If you need a short term loan in a hurry, you have two main choices. You can go for a payday loan or an installment loan. Installment loans have a number of advantages over Seattle payday loans. At Seattle Cash Services, we can help you get a free, no obligation quote for an installment loan. Even if you have less than perfect credit.
Why Seattle Installment Loans?
If you need money in a hurry, a payday loan will get you just that but it comes with a lot of baggage, so to speak. If a payday loan is all that you can qualify for and you need the money, by all means, take out the loan. You should try to first get a quote for an installment loan though and here is why.
Lower Interest Rates
Effective interest rates on payday loans can reach 400% or higher. This is because fees are charged per $100 borrowed. Combined with the short term of the loan, you get a very high APR. Installment loan interest rates are generally much cheaper than a payday loan rate. Rates will vary considerably depending on your credit rating but an installment loan will almost always have lower interest.
More Time To Pay
With a payday loan, you will have to pay the entire amount in one payment, on your next payday. This can take a huge toll on your budget and is why so many people wind up taking out one loan after another. With an installment loan, you get more time to pay back your loan. Splitting the loan up over several payments can help you spread out the financial burden. This will also allow you to get your budget back on track so that you can prevent the need for loans in the future.
Borrow More Money
Currently, in Seattle, you are limited to $700 with a payday loan. What if you need more? If you need more money than that, an installment loan is the way to go. The lenders in our network can allow you to borrow more money which might help you better address your financial emergency. Some emergencies just need more than a few hundred dollars, they might need a few thousand dollars. These are things like car repairs and emergency medical bills.
Applying For Seattle Installment Loans
Lucky for you, applying for an installment loan is easy. Typically, everything can be done online although your particular lender may require some additional documentation. If they do, it is typically easy to provide.
The first step is to fill out the short quote form at the top of the page. It will ask for some basic information like employment, address, etc. It will also ask for your bank information so that your lender can deposit money directly into your account if you are approved. After you fill out the short form, agree to the terms and then submit your information.
Once your information has been submitted, it goes securely to the loan network. This is the magic of dealing with a lending network. It haas the ability to improve your chances of approval. If one lender decides not to make you an offer, your information just goes to the next one in the network. If you deal with an individual lender in Seattle, if they decline you, it is all done. Not so with a loan network.
When a lender is found that wants to make you an offer, you will receive the loan information. You will then be able to review all of the loan information and see the true cost of the loan. Be sure to take some time to examine your loan and just how much it will cost you. Only then should you make your decision as to whether or not the loan is right for you.
If you decide to accept your loan offer, your lender will generally deposit the money directly into your bank account. This can happen as soon as the very next business day.
Learn about loans in Federal Way and get a quote online.
Seattle Cash Services Can Help With Installment Loans
At Seattle Cash Services, we are not a direct lender. Instead, we make it easy for you to get the loan that you need by connecting you with a lender on our lending network. It is the easiest way to get a cash installment loan and here is why.
Better Loan Approval Odds
When you apply with just a single lender, you are being asked to meet one specific set of qualifications. If you do not fit into their particular mold, your lending experience is over with them. Then you have to start the whole process again with another lender.
With a lending network such as ours, if you do not meet one enders requirements, your information goes to the next lender. This occurs until a lender is found that wants to make you an offer. One simple quote form and your information may potentially get in front of a number of different lenders.
Easy Quote Process
The process of getting a quote could not be any easier. The form is online, at the top of this page, and takes just a few minutes to complete. All of your information is handled securely and there is minimal documentation required. It just takes a few steps to complete the very short quote form.
Once you submit your information securely online, you will have your decision fast. Most decisions will come in just a matter of minutes. Knowing that you have money coming will help to reassure you that you will have your financial problem met.
Rather than going to a local Seattle lender, you can do everything online right now. This eliminates the need to travel and interact with a lender personally. Interacting with people is not necessarily a bad thing but sometimes, for convenience, you just want to get something done. And, what goes side by side with convenience, speed. This is a much faster way to get your loan approval, accept you loan and get the money into your bank account where it needs to be.