Today multiple cash loans are available. They offer quick and easy alternatives that provide money to pay the bills. Loan By Phone lending also does not conduct credit checks. Need extra money? Do you currently have emergency expenses? This article will help guide you to choose the right lending service to get cash when you need it.
This company’s lending services are loans offered via phone call. This is especially for those who require extra cash before their next paycheck. Such short-term loans provide the help you need to tackle emergencies head-on. We understand that there are times that you are low on cash yet have many bills to pay. Loan By Phone lending services offer short-term loans that allow you to pay the loan off quickly. Be aware that there are additional costs, such as the Annual Percentage Rate (APR) and Interest Rates, just to name a few. Depending on where you are located, the state law protects payday lending services. Each state has different restrictions, as some do not participate in payday lending.
Payday loans also do not conduct credit checks when you apply. Borrowers are eligible to receive money sent straight to their bank account. The amount of money that can be given through this company can reach thousands. Each loan must be paid according to the agreement with the assigned lender.
How To Receive Money Through Loan By Phone?
If you are considering taking out a payday loan with this company’s service, the process is simple. The company has created a unique system that allows new applicants to simply dial in and get money sent to their account within a few days. Here is how you can get money with Loan By Phone:
- Log in to the official website LoanByPhone.com.
- Create an account. Immediately after logging in, you will find the option to create a new account. Click this option.
- Get prequalified. The following screen will provide a form to fill out. You will need to provide information such as your full name, telephone number, address, social security information, income, and how you wish to receive your loan (bank account or cash).
- After you receive a prequalification, you may contact the customer service representatives by phone.
- Get funds quickly sent to your bank account in 24 hours.
How Much Money Can I Get With Loan By Phone?
Are you in need of extra cash? Sometimes emergencies come and require our attention. To be prepared, this company offers money to help. You can pay your bills immediately by directly applying by phone today. Depending on the location you live, you may receive up to $1200 in payday loans.
Does Loan By Phone Have Any Extra Fees Attached?
Yes. Every borrower must face the reality of paying extra fees whenever they apply for a loan. You not only borrow money, but you pay for the luxury in having it. Extra fees and rates are included. One popular fee is the Annual Percentage Rate, which is calculated based on your financial health. This may also depend on your credit and the loan option you choose. Therefore, each borrower receives a different rate. For example, if an applicant living in Wyoming applies for a $300 loan, the annual percentage rate MAY be approximately 260.71% with an additional $30 fee. The additional costs rise when borrowers choose to use these loans for months instead of 2-4 weeks.
Can I Make Late Payments For My Loan By Phone Payday Loan?
No. The services of this company are meant to be a short-term lending solution. When borrowers do not pay, the loan extends further, and additional fees skyrocket. Not only that, by credit health and potential chances decrease. Take a look at what this lender will do if you fail to make timely payments:
Contact Customers To Collect Debt – The company has the right to contact customers in an attempt to collect the debt. They may call, send texts, emails, and even postal mails. If this happens to you, try to remain open with your lender. Loan By Phone understands that things happen. These methods of contact are not to harass customers to connect with them.
Credit Health Could Decline – If contacting the borrower fails, the next thing this company may do is report to the credit bureau or turn over the debt to a third party. This will leave a negative impact on your credit history and lower your credit scores. Scores may lower significantly until payment is made. Try to avoid this by paying according to the agreement.