This is a temporary financial service that is secured against your future paycheck. Having grown in popularity since the early 1990s as a means to combat NSF fees and late payment penalties, many individuals prefer this fiscal tool to supplement a temporary loss of income or cover an unforeseen expense over other methods, such using high interest rate secured products or pawn shops. The Process Explained. The funds you request are direct-deposited into your account during the evening ACH sweep for the day you are approved.

In most cases, lenders will not require you to fax any paperwork. 128-bit SSL encryption technology means that your confidential information is safe, secure, and private.

Why Settle for Less than the Best. Requesting funds before your next paycheck can be stressful, which is why we dedicate ourselves to the goal of providing you with the most hassle free process getting a personal loan from the bank the web.

Why choose a company that offers just online financial solutions. Such a provider can offer you services and convenience that most brick-and-mortar stores cannot, such as a faxless option.

Getting a personal loan from the bank

In 2016, the average credit score in the United States was 687 (source). Once you have obtained your full credit history you may now use it to entice prospective lenders in an effort to receive funds. Step 3 Secured or Unsecured. Depending on the credit score the lender may ask if collateral is needed to approve the loan.

Secured Loan For individuals with lower credit scores, usually less than 700. The term secured means the borrower must put up collateral, such as a home or a car, in case the loan is not repaid. Therefore, the lender is guaranteed to obtain an asset of the borrower in the event they are paid-back. Unsecured Loan For individuals with higher credit scores, 700 and above.

Getting a personal loan from the bank

Such loans are not a long-term financial solution. Persons facing serious financial difficulties should consider other alternatives or should seek out professional financial advice. This website is not an offer to lend. WhiteRockLoans. com is not a lender and does not make loan or credit decisions.

WhiteRockLoans. com connects interested persons with a lender from its network of approved lenders. WhiteRockLoans.

Getting a personal loan from the bank