What Are Your Options During Emergency Cash Needs?
What do you do when an emergency cash need is upon your head? Yes, most likely you try to borrow money from a source that is instantaneous and affordable. Then the traditional lending gets automatically excluded since you cannot expect an instant funding from there. Then you turn to private financing companies like CashAmericaToday because here you can apply for a cash loan online and get an approval instantly in a couple of minutes- even with a bad credit score.
Since we are a legitimate lender that serves a maximum number of people from the low income groups, we offer lower rates, free application, security and of course the repayment flexibility. Depending up your income level, and amount of cash need, you can choose to borrow a payday loan or an installment loan from us. We recommend if you take out a small amount like $200 or $300, then choose a payday loan. If you take out cash like $500 or $1,000, choose an installment loan for smooth returning.
What’s The Difference Between Installment Loans and Payday Loans?
As we suggested you to take out two different types of loans for different cash amounts, you must be wondering “aren’t installment loan and payday loan the same?” and what are the benefits of installment loans over payday loans if you borrow higher amounts of cash? The most basic difference between them is the repayment terms and process. A payday loan needs to be paid back at once by the next payday whereas an installment loan from CashAmericaToday can be paid over three months in several installments- giving a longer term. Besides, the interest rates for payday loans can be a little higher.
In the long run, installment loans can also help boost credit. We accept bad credit and low income level for both types of funding, so choose either of them depending on how much cash you need, and apply now!