3 Ways An Online Line of Credit Can Help Save You Cash Money
1. Pay bills on time!
As you’ve no doubt noticed, most of our bills are due on the same day of every month while our paychecks shift if we’re paid weekly or bi-weekly. This can cause a tendency to be running short when bills are due before the scheduled paycheck is due to pay it with, leading to late fees – in other words, paying more than you should need to! This kind of situation is self-perpetuating: once you pay late once, your budget schedule shifts and it becomes more difficult to pay on time next month. With an online line of credit, you can borrow the money you need to pay everything on time and avoid late fees, then pay it back on payday.
2. Have you ever seen a great deal on something you need, but not had the money to pay for it?
You know you’re going to end up paying more later, but you just don’t have the resources to take advantage of the opportunity. An online line of credit is designed for just this type of situation. Particularly if you don’t have the option of using a credit card because of past credit problems, a line of credit allows you to withdraw exactly the amount you need, make the purchase at the lower price, and repay the loan when your next paycheck comes in. Clearly the savings needs to exceed the cost of the loan, but when it’s a significant sale you’ll come out ahead in the end.
3. Never bounce another check!
Overdraft charges have the nasty tendency to spiral – just one small mathematical error can put your account in the negative, and from there every transaction you complete before discovering the problem will incur the same fee, easily growing to a hundred dollars or more. If you know your checking account is “on the edge” this week until payday, don’t take chances! Use your online line of credit to transfer a couple of hundred dollars into your account, knowing that the cost of the loan is insurance, providing the peace of mind and confidence you need to get through the week without worrying about even small purchases such as gas or a gallon of milk.
Bad Credit? An Online Line of Credit Can Fill in for Charge Cards and Traditional Loans
It’s tough to live with bad credit in today’s society. Our credit reports are used to evaluate our worthiness for everything from a new refrigerator to a new apartment. Even employers are checking credit before offering someone a job, concerned that someone with credit problems may be a security risk. Fortunately there’s one time you don’t have to be concerned about being judged based on your credit score, and that’s when you apply for an online line of credit. Our dedicated network of lenders has their own proprietary system for determining approvals, and that system doesn’t require either a standard credit check or evaluation of a personal financial statement or prior year tax returns. You can apply with confidence that your financial history will not factor into the lenders’ decision, only your current circumstances.