Пример статьи для сайта или блога на английском языке. Тематика: Финансы, банковские ссуды, кредиты. Статья вычитана и отредактирована американкой-нейтивом, о которой я писала в предыдущем посте.
Online payday loans are short-term loans or pay advances that help one to tide over an unexpected financial shortfall in times of crisis. Due to the advancement of modern technology, applying for short-term loans can be as easy as a click on the mouse. The loan amount is relatively small, mainly from $50 to $1500. There are many web sites offering a modest amount of loans and cash advances. Thus, it is convenient for everyone to sign up so long they have a job and meet the minimum requirements of each company.
The registration process is straightforward and hassle-free. One just fill out the form online, sign and submit the required documents, for example, pay advices, and decide on the loan amount. One can even apply by phoning and sending the documents. Approving time can be within the same day or the next day. After the application is approved, the loan will also be deposited into one’s bank account within the day itself or in some business days, depending on the time of application. One’s bank account will be debited on the next payday for repayment of the loan.
Usually, it does not matter if one has negative borrowing history or adverse credit in the past. Small payday loans are created to assist customers in times of emergency credit. Thus, the applicant will not have their credit information being verified at the major bureaus. However, People who are undischarged bankrupts have still had their loans rejected, with the exception of discharged cases.
There is no collateral needed with online payday loans in most cases, but upon application, one has to authorize the lender to credit and debit the loan amount from the bank accounts when filling out the application forms.
However, do exercise some precautions when deciding on an online payday loan. In the US, consumers are warned of payday loans in view on their extremely high interest. Some lending companies offer loans, which interest (APR ) can be as gross as 650% per annum. This means that, for every $100 loan, one has to pay interest ranging from $10 to $30 by the next payday. One may want to consider various loan options available other than payday loans. The reason being these loans may be too expensive to be repaid by the next payday. One should seek legal help or obtain financial advices from banks when deciding on a loan that one can afford.
On the contrary, bank loans are issued to individuals for a similar purpose. Though they may not be comparable to small loans in terms of flexibility, bank loans are readily available in solving greater needs. The idea that the bank loans out money to the public becomes a necessity in today‘s society. It has become such a norm that almost everyone with a reasonable bank rating, and a bank account will gain easy access to bank loans.
Be it credit cards, pay advances, housing loans, car loans, etc., present day banking system provides loans practically everything that one will need in their daily living. People get their practical desires and wishes fulfilled through these financial means. Therefore, without these convenient bank loans, many people will find it impossible or extremely difficult to realize their dreams such as purchasing a new car or furnishing a new home.
Factually, almost all bank loans come with certain types of collateral. The matter of concern, the amount, period of loan taken is in proportion to the collateral required by financial institutions. Thus, more collaterals are needed for higher and longer loan amounts. Examples of collaterals are time deposits, properties and gold certificates. There are even loans catered specifically for individuals to repay off other existing loans at lower interest rates. Broadly speaking, there are vast spreads of loans available in the financial markets to cater for almost every predictable financial need that a person may experience in his or her lifetime. Housing loans remains as one of the most popular loans applied by individuals for the purpose of housing ownership. On the contrary, small-business loans are becoming trends in terms of volume or value as compared to other bank loans. Thus, these loans will tend to outstrip conventional personal loans, which serve more of a generic purpose.
One of the most crucial things in checking out loans is revealing the criteria that banks are looking out for in approving loans. This can allow an individual to gauge whether the loan is suitable for them. The borrower can also assess their own capabilities in repayment of the loan before making the final decision in applying. Thus, the application can be processed faster without much undue delay. When bank loan approval processes get frustrating and annoying, it is best to call up the banks directly. In the event, it is rejected or pending for additional supportive documents, one should not be dismayed and give up. Banks will gladly offer assistance and provide help to expedite the overall process.
The positive news is that the majority of the bank loans will get to approve without much delay. Potential borrowers are advised to choose wisely and adhere to payment arrangements in order to prevent negative impact on one’s credit rating. These will significantly impairing one’s chances of getting further loans in the future. Therefore, it pays to do more research and select a suitable bank loan that fits your current finances and situation. Banks are more likely to offer extension of repayments or even extend higher loan amounts to borrowers who display consistent repayment habits and an excellent credit rating score.