Installment Loans Salt Lake City Utah: Benefits of Micro Lending with Fat Money Loans

Installment Loans Salt Lake City Utah: Benefits Of Micro Lending with Fat Money Loans

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Installment Loans Salt Lake City Utah: Benefits of Micro Lending with Fat Money Loans

Installment Loans Salt Lake City Utah: Benefits of Micro Lending with Fat Money Loans

Installment loans are an improvement over other ways of traditional payday lending. A new type of small short term lending is called Micro lending. The term micro lending encompasses both payday and installment loans. The reason why installment loans are superior in comparison to payday loans is because it gives the borrower more time to pay back the loan. A payday loan requires the borrower to pay not only the entire finance charge on their next payday, but the entire amount of the principal they borrowed the previous week. This often forces the borrower to take out another loan to pay off the previous loan and forces the borrower into a cycle of debt. An installment loan on the other hand requires a much smaller payment. The interest payment is the same, but a smaller more manageable portion of the principal is required. The Customer can always pay the entire principal portion and pay off the installment loan in full whenever they want, but it gives the customer the flexibility to make payments and not go into a cycle of debt.

Fatmoneyloans.com doesn’t report to credit agencies so if you miss a payment it won’t affect your credit, and we aim to help our customers and not ruin their credit scores.

There are so many benefits of our Installment Loans Salt Lake City Utah, as well as Personal Loans Salt Lake City Utah, and to a lesser degree, Payday Loans Salt Lake City Utah to take care of your emergency funding needs.

Fat money loans will help you analyze how much money you can comfortably borrow based on various factors including past lending history, take home pay, and other factors. As a result, the loan you are qualified for is calculated in such a way that you won’t fall into a cycle of debt, and you won’t feel like the payment is a burden to make. It is very common to run out of cash in the middle of the month and need the saving grace of a Fat Money Loan to help you out.

Working with other lenders that don’t take into consideration your goals and what you can afford like Fat Money Loans does can get you into a lot of trouble. Like harassing phone calls and collectors calling you.

Personal banking has evolved over the years and micro lending using installment loans with the right lender is providing breath-taking new solutions to helping our customers in their greatest time of need.



 

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