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4 Top reasons why you should prefer 3 month loans over payday loans?
The concept of 3 month loans is slowly substituting payday loans. This article lists four prime reasons why one should prefer 3 month loans over payday loans for the knowledge of readers of this article.
Urgency of cash always drives people to the walls. In such times, normal tendency suggest that one should go for payday loans. However, opting for payday loans in such situations might not be the right decision in such situations. Hence, what to do then? In such cases, if better sense prevails, focus should be on finding a deal that gives ample chance to repay the loan but not without putting much stress on sources of income of the borrower. Obviously, finding a short-term alternative of this type isn’t that easy but then as the popular adage goes, ‘Where there is a Will there is a Way’.
3 months loans are known to be the best alternative to modern-day payday loans. Reason: There are plenty but few have been listed here.
Point No.1 – Longer Repayment Tenure
Yes! 3 month loans become an obvious choice for people who need an instant credit help but are not in shape to repay it back almost the same way. As the name suggests, the time-period offered is sufficient to repay any sort of short-term debt. Clearly, longer repayment tenure makes them the most sought-after loan product in the industry today.
Point No. 2 – Comparatively Low APR
Another place where 3 month loans earn brownie points is on APR front (also known as Annual Percentage Rate). Normally, as everyone knows, payday loans are secured against next month’s paycheck of the borrower. But even then the APR is on the higher side. However, in case of 3 month loans, APR is far more relaxed then its payday loan counterpart because of the time duration.
Point No. 3 – Larger amount can be quoted!
Under 3 month loans banner, one can quote a comparatively higher sum as loan amount than in case of payday loans.
Point No. 4 – Room for negotiation with lender!
In case if you have missed the deadline or you are set to miss the deadline of payment of instalment. 3 month loan give you an option to talk to your lender and explain things to him/her and ask for an extension. But remember, the decision to extend the deadlines or granting such favours rests with the lender only. Although the same chance is also available to lenders under payday loans but then you don’t have much time at your disposal to ask such things.
Meanwhile, the fourth point is applicable if the borrower wishes to seek waiver for certain fraction of interest or amount.
If one will gave a close look to these differences, he/she will surely be able to figure out why one should prefer 3 month loans over payday loans.
Best Thing In Investment Loans
We can make something different out from our investment which we take earlier, if we properly manage and utilize all the resources that we have. Aside from money, because money is first preference for any investment right attitude or we can say that right view about the investment is an important factor in a successful investment. It is a good feeling that aside from the our main earnings that we have from the office, we have another income and that comes from our investments.
We all know that it is never easy to start an investment any type of investment which we know that it will beneficial for me in my future especially if we dont have enough money. Money is root for all the things which we done or which we want at present or in future. But today’s every person is hand to mouth. It is vital that we know our capacity and needs for us to be able to know what the best investment for us is. Investment loans are there for us to meet our needs and goals for future planning. Although we know that we have to pay interest for this investment loans but that does not matter if we choose the right investment and we know that it will be beneficial for us in future.
Finding the right investment loans also critical because we have to consider a lot of things. We need to make sure that it is profitable so we could sustain the monthly payment for our investment loans. Doing every possible way to gain and exceed in everything we do is most likely the best asset that we could have in this kind of field.To have reliable funding resources into our investment is also very important. We have to make sure that we have the best financial institution that supports us. By doing a research to a company who offered investment loans we can then compare the interest rates and other charges. By that, we can decide where to get the loans that we need. One thing to consider is with the help of a financial expert, aside from their advise we can learn something new.
Investing money requires a great amount of time and to be successful, it should be invested wisely. The thought of investment loans like in real estate solicits interest to a lot of individuals. For some that are new to this market, they are not often certain of the options in financing thats why we should have a financial company and good advisor for us to have everything under control.