loan Archives - 3 Kids and Us

The Different Loan Uses with Americor Funding

July 27, 2018 by admin

Americor Funding is a popular loan provider in this country and for good reason. Mainly, they are committed to offering superior customer service and to coming up with solutions to help people get out of debt as quickly as possible. One way in which they achieve that is by offering personal loans. These loans can be used in a range of different situations. Whether that is an opportunity to consolidate existing debt, to handle on of life’s emergencies, or to renovate a home, Americor Funding has the solutions in place that people need, when they need them.

Americor Funding Debt Consolidation Loans

One popular solution is the debt consolidation loan. This ensures multiple unsecured debts, such as store and credit cards, are bundled into one. The monthly payment is much lower than the combined payments on all other cards and the repayment term is much lower as well. Uniquely, Americor Funding offers their clients fixed interest rates and a set repayment term. This ensures people know exactly when they will pay and what they will pay for. Indeed, Americor never charges any hidden fees, prepayment fees, application fees, or early repayment fees.

Americor Funding for Home Improvement

Americor’s home improvement loans really stand out from the crowd. They have been designed so that people don’t have to tap into their savings to make their house a home. In fact, they don’t even have to touch their home’s equity in order to complete a project. Instead, they can repair or renovate their home as they see fit, increasing it in value.

If you want to remodel your kitchen, landscape a garden, or turn your basement into an extra room, you will need quite a bit of money. An Americor loan can provide you with that money just as you need it. Without needing to release equity or to refinance, you can buy new furniture, upgrade your kitchen and its appliances, set up a new home security system in your home, and so on.

Of importance is the fact that these loans are not home equity loans. With the latter, you use your home’s value as collateral for loan. Hence, if the value of your property goes down, you may not be able to get a loan at all, even if you otherwise qualify. Americor Funding looks at the credit worthiness of the individual, not of the property. This is also why, if you are accepted, the funds will go into your bank account, meaning you can use them as you see fit.

Americor Funding for Unexpected Expenses

Lastly, Americor is happy to help when people face an unexpected emergency. These emergencies are always hard to prepare for and most people simply don’t have the savings available to manage them. Americor provides emergency loans, however, that are perfect for these situations, whether it is a wedding of a long lost close friend or the death of a parent, a broken roof or a broken car. Help is out there.

Your Ultimate Guide to No Credit Check Loans

May 2, 2018 by admin

Do you need a personal loan, but your credit is bad? Check out this ultimate guide to no credit check loans and how to get one for yourself.

Do you have a bad credit history?

Are you worried that no one will give you a loan? Are you wondering if you are eligible for no credit check loans?

If you were nodding your head in agreement or saying yes to any of these questions, then you are reading the right post.

Getting a loan when you have a bad credit history can be tricky, but it’s not impossible.

Here are some tips that will help you to secure a loan as quickly as possible.

1. What Types Of No Credit Check Loans Can I Get?

In order to increase your chances of getting a loan when you have bad credit, you must know exactly what types of loans are available to you.

Knowing your options will help you to make an informed decision.

Here is a rundown of three of your best options, how they work and what they can offer you.

Payday Loans

These loans can be taken out online. They are also referred to as a cash advance or pay advance loan. Although they started out as loans that people would take out and pay off once they got paid, they have evolved.

Payday loans are no longer just associated with a borrower’s payday, since they can now be requested and paid off on days other than a payday.

The key features of these loans are:

Short term payback
Requires no security
Pays out small amounts

Lenders will usually not do much digging into your credit history for these loans. They usually just want proof that you have a job.

Payday loans are a great choice if you find yourself needing small amounts of cash for urgent needs.

Installment Loans

Installment loans are no credit check loans that offer larger amounts than a payday loan. These loans will give you a longer period to pay off what is owed.

This type of loan will suit you, if you have a large bill for home maintenance, medical bills, tuition fees or any sizable emergency expense.

The key features of this loan are:

longer payback times
Higher interest rates
large amounts to borrow

You will need to present proof that you have a steady income and you will also need to show that you have a valid checking account.

Line Of Credit Loans

Even if you have bad credit many lenders will give you a line of credit. A line of credit involves getting a set amount from which you can borrow at different times.

These are great no credit check loans because no payments will be due until you actually make a withdrawal from the line of credit.

Here are the key advantages of this type of loan:

Flexibility to use as you choose
Available whenever you need it
Ability to gauge interest rates based on how much you borrow

If you prove to your lender that you are responsible, it might even be possible to extend your line of credit, if the need arises.

2. How Can You Be Sure You Will Qualify For A Loan?

Now that you know the different types of loans that are available, you may be wondering if you can actually qualify for a loan.

Every lender is different but there are certain basic requirements that are necessary. Here is a look at the most common ones:

Age

You must be at least eighteen years of age in order to get a loan. It doesn’t matter which state you live in, you cannot get a loan if you are under eighteen years of age.

Employed

You must be employed. The minimum for some lenders is one month of employment.

However, don’t be surprised if there are lenders who refuse to give you a loan unless you have been working for six months or more. Every lender is different.

Checking Account

A checking account is necessary if you want your lenders to feel more secure about giving you one of their no credit check loans. They will need to know you can pay off your debts.

Citizenship

If you are not a citizen or at least a permanent resident of the United States, then it will be impossible to get the loan. This is one requirement that is legally binding and no legitimate lender can get around it.

Now that you know the basic requirements, the next best thing you can do in your quest for a no credit check loan is to shop around.

Look into the various options offered by each lender and create a list of your needs. Compare and contrast each offer with your most urgent needs.

This will help you to make the right choice.

3. What Fees Will I Have To Pay?

Now that you know about the types of no credit check loans and the requirements for each, you are probably wondering about fees.

These are the major fees that you should know about:

Establishment Fees

These fees are unavoidable and they usually take about twenty percent of the actual loan.

When you decide to borrow you should take this into consideration especially if you need a certain amount. Always factor in the removal of the establishment fees.

Accounting Fees

These fees may vary but you can look to pay at least four percent per month.

Government fees

This is a fixed amount that is paid. However, if you get lucky you might find a lender who pays this fee for you.

Default Fees

If you fail to repay the loan you will incur a penalty which usually means additional amounts will be added to what you owe.

Final Thoughts

Having a bad credit history can make it seem impossible to get a loan. If you desperately need the money, you may find yourself feeling extremely worried.

Fortunately, the options discussed here are easy to access. However, the most important thing you can do, if you have the time, is to compare the pros and the cons of taking the loan from each lender.

Make sure that you are doing what is best for you in the long run, no matter how pressing the need is. If you would like more advice on financial matters, check out our blog where we give you practical advice on how to make your money work for you.

Borrowing Money When You Have Bad Credit

January 17, 2018 by admin

If you are having financial problems, you are going to want to tread very carefully. There is an opportunity to get yourself into even more trouble. There is a chance that you can go even further down the rabbit hole and find yourself in a situation where you are going to need to find a way to get money.

Maybe getting that money will mean that you are able to pay off your debt, the problem is that if you have bad credit, you might not be able to get that loan. The good news is that there are loan options you can get that will be willing to allow you to borrow money with a low credit score. The drawback for some is that the low credit score means your interest rate is going to be higher than you might see from a bank. However, looking for a personal loan for bad credit is an option on the table worth considering when few others exist.

You’re going to need to keep close tabs on what you owe and you should absolutely make sure that if you take out this kind of loan, the goal should be paying it off as soon as possible. The good news is that the companies who give out these kinds of loans tend to understand that cash flow is a problem. That means that the companies tend to give you loans that will allow you to not have to pay off at one time more than you can afford.

When you want to borrow with a low credit score and not have to pay higher interest rates, there is another way around. You can go get a cosigner that will boast a better credit score that can help you out. You will be able to get some money that will help you pay off what you owe and you won’t have to worry about paying the money back sooner than you would like.

These kinds of loans can be used to help you pay off your mortgage. They can be used to help you pay off your utility bill. The good thing about these kinds of loans is that there isn’t a standard reason for why you need it. You can take out one of these loans and go buy Christmas presents if that’s how you want to use it. Or, they can be used to cover the costs of an emergency repair job. There is very little doubt that you can use that money however you need it.

It’s important to know that you should use this money in a way which does not result in more debt. That’s just good practice no matter what kind of loan you are taking out because you don’t want to end up exacerbating your problems by going into deeper debt in the long run.

Most of these companies understand that they are going to be giving money to people who only need a bit of a financial boost. You should be looking at this as a kind of extra boost for a short period of time, but you should never start looking at these kinds of loans as a long-term solution. You need to get yourself moving in the right direction financially eventually. These short-term loans can help you get pointed in the right direction, but at some point, you need to get yourself moving in that right direction all by yourself.