Having a steady job can get you a 2500 installment loan approved, with low monthly payments. Note that your credit rating is not that important so if you have various financial problems in the past, you can still get financing to put things back on track.
For example, Anna is a young, single mother who has two children who needs some extra cash to deal with leaking pipes, a new heater at home and late credit card bills. Her mother is not working and looks after the children. Anna makes about $2000 a month and is just enough for family expenses. Comparatively, there are more borrowers with lesser family support and a low fee loan that can be paid over a few months.
The main purpose of getting this $2500 installment loan is for her to pay down credit card bills and the home makeover. This can help to keep her borrowing/repayment history clean so that she can continue to borrow at a cheaper APR. Furthermore, the interest costs on her card balances is hurting her finances and should be replaced with more affordable financing.
You can borrow 500 to 2500 dollars and you can also choose a payment period from 1 to 12 months, depending on the lenders you have access to. A longer deadline means smaller monthly payments and is more affordable for most people. That is why they prefer such arrangements and not payday loans with short 30 day terms. You may not be aware that there are legitimate nonbank lenders who can provide installment loans for 2 to 3 year periods, with low interest rate payback options.
Anna wanted a loan she can pay slowly via monthly installment, something with a reasonable APR that cost her more than her current situation. She does not want a payday loan or any other predatory lenders with a bad reputation. Yes, she kept emphasizing she wants an installment loan for single mothers not a payday loan. However, her weak FICO score means she will not be able to get financing support from big banks she trust.
We work with large established U.S. lending companies that can provide larger $2500 dollar loans you can pay monthly. Many people come to us after rejecting offers from online payday loan lenders. Often we hear people that want loans for single mothers, and quite a number are looking for $4000 and $5000 loans as well. Its simply because a lot of online sites will not lend over $1000 dollars.
So we find several lenders with low monthly payments for Anna, and she can take her time to choose from one of these. There is no need to worry about getting ripped off or scammed by predatory lenders. No upfront fees here and you are free to turn down their offers if the terms are not enticing.
For all single moms who really need a loan badly, get in touch with us now via our main website. We can help you get money to pay bills and avoid getting evicted etc. If you need a lender who allow you to give monthly payments from your employment income, check out the online installment loan offers. Compare the lending fees and accept the offer only if you find a 2500 dollar loan you can get today.