Occasionally, many of us find ourselves a little short on funds from time to time. It could be an emergency dental appointment, or something bigger, like an air conditioning unit needs to be replaced. Getting caught short between paydays is difficult if your savings do not cover the expense.
Getting a quick loan can solve your shortfall when the unexpected happens. A short-term loan allows you to get the money you need without a lot of hassle, no credit check, and no long waiting periods for approval.
An unsecured loan doesn’t require collateral, so you won’t have to put up anything of value or have good credit to obtain one. The interest rate will be higher than going to a bank, but a bank will require collateral and a good credit score to provide financing.
Deferred presentment loans in Tennessee are regulated by the state. Reputable lenders will be licensed by the state to issue credit, so make sure the company you choose is licensed. It should be posted on the website or at the storefront location.
There are online lenders who set up websites that are not licensed by Tennessee, so it is important to make sure and check their license. These companies can have hidden fees, higher interest rates and other clauses that can cost you money.
Lending Bear is state-licensed, so you can trust that their lending practices are fair and responsible. In addition, Lending Bear is a member of INFiN and subscribes to the consumer finance industry’s Best Practices.
It would be best to have a definite amount of how much you need in mind before you apply. That will make your choice of a lender and the type of loan easier when ready.
You might think taking the maximum allowed is best, but it means more to pay back which ends up costing you more. Just take what you need so you can pay it back faster.
Do not apply for a loan if you are unsure if you will be able to make the required payments. This will only lead you to a collection company, as well as a red flag within the consumer finance industry.
You do not have to be employed, but you do need proof that you have some type of reoccurring income to make the payment/s successfully.
Be honest and discuss your situation with your creditor before you take the loan. Good lenders will understand and might be able to work with you to arrange a payment plan that fits.
Understand all the terms of the loan before you sign the agreement. All the terms are discussed before you get the money, so if you are not sure about something, mention it before you sign.
A reputable lender will provide you with a payment reminder a few days prior to the due date. This way, you’ll know exactly how much is coming out of your account. If, for some reason, you are unable to make that payment, call your lender and work with them to arrange a payment plan. If they value your business, they will work with you to get you back on track.
There are many choices for lenders when it comes to short-term loans. It’s important to find one that is legal and licensed, but one that also actually cares about their customers. Lending Bear is one of the highest reviewed lenders in the Southeast because we do.
Call or apply online for your short-term loan today. Why be left short of money when you can easily get a short-term loan to take care of everything today.
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