Studies show that 75% of Americans now live paycheck to paycheck. For them, even small emergencies are big problems. This trend is one reason that payday loan companies have sprung up and are offering to provide emergency cash. However, many people are not comfortable with that option, and turn to Maxlend Loans instead. Qualifying is easy, applications are simple, and payment is fast.
Online Loans Offer a Workable Solution
While some people can use bank loans to get past financial crises, millions do not qualify. Banks tend to be conservative and usually require at least a reasonably good credit score. Many clients who have been turned down by banks went on to arrange for payday loans which let them juggle finances. Unfortunately, payday loans can be expensive and their fees often trap borrowers in never-ending cycles of debt. Max Lend online loans offer these clients a better option. Customers borrow at reasonable rates and pay money back in installments.
Qualifying Is Fast and Easy
Many customers who might qualify for other loans still borrow from online lenders. They enjoy the convenience of Internet applications that are designed to be quick and easy. There are some qualifications, but they are fairly basic, so a majority of applicants are approved. Although there is no credit check, applicants must have a verifiable income source and a checking account that meets “minimum opened” requirements. They must be at least 18, meet income requirements and not be actively involved in a bankruptcy. It takes minutes for the average person to apply and approvals are very fast.
Good Customers Can Often Borrow More
Brand new customers generally qualify to borrow up to $1,000 and the funds are made available to them the next business day approval. Installment loans are paid back on specific dates and total repayment time is usually 6 months. As long as clients pay loans on time and in full, they can qualify to borrow higher amounts, with the maximum being $2,000.
Customers who do not have perfect credit but need emergency cash can apply online for installment loans of up to $1,000. Applications are quick and qualifying is easy. Funds are made available within a business day and good customers often have borrowing limits raised to as much as $2,000.