Rise Credit : Payday Loans Sites Review
If you have an unexpected financial need and must get money in a hurry, RiseCredit.com wants you to know that there is a better way than payday loans. The company offers something better—unsecured personal loans that range between $100 and $3,000 (new customers are typically approved up to $1,000). Plus, they even have a unique 5-day customer satisfaction risk free guarantee. If you are not happy for any reason, simply contact them, cancel the loan and repay the principal. Unlike payday loans, you actually have some time to pay these loans back with terms averaging around 10 bi-weekly payment periods (5 months).
As an installment loan, customers of RiseCredit.com will discover that this option is a lot more flexible than a traditional payday loan. For starters, the APR is much lower, ranging between 265 and 450% (payday loans are typically around 760%). Also, you will have a much longer term than can stretch out over months rather than a single payment due the next time you are paid. Plus, there is no repayment penalty, so you can always retire the loan ahead of schedule. And you would only pay the finance charges associated with the time you actually had the loan.
Loans available at Rise Credit can vary from as low as $100 up to $3,000. Of course, the exact rates and payments terms are greatly influenced by your state of residence. Simply fill out the online application and see how much you qualify to receive. The entire process is safe and secure...plus you can have your money direct deposited in your account by the next business day.
Most people assume that it will always be difficult to get such a loan, but this is not the case here at RiseCredit.com. You do not need to have perfect credit, either. In order to be considered, you must have a job or some proven source of income along with an email address, a verifiable phone number, and an active and valid checking account. Of course, you should also have reached the age of majority in your state (normally 18). All loan agreements are also subject to verification of prior loan history and application data.
What To Look Out For
You should always be aware of all the terms for any loan you obtain, or are considering obtaining. While there are no automatic loan renewals here, this is still an expensive form of credit. The company even advises asking yourself a number of questions to determine how much of a need you have. Also, be aware that these payments are made bi-weekly rather than monthly. Also, make sure to learn about the penalties for late and/or missed payments.
You will find the customer help and service offered by RiseCredit.com to be quite helpful and comprehensive. They have a frequently asked questions page along with additional sections covering loan cost and terms, policy on responsible lending, and even the site's security features. There is even a map of the USA for customers to click on their state and view specific rates and terms. Of course, the company also offers contact via email, toll-free phone, and even fax. Their customer support hours are also clearly displayed along with a physical mailing address.
Value for Money
The fact that this service is much closer to a more 'traditional' type of loan than payday loan services really gives it a lot of value. Being able to stretch your loan out over a much longer term can really help a lot of people who might otherwise have a tough time meeting payday loan obligations. Also, the amounts available are larger than payday loans, so an unexpected emergency does not need to force you into a bad situation.