At Lone Star Cash Services, we can help you get a cash loan quote, even if you have bad credit. All it takes is just a few minutes of your time to fill out a short online quote form. If you are ready to get your answer, why not get started now?

A person who is broke in Hillsboro and needs a payday loan.

Hillsboro Payday & Installment Loans

Depending on your qualifications, you may be offered a payday loan or an installment loan. Both can help you address a money crisis but they are two very different types of loans. Take a minute and get to know these two loan types so you now what you are agreeing to.

Payday Loans

This is what you probably came here looking for in the first place. With a payday loan, you can borrow anywhere from $100 to $1000. If approved, your lender will deposit the money into your account electronically and then withdraw the repayment, plus fees, on the due date.

Loans are generally meant to be repaid in 7 to 14 days or on your next payday. This is the main drawback of a payday loan, it is not for a very long time. If you accept one, you need to make sure that you have the ability to pay it back when it is due. If not, you could end up having to extend the loan and that will cost you more fees.

The fees for a payday loan will vary but in Hillsboro, they tend to be somewhere between $15 and $20 per $100 borrowed. This may not sound like a lot but, because the loans are so short, the interest rate is often over 400 percent.

Installment Loans

An installment loan is much more flexible than a payday loan. It will allow you to borrow much more money, if needed, and you can break the payments down into much more manageable chunks. You can receive one of these loans even if you have bad credit and they fund almost as quickly, inmost cases.

The payment intervals will be set by your lender. Because the loan repayment is broken down into multiple payments, it is generally easier to fit this type of loan into a budget.

Like payday loans, installment loans may still have fees such as an origination fee. They will also have interest and while the overall interest rate will usually be cheaper than with a payday loan, you will be paying the interest for a longer period. This could make the total cost of a loan greater than a payday loan.

Which Is Better?

That is something that you will have to decide. If you just need a couple hundred dollars, a payday loan might be a more convenient option. If you need more money, an installment loan might make it easier to make your loan payments.

Before deciding, get your offer and then examine all of the details of your loan offer. Be sure that the payment or payments fall in line with what you can afford and that the total cost of the loan is reasonable for your situation. The total cost is the total of all payments that you would make if the loan runs to full term.

Why Lone Star Cash Services

Lone Star Cash Services is not a lender. Instead, we give you access to a loan network that is used to dealing with credit that is not perfect. Because there are more lenders, you have an improved chance of getting an approval, even if you have bad credit.

We do not charge you for access to this network. Instead the lenders may pay us a commission if they choose to make you an offer.

The Loan Quote Process

So, here is what happens when you fill out the free quote form.

First, your information will be sent to the loan network. If a lender decides to make you an offer, you will then be directed to their website to complete the loan process.

You will be presented with the loan terms and will have an opportunity to review them. Be sure to take the time to carefully review the terms and make sure they are agreeable.

If you do not like the terms, simply walk away. If you like the terms, you can accept the loan and you will receive your money as soon as the next business day.

Loans IN Hillsboro
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Summary

If you need money and live in Hillsboro, this is worth a read. Learn about loans and alternatives to loans.