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4 Signs You May Need an Online Line of Credit Instead of a Payday Loan

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4 Signs You May Need an Online Line of Credit Instead of a Payday Loan

There are several things to consider before getting an Online Line of Credit loan

An online line of credit has a lot in common with a standard payday loan, but there are some significant differences. These differences are what set these loans apart and why some borrowers turn to them instead of regular payday loans. So how do you know which one is right for you? We get borrowers from all walks of life and with all kinds of different money needs. We have collected the facts and can share with you these four signs that an online line of credit might just be what you need.

1. You aren’t sure how much money you need to borrow, which makes an online line of credit just right

When you borrow money through a more traditional style of loan, you have to choose how much you want to borrow. Or, alternatively, you have to take whatever amount the lender offers you and be happy with it. There may be a lot of situations, though, in which you aren’t sure how much you need. Is it $200 or more like $2,000? The best solution to this conundrum is to take out an online line of credit. It means that you get approved for a certain amount, but you can draw on it whenever you need to and take out whatever amount you like.

2. An online line of credit may be for you if you are afraid of borrowing too much

The flexibility to use only as much as you need with an online line of credit is perfect if you worry about borrowing too much and having too much debt. With this type of loan you can get approved for a larger amount than you currently need, and you can then draw out only a little bit at a time. Then, if you do need a larger amount later, you still have that option without risking borrowing too much and getting in trouble with high debt amounts.

3. You often find that you need a little cash, immediately. Choose an online line of credit for fast cash

Getting approved in advance means that you get access to cash fast. If you sometimes find that you run out cash unexpectedly or have emergency expenses from time to time, having an online line of credit can be a great way to reduce the stress of those situations. You get approved and then have access to the line of credit whenever you need it, at a moment’s notice. Instead of applying for a loan when you really need the cash immediately, get approved now and have instant access to cash at any time of day or night.

4. You might need an online line of credit if your credit score is not perfect

Unlike a lot of other types of loans and other lenders, our lending service offers an online line of credit even to those borrowers with imperfect credit histories. We know that you can afford this kind of loan, and can be responsible with it, if you have a good job history and access to a regular paycheck. Your credit is less important, so don’t sweat it and get an online line of credit.

If you “liked” this post you may also like a post about GreenLeaf Tax Loans.

There are many other great loan sites offering quality loans, perhaps you would prefer an article about Quick Loans.

4 Signs You May Need an Online Line of Credit Instead of a Payday Loan By –

Protect Yourself from Financial Drama with an Online Line of Credit

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Protect Yourself from Financial Drama with an Online Line of Credit

Pad your account with extra cash from an Online Line of Credit

Pad your account with extra cash from an Online Line of Credit

Nothing can ruin your day faster than an overdraft notice from your bank – and it’s even more painful if you have bills or other expenses that need to be paid with the funds you believed to be safely ensconced in that account. It seems to be true that no matter how carefully you budget and track your dollars, we’re all human and we all make mistakes – and sometime those mistakes will be financial. This is one of those occasions when the best defense is a good offense: an online line of credit protects you from days or weeks with no cash and a bank account under water, waiting anxiously until payday and trying to figure out how to make up for the lost funds and get your budget back on track. “Pad” your account with some extra cash when you know you’re running short, just to ensure against an overdraft even if you don’t think you’ll need it – or if the shortage happens by surprise, you’ll be able to get cash back in the account quickly so you don’t have to spend the time until your next payday broke and in crisis.

How is An Online Line of Credit Different from a Regular Payday Loan?

The main difference is that it’s flexible! With a standard payday loan you request a specific amount of money, and repay it on the following payday – and you’re finished. An online line of credit gives you a lot more flexibility in a couple of different ways. One way is that you’ve already been approved, so you don’t have to go through that process at the time that you discover you’re in need of cash. The other is that the amount you can borrow at any time is more variable. If you think you might be running a little short before payday and want to make sure you don’t get hit with overdraft charges, just take out one or two hundred (which will cost you very little in fees and interest!) – alternately, you can borrow more, up to your approved limit, if you find yourself faced with unanticipated expenses that will be difficult to fit into your budget. Repayment can be all at once, or arrangements can be made for a longer term by paying at least the interest each payday.

Nearly Everyone Qualifies for an Online Line of Credit!

Online Line of Credit The requirements for this type of loan are very basic and almost everyone will qualify for some approved amount, as long as you meet those requirements. Got bad credit? That’s ok! The lenders mostly use an alternative set of criteria to determine approval rather than the standard credit check! In addition, applicants need to be at least 18 years old, be able to supply their address and phone number, and have a bank account that is able to both send and receive electronic transactions, as well as having a verifiable income that meets the required minimum income limit. Depending on your income and other factors, the amount you can be approved for will vary, but why not have this option in your back pocket, saved and ready when you need it? Apply today for an online line of credit loan!

If you “liked” this post you may also like a post about Quick Loans.

There are many other great loan sites offering quality loans, perhaps you would prefer an article about Tax Advance Reviews.

Protect Yourself from Financial Drama with an Online Line of Credit By –

Can You Get an Online Line of Credit with No Credit History?

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Can You Get an Online Line of Credit with No Credit History?

You can build credit with an Online Line of Credit loan

You can build credit with an Online Line of Credit loan

Having no credit history at all can be a big red flag for most lenders. Whether you’re trying to finance a big purchase, like your car, or just get a small loan from your bank or credit union, without that credit history it can be tough. Most lenders want to see that you have experience with borrowing, but you have to start somewhere. Turn to payday lenders who offer an online line of credit to start building that important credit history.

No Credit is No Disqualification for an Online Line of Credit

Applying for an online line of credit through our payday lending service is a great option for anyone with no credit or a very limited credit history. Our lenders use a different set of criteria to approve borrowers as compared to more traditional lenders. For some of them, a credit check may come into the equation, but for the most part your credit report is not a disqualifying factor. More important is that you have a job and a bank account.

Build Credit with an Online Line of Credit

You can even use this online line of credit to work toward future financial goals and ensuring that you won’t be troubled by a lack of credit again. This kind of lending is a great stepping stone to other loans because it gives you a chance to safely build positive credit. Instead of getting a big chunk of money that you may have trouble repaying on time, you only borrow as much as you need and as much as you can handle so that you won’t make late payments and hurt your new credit.

Applying for an Online Line of Credit

Online Line of Credit If you’re ready to start building your credit and taking advantage of a loan that doesn’t disqualify you based on credit, applying is easy. To get an online line of credit, you can go online and apply or you can use a mobile app with your smartphone or tablet. Once you have completed either of these applications, you will be contacted by a lender to get you approved and to get you access to the cash. With an online line of credit, all you need to do when you need cash is get it. You don’t have to use it all at once; simply draw on it when you’re in a bind and watch your credit report build.

Can You Get an Online Line of Credit with No Credit History? By –