I Need a Loan Review

I Need a Loan ReviewI Need a Loan may have a catchy name, but are they the best place to get a loan? They say that they provide loans from $100 to $5000 and that it is a 100% secure transaction. They say that the loan application is fast and easy to fill out, and let it all happens online with no faxing required. They also say that bad credit ok and they can get you approved the same day. They will directly deposit the cash into your account so you don’t ever have to leave at your home.

These are all very common promises made by lenders of all types, especially payday lenders. They say that they are not a lender themselves but they also say that you should pick a loan from a direct lender. It is a little confusing since they themselves are not a lender, but they are asking you to deal with a direct lender. Perhaps they are saying that they will put you in touch with direct lenders, but that is a job of any matching service out there. You would not want a matching service to put you in touch with another matching service.

There are basically just two types of payday loans companies out there, direct lenders and matching services that will take your application and send it to direct lenders. The advantage of going with a matching services you just have to fill out one application and your information will be submitted to several qualified lenders. The benefit of dealing with a direct lender as you don’t have to wait for a decision or for them to submit your application to the someone else they can give you an answer directly. They will also be the ones that will lend you the money, so it is nice just keeping information secure in one location.

I Need a Loan Review

I Need a Loan specializes in all types of loans so you’re not going to be pigeonholed into one type of loan. This way instead of taking out a $600 payday loan from your local office you can get a larger loan and pay it off in installments rather than having to pay it all back at once. The way payday lenders get you is by making you bring the money back or taking it out of your account on your payday. Often you will need that money in order to make it to your next payday so you’ll have to take out the loan again and pay all the fees again. With an installment loan you can pay it off in smaller pieces while keeping the larger principal in your account and where it needs to be in order to keep you from having another financial emergency.

That’s why we always recommend taking out an installment loan if you can get one instead of a payday loan. Lenders that made the installment loan process easier for borrowers will be the ones that still the most business from payday lenders and cause payday lending to go away completely. There’s no reason why only those with excellent credit should be allowed to take out an installment loan, & perhaps there needs to be some government intervention to create more opportunity for those with bad credit to take out first alone so they can pay off over time.

Security Matters
Once you are on the application page you are on an encrypted page so you don’t have to worry about whether or not you’re in formation will be intercepted by a third party. This is the same level of encryption that you are financial institution will use, and it is nice to see that they have taken the necessary precautions to safeguard your information.

Our Recommendation
I Need a Loan is a unique matching service that can put you in touch with many different types of loans instead of just a payday loan. They can I hope you get personal loans, installment loans, short term loans, and auto title loans. this means they can be a one stop service that will show you all of your different options based on what you qualify for. If you have a qualifying vehicle you can get an auto loan, but if you don’t you may be able to get an installment loan, and if you can’t get that you might be able to get a short term loan. The way they are set up they will put you into the best loan that makes the most sense for you and your current situation.

Add Your Own Experience to Our I Need a Loan Review Below

VN:F [1.9.20_1166]
Rating: 0.0/5 (0 votes cast)
VN:F [1.9.20_1166]
Rating: 0 (from 0 votes)
You May Also Like:

Leave a Comment