3 Reasons Why You Should Choose a Cash Loan Over a Credit Card
A Cash Loan is Cheaper, Easier to Qualify For, and Credit-Score Friendly
When a person is running low on cash, the person usually has a few options: he or she can apply for a loan or a credit card. Both give the borrower want he or she wants. But which is the better choice? Here are 3 reasons why you should choose a cash loan over a credit card:
A Cash Loan vs. A Credit Card
1). A cash loan is more flexible. Credit cards are usually due at the beginning of the month right along with your rent and utilities. For most people, the beginning of the month is a bad time for a credit card payment. With a cash loan, you can set your own repayment terms. It’s usually due on your next payday but can be set to when you want and can be extended without a payment.
2). Credit cards hurt your credit score. Multiple credit card accounts can cause major damage to your credit score. A cash loan can’t hurt your credit because it’s considered a different type of debt.
3). Credit cards have high interest rates. Credit cards have the highest interest rates out of all short-term lending services. A cash loan offers competitive interest rates and repayment terms that are geared for each individual borrower’s income and current situation.
A cash loan is the better choice—click the previous link or above image to see why more and more people are choosing cash loans and get yours today.
by “Scott Lowber“