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Because installment loans have a predictable repayment schedule, the borrower won't be trapped in a never-ending debt cycle like what often is the case with payday loans. MaxLend's installment loans are fixed to last only six months. By this time, all outstanding principal and interest should be repaid allowing borrowers to see the light at the end of the debt tunnel.
Traditional lending institutions consider a variety of factors to determine whether an applicant qualifies for a personal loan. Whereas applicants with good credit have higher loan approval rates, people with lower credit scores are often turned down for a loan or must put up collateral such as a car, house or savings account to receive a loan. Simply missing a few credit card payments or being unable to pay a utility bill once or twice can result in poor credit. Young people with no credit history are also likely to experience difficulty being approved for a traditional loan. For people with bad credit or no credit, a payday loan or cash advance from Mypaydayloan.com is a convenient way to receive a short-term loan without having to be subjected to a traditional credit check and with no collateral required.
The online direct payday provider is actually the provider who actually lends you the money you order. This means that he is actually the person who administrates the lending process. You, as a borrower, will talk directly to him about all the details of the loan and he will decide whether it will be approves or not. The process is quick and if you choose our company, then you will be immediately connected with the best provider for your profile.
Do you need more cash? Try Unsecured Installment Loans (or Personal Loans) at MicroPaydayLoans.com. Installment loan or Personal loan is a medium term loan with a fixed interest rate that is repaid in equal monthly payments and it's usually limited to 24 months. Loan offers and eligibility depend on individual credit profile. You can obtain as much as $3,000 depending on a state and your financial situation. Installment and personal loans are affordable alternatives to payday loans, but at the same time installment loan lenders have higher qualifications. Request a Loan