At the end of the year, you should be focusing on things that matter, like spending time with your loved ones and looking forward to the year ahead. But if you’re struggling through the holidays because of one too many unexpected bills, you’ll miss out on this wonderful time as you’ll be too busy worrying. It’s not always easy to see a way out of your financial situation when tough times or unforeseen emergencies drain your savings, but you don’t have to struggle on your own. A small dollar loan from a trusted direct online lender can see you through the holidays.
Without any previous experience with short-term or small dollar loans, you might find it difficult to understand your options. Securing a loan can seem complicated and overwhelming any time of the year. Add to it the stress of the holidays and you might be completely discouraged. You might think it’s just as well, as your poor credit will disqualify your chances at getting a loan.
But that’s where you’re wrong. Not only is it easy to get the loan that you need, during the holidays or any time of the year, but you don’t need excellent credit either. Direct online lenders have made it so that any American over 18 years of age who has a valid bank account, income, and email address can apply – regardless of credit. They won’t ask to see your credit score or any financial history. All you need is access to the Internet and a few moments to apply online. If you qualify, you can see the money you need in your bank account in as little as one business day. When you’re watching the calendar for upcoming due dates, this near instantaneous access to cash can be a blessing.
Before you open up a new tab to start searching for a direct online lender, you should keep a few things in mind to ensure your lending safety. It’s easy to borrow from a lender that doesn’t have your finances in mind, and they’ll offer loans that don’t best suit your situation or financial capabilities. The direct online lender you want to help you this holiday should be licensed by your state to issue loans. This licensing is only achieved if the lender abides by strict laws regarding their rates, terms, and conditions and these regulations were put into place to help consumers from being scammed. This license should be a proud element of their business, so you should be able to find out if your direct online lender is state licensed with a little searching on their website.
Your direct online lender should also offer different kinds of loans depending on your needs. They should match the loan and its term to your current financial abilities, so you can reasonably repay your loan within the time limit. Sometimes this means a repayment plan that allows installments over a period of time instead of paying back the loan in one lump sum. If your direct online lender can’t offer flexibility with your term, then you have no business borrowing from them.
Your loan should also be limited to no greater than $1,000 to ensure its repayment won’t throw your budget into the red. In keeping your loan to a small dollar amount, your direct online lender is making it easier for you to pay back. Just like your repayment plan, your direct online lender should offer choices that fit your specific short-term goals to encourage responsible lending habits.
It’s normal to need a little bit of help now and again, and a state licensed direct online lender is your best resource when the going gets tough. When you get a cash advance loan this holiday, you can finally focus on the things that matter – spending time with your family while enjoying the season. Leave your financial struggles behind and look forward to a bright New Year.