Personal Loans vs Longer Term Loans
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Personal Loans vs Longer Term Loans
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Personal Loans works to connect their customers with a reputable, qualified lender that can help with their personal loan needs. Personal Loans provides access to peer to peer loans, personal installment loans, and personal bank loans for customers located in all U.S. States except North Dakota and Maine. For those seeking a loan between $1,000 and $35,000 this company provides a lot of flexibility to suit the needs of many. Unfortunately we were unable to verify the current Better Business Bureau score of Personal Loans.
Personal Loans does require all customers be at least 18 years old, have a social security number, and be a legal U.S. citizen or permanent resident. Additional requirements include full time employment, self-employment or the receipt of Social Security benefits and/or disability. Customers are more likely to be accepted for a personal loan if they have a credit score of at least 580 or greater and a decent payment history.
The current loan rates through Personal Loans are not publicized due to the varying types of loans and number of lenders that are utilized. Requesting a loan at Personal Loans is rather straightforward:
Personal Loans does not charge you, the customer, for the lender connecting process. Any related fees are accessed directly to their lender partners. The website is informative and easy to navigate with the option to email or call if questions occur.
The benefits of working with Personal Loans is the variety of loan options, the quick approval process and the payment turnaround. Despite finding several positive customer reviews online we would have liked to have validated their BBB rating and found more history on the company to feel more confident. However, if you're looking for a personal loan, Personal Loans may be worth looking into when flexibility and speed are important.
Longer Term Loans advertises itself as a service that matches people looking for personal loans of up to $25,000 with "today's top lenders". According to the Important Facts section at the bottom of the page, borrowers can expect these lending partners to have an APR range of 6.59% to 36% for an installment loan of at least 12 months. Of course, because Longer Term Loans is only a matching service, your actual loan amount and interest rate depends solely on the lending partners with whom you may be matched.
Unfortunately, that is the extent of the details provided by Longer Term Loans without actually completing their online application. There is absolutely no contact information provided - no email, phone number, or online contact form. Given that their application requires prospective borrowers to submit not only their Social Security Number but also their bank information (routing number, account number, and bank name), Longer Term Loans should have some way of reassuring their customers that their information will be safeguarded.
We were unable to find any reputation whatsoever for Longer Term Loans: no rating with the Better Business Bureau, no customer reviews, no presence on social media platforms.
For all of these reasons, we recommend you choose a different lending partner for your personal loan needs. Longer Term Loans just doesn't offer enough information to be sure that your personal details will be in good hands after the application is complete.
To help you find the Best Personal Loans, TopConsumerReviews.com provides you with an in-depth comparison of Personal Loans and Longer Term Loans.
Are you in need of some cash? Historically, borrowers have had limited options for a personal loan. You could ask a family member, a friend, or find a personal finance company that offered fixed-rate loans, typically at exobrtantly high interest rates.
Today, however, finding a personal loan brings several more options to the table. While you can still ask a family member, or get a high-rate loan from a finance company, you can also consider using a social lending network. These networks, also called peer-to-peer loans, generally have much lower overhead and as a result can offer much lower interest rates. They're facilitated by professional companies familiar with this type of lending, to simplify things for all parties.
No matter where you borrow money from, before you get your next personal loan you should consider the following:
TopConsumerReviews.com has reviewed and ranked the best online personal loan providers available today. We hope this information helps you find the best loan at an affordable rate that meets your needs!
Personal Loans In The News
Dar es Salaam - Personal loans grew by 56 per cent during the third quarter of this year ended in March from a contraction of 4.9 per cent during the first quarter of last year ended in March. This situation shows how commercial banks are currently ...
Published: Wed, 13 Jun 2018 05:06:00 GMT
Personal loans can be a quick fix for people who need cash in a flash. But with the promises of a nearly instantaneous money infusion, people can be biting off more than they can chew and not even realize it until it is too late. According to www ...
Published: Fri, 20 Apr 2018 06:17:00 GMT
MANGALURU: Banks are deploying credit over-enthusiastically in retail finance like personal loans, credit card overdrafts, vehicle loans etc, while witnessing negative growth in key infrastructure sectors like telecom, power and roads, an ASSOCHAM paper ...
Published: Sun, 20 May 2018 18:05:00 GMT
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