The site asked for more sensitive stuff - a bank account number and a routing number - typical personal loan length I made that up, too. In spite of the made-up information, in less than a minute, I got a response.
"Congratulations. Tremont Lending has been selected as your lender and you have been pre-approved for a loan cash advance jasper indiana to 750.
" If I wanted to borrow 750 for a week, I would have had to pay 225 in interest. The site said that was an annual percentage rate of more than 1,300 percent. I did not agree to take the loan. But within minutes, my phone rang (I had entered my real phone number). It was a guy from Tremont Lending, in South Dakota.
If you are connected to a tribal lender, please understand that the tribal lenders rates and fees may be higher than state-licensed lenders. Additionally, tribal lenders may require you to agree to resolve any disputes in a tribal jurisdiction. You are urged to read and understand the terms of any loan offered by any lender, whether tribal or state-licensed, and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you.
The purpose of shorter duration loans is typical personal loan length provide the borrower temporary financial relief. Such loans are not a long-term financial solution. Persons facing serious financial difficulties should consider other alternatives or should seek out professional financial advice.
Please note, the information submitted by you will be shared with participating lenders to fulfill your request to be connected with a participating typical personal loan length. Participating lenders may perform credit checks with credit reporting bureaus, obtain financial reports through alternative providers and may also contact parties with whom you have business relationships to verify that you meet their lending criteria.
Participating lenders may require you to pay a fee to cover the costs of any such inquiry. Participating lenders may not offer all loan products and loan products may not be available in all states. The states serviced by this website may change from time to time, without notice. The operator does not guarantee you will be connected with participating lenders, receive conditional loan offers or enter into a loan agreement.
This term is clearly identified in your loan agreement. You should check your loan agreement for your lender's policy on automatic loan renewal prior to e-signing it. If your loan is renewed, there will be additional charges as determined by your lender, and the minimum term can be set up.
Your lender may offer you other options in addition to renewal, including the ability to repay your loan in full at a later date or repay your loan over time typical personal loan length a series of installments. Legal Disclaimer: This website does not constitute an offer or solicitation to lend.
LoanSolo. com is not a lender and does not make loans or credit decisions.