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Sep 28, 2017 - 34 minute read

Why are personal loans so hard to get

Another large expense is debt. Carrying debt is expensive, with interest rates, charges, fees, penalties and annual dues. Figure out how to pay off your credit cards and other loans. Focus on the highest interest rate debts first and call your lenders to ask for a rate reduction. Consider transferring debt to no interest rate cards - but read the fine print carefully. If you are overwhelmed, you can look into credit counseling services or debt consolidation.

Make sure you research your options carefully to find a company that has your best interest at heart. Although these big changes can be overwhelming, they will have a big impact.

However, there are small daily changes you can make to create a brighter financial future. Think about why you are in a bind and need to borrow money now.

Why are personal loans so hard to get

Are you looking for some quick cash. You might try to get a payday loan, which can be obtained in just one hour. This might be the fastest, not necessarily the best way to get cash immediately. If you meet the requirements of a lender, you should get the money you need very quickly. Requirements for Cash Advance. Different lenders have different requirements regarding your credit. Some lending companies might ask for additional info, but normally payday lenders will need the most basic personal details including your name, date of birth, employment info, income, and your account details (where they will deposit the loan).

Payday loans online are secured against your income, therefore being employed is crucial.

Why are personal loans so hard to get

In-store cash pickup is subject to approval pursuant to standard underwriting criteria. In-store cash pickup not available in all states. Online loans not available in all states.

Terms and conditions apply. All checks subject to approval. Online Services. Store Services.

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