Short Term Installment Loans

Short Term Installment Loans |‌ Bridgepayday

Installment loans are short term and are due to be paid off within a year. 

Your life can be impacted in many ways by financial stress. Financial stress can have a negative impact on your sleep patterns and appetite, as well as causing chronic diseases.

It can also affect your self-care and overall health. While everyone will experience financial stress at one time or another, there are some people more susceptible to it than others.

It’s crucial that you find a solution if you are one of the many Americans who feel stressed, anxious, or worried about their finances. Read through the benefits and disadvantages to find out if a short-term loan is the best option for you during these difficult times.

What is a SHORT-TERM LOAN?

There are two types of short-term loans:

Installment loans

 A installment loan has a set amount of payments that are scheduled over a specified time period. Installment loans are flexible and very user-friendly. Bridgepayday can help you get an installment loan today!

Payday loans

 A payday Loan is a one-payment loan in which the amount borrowed is due by your next payday, plus any fees. Payday loans can be very difficult to repay and are not very user-friendly. Bridgepayday doesn’t offer payday loans.

Although the context of these loans is different, both are structured to be repaid within a few weeks or even months. Even though there is no collateral or upfront payment, short-term loans come with fees.

HOW MUCH CAN I BORROW WITH A SHORT-TERM LOAN AND HOW DOES IT WORK?

The cost of short-term loans is between $100 and $1250. A Bridgepayday representative will review your personal information when you apply for a short term loan. 

To get you approved quickly, we’ll collect all of your financial information. After being explained the product, you will sign a contract detailing the terms and the repayment schedule. 

This important information will also be given to you in writing. Once you have agreed on the amount of the short-term loan, fees, and repayment date, your money will either be deposited directly into your checking account, or you might receive a check. 

Texas short term loans are available to all credit types. The loan amount is usually based on the borrower’s income.

TEXAS LOANS – GETTING SHORT TERM LOANS:

Do not let stress and anxiety of financial difficulties get you down. Bridgepayday can help you get a short-term loan if that sounds appealing to you.

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Author: Alex Darwin

Alex is a former budget manager turned entrepreneur. He works mainly at home on his credit score advice website and writes a financial blog on the side. He hopes to expand his business into a full online lending company for bad credit as soon as he gets enough investors.