Category Archives

Archive of posts published in the category: Loan
Nov
28

Fixing Bad or Low Credit Scores? Continental Finance is a No Go!

fix bad credit scoreOkay, so I admit that I don’t have the best credit. Years of immature decisions, shopping trips at Macy’s in college and other wasteful endeavors, have led me to the point of needing credit repair. So when I received an offer in my email box to improve my credit rating, I jumped at the chance. Unfortunately, I should have hit delete! Consumers beware: Continental Finance does not have your best interest at heart.

Let’s start with the fees. When I first opened this account my limit was 300 bucks..not a ton, but a huge help for a student and a mommy (such as myself). Once all of the fees were processed, i was left with a limit of 53 dollars (there is an account set up fee for $99, a participation fee for $89 and an account maintenance fee for $49). So that we always remember how much they care, our friends at Continental Finance also charge an annual fee of $120 that is billed to your statement on a monthly basis. Oh and don’t forget your 30 dollar over limit fee!

Besides outrageous fees, Continental Finance has the worst customer service I have ever come across. The operators are rude, loud and obnoxious. Too many times my phone calls have been met with loud crunching sounds, blaring television sets and even babies crying. The company also feels the need to call you 5 to 6 times daily to remind you that you went over your limit, even if the bill is not due for two weeks and even if they reminded you the day before. Problems with your card? Suspect fraud? Ha! Try to find an operator to discuss credit card issues and see if you speak to a live person within 45 minutes. Oh the virtues of this company…will they ever cease to amaze?!

One card that I do like, nonetheless, is Capitol One’s Master Card. Even if your credit is not perfect, the company treats you with respect and dignity. Unlike Continental Finance, you do not have to pay a huge monthly minimum fee (Continental makes you pay at least 50 bucks a month, even if your bill is only $60). The customer service is just like any other credit card company’s service–prompt and polite. It also probably doesn’t hurt that Capitol One is a major company (so they probably won’t put you through as much nonsense as Continental Finance).

Obviously, the lesson of this story is to try and keep your credit score as high as possible. However, if your credit needs help, please learn from me and do not utilize Continental Finance. Try other companies (such as Capitol One) where you are treated like any other person who is in possession of a credit card. Just because you made some mistakes in the past, does not mean you have to put up with ill treatment in the present and in the future.

Oct
3

The Advantages of Online No Credit Check Installment Loans

no-credit-check-installment-loansMaking ends meet every month is a constant struggle, especially if you have bad credit. This is why online no credit check installment loans are becoming more popular. Unless you can borrow money from family or get it through some other means, online installment loans with no credit check might be your best bet. As long as you have a plan in place to pay the money back, borrowing a lump sum of money could be just what you need to get back on your feet again.

All About No Credit Check Installment Loans: What You Need to Know

If you’re interested in no credit check installment loans, we have the information you need. No credit check installment loans allow you to borrow a specific amount of money that you will later repay with a series of set payments. These payments almost always occur monthly. Life throws all sorts of curveballs your way, and thanks to these loans, those with less-than-perfect credit will have a chance of handling things properly.

Applying for no credit check installment loans online can help you handle life’s emergencies, such as:

  • An unexpected automotive breakdown.
  • Serious medical problems that you were not prepared for.
  • Household emergencies that need to be handled right away, including clogged sewage lines, broken water heaters, or air conditioning repair.

Online No Credit Check Installment Loans: The Option for People with Bad Credit

The benefit of no credit check installment loans is that they are suitable for those with bad credit scores. Banks and credit unions always check with the three main credit agencies before approving your loan. With no credit check installment loans, you won’t have to deal with this worry.

There could be a number of reasons that you have bad credit, and many of them might not be your fault. No matter why you’re in your situation, one thing is certain: You still need money to survive right now. When you avoid having to wait on credit checks or waste time filling out a huge pile of paperwork, getting your loan is easier.

Applying for No Credit Check Installment Loans: Keeping Your Budget in Mind

If you have bad credit, you already know what a downward spiral it can be. You have bad credit, which makes managing your finances difficult. When managing your finances is difficult, you may get behind on bills, which continues to worsen your bad credit and make it harder to get loans in the future. However, this doesn’t mean that you shouldn’t apply for installment loans with no credit check when you really need the money.

In certain situations, it’s far better to get the loan than to go without. For example, if your car breaks down and you have no way to get to work, you could lose your job. If you get a loan and get your car fixed, you will have debt to pay off, but you will also still have income. It’s up to every individual to manage his or her budget and come up with a trustworthy plan to pay back the debt from installment loans. Always take a realistic look at your budget to determine the pros and cons of taking out a loan at this time.

Installment Loans with No Credit Check: How to Ensure You Will Qualify

While these lenders won’t do a credit check, they will most likely look at your income to ensure you have the ability to make your installment payments.

Other qualifying factors for no credit check installment loans include:

  • Maintaining employment for the previous month.
  • Having a valid checking account.
  • Being 18 or older and a permanent resident or citizen of the United States.

Installment Loans No Credit Check: Land a Job First

Unfortunately, employment is almost always required for no credit check installment loans. While it’s true that the unemployed need money more than anyone else, most lenders simply won’t take a chance on someone who has no current ability to pay back the loan. If you’re unemployed, it might be better to look into state benefits versus applying for no credit check installment loans. Your main focus right now should be getting a job and getting your income back where it needs to be. That said, once you have a job and maintain it for a month, it makes sense to apply for no credit check installment loans to provide yourself with any of the uniforms, tools or other supplies you might need.

Dec
21

Cash Loans

Cash loans, or payday loans, are great and there are many reasons why they are great. You should know what some of these reasons are before you apply for one. With that said, continue to read on to find out why these loans are great and why you should apply for one.

The main benefit is how easy they are to get. You can fill an application out, submit it and find out whether you are approved, all within 20-30 minutes. It’s not necessary to wait around hours on end or days on end to find out if you’re approved, which is usually what happens with many traditional loan applications.

Cash Loans

Payday loans are quite secure and most lenders don’t share your information. Most lenders make getting a loan a straightforward process, which means you just need to follow the instructions the lender gives you, such as filling out the application in its entirety, and submit the application. Payday lenders tend to take security very seriously, which means you can have peace of mind knowing that the lender you apply with will keep your information safe and secured.

Perhaps the best thing about payday loans is the amount of money you can borrow. The amount you will qualify for depends on various things, such as how much money you earn, whether you are a new or returning customer and things of that nature. Generally speaking, you can usually apply and get approved for a few hundred dollars, if you meet all of the lender’s criteria.

Cash loans are obtained via an online lender. Don’t apply with any old lender, as you want to get a loan from a company that is reputable and one that provides excellent customer service. With that said, all you have to do now is find a good payday lender, apply for a loan and wait to see if you get approved.

Dec
21

Payday Loans

Payday LoansYears ago, payday loans seemed to be on the way out in a way. While many people were still getting these loans, the industry was taking a big hit because so many people were calling them out on terms and conditions. Throw into the mix that there was quite a bit of competition out there, and it was hard for the payday loans to fight both of those battles.

Then came a readjustment of sorts as how payday loan companies operated and what they offered started to change. While it appears they changed for the better, the terms and conditions still come with steep interest rates. Most of the companies now spread the payments out over time, however, which makes it to where not as many customers default on a loan.

They do actually pay more interest than if they were to pay the loan off the next week. It’s like the loan companies were allowed to let go of that demand and still keep the high interest rates. Additionally, the loan companies mostly operate online, and they have also continued to find ways to get the funds to their customers faster.

If you’re still looking for that traditional loan to help supplement your payday, you can choose to get one instead of an installment loan. Even some of the older companies were offering ways for customers to pay down their balances in installments. It’s up to you how you want to handle the loans, but they have picked up momentum and are here to stay.

In fact, more and more companies have popped up, and it seems as though they will continue to find ways to reinvent themselves. If you’re a little out of touch when it comes to these loans, see what you can find by checking out the different companies.