Medical Emergency. Get emergency cash to pay hospital expenses and prescriptions. Home Repairs. Broken heater or AC, leaky roof, burst pipe flooding your basement. Get them fixed before the problem gets bigger.
Car Repairs. Need to get to work but car broke down. Get cash into your bank account right away. Missed payments add unnecessary late fees and expensive service disconnections.
Borrow Against Life Insurance. If you have a life insurance policy with a cash value, you can borrow money and use the policy as your collateral. This only works for permanent life insurance policies (whole life or universal), which double as investments. You cant borrow against a term life insurance policy, which is the most common kind.
Borrowing against your life insurance has several advantages over borrowing from a bank. These include: No Need to Apply. As long as your account has cash value, you can borrow against it no questions asked.
Theres no need to apply for the loan or have your credit checked. Low Interest. According to Bankrate, the interest on a life insurance loan is usually between 5 and 9.
Thus, it is a great fiscal support available online. The beauty of low fee payday loans is that people with bad credit profile may be able to borrow quick cash via such sort of financial plan. Even if you do not pledge any collateral, it is possible for you to apply for these loans. Thus, it comes under the category of unsecured loan. There is no requirement of lengthy formality, paperwork or faxing of documents in order to get applied for these loans.
The best attribute of this loan is that it gives instant approval to borrowers within 24 hours.
Whats more, you can choose the amount you want to withdraw and you can choose to repay on your own terms. You only pay interest and fees for the amount borrowed and your line of credit is always available for any unplanned emergencies. FLEX Loans are as flexible as you need them to be. Whats great about Advance Financials FLEX Loans. Keep moving even if big banks say NO. We know how banks work. They dont like to lend money unless you have collateral. But Advance Financial understands your necessities and we believe in you even without collateral.