Lending without collateral is usually risky for any lender. When it comes to lending, you have wide choices as there are many direct lenders in the lending market, including traditional lenders. Although conventional lenders such as banks and credit unions are also direct lenders, their tightened credit standards, tedious procedures, delayed approval, lengthy funds transfer time, make it really inconvenient for borrowers to apply for installment loans. Moreover, banks demand collateral in order to approve your loan because of which the application rejection rate is quite high with such lenders. … Read More..
Given today’s global economic scenario, satisfying ones basic needs and wants is becoming difficult for many individuals. Thus, people are depending increasingly on loans. With banks putting forth extensive and unreasonable loan eligibility criteria, it seems even more challenging for the common person to get some extra money. However, there are alternative options to conventional banks and credit unions that are available in the lending market. One such funding source is installment loan that provides temporary financial aid during tough times. If you are denied by banks and unqualified for … Read More..