5 Crucial Factors For Choosing A Cash Advance Loan
Looking to get your hands on a cash advance loan? Check out these 5 important tips before making your choice.
Having a cash advance loan means you get to sidestep the struggles and worries of not making your payments on time. And for those looking to get a car title loan, it could be a make-or-break decision for their future car ownership.
But not all cash advance loans are prepared the same way. Here are five important tips to remember when you’re deciding on which loan company to choose for your needs.
What To Look For In a Cash Advance Loan
1. Are Funds Made Instantly Available?
This one should seem like a no-brainer, but you might need to scroll through your options for cash advance loans that provide a same-day service. For example, some car title loan companies may require extra time to perform a credit or background check. If you need financial help in an instant, make sure you look for a company that can provide you immediate assistance.
2. Interest Rates
It’s always a best policy to have a financial schedule prepared for when (and how) you’ll be able to pay back your cash advance loan. Keep the interest rates in mind when deciding on your next step. You’ll find that some companies try to be competitive by offering lower percentages, meaning you’ll have less to pay back over your term. Speaking of terms…
3. Flexible Terms
Thinking you might need to stretch out your car title loan for a while longer? Take a look at what each competitor offers in regards to setting terms. This goes hand-in-hand with your interest rate research. You’ll want to choose an option that best represents how much you’ll be able to pay back each month, without having to fret over the length of the payments compounding stressful interest.
4. Early Payment Fees
If you’re finding a huge success with your job over the course of the next several months, you might feel inclined to start paying off those debts. But be warned and read the fine print – some companies may include additional fees for paying off your loan before the end of its term. Try to find one that allows you the flexibility to move past the payments when you’re financially stable enough to make that decision.
5. Positive Customer Service
No one likes a “loan shark,” or an individual that refuses to work with you on reasonable terms. Choose a company with a reputable service team, who is willing to take the steps with you to finding the perfect cash advance loans for your needs. Take a look at their history of offering solutions for repayment as well, by seeing what people have said in reviews or through word of mouth.
Have any tips for picking the perfect advance loan company? Let us know! We can also be the loan company you’ve been looking for. Just give us a call at 1-855-653-5448