Getting a Loan Is Easy with LendYou Getting a Loan Is Easy with LendYou
shares Facebook Twitter Google+Whether you are looking for money to buy a car, catch up on some bills, do some work around your home,... Getting a Loan Is Easy with LendYou

Whether you are looking for money to buy a car, catch up on some bills, do some work around your home, take a vacation, deal with an unexpected emergency, or any other reason you might need to borrow money, LendYou.com is a service that matches lenders and clients looking to borrow.

Different loan types are available

LendYou is a very flexible service. If you’re looking for a specific loan to match your financial needs, chances are, you will find what you are looking for here. First, let’s go over some basic loan types that you can get at LendYou.

Payday loans

A payday loan is a no-collateral, small, short-term, cash advance loan that’s usually under $1000, which is backed by your future income, usually your next paycheck, or another type of regular income. Generally, the loan term is less than 30 days.

Get a Loan Right Now!
Payday loans are designed to cover emergencies. If you are using a payday loan to cover regular bills, it’s time to get some help – you might seek debt management assistance, credit counseling, or other similar services to help you get yourself to a place where you can meet your recurring monthly expenses. There are a number of nonprofit agencies that can assist consumers who find that they are dealing with extreme debt.

Installment loans

The installment loans is a no-collateral, short-term, cash advance small loan that is generally under $5,000, which is backed by your future income as well. Generally, the loan term is less than 30 days. Unlike a payday loan, where the full amount is agreed upon for a specific short term date, with the installment loan, there is a set number of scheduled payments.

Get a Loan Right Now!

Personal loan

This is a no-collateral loan for up to $35,000, similar to a line of credit. It is backed by future income. This may be your next paycheck, a dividend, or other types of regular income. The term of the loan is typically longer than an installment or payday loan. These loans are useful for paying off credit cards with high-interest rates or consolidating debt.

LendYou is a convenient way to get a loan

Getting a loan

LendYou isn’t a lender, and they don’t make any kind of credit decisions. Instead, it offers a loan matching service. What does this mean? Well, LendYou matches consumers looking for financial assistance with appropriate third-party independent lenders who might be able to provide the kind of loan needed.

You can start by filling out the simple form online. Then, LendYou will share this information with third-party lenders who might make a loan offer to you. There is no obligation for you to accept the offer, but if you decide to, the lender will then instruct you on how to complete the loan process.

Each third-party lender will have their own terms and conditions that must be met. Make sure that you have read and understood these terms and conditions prior to accepting the loan. Check the fees, APR, terms for renewal, and non-payment penalties. If you have questions about the loan, contact the lender directly.

Minimum requirements for a loan application

Getting a loan online

These are the minimum requirements, but depending on the lender, there could be additional conditions that must be met.

  • You must be at least 18 years old
  • You must be a US citizen
  • You cannot be a regular/reserve member or a dependent of the Army, Air Force, Coast Guard, Navy or Marine Corps serving on active duty under a call or order that doesn’t specify a 30-day or less period
  • You must have a direct deposit checking/savings account
  • You must have a minimum of $1000/month of regular income
  • You must have a fair credit rating

You will also have to provide personal, employment, and banking information that includes, but is not limited to, your name, telephone number, address, place of employment and/or regular income source, bank account, social security number, and driver’s license. Third-party lenders may perform a credit check or use other verification methods for the information you provide.

Each third-party lender has their own APR, terms, and fees, which are provided to you at the time the loan offer is made. Your loan is accepted by you when you electronically “sign” the offer and then send it back to the lender; however, you are never under an obligation to accept it.

LendYou uses numerous state of the art security measures, including 128-bit Secure Socket Layer (SSL) encryption technology, to keep your information secure while transmitting it between your browser and the service.

Get financial help at LendYou!

The amounts you can borrow

How to get a loan

While these numbers can vary, these are the general ranges.

Payday loans − $100 to $1,000

Personal loans − $500 to $35,000

Installment loans − $100 to $5,000

You request a loan amount, and if you receive a loan offer, it may or may not match the amount of your request. The loan amount offered is based on a number of factors that include the individual lender, income, employment, etc.

Third-party lenders usually verify the information accuracy and compare it to the records of the national databases. Multiple inquiries to the three big credit bureaus, which are Transunion, Equifax, and Experian, can cause your credit score to be lowered, so registering for a loan one at a time might be a better option.

Does my loan renew automatically?

LendYou

It depends on the state where the lender is located and where you live. Each lender will have their own renewal policies, and each state has their own regulations for automatic renewal of payday loans, so ask your lender if your loan will automatically renew, and whether they must first get your permission. Loan renewals usually have extra fees and loan interest on the balance. Know what these fees are before agreeing to loan renewal.

What if I can’t repay the loan according to the terms?

Penalties for lack of repayment typically include:

  • Late-fee charges
  • Forwarding your account to a collection agency
  • Reporting your lack of payment to a consumer credit agency
  • Offering to renew your loan, resulting in additional interest and/or fees

LendYou.com offers a unique service that can help match you up with the best lender to meet your needs, taking some of the stress out of finding the money you need. It’s fast, and you don’t even need to leave your home.

Get the financial help you need here!

No comments so far.

Be first to leave comment below.

Your email address will not be published. Required fields are marked *