Apr 13, 2021 12:42:42 PM Budget, emergency loan

How to Choose Between a Short-Term Loan and a Long-Term Loan

Short-term loans and long-term loans often serve different purposes. Short-term loans typically have a repayment period spanning from a few months to a year. On the other hand, long-term loans are often for much larger amounts and come with a multi-year repayment period. Outside of mortgage and business loans, long-term loans are rarely ideal. If you’re not sure which one you need, there are a few questions that can help you narrow down your choices. 

Apr 6, 2021 3:00:00 AM Budget, emergency loan

5 Factors to Consider When Choosing a Personal Loan

Personal loans are inherently... well, personal. No one understands your financial situation better than you do. The best way to find the right fit is to evaluate your needs and do your research first. Personal loans can come in all different shapes and sizes, and what’s best for someone else might not be what’s best for you. When you’re shopping for personal loan options, there are some variables that you may want to consider. 

Mar 30, 2021 3:00:00 AM Budget, emergency loan

Why is a Spotloan Better Than a Payday Loan?

Both Spotloans and payday loans might come in handy during a financial emergency. A roof leak, a car repair, or a missed mortgage payment would leave many of us needing extra funds and fast. But not all funding options are created equally. 

Mar 23, 2021 3:00:00 AM Budget, emergency loan

What is a Spotloan?

If you’ve found yourself in a tough spot financially in the last year, you’re far from alone. COVID has taken a toll on the finances of American adults, many of whom were already struggling to keep up. In September 2020, 61 percent of Americans surveyed said that their emergency savings wouldn’t last through the end of the year or that they had already run out of savings.

Mar 16, 2021 3:00:00 AM Budget, emergency loan

3 Things to Look for when Selecting an Emergency Loan Lender

Emergency loans are incredibly personal, and what worked best for a friend, family member, or neighbor, might not be the same thing or lender that will be best for you. Choosing the right emergency loan lender comes down to carefully evaluating your needs and options before identifying which one lines up the best.