You may have heard of payday loans or you might have seen ads for one on TV. Maybe you saw something about a fast payday loan online. A payday loan is when a lender provides you with a short-term loan and you have to pay the money back with interest by your next payday. What if the problem you have is that your car broke down and you need to get it repaired quickly, but you don’t have the money and you won’t be able to borrow money if you have to pay it all back by your next paycheck? That may leave you wondering, what options do you have?
At Blue Trust Loans, we don’t offer payday loans. We’re here when you need us, 24-7, with payday loan alternatives. If you aren’t sure what the difference is between payday loans and payday loan alternatives, it’s not a problem. Below we’ll discuss payday loans, their alternatives, and some additional information to help you decide what might be best for you.
Payday Loans
One of the biggest benefits of payday loans is that having a bad credit history doesn’t necessarily prevent you from being approved. But that doesn’t mean that payday loans are always the best option. Having to pay all the money back with interest by your next payday can leave some borrowers without enough left over in their paychecks to cover their regular expenses. While payday lenders may allow borrowers to “roll over” the loan to a later paycheck, this typically incurs additional interest and fees that may add significantly to the cost of the loan. Some states only let you borrow up to $500 with a payday loan. If you need more money to pay for an emergency expense, such as an unexpected veterinary bill or money to fix the leak in your basement, you will need to find more funding.
Payday Loan Alternatives
Unlike payday loans, there are alternative options that may have some of the benefits of payday loans, but where you will be given more time to repay the loan. An unsecured loan, such as a loan that you can get from Blue Trust Loans, is a payday loan alternative that might be a great option for you to get the money that you need fast. You might even qualify for Same Day Funding. Blue Trust Loans offers up to $3,000, and you may have as long as 10 months to repay it. That means, as opposed to payday loans, there won’t be any worrying about having to pay your entire loan off, with interest, immediately.
Payday Loan Alternatives From Blue Trust Loans
You’ve now read a little bit about payday loans and alternatives, and you have the information that you need to get money fast. You can find out if you qualify when you apply for an unsecured loan from Blue Trust Loans. You can get funding of up to $3,000 with flexible repayment options and no prepayment penalties. Do you still have some questions? We can answer your questions and give you the information that you need to make the right decision for you. If you would rather talk to us, call us today at 877-770-2682. We can tell you more about our payday loan alternatives, as well as about some of the perks we offer, including Same Day Funding.
*Same Day Funding is available on business days where pre-approval, eSignature of the loan agreement, and completion of the confirmation call, if a call is required, have occurred by 11:45 a.m. Eastern Time, and a customer elects ACH as payment method. Other restrictions may apply. Certain financial institutions do not support same -day funded transactions. When Same -Day Funding is not available, funding will occur the next business day.
The content on this site is for informational purposes only and is not professional financial advice. Blue Trust Loans does not assume responsibility for information given. All information should be weighed against your own abilities and circumstances and applied accordingly. It is up to the reader to determine if this information is safe and suitable for their own situation.
Hummingbird Funds, LLC is a sovereign enterprise, an economic development arm and instrumentality of, and wholly-owned and controlled by, the Lac Courte Oreilles Band of Lake Superior Chippewa Indians (the “Tribe”), a federally-recognized sovereign American Indian Tribe. This means that the Hummingbird Funds’ installment loan products are provided by a sovereign government and the proceeds of our business fund governmental services for Tribe citizens. This also means that Hummingbird Funds is not subject to suit or service of process. Rather, Hummingbird Funds is regulated by the Tribe. If you do business with Hummingbird Funds, your potential forums for dispute resolution will be limited to those available under Tribal law and your loan agreement. As more specifically set forth in Hummingbird Funds’ contracts, these forums include informal, but affordable and efficient Tribal dispute resolution, or individual arbitration before a neutral arbitrator. Otherwise, Hummingbird Funds is not subject to suit or service of process. Nothing in this website is intended to waive or otherwise prejudice Hummingbird Funds’ entitlement to these protections. Neither Hummingbird Funds nor the Tribe has waived its sovereign immunity in connection with any claims relative to use of this mobile site. If you are not comfortable doing business with a sovereign instrumentality that cannot be sued in court, you should discontinue use of this website.