How long does the application process take. What if I have bad credit. How do I decide if a Spotloan is right for me. Consumers have multiple types of loans from which to choose, including home loans, car loans, credit card advances, and home equity loans.
Online installment loans are designed to help when you need a short-term loan fast and have bad credit or even no credit. Consider an online installment loan if youre short on money, dont have other credit options, and need help with expenses.
The application process is fast as it is done completely online.
The terms and definitions that follow are meant to give simple, informal meaning for words and phrases you may see on our Web site that may not be familiar to you. The specific meaning of a term or phrase will depend on where and how it is used, because the relevant payday loans richmond road lexington ky, including signed agreements, customer disclosures, internal Program policy manuals and industry usage, will control meaning in a particular context.
The terms and definitions that follow have no binding effect for purposes of any contracts or other transactions with us. Your Campus Housing Programs Representative or the Office of Loan Programs staff will be happy to answer any specific questions you may have.
To find a definition, click the first letter of the term. A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z. ACH: (see Automated Clearing House) Amortization: Loan payments by equal periodic amounts calculated to pay off the debt at the end of a fixed period, including accrued interest on the outstanding balance. Amortized Loan: A loan to be repaid, by a series of regular installments of principal and interest, that are equal or nearly equal, without any special balloon payment prior to maturity.
Pay close attention to fees and consequences of nonpayment. Will the company allow you to make arrangements if you cannot pay. Keep your documentation. Many consumers said they started receiving calls from collections agencies years after they paid off a payday loan. Some of these calls were simple errors; others were attempts by scammers to collect a debt that is not owed. Protect yourself by having documentation that all loans were paid in full.
Know where to turn.