Getting Money Loans During Tough Times
It’s an unfortunate truth that in tough economic times, lenders tend to increase the already-strict guidelines for granting unsecured money loans. Banks continue to show increasing reluctance to extend credit lines or financial assistance to customers. Even those with good credit are being turned away, and those with poor credit are often denied immediately. This kind of economic climate is increasing the challenges for those in financial tough spots to find emergency cash quickly. Our site offers a positive alternative to more rigid traditional lending structures. We understand that you can only plan so far for an emergency, and sometimes everyone needs a helping hand. Our goal is to extend an offer of support to hardworking Americans who end up in over their heads financially through no fault of their own.
Why traditional banks can’t measure up
Banks have made billions by operating in black and white terms. It’s a system that has worked out very well for them. Unfortunately, real life is lived in shades of grey, and an inflexible lending structure simply isn’t practical for the average household. Most lenders reward those with above-average credit, but most people are in need of loans because of money problems, not because they’re able to pay all their bills on time. Even people who may have previously been financially secure can run into situations, such as a lengthy illness resulting in unexpected job loss or sudden breakdown of a vehicle. When so many families are already just barely making ends meet, it doesn’t take much to send your budget off-balance.
Unlike traditional lenders, money loans require only basic information to qualify:
- Be at least 18 years old.
- Earn at least $1,000/mo. after taxes.
- Be employed for at least 90 days at your current job.
- Have a checking account in your name.
- Provide home and work telephone numbers, and an email address.
- Be a U.S. citizen or permanent resident.
How we’re different
Money Loans offers a way that you can essentially get an advance on your regular paycheck, but without the embarrassment of asking your boss for financial assistance. Then the next time you get paid, you pay us back with an automatic debit from your bank account. Since you choose the loan amount yourself, it’s easy to make sure it’s in line with what you can afford to repay. This allows you to repay our money loans quickly, without adding to your debt problems. And unlike a credit card or other long-term loan, you won’t have that amount hanging over your head for months, or even years. Our loans are short-term, paid back within two weeks to 30 days, so you can take care of repayment right away.
Our easy application process
The requirements for receiving a cash loan are very straightforward. First, you need to be a United States citizen or permanent resident. You’ll also need to provide us with proof of your income, plus a valid email address and a working phone number. We’ll also need the bank account where you’d like the money to be deposited. In just a few minutes, you can be approved and have access to the financial resources you’ve been in need of.
The ease of our application process and nearly immediate approval make us a trusted source for money loans. The Federal Truth in Lending Act ensures that applicants are protected from predatory lenders, because regulations require that all rates and fees be disclosed in advance. With our lenders, you’ll feel safe and confident knowing you can proceed with trust.
Representative APR Range
MoneyLoans.com is not a lender and does not provide short-term loans but refers consumers to lenders who may provide such loans. For this reason, we are unable to supply you with an exact APR (Annual Percentage Rate) that you will be charged if you are approved for a loan. APRs vary according to the information supplied by you in your loan request and your lender. You will be given the APR, loan fees, and other terms by your lender when you are redirected to your loan agreement in the loan request process. The APR on a cash loan can range from 200% to 2,290% depending on how the APR is calculated (nominal vs. effective), the duration of the loan, loan fees incurred, late payment fees, non-payment fees, loan renewal actions, and other factors. Keep in mind that the APR range is not your finance charge and your finance charge will be disclosed later on, if applicable.
Stopping debt before it grows
Every day that leaky pipe keeps water pooling in your basement, or that unfixed car keeps you from getting to work, will add up to more money out of your pocket over the long haul. This only increases your current debt, and can mount up quickly in a way that’s difficult to escape. Opting for a short-term cash loan opens up more affordable repayment options for many. Rather than a larger loan with a longer repayment term, a quick infusion of cash can often be all that is needed to get you and your family back onto solid ground. And since the loan is repaid so quickly that interest doesn’t have a chance to build up, there’s very little risk of adding to your debt burden. A paycheck loan is the jumpstart that gets the circulation of money flowing in your finances again.
Your Financial Future
No matter how financially responsible you normally are, planning can’t protect you from every emergency. That’s why, although it’s of course important to be responsible with your money, it’s also important to realize that resources like our site can be your ally if things don’t go according to plan. A small loan, repaid on time, can benefit you in the short term as well as contribute to the repair of your credit. Setting yourself up with a high credit score sets the stage for better rates on car loans, mortgages, and maybe even a better job. That three-digit number can mean the difference between a mortgage with an affordable interest rate or an inflated one. Credit scores can impact housing approval and car loans. Even prospective employers may request permission to conduct a credit check through the hiring process.
Being stuck with low credit can be a heavy burden to bear. And even worse, it can feel like there’s just no way out. MoneyLoans.com connects you with the fast cash resources you need to lighten your debt and start bettering your life. And you don’t need to wait even a single minute longer; you can start right away from the comfort of your own home. Don’t let poor credit hold you back from the future you deserve. Our money loans provide a second chance you won’t get from traditional lenders — the chance to get ahead.