What Millennials Don’t Know about Credit and How Low Cost Loans Help

According to a recent study, millennials have no idea how to build credit and develop a good credit score. A survey of hundreds of young people found that they have several misconceptions about building credit that is hurting them and their finances. They have no idea, for instance, how useful low cost loans can be, that they are even available, and that these loans can work for them to help build good credit.

A Credit Card is Not the Answer to Good Credit, But Low Cost Loans Just Might

One misconception that millennials have about credit is that credit cards can be used to build positive credit. In fact, they think that using a credit card more, not less, is what will up their scores. This is a misconception that goes beyond young people and one that all people can learn from. High utilization of a credit card can actually lower your credit score because it makes you seem as if you are a risk. Buy just what you can afford with credit cards and pay them off as quickly as possible. For bigger expenses, it makes more sense to turn to low cost loans.

Carrying Debt Does Not Raise Credit Scores, But Responsible Use of Low Cost Loans Does

Another false belief that millennials have about building credit is that carrying debt is always good. Having debt isn’t necessarily bad, but carrying debt just for the sake of trying to improve a credit score does not work. What does work is having a little bit of debt and paying it off in a timely and responsible manner. Low cost loans can help you do that. These are small, short-term personal loans that are affordable. If you take out one of these loans and repay it on time, it will boost your credit score and provide you with needed cash.

How Else Can Low Cost Loans Help with Credit?

For these reasons and others, taking out occasional low cost loans can be good for your credit score. In addition to boosting your credit with responsible debt, these loans help by providing cash that helps you cover costs before you get into trouble with late bills. If you have payments due, being late can cost you money in late fees but also in a hit to your credit score. Low cost loans provide the cash you need to avoid being late on payments.

How to Get Low Cost Loans Today

To get started on low cost loans in the easiest way possible, download the mobile app. With the app you can apply from any location and at any time. You’ll have it stored on your phone so you can apply any time you need extra cash. Approval is easy and getting through the entire process takes less than an hour in most cases. Watch the cash appear in your bank account and you are all set to spend it. Just remember to repay on time for the best benefit to your credit.

What Millennials Don’t Know about Credit and How Low Cost Loans Help By Eric Knapp - 10/18/17

Low Cost Loans and Other Tips for Saving Money This Holiday Season

It’s easy to get out of control over the holidays. People tend to drink too much, eat too much, and spend too much. Instead of letting this happen to you, make better choices this year. We have some great tips for how you can save money while still enjoying the holidays, and it all begins with a low cost loan.

Spend with a Low Cost Loan

The first problem you may have is that you just don’t have enough money for the holidays. You don’t have to let that keep you from enjoying parties, gifts, and family dinners. With the cash from a low cost loan you can still participate and do it in a way that makes sense. With this low cost loan you get a small, personal loan that is easy to apply for, easy to get approved for, that provides cash in a hurry, and most importantly that is truly affordable. You won’t have to go way into debt to enjoy the holidays.

Buy Secret Santa Gifts with a Low Cost Loan

Buying presents is the biggest expense most people face over the holidays. This year, to save money, instead of buying something for everyone you know, start secret Santa gift exchanges. You can do one with family, one with friends, and one with coworkers. That means buying only three gifts with your low cost loan cash instead of something for everyone. It’s a fun and affordable way to enjoy gift giving.

Use a Low Cost Loan to Get Deals Now

If you start shopping for the holidays early you can take advantage of sales and clearance items as they happen. If you wait, you end up being forced to pay whatever price is listed. The problem is that you may not always have the cash on hand to strike when the deal is hot. The good news is that low cost loans provide cash in about 24 hours or less. So you can get that great deal just by applying for a quick loan.

Instead of Hosting Dinner, Have a Potluck

Hosting a holiday dinner is stressful and expensive. Turkeys and all the trimmings aren’t cheap. Instead of making everything for your holiday dinner this year, host a potluck. Ask your friends or family to contribute one dish and all you’ll need to buy with your low cost loan cash is a nice fat bird. Applying for these loans is easy and you can get started just by using our mobile app.

Low Cost Loans and Other Tips for Saving Money This Holiday Season By Eric Knapp - 9/28/16

10 Things You Can Do with Low Cost Loans

Low cost loans sound like a dream, right? They’re not a dream, though; these are for real. You can get a loan today that is affordable, convenient, and useful. Now, what to do with all that extra cash?

1. Stop stressing about your empty bank account

You’ve run out of cash before your next payday. It’s no big deal if you rely on low cost loans.

2. Let low cost loans pay the bills this week

Most people use these loans simply to get the regular bills paid: rent, utilities, car payments, and others.

3. Help out a friend

Pay it forward with low cost loans. If you have a friend in a bind and couldn’t think of a way to help, here you go.

4. Replace your clunker of a car that always breaks down

Your car may be costing you money. Finally take care of it and get a decent used car with low cost loans. Never break down again.

5. Use low cost loans to pay down credit card debt

Credit card debt is expensive. It’s time to get rid of it. Don’t let it linger for months and years.

6. Put gas in your car

Sometimes it’s tough just to get to work, right? You need gas to get to work to earn the paycheck, but when you don’t have the cash, let low cost loans help.

7. Get that one home repair fixed, finally

Stop living with a broken air conditioner in the middle of a sweltering summer or that leaky roof. Get it fixed.

8. Let low cost loans hold your spot for that great vacation deal

Everyone deserves a break, even if you’re on a strict budget. When you find that great deal, don’t miss out on it.

9. Pay your tuition for the semester

Taking a class at a time to get ahead? It’s not cheap, but low cost loans can cover your tuition so you can stay enrolled and move forward.

10. Cover an emergency expense with low cost loans

This extra cash is fast enough to help you out when an emergency arises and it comes with a bill.

To get your low cost loans, just go online or pick up your phone to use the mobile app. Fill out an application and you are on your way to getting the cash you need for these, and many more uses.

10 Things You Can Do with Low Cost Loans By Heather Wilson - 8/3/16

Why Wouldn’t You Want A Low Cost Loan?

Everyone wants to be financially comfortable – having enough money simply makes everything easier. It’s not even necessary to be wealthy, although most of us wouldn’t turn that down – just knowing the bills will all be paid on time and the fridge will never be empty is enough to remove a huge weight that a lot of us walk around with day in and day out. Particularly if you work an hourly job and have to cope with a certain amount of fluctuation in your weekly or monthly income, it’s important to have a back-up plan – emergencies happen, or even just a lean paycheck that happens to fall on the week the rent is due can tighten your budget far more than is comfortable. A low cost loan means extra cash when you need it, essentially borrowed from your next paycheck, instead of having to watch every penny and maybe even not pay certain bills or reduce your grocery bill for the next two weeks.

You Can Get A Low Cost Loan Using Just Your Smartphone

Getting a low cost loan is fantastically easy. Thanks to the magic of the internet, anyone can go online any time, 24 hours a day, and complete the application in minutes. The website and application are designed to be mobile-friendly, so if you’re at a computer or laptop, great – but if you’re not all you need is your tablet or smartphone, and the site will be just as easy to navigate and complete forms on. Only a few years ago we never could have imagined how much work and entertainment we’d be managing through our mobile telephones! But they’re as powerful as many computers now, and as secure as computers. There’s nothing about an online loan application they can’t manage. There’s nothing to print, nothing to upload or fax – it’s literally just a handful of questions on a secure online application form, which is transmitted to the lender through encrypted channels so you can feel confident that nobody can access your valuable personal data except the intended recipient.

Bad Credit, No Credit – It’s All Ok When You Apply for Low Cost Loans!

Don’t let credit problems interfere with your ability to live your life! If you’ve had financial problems in the past, or simply never built a decent credit rating, not having a credit card will be an obstacle to certain types of transactions - travel reservations, tuition for kids’ extracurriculars or summer camp, or other larger expenses that need to be paid up front. We all plan to be good responsible savers, but it’s harder than it sounds! And even when we do manage to put funds away, as often as not something unplanned comes along, such as an unexpected bill or repair, and we spend our savings balance on that. Anyone who meets the requirements - at least 18 years old, a US citizen, at least $1000 monthly income, and a bank account – has a great chance of being approved for a low cost loan, absolutely without regard to their credit rating, which won’t even be checked!

Why Wouldn’t You Want A Low Cost Loan? By Mindy Lobo - 6/8/16