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Wysłany: Czw 8:03, 20 Sie 2015
Temat postu: alpine loans
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Cash advance installment loans are available from many of our lenders. Cash Advance Installment Loans can be the solution for you if you need to repay your payday loan over a period of pay dates. By tailoring your payback period to a series of your pay dates, the lender can fit a cash advance installment loan into your budget quite easily. The repayment will easily be made through direct debit of the designated checking account. With known repayment amounts and dates, the cash advance installment can be handled as a regular budget item and planned for on a recurring basis. Normal repayment periods used are anywhere from three to six months. The number of pay dates used to repay the cash advance installment depends on your paycheck frequency. For example, if you are paid every twice monthly and your repayment is three months, then the account would be debited over six pay dates. When you need small cash instantly you cannot go to the banks or lending institutions to undergo the entire process for the small amount and it may take few days to reach you when you would be in crisis without money in hands. You cannot take such risk of delay when some of the bills are going to hit in those last days of the month. For such reason Cash loans or advances are really helpful where you get cash in the form of unsecured loans through the payday lenders.
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How Pay Day Loans Work
According to a Plain Green Loans review, a $250 loan carries an interest rate with an annual percentage rate (APR) of 378.95%. In order to payback a $250 loan, a borrower would need to make eight bi-weekly payments of $54.94 each. The more money a consumer borrows, the lower APR they will face. For instance, it they borrow $1,000, they will have a 299.17% APR, and they will have to make 24 bi-weekly payments of $124.16 each.
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What are the Different Types?: Essentially there are two types, secured loans and unsecured loans. A Secured arrangement means that the applicant can pledge an asset as collateral towards the loan. A secured loan is considered less risky and thus will often be cheaper to service. An unsecured loan is where the applicant cannot pledge anything as collateral which increases the risk to the lender. This means that the loan will be harder to obtain, have a higher interest rate and also have more restrictions. When looking for this type of loan you want the best rates and terms possible, then we can help.
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