Medical bills, utility bills, grocery bills – everyone has them, but not everyone can pay for theirs. A streak of financial bad luck can mean making payments to your bills is an optimistic if not impractical goal. Yet the impossibility of repayment doesn’t change the fact that money is still due, and interest and late fees will be added to what you owe should you pay late. If you want to avoid late penalties and pay off your bills on time, you need the help of a line of credit. With a line of credit at your disposal, you can choose when and how to spend your money as you receive your bills.
Many Americans fail to take advantage of lines of credit, as they think their poor credit scores and unfortunate financial status disqualifies them from applying. This might be the case if you were only to contact your bank for a line of credit. Financial institutions will review your financial records, credit scores, and current financial standing before they even consider dispensing a loan. Those that don’t meet their criteria will have their application denied. It’s a process that takes far too long, especially if you waste a week (or more) only to receive a ‘no’.
Luckily, for those who need money fast despite their poor credit scores, there’s a quick and simple way to obtain a line of credit. Credited direct online lenders understand the mental, physical, and emotional hardship of needing money and having nowhere and no one to turn to, so they’ve made it so that nearly everyone can receive the loan that they require. Poor credit scores or poor financial history won’t disqualify you.You can apply as long as you’re an American citizen over the age of 18 with an income, email address, and bank account.
More importantly, by virtue of being an online lender, their process won’t take very long. From the comfort of your own home, you can apply and see if you qualify. Once approved, you’ll have a line of credit amounting to anywhere between $200 and $1,000 in as little as one business day. This loan is to be used as you like, on any of your upcoming bills or responsibilities. And since it’s a line of credit, you only have to pay interest and a minimum payment on the amount used, never on the total itself until you have the funds available.
The online community has its fair share of pitfalls, so it’s important that you know how to discern the trustworthy direct online lenders from those that aren’t. The lender you choose should be legally allowed to do business in your state, so they should have a license to issue small dollar loans where you live. This will make sure that their rates and fees are in accordance with your government’s laws. They should also be an active member of lendingorganizations, such as the Online Lender’s Alliance (OLA) and the Community Financial Service Association of America (CFSA).
Since you’ll be entering some of your personal information, the lender you choose should also employ the appropriate online security to safeguard your confidential data. Not every online business will invest enough time, expertise, and money to defend your information, so it’s important to check the website of each state licensed lender. Find the page that explains the security measures they’ve taken. When you secure a line of credit through MoneyKey, you’ll see that your information is protected by state of the art secure socket layer (SSL) encryption, Verified Site Certificates, and advanced firewalls. That’s in addition to physical security that will constantly monitor their protection services, to ensure your financial information stays safe from malware and other security breaches.
It can be difficult to realize that you need a little extra help when paying your bills, but getting a secured line of credit from a state licensed lender can make borrowing money a little easier. With fast and efficient loans you can pay all of your bills on time.