Spotloan is an online loan company owned by BlueChip Financial, a tribal lender that offers short-term personal loans with fixed payments. Spotloan offers loan amounts that range from $300 to $800 with repayment terms of up to 10 months.
They're the most trustworthy source for honest online reviews, and people can register complaints about any business with them. Unfortunately for Spotloan, their BBB profile doesn't paint a great picture. Spotloan has been open for eight years, so they've had ample time to build out their systems.
Most people complete the process in about 10 minutes. If you accepted your loan terms on a Monday through Friday, before 11:30 a.m. CT, Spotloan will transfer the money to your bank by no later than the end of the same business day. If you accepted your loan terms on a Monday through Thursday between 11:30 a.m.
Also, your credit score often needs to be at least 640 to qualify. As always, your credit score can determine the APR you're charged. The lower your credit score, the higher the interest rate—and vice versa.
You always have the freedom to pay off your Spotloan at any time with absolutely no prepayment penalty. No questions asked, and no prepayment penalties, ever. That's because Spotloans are installment loans and not payday loans. With Spotloan, you pick your loan amount and payment size.
2. Can you be arrested and sent to jail if you fail to pay your debt? Many borrowers default on a loan every day, and the common question they ask is whether nonpayment of the loan will result in imprisonment. The answer is no.
Spotloan offers loan amounts that range from $300 to $800 with repayment terms of up to 10 months.
When you apply for a Spotloan, we do a soft inquiry, so it won't lower your credit score. Also, Spotloan reports back to credit reporting agencies on your loan payment performance.
While Spotloan checks your credit history with various credit reporting agencies, your application will not have a direct impact on your FICO score. Available in most states.
As a direct lender of online loans, Spotloan is revolutionizing the emergency loan market by utilizing the world's most sophisticated financial technology.
Spotloans are short-term installment loans, which means you pay back your loan over time. With a Spotloan, you choose how long you want to pay the loan back - up to ten months. Plus, you can pay your loan off early with no prepayment penalties.
Payday loans are short-term personal loans that you can use for unexpected expenses. Typically, borrowers receive loan amounts between $500 and $5,000, though some providers offer amounts up to $35,000 or higher.
A commonly issued spot loan is a type of mortgage loan issued to a borrower to purchase a single unit in a multi-unit building, such as a condominium complex. Some lenders must approve an entire building before they agree to approve a loan for a unit within that building.
Fast Loans appears to be in the business of defrauding consumers. Fast Loans is not licensed by DFI to conduct the business of a consumer lender. DFI could not verify the identity or contact information for the company and it appears to be a fictitious, illegitimate business entity.
Their site and application process are streamlined and simple, they offer reasonable interest rates, and they provide high-quality and reliable support. Financer.com can gladly say that MoneyLion is an excellent option when you're in need of a loan or other financial services.
Unpaid credit card debt will drop off an individual's credit report after 7 years, meaning late payments associated with the unpaid debt will no longer affect the person's credit score.
Ignoring or avoiding the debt collector may cause the debt collector to use other methods to try to collect the debt, including a lawsuit against you. If you are unable to come to an agreement with a debt collector, you may want to contact an attorney who can provide you with legal advice about your situation.
Failure to Repay Payday Loan Debt is Not Fraud
“Failure to pay back a loan is not necessarily fraud,” says Ben Michael, a criminal defense attorney at Michael & Associates. Fraud occurs when a person knowingly takes out a loan without intention of paying it back. It's a form of deceit.
The process is easy: Select your loan amount. The maximum loan amount depends on your PayPal account history. Choose the percentage of your PayPal sales that will go toward repaying your loan and fee.