On August 15, take a day off from your daily routine, put your feet up and relax because it is Relaxation Day. But what if bills are playing on your mind?
Perhaps you didn’t have the cash on hand to repair your car or your water bill spiked thanks to a leaking pipe. Maybe you didn’t have enough resources to get you through until your next paycheck. Whatever your worries TLC Loans are here to help you this relaxation day!
Avoid the Payday Loan Trap
Payday loans are advertised as a way for people with bad credit to get some quick cash in a pinch. But because Payday loans require repayment the next time you get paid, they are usually forced to take out another payday loan to pay off the first loan; thus, keeping them in an endless payday loan cycle.
There are numerous reasons people get caught up in this destructive cycle, the main one being easy access. It’s not uncommon to find Pay Day Lenders charge fees that yield effective rates between 400% and 5,000% making it easy for a borrower to end up with only the money to pay interest or defaulting on the loan.
Benefits of a Short-Term Loan
Getting a loan with a payday lender could send you down a deep hole that may take years to get out of. Short term loans may be the simple solution to your emergency, here’s why:
- Lower Interest – More and more interest is added to your balance the longer you owe money to the lender. With a shorter term, you will be paying everything back quicker. Therefore, there is less time for interest to accrue.
- Lower stress – Owing money for a long period of time and watching interest amass takes an emotional and psychological toll. With a short-term loan, you will have paid off your debt much quicker and be free of that burden.
- Boost Your Credit Score – Acquiring a short-term loan and paying it off in a timely manner is a good strategy for improving your credit score quickly.
- Quick Money – Short-term multi-pay loans are a perfect way to respond to unexpected emergencies such as car repairs, medical expenses, or travel. In fact, with TLC Loans you’ll receive your loan in your bank account on the next business day!)
Short Term Loans from TLC
Our mission is to provide you with a solution that resolves or bridges your current troubles for an extended period of time and to provide you with a convenient and dependable source for additional cash whenever you need it!
Did you know…
- TLC customers average a year to pay of their loan vs weeks for a Payday loan.
- Interest rates are 200% to 4,800% lower than payday lenders and are highly competitive with other installment lenders.
- The TLC approval process is fast and easy – Once we receive your application, our customer service representatives will contact you to verify your income and employment, you will sign your loan agreement electronically and be all set to receive your funds.
We want to help you unwind this National Relaxation Day! Contact a short-term loan specialist at TLC loans today. Our customer support team is always ready to assist you.