Monday, May 2, 2016

What’s Different About Online Lending?

What’s Different About Online Lending?

Compared to traditional bank loans and borrowing from credit cards, online lending offers some distinct advantages. The first and most obvious is that it doesn’t require a good credit score in order to be approved. Both traditional bank loans and of course credit card access are dependent on good credit, so if you don’t have that you’re out of luck. Another is both speed and convenience – the procedures in place at brick-and-mortar bank branches will take days or even longer to get a loan approved and put cash in your hand, and credit cards are faster but you still have to get to the bank during business hours to do it. Online lending combines the best of all possible worlds – speed, simplicity, convenience, and an absolute minimum of red tape like credit checks.

Why Would I Choose Online Lending Instead of Other Options?

Do you work during the day? Or have other responsibilities that keep you from spending time filling out a long loan application, hunting down detailed information and paper financial statements like prior year tax returns, going to the bank during business hours to meet with a loan officer? Most of us are at our jobs, or with our kids, or taking care of other aspects of our lives. What we really need – which online lending offers – is the chance to get a loan quickly and easily when it works for our schedule. For some that might be first thing in the morning, at the kitchen table with our morning coffee, before the rest of the family even wakes up, before the day gets busy. Others of us prefer late at night, after putting the kids to bed and curling up in our favorite living room chair. Still others need to be approved even faster – before the mechanic finishes looking at the car to give us a firm quote, or from the emergency room waiting area, knowing the copayment is due on the way out.

How Do I Apply To Get Cash Through Online Lending?

There are only a few requirements – you need to be a US citizen at least 18 years old, have a job and a bank account and meet the minimum income limits. As long as those are met it doesn’t matter if you have good or bad credit, and you don’t need to provide any documentation or credit references. Pick the time of day that works for you, as well as the location – anywhere with an internet connection works, even if that means applying from your phone. You can use any internet-enabled device you prefer to apply for online lending – the site is designed to look as great on your phone as from a full-sized monitor, and be just as easy to complete the application on. Once you’ve done that, you’ll get a response from our dedicated lenders in less than two minutes, so there’s literally almost no waiting. They will provide you with all the terms and conditions you need to know to decide if the offer being made is right for you, and if it is they make it easy to accept with a built-in electronic signature. The lender will deposit your funds directly to your own bank account, so they’ll be accessible to you as quickly as your particular bank’s clearing processes permit. It’s easy, it’s fast, and it’s as convenient as anyone’s been able to make it!