An unsecured loan is a loan that is not backed by collateral. Also known as a signature loan or personal loan. Unsecured loans are based solely upon the borrower's credit rating. As a result, they are often much more difficult to get than a secured loan, which also factors in the borrower's income. An unsecured loan is considered much cheaper and carries less risk to the borrower. However, when an unsecured loan is granted, it does not necessarily have to be based on a credit score. For example, if your friend lends you money without any collateral, meaning something of worth that can be repossessed if the loan isn't repaid, then your credit score has zero to do with it, but rather the value of your friendship is at stake.

A payday loan (also called a paycheck advance or payday advance) is a small, short-term loan that is intended to cover a borrower's expenses until his or her next payday. The loans are also sometimes referred to as cash advances, though that term can also refer to cash provided against a prearranged line of credit such as a credit card. Legislation regarding payday loans varies widely between different countries and, within the USA, between different states.

You must be at least 18 years of age. You must have a checking account that has been open and in use for at least 90 days. You must have a minimum of $1000 in payday or fixed income deposits per month.

They provides short-term cash advances that are electronically deposited into your checking account. Everything from application to payment is done electronically via our website. When your loan is due, the amount borrowed plus a service fee is debited from your checking account.

Personal loans are designed to be short term loans to meet an immediate need. Unfortunately, a dependence on extensions moves a customer into a long term situation which is not in their best financial interest. We are committed to dealing with consumers with honesty and integrity and do not wish to take advantage of anyone or to allow them to abuse a system to their own harm.

If you choose not to pay your loan on the due date, you can extend the loan for an additional fee. You can extend your loan up to three times, paying only the finance charges and fees due at that time.

After filling out the online application or calling them to apply by phone, you will have to fax in your bank statement and a voided check. They examine your bank statement to determine your income, and they loan you funds based on the monthly amounts we see deposited into your account. If they approve your loan request, the funds will be deposited into your account overnight so that you can get your money the next banking day.

You should fax in your bank statement as soon as possible. The deadline for next-day funds is 4:00 p.m. Pacific Standard Time. You must be approved by this hour for your funds to be available by the next banking day.

Term Loans: Fixed amount of money borrowed and repaid over a specified period with regular payments. Ideal for major capital investments, such as equipment purchases or business expansion.
Merchant Cash Advances: Lump sum provided in exchange for a percentage of future sales or receivables. Useful for businesses with fluctuating sales volumes needing quick access to capital.

Yes, some banks, credit unions, and other lenders offer student loan refinancing. Refinancing allows you to combine federal and private loans into one with a new interest rate and term. Refinancing can potentially reduce your monthly payments or help you pay off your debt faster.

Reach out to your college's or university's financial aid office for information about your federal student loan options. Additionally, you can call the U.S. Department of Education's Federal Student Aid Information Center at 1-800-4FED-AID (1-800-433-3243)

Repayment Period: These loans are usually due on the borrower’s next payday, typically within two to four weeks. The loan amounts are usually small, ranging from $100 to $1,500, depending on state regulations and the lender.

APR: Payday loans come with very high annual percentage rates (APRs), often ranging from 300% to 500% or more. Besides interest, there may be additional fees for loan origination, late payment, or extending the loan term.

Eligibility: Many payday lenders do not perform a traditional credit check, making these loans accessible to borrowers with poor or no credit history. Borrowers typically need to provide proof of income, an active bank account, and identification.

Regulations: Many states in the U.S. have regulations to cap the interest rates and fees that payday lenders can charge. Some states have banned payday loans altogether.
Borrowers typically need to provide proof of income, an active bank account, and identification.
Credit Cards: Using a credit card for emergencies can be less expensive if paid off promptly.

Once you're approved for a personal loan, the cash is usually delivered directly to your checking account. If you're getting a loan to refinance existing debt, you can sometimes request that your lender pay your bills directly.

Funding times for banks usually range from 1 to 7 business days once approved.

Yes, personal loans are usually, but not always, directly deposited. Personal lenders will ask for your banking information if you want to receive your funds through a bank account.