If so, as long as you don't have a record of
defaulting on short term loans, your chances of approval are excellent.
However, those who currently have out more payday loans then their income can support or have
defaulted on a short term loan in the recent past will likely get turned down.
Not exact matches
Liquidity: The mere prospect of
default is having an impact
on the $ 5 trillion repo market, where big banks and investors get
short -
term loans using their holdings of Treasury securities, mostly T - bills, as collateral.
When a lender like us at Easy Choice Lending takes your title, they place a
short -
term lien
on it to enable them to seize your vehicle and sell it in the event you
default on your
loan.
Combined with the fact that you pay the
short term gains taxrate
on the interest no matter what and at best you get a capital loss when a
loan goes into
default means the 6 - 9 % Lending Club claims investors average is probably closer to something like 3 - 5 % after the unfavorable tax treatment.
No matter what your credit score, if you meet the qualifications and have not
defaulted on any similar
short term loans, you will almost certainly be approved for cash
loans in one hour.
Income - driven plans are a good
short -
term option to manage your cash flow and avoid
defaulting on your
loans.
As long as your monthly income meets the requirements and you don't have a history of
defaulting on short -
term payday
loans, you're almost certain to be approved!
Prime rate is the
short -
term interest rate charged by a lender to customers who are the least likely to
default on their
loans.
Since it's a
short term loan, it's reasonable to expect that your circumstances won't change much if at all during the
term of the
loan, so the fact that your income is sufficient to repay the amount borrowed — and as long as you don't have a record of
defaulting on similar
short -
term loans — is all the lenders need to know.
The interest rate you pay
on the
short term loan is much more desirable than years at a
default annual percentage rate with your credit card company.