Loans4USA: Should You Put Your Trust In Loans Over The Phone?

Some may wonder why the loans by phone become well liked, when most people can simply access the website of the lender and fill in the form themselves. That question is legitimate and, as this article hopes to highlight, a loan by phone can be convenient under certain circumstances.

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LendYou
до $ 2 500
loan amount:$100-5000
age:18 years of age or older
loan term:2 to 7 years
est. APR:6.63% to 485%

information
  • valid checking or savings account with direct deposit
  • you should have worked at your current employment at least 90 days
  • be a US citizen/permanent resident
  • minimum regular income of $1,000 per/month after tax
  • have a checking account in your name
  • have a valid email
  • have a home/work telephone number

Get Started

USA NewLoan
до $ 5 000
loan amount:$100-5000
age:18 years of age or older
loan term:2 to 7 years
est. APR:6.63% to 485%

information
  • valid checking or savings account with direct deposit
  • you should have worked at your current employment at least 90 days
  • be a US citizen/permanent resident
  • minimum regular income of $1,000 per/month after tax
  • have a checking account in your name
  • have a valid email
  • have a home/work telephone number

Get Started

PrimeTimeAdvance
до $ 5 000
loan amount:$100-5000
age:18 years of age or older
loan term:2 to 7 years
est. APR:6.63% to 485%

information
  • valid checking or savings account with direct deposit
  • you should have worked at your current employment at least 90 days
  • be a US citizen/permanent resident
  • minimum regular income of $1,000 per/month after tax
  • have a checking account in your name
  • have a valid email
  • have a home/work telephone number

Get Started

Loans4USA
до $ 5 000
loan amount:$100-5000
age:18 years of age or older
loan term:2 to 7 years
est. APR:6.63% to 485%

information
  • valid checking or savings account with direct deposit
  • you should have worked at your current employment at least 90 days
  • be a US citizen/permanent resident
  • minimum regular income of $1,000 per/month after tax
  • have a checking account in your name
  • have a valid email
  • have a home/work telephone number

Get Started

PaydayCash
до $ 5 000
loan amount:$100-5000
age:18 years of age or older
loan term:2 to 7 years
est. APR:6.63% to 485%

information
  • valid checking or savings account with direct deposit
  • you should have worked at your current employment at least 90 days
  • be a US citizen/permanent resident
  • minimum regular income of $1,000 per/month after tax
  • have a checking account in your name
  • have a valid email
  • have a home/work telephone number

Get Started

Payzonno
до $ 5 000
loan amount:$100-5000
age:18 years of age or older
loan term:2 to 7 years
est. APR:6.63% to 485%

information
  • valid checking or savings account with direct deposit
  • you should have worked at your current employment at least 90 days
  • be a US citizen/permanent resident
  • minimum regular income of $1,000 per/month after tax
  • have a checking account in your name
  • have a valid email
  • have a home/work telephone number

Get Started

Qualifications

  • Minimum credit score: None.
  • Minimum credit history: None, this lending platform accepts borrowers with credit history too limited to produce a FICO score.
  • Minimum gross income: $10,000.
  • Employment: Full-time job, full-time job offer starting in 6 months, a regular part-time job, or another source of regular income.
  • Must have U.S. residential street address where borrower resides (unless military personnel on active duty).
  • Must be at least 18 years old.
  • Valid email account required.
  • Personal bank account with U.S. routing number required.

Pros

  • Allows secured and joint loans.
  • Offers a wide range of repayment terms.
  • Offers a 0.5% rate discount for setting up autopay.
  • Offers significant rate discount for checking account customers.
  • Offers rate discount with direct payment to creditors on debt consolidation loans.

Cons

  • Charges origination fee.
  • No co-signed loan option.

The truth is that the vast majority of households nowadays stand as a reminder of how technology has advanced over the years. Moreover, an increasing yet not full blown trend shows that many individuals who own smart-phones can easily access the Internet from their mobile phones anytime, anywhere. However, it is fairly obvious that it will take some time between one can say everyone owns a smart-phone.

One of the most obvious situations when loans over the phone are superior to online loans arises when a person is stranded in a location where the Internet cannot be accessed or when the laptop has run out of battery. The urgency of the situation demands immediate measures, calling the lender is the only viable option. Furthermore, it is infinitely easier getting access to a phone than connecting to the Internet in a random location, so convenience points towards over the loan phones. It is important to note that in most cases the only easy loans that can be access via phone call are the payday loans .

At the same time, loans over the phone are the ideal means to solve your problem when you forgot to pay for your Internet bill and your company has temporarily disconnected you from the network. In this situation, your home computer will be pretty much useless in terms of connectivity. Of course, if you own a laptop there is always the possibility of driving to a hotspot and connecting to the Internet via the free wireless network. On the other hand, is it really as convenient as calling your lender?

 Loans Over The Phone

Another situation, or rather segment of population for which the payday loans by phone can be regarded as superior include those who have fairly little computer operating skills. More often than not, the majority of people who have trouble connecting to the Internet includes but is not limited to senior citizens. While they may own a computer connected to the Internet, their knowledge is most likely limited to basic actions such as opening the email or chatting with relatives over VIP.

While this pretty much sums up the list of situations when it is advisable or, more accurately necessary, to employ payday loans over the phone rather than their online counterparts, there are some rules that should be respected. First of all, the lenders that should be approached via phone call should ensure you that the conversation is recorded, in order to ensure that you have agreed to the exact terms and conditions they stated. Furthermore, due to the issue of trust, you should consider doing business over the phone mainly with lenders with whom you have a lengthy professional relationship.

Therefore, your phone list should contain the number of a lender that can meet these criteria and whom you have researched prior to the actual loan necessity. It is advisable to be prepared for an emergency beforehand, as the moment in which time becomes an issue, you will not be able to conduct a proper research on the policy and practices of the lender. Consequentially, you will not be sure that you got the best bang for your buck.

FAQ - Loans Over The Phone

Are online loans safe❓

It is safe to get a loan from an online lender; you just need to choose a reputable lender. Features like no credit checks and annual percentage rates above 36% should be red flags. Know the signs of predatory loans to avoid a debt trap.

Where can I get a loan❓

Online lenders, banks and credit unions all offer unsecured personal loans. While some online lenders can offer low rates and fast funding, you may get a better offer from your credit union or bank if you're an existing customer. Learn more about where to get a personal loan.

How fast can I get a loan❓

Some lenders say they can approve a loan application in minutes and fund a loan win a day or two of approval, while others may take a few days for each. Generally, you should expect to get the funds from a installment loan within a week of approval.

Can I get a fast loan with bad credit❓

Credit score requirements vary among lenders. Some lenders accept borrowers with good or better credit only; others will loan to bad-credit borrowers. Learn how to get a payday loan with bad credit.

Can I get a cash advance online❓

Cash advance online loans are quickly approved, and in most cases available on the same day for our clients. As soon as the submitted cash loan application has been approved, funds will be transferred into your account on the same day.

How can I borrow emergency money❓

You can get an emergency loan through a bank, online lender or credit union. It's best to compare emergency loans with alternatives to find the cheapest way to borrow money. Online lenders can fund loans quickly — sometimes the same or next day after you're approved — and many let you check your rate before you apply. It usually takes a few minutes to apply for a loan if you have all the required documents ready.