Advantages Of Integrity Advance Collections
Integrity Advance Collections are convenient. All you need to qualify for a payday loan is a steady income, a state-issued ID and a checking account. When you walk into a payday loan store or online payday loans, the chances are high that you'll walk out with some cash to pay your bills in less than an hour.
All credit types is welcome: The reason many people turn to payday loans is because they cannot qualify for a conventional loan because their credit score is damaged. Most lenders may do a soft pull of credit score that does not affect your rating.
No credit No problem: You don’t need perfect credit to get payday advance. Bad credit or no credit is not a problem anymore.
Integrity Advance Collections service is free: We take no fees for connecting you with lenders, so the application is free. No more hassle with going to a bank or in store lender. Fill out our online application, and we will do the rest of the work.
Quick availability: The application process is quick. Typically, our applicants spend a few minutes to fill out the details. Lenders send loan decision within one or few hours.
Disadvantages Of Integrity Advance Collections
Payday loans are expensive: As these loans don’t need any security, they are regarded as high risk by the lenders. In order to offset their risks, these loans carry very high interest charges.
High interest rates: The annual percentage rate of interest on a payday loan ranges from roughly 200% to 675%. But since these are short-term loans, you generally repay only $7.50 to $25 per $100 you borrow. That may not seem like a lot, but when you borrow up to $1,000, it can add up quickly.
APR is always high: For payday loans, you can pay an interest rate of anywhere from 471.7846% to 841.4532%. Those who have fair credit might end up having to pay a higher APR than those with good credit, though it depends entirely on lender. Also, some states have laws that allow higher interest rates. Anyone who wants a loan should understand that the APR is always high.
It may not solve the financial problems: If you're looking to get a payday loan, chances are your financial situation isn't good. While getting an influx of cash may alleviate your problems in the short term (a matter of days), it cannot fix the underlying problems that led you to a situation in which you needed such a loan in the first place.
The cycle of debts: You may get trapped in a cycle of debts. Once you repay one loan and take another to survive until the next payday, your budget planning is faulty. Look into other ways of handling your expenses.
After reading if your choice is positive. Integrity Advance Collections encourage to apply through our service, since we do our best to make your experience satisfying. Taking out online payday loans is a serious step, so better choose a reliable partner, who can help you succeed.