Short Term Loans

Most personal loans today are short-term loans, which mean they are only over a period of a month or two, while other personal loans repayment period might be over 7 years.  The repayment terms can be much longer as with a secured loan. Many times the repayment period of a secured loan can be as long as 25 years, which is ideal for someone working on a long term project such as improving a home.  The monthly repayments on a secured loan will be much lower than with an unsecured loan, making it more affordable to pay month to month, even though more money will be spent on interest in the long term.

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Mood and Fitch, Standard and Poor?

Moody and Fitch, Standard and Poor? - https://installmentloanscompany.com

In Need of Cash? Which Type of Loan is Best?

Life is unpredictable. There are endless reasons why you would need money quickly without any warning or preparation. Maybe you are a little short on your expenses one month and need some cash to pay the rent, maybe your car broke down and it has to be fixed immediately so you can go to work, whatever the reason chances are at one point or another every single one of us will need some cash quickly. Fortunately, there are multiple systems set in place to help individuals who are in need of some quick cash-in-hand. Having multiple options begs the question; when you are in need of cash, which type of loan is best?

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Unsecured Loan Criteria

When applying for an unsecured loan, there are certain requirements you must meet to be approved of an unsecured loan. 
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Debt to Income Ratio and Debt Timing

The remaining balance of your loan can play a role in the level of your credit score.  You may gain credit score points back as you pay your balance back down.  The longer you have the loan, and the farther the difference between your original loan amount and your current balance, the more positively it will affect your credit.

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Getting a Loan With Bad Credit - Defaults and Arrears

When taking out a loan with any lender, one of the first things you will do is discuss the terms of the loan amount and repayment methods. After you have narrowed down your desired credit line, the repayment method is often stipulated with details on how you will pay the lender back with key attention to interest rates, time of repayment, payment options and even credit score requirements. This repayment process will often determine how much time you may have to pay the loan back as well as minimum and maximum limits for the amount due. Given the variety of loans available, one common loan status that can affect your credit score and credit history are instances of defaults and arrears. While often viewed as a last resort for the borrower, if you start to miss your payments for an extended period of time then your loan may fall into one of these two categories.

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Loan Scams Still Going On In The UK

Loan Scams have been picking up steam for the last year in the UK, with the number of complaints about these types of scams rising almost double from 2011 to 2012. Now in 2013, the numbers have evened out, but still remains a problem.

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