Picture this; it’s only mid-week and you’ve already got hit by a cellphone overage, a rate hike on your utility bill, and you know you’re going to have to refill your prescription soon. Unfortunately, when you go online to look at your bank account, the number that blinks back at you won’t quite cover what you owe. You would be able to pay for everything, if only everything was due at the end of next week, when you finally get paid. In the meantime, you’re left wondering how and if you can postpone your bills.
Sound familiar? It can be stressful and embarrassing to know that you need a little help to tide you over until you get your next paycheck, but it shouldn’t be. You’re amongst the majority. Everyday someone is in your exact position, struggling to find an answer to their financial woes.
That answer doesn’t lie in a loan given by a friend or family member or a loan issued by a bank. The former puts a strain on your personal relationship, spoiling the dynamic between two good friends changing them to borrower and lender. The latter has an application process that takes far longer than you immediate timeline, and they won’t issue a loan to anyone with bad credit. When you need money fast without the threat of laborious applications or ruined friendships, your answer lies in a short term loan.
Short term loans are an easier, faster alternative to traditional loans. When issued by an online lender, the money lending process is streamlined to afford you the quickest loan possible. In as little as 20 minutes, you can go online and fill out an application form on the website of a reliable lender. If your application qualifies and is approved, the money you need will be deposited directly to your bank account within the next business day. This next-day service is a convenient advantage over traditional loans and lets you pay for bills as soon as you need to.
Expediency isn’t the only perk of securing an online loan. Short term loans also provide a better way to borrow, as they never exceed $1,000. By sticking to small dollar amounts, it’s easier to accommodate their repayment into your budget once your next payday comes. MoneyKey is one of the top payday loan lenders in the US and offers a number of financial products such as single-pay loans, flex-pay installment loans, and lines of credit to provide loans that fit different lifestyles and financial situations. Single-pay loans are offered in Ohio. They are to be repaid in full by the date of your next paycheck with options to renew or make partial payments if paying in full doesn’t fit with your budget. Installment loans are offered in the state of TX, SD, DE, UT and IL.Their repayment is broken up over a longer term to coincide with multiple paydays. Lastly, a line of credit is a loan that only requires a minimum payment every month with options to pay in full anytime.
With flexible options available to you, direct online loans aren’t just the fast option—they’re the best option. Customized to your financial capabilities, these short term small dollar loans can provide you with the money you need to cover urgent bills. So the next time you’re facing an emergency or finding yourself short on cash, take advantage of a financially smart solution of a short term loan.