Emergencies happen all of the time and sometimes, we do not have the money to cover them. If this is your problem, we may be able to help you and with something better than a payday loan. Even if you have bad credit, you may be able to get an offer on an installment loan. It could give you more money and more time to pay it back. Get your offer now, it takes just a few minutes.

A person in Midlothian getting a loan offer on a computer.

More Money & Better Loan Terms

Payday loans can be a big problem. Sure, they can get you money in a hurry but that is all they do for you. They come with some great costs that make them an unwise choice except as a last resort.

The Cost Of A Payday Loan

First and foremost, they are expensive. The APR or Annual Percentage Rate for a payday loan can be well over 600 percent in many cases. With a fee of around $20 per $100 borrowed and the short loan terms, the effective interest is very high and they are the most expensive way to borrow money in the country.

The second problem with the payday loan is the length of the loan term. You have to pay it back when you get paid next. This can be anywhere from 7 to 14 days away. If you are having trouble making ends meet in Midlothian, how likely are you to be caught up in that short of a time period? Not very likely, which means that you will have to extend your loan. And, that will cost you a whole new set of loan fees.

As you can see, the cost of these loans is high.

What About Installment Loans

Installment loans are easier to handle than payday loans. Like all loans with bad credit, they are expensive, but you will soon see that they have many advantages over a cash advance.

The biggest advantage to one of these loans is the length of the loan. You get to break it up into multiple installments. The number of the installments will depend on your lender and the amount of money that you borrow. In any case, it is much easier than having to pay the entire loan back in one lump sum. The extra time will allow you to get your affairs in order in Midlothian.

Another advantage is that the APR will generally be lower. Nobody wants to pay high interest and while the interest will be high on bad credit loans, it is usually nowhere near what a payday loan would have cost you. Keep in mind though, that while the APR may be lower, you will be paying it for a longer time with an installment loan. This might make the overall cost of the loan higher.

Getting Your Loan Quote

A loan offer is just a few minute away with the help of Lone Star Cash Services. We make it nice and easy for you to get an offer. This is because we are not a direct lender. Instead, we get you access to a large network of lenders. This makes it easier to get an approval, even with a bad credit score. While we can not guarantee an approval, more lenders equals better approval odds.

Here is how it works.

Fill Out The Form

First, you will need to fill out the short form at the top of the page. No worries, the website and the form are secure. Enter your details and your banking information so that your money can get to you via an electronic deposit.

Submit Your Form

When all is good, submit your form. It is best to proof read everything first, just to make sure that there are no delays in the future.

Wait For Your Offer

Luckily, it will not take long to get this offer. Most of the time in Midlothian, you will get your answer in minutes. If approved, you will typically be forwarded to the individual lenders website to complete the process.

Get Your Money

If you were approved and accepted the loan offer, your money will be electronically deposited into your checking account. This can happen as soon as the next bank business day but deposits can be delayed for a variety of reasons. Don’t worry though, your lender will try to get you your money ASAP.

Ready To Get Your Quote On A Payday Loan Alternative?

Now that you know how everything works, why not get started. The quote is at the top of the page and quotes are free and secure. There is also no obligation so if you do not like your offer, you can just walk away. It can not be any easier than that.

If you have any questions, please feel free to contact us with the form linked to from the top of the page.

If you have questions abut a loan or loan offer you received, please contact your individual lender.