Cash Loan Payment Plans
Posted on Wednesday, January 12th, 2011 at 12:59 pm in Helpful Payday Loan Info
Online instant cash loans are a convenient way to borrow affordable cash from home, and they also come with a number of payment options to work with any budget. You can get cash wired in 1 hour with no credit check and pay it back with the payment plan that works for you! Full payment, installment plans, and rollovers are offered by most online cash lenders.
Most people pay back their cash loans in full on their next payday. Instant cash advances are designed as short term loans to hold customers over until payday, when they can then afford to repay the amount they borrowed. This is the easiest and most affordable way to pay back your payday advance if you only borrowed a small amount. You’ll pay a lower annual percentage rate with a single payment than you would with an installment plan or rollovers, and your lender automatically withdraws payment for you so there’s less for you to worry about.
If you need to borrow a larger cash loan for car repairs or a medical emergency, you can ask your online lender about paying back your loan in installments that you can more easily afford. With a cash loan installment plan, automatic payments are taken from your bank account every payday until your loan is paid back. Your APR will be a little higher, but the payments are small enough to easily afford when you need larger sums of cash.
Rollovers are a popular way to renew your instant cash advance. You’ll have more time to get the cash to repay your loan, and you can extend your loan if you need more cash between paychecks. You’ll need to pay a new service fee for every cash loan rollover you get, and too many rollovers can cause your APR to spike pretty high. Use caution when considering rollovers for your online cash loan.
Discuss payment plan options with your lender today and find the plan that works best for you.
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3 Easy Steps to Get Your Quick Cash
Complete the short form.
Receive your approval and confirm loan.
Cash deposited into your account.