Quick loans

[Italkcash Newsfeed]

Quick loans has shown to be expanding as the banks are tighten the credits requirement. The question is then. Where do we get the best loans and the best credits? Who has be best interest rates and terms?

[Sweetvtmom]

Are quick loans the same as payday loans?

I have used them--actually I am currently paying back a pay day loan. I tell myself every time I have one that I will never use one again because I pay back so much more money than what I actually borrow--but then something happens and because it is there--I take it.

My suggestion to anybody who wants a quick loan---try really really hard to figure something else out before you go that route--it costs lost in the long run.

[elvenrunelord]

The easier to get the loan the more unreasonable the interest will be. Your better off building solid credit and getting your loans from a bank. If you can't you don't need credit anyway.

[Ms_Margaret]

Originally Posted by Doc_offshore

Quick loans has shown to be expanding as the banks are tighten the credits requirement. The question is then. Where do we get the best loans and the best credits? Who has be best interest rates and terms?

If you are looking for a Quick Loan, then you are asking for a Payday Loan. I agree with 'SweetvtMom' that payday loans are very costly. But also to be very clear they are meant for a specific reason. You have to make sure that if you can repay it back in the desired time before 30 days. If not then you probably must not go for a payday loan.

These loans are meant for a specific purpose like medical emergencies, car breakdown, bill payments etc and when your payday is very far off. Also the motive of payday loan is that you have to pay it back as soon as you get you salary on the payday.

Individuals are smart enough these days to make out themselves that which loan product is good for them are which is not.

Regards...........

[Ms_Margaret]

Originally Posted by Sweetvtmom

Are quick loans the same as payday loans?

I have used them--actually I am currently paying back a pay day loan. I tell myself every time I have one that I will never use one again because I pay back so much more money than what I actually borrow--but then something happens and because it is there--I take it.

My suggestion to anybody who wants a quick loan---try really really hard to figure something else out before you go that route--it costs lost in the long run.

Actually these loans are meant for a specific purpose and emergencies and also no credit check is required. Thats the basic reason that these loans are costlier than other loans. But despite of this, it is a good thing to get you out of the financial emergencies.

Even i suggest people to have the payday loans as a last resort, but if you are in real emergencies, these can really lead you to a rescue.

Be sure that you repay these loans with your next payday itself, otherwise you could land up paying more towards interest and charges.

[pboot]

Originally Posted by Ms_Margaret

Individuals are smart enough these days to make out themselves that which loan product is good for them are which is not.

Regards...........

I truly hope that you do not believe this statement to be correct.

[Ms_Margaret]

Originally Posted by pboot

I truly hope that you do not believe this statement to be correct.

I truly believe this to be correct. I you are to borrow money from someone then you should be very smart to go through all the terms and conditions before you get into the debt trap. If you actually need it, then you should go for it. You are the best person to determine what type of loan or financial assistance you need and can afford.

[Evette Bobbi]

There is no place to get a really quick loan that is legit. You'll have to go to family or friends. I'm in the business and it just doesn't happen fast, there is too much paperwork even if they say there isn't. Good Luck! O' Last choice is a loan shark!

[ricky028]

Certainly payday loans are not there to use them again and again. It’s important to know what you can afford and don't over extend yourself as it will just put yourself further in debt. These loans can be a great helpful in few tough times, but use them intelligently.