WHEN TO USE THIS TYPE OF LENDING ?
Most of us can’t afford to pay for unexpected bills out of our regular income, especially if one is living pay check to pay check. Instead we need to borrow the money. Then a line of credit might be the answer. We completely understand that when struck by an emergency cash crunch it is very vital to find a straight forward lending solution quickly, which is why our personal process is designed to give you an approval decision as quickly as possible.
ADVANTAGES OF A LINE OF CREDIT !
The biggest advantage of taking out a line of credit is that instead of paying back on your next pay day you get a sensible payback plan that could be weekly, biweekly semi-monthly or monthly to match your financial situation.
IS MY CREDIT RATING A FACTOR ?
The interest you pay will depends on your credit score but is not subjected to it, because we provide financial products for people from all walks of life. Even though for these types of loan credit is a very important factor but at Money Mega Mart we believe in second chances. So, if you have struggled with debts in the past and have a poor credit history, you wont be turned down simply on that ground.
THINGS TO NOTE !
A line of credit can be an ideal option for many people, but it doesn’t hurt to consider the alternatives before you tie yourself into a contract. For Example: Even though it can be tempting to opt for a longer term in order to get a lower payment plan, if you need little extra cash till your next pay, you might be better off taking out a Payday Loan.