Your Secret Bill-Paying Weapon

Your Secret Bill-Paying Weapon

The need for quick cash is universal. From medical bills to parking fines to cell phone overage penalties, life is full of surprise financial responsibilities that can throw a wrench into anyone’s budget. Sometimes, you need a little help to meet your short-term goals. How you go about getting that financial help can set you apart from the rest of the pack.

Can’t I Just Borrow Money From The Bank?

You could try securing a loan with your local financial institution, but banks have a strict set of requirements that don’t lend themselves to expediency.  If you have a financial emergency, you may not have time to wait.  In order to submit an application, you have to meet with a lending officer, who will review your credit and employment history before they issue a loan.  This is a process that could take weeks! If you need cash right away for an emergency (or if your credit is less than stellar), a bank loan may not be a feasible option for you.

Should I Borrow Money From an Online Lender?

Choosing to borrow from a direct online lender may be a better alternative if you need money quickly. They won’t need to see your credit history in order to review your application, and the application itself can be easily and quickly completed online. As long as you can prove you’re an American citizen over the age of 18 with a valid email address, bank account, and income you can apply.  Once approved for a loan, you can see the money in your checking account in as little as 24 hours.

Where to Start Looking for an Online Lender?

The direct online lenders like MoneyKey have 3 different loans that can be issued within a 24-hour time frame. Single-pay, flex-pay installment, and line of credit loans are available and can be issued according to your needs and abilities. For those who can repay their loan within 2 weeks (or roughly by the time you receive your next paycheck), a single-pay loan can be a great option. Should a single repayment be out of your financial capabilities, a flex-pay installment loan allows for the settlement of the loan to occur over a longer term. A line of credit is another option that schedules your repayment according to how much you borrowed against the credit. With so many options, it guarantees that you can be matched with a loan that’s most appropriate for you.

Your Secret Bill-Paying Weapon – Final Thoughts

MoneyKey helps you make responsible lending choices by following state laws and flexible loan options. This can be your secret bill-paying weapon to help pay your bills now.  Ultimately, however, the onus is on you to read the full terms and agreements to ensure that you’re in the financial position to take on such a loan. When you make sure to visit a direct online lender, you’ll be able to make all of your short-term goals without creating a financial crisis.

If you do find yourself taking out one of these loans to get money quick, you are obviously in financial trouble.  Once you have your loan paid off, you will want to make some serious changes to your normal monthly expenses to help get your finance back under control.  If you are ready to make a change toward improving your finances, head on over to the Money Saving section of MoneyAhoy.com for my best tips and tricks to help you save money quick!

Check out these other great MoneyAhoy posts:

How to Improve Your Credit Score How to Get a Loan if You Have Bad Credit Why is having an Emergency Fund so Important? Payday Lenders – Are They Really The Ones To Blame?