This is an expensive form of credit. Plain Green loans are designed to help you meet your short-term, emergency borrowing needs. Appropriate emergencies might be a car repair, medical care for you or your family, travel expenses in connection with your job, etc. Our loans are not intended to provide a solution for longer-term credit or other financial needs. Alternative forms of credit, such as a credit card cash advance, personal loan, home equity line of credit, existing savings, or borrowing from a friend or relative, may be less expensive and more suitable for your financial needs.
For example, if an individual wants to borrow $10,000 to finance the purchase of a car, the lender informs the borrower that making a higher down payment could get the borrower a lower interest rate, or that the borrower could obtain lower monthly payments by taking out a loan for a longer term. The lender also reviews the borrower's creditworthiness to determine what amount and with what loan terms the lender is willing to extend credit.
In a nutshell, this may imply that you are not efficient in your money management skills or you are deliberately getting more debts without any conscious effort to deal with what you already owe other creditors. This paints a very risky picture and your credit rating has to be taken a notch lower so that subsequent creditors can be aware of the looming risks.
Adam West is the Managing Editor for BadCredit.org, where he regularly coordinates with financial experts and industry movers and shakers to report the latest information, news, and advice on topics related to helping subprime borrowers achieve greater financial literacy and improved credit scores. Adam has more than a dozen years of editing, writing, and graphic design experience for award-winning print and online publications, and specializes in the areas of credit scores, subprime financial products and services, and financial education.
DISCLOSURE: This is a solicitation for an auto title loan, payday loan or installment loan. This is not a guaranteed offer and requires a complete and approved application. Auto title loan amount subject to vehicle evaluation. Results and actual loan amounts may vary. Certain limitations apply. Auto title loans and installment loans are made pursuant to the Department of Business Oversight California Finance Lenders License. For Payday Loans: This company is licensed by the Department of Business Oversight Finance Lenders pursuant to the California Deferred Deposit Transaction Law. This site is affiliated with one or more of the licensed lenders referenced herein, including Fast Auto Loans, Inc., Fast Auto and Payday Loans, and RPM Lenders.
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Loan funding requires verification of application information. Depending on ability to verify this information, loan funding may be extended up to two days. All loans subject to approval pursuant to standard underwriting criteria. In-store cash pickup is subject to approval pursuant to standard underwriting criteria. In-store cash pickup not available in all states.
We adhere to the principles of the federal Fair Debt Collection Practices Act (FDCPA). Because we may report your payment history to one or more credit bureaus, late or non-payment of your loan may negatively impact your credit rating. If you fail to repay your loan in accordance with its terms, we may place your loan with or sell your loan to a third-party collection agency or other company that acquires and/or collects delinquent consumer debt.