If you need money immediately, consider steering away from a Payday Loan. Liquid Loans will tell you the truth about how they work, just give us a call. Our payday loan alternative programs such as an Installment Loan, Personal Loan, or Signature Loan, are much more affordable options. These other options let you pay off your loan with time, and they allow for easier terms of repayment, and incredible refinance options in case you need more cash.
Don't Get A Payday Loan
At Liquid Loans, we are all about training you on what you are getting into when you take out a short-term loan, but we created the best solutions to help you. Liquid Loans, loan officers are ready to help you understand the difference between payday loans, installment loans, or personal loans.
What is a payday loan:
- A payday loan is usually an interest only loan, and repaid in a single payment or a series of interest only payments made to the lender on his or her pay date, or when income is received.
- To repay the loan the borrower will write a post-dated check for the full balance, typically 2 weeks from the date of the loan, or when the borrower gets paid. If you don’t repay the loan on or before the due date the lender has the right to cash the post dated check.
- The worst part is most lenders don’t care that you are in a hardship or having difficulty with the upcoming payment, therefore submission of the post dated check for the full amount can cause a disaster in the borrower’s bank account causing overdraft fees, bounced check fees, and much more.
If you can’t pay your full balance, you must start making regular interest-only payments at the default (aka grossly inflated) interest rate. For most borrowers, making the interest payments is all they can do. Meanwhile, the principal balance of your loan remains unpaid.
A Trusted Partner
Many people who need a loan will often times max out credit cards in an attempt to stay on top of their finances, resulting in real harm to their credit. Loans for people with bad credit can be difficult to find, however, Liquid Loans offers easy solutions to real financial problems.
Liquid Loans is a trusted provider of payday loans with locations across the Wasatch front. With locations serving Salt Lake, Utah, and Weber counties, we are available for on-site or over the phone consultations.
Liquid Loans Can Help
Warning: Liquid Loans does not offer Payday Loans. These Payday Loan practices can cause significant financial harm. Be aware that many lenders do not follow the correct procedures, or practices in accordance with their state laws. We want to hear from you prior to having you make this mistake.
How To Contact Liquid Loans
No matter the financial situation- if you need to pay off bills or borrow money for a big purchase, Liquid Loans can set you up with an installment loan, in some cases giving you up to $5,000 in cash for whatever your situation might be.
Liquid Loans is ready to serve when you need us and when you need money quickly. Visit one of our several locations along the Wasatch Front, easily accessible to our customers in Salt Lake City and Provo.
Check out our application process by clicking here, to see if an installment loan with no credit check is the right option for you. So whether you’re searching for the best loans in Salt Lake City or payday loans in Provo, consider giving Liquid Loans a call to see if an installment loan is the best option for you. Call to speak with a representative first by clicking here or if you’re in the area, please drop by our location and we can discuss any installment loan help you may need.