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An instant loan is a short-term loan that’s typically for a small amount of money and comes with high interest rates and fees. Often, people turn to them because they are facing an emergency ...
Car title loans use your car’s title as collateral for a short-term, high-interest loan. If you don’t repay the loan on time, the lender can repossess your vehicle, which means you lose an ...
These loans are short-term options that have repayment periods of 15 to 30 days. Most are single-payment loans, which means you pay the entire back, plus fees, on the due date. Some title lenders ...
Benefits of short-term loans. A short-term loan may seem attractive for these reasons: Rapid approval timeline: The approval process for short-term loans is often very fast. You simply submit your ...
Loan amount: $500 to $15,000 in most states. Interest rate: 36% to 179.50% APR. Fees: 5% origination fee in most states. Time to fund: As soon as one business day. Alternative Short-Term Loan for ...
Individuals seeking an inexpensive, short-term loan. Personal line of credit. ... Cash advance apps: These apps also let you access fast cash, usually up to $250, until payday. Most lenders charge ...
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