Clear Creek Lending Review

Clear Creek Lending ReviewClear Creek Lending says they can loan up to $2500 and that they have flexible terms, so they sound like the sort of loan that could be used to help right the ship financially and solve any immediate cash problems.

When things are looking pretty bleak and you need a lump sum of cash to get you through a rough spell, you have to be careful that you don’t make decisions out of desperation and get yourself into worse trouble. All too often that’s what borrowers do with payday loans. That’s why loans like the ones offered by Clear Creek are worth checking out with more detail to see if it makes sense for you.

Each person should check out the numbers for the specific circumstances, and if it seems like it makes sense then you should go for the loan. But if you’re going to spend a few hundred dollars or more just to get out of a financial jam, it may only create more hardship for you. No matter which way you go, it’s going to cost more to borrow this kind of money than if you went with a traditional bank loan, but all too often banks will not lend money to consumers that don’t fit their stringent criteria.

Clear Creek Lending Review – Features and Benefits

If you find yourself in this situation and think that a loan from Clear Creek Lending may be just the thing you need, then you owe it to yourself to get a custom quote from them based on your data. See how much you’re able to borrow and at what rate. Be sure to look at how many payments you’ll end up making, and what the total adds up to before you go through with the loan. It may look pretty attractive to have payments under $100, but when you tally it all up and find out that you’re paying back a lot more than you borrowed, it starts to become clear.

American Web Loan
They say that they’re now part of the American Web Loan family, and it appears that they are no longer giving out their own loans, but rather are simply sending you over to the other website to apply. Either they got bought out or they were going out of business and have a deal set up with AWL to send all new customers over to them. Returning customers can still log in through a special button on the site.

No Early Payment Penalty
One thing you want to definitely be on the lookout for when you take out a loan that has flexible payments is whether or not there’s a penalty for paying it back early. If that’s the case then you really can’t win, because if you pay it back early you get penalized, and if you stick to the payment plan you end up paying lots more. That’s why it’s important to get in on a loan that has no early payment penalty so that you have greater control over when you pay it back.

By paying your loan off early you can generally expect to pay less than you would have if you would have stuck to the repayment schedule. So if you get enough cash to pay it all back, either from a tax refund or other winfall, you can get that monkey off your back and stop making monthly payments. For example, if you were paying $100 a month and you still had 10 more monthly payments, but you could pay off the entire balance for $700, you can essentially save $300 by paying your loan off completely and not following through with the payments. An early payment penalty tries to negate those savings.

Our Recommendation
Clear Creek Lending is one of the better choices you can make when it comes to taking out a loan to solve any financial problems. They have teamed up with American Web Loan now and seem to have merged over to their application page for any future transactions. This allows them to offer the same type of loan, but partner up with a bigger lender for a better borrowing experience.

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