Many will say that as soon as they can see the light at end of the tunnel and feel that getting ahead financially is within reach, an emergency comes up and drains the small savings that is starting to accumulate. It isn’t uncommon in America to be lacking an emergency fund. A popular approach to getting a handle on things and taking care of an unforeseen expense is securing an installment loan.
What are the Requirements?
Blue Trust Loans has a very basic set of requirements that are less stringent than many banks and traditional lenders.
- Verification of income
- Existing checking account that meets certain standards
- Verify that borrower is at least 18 years old and a citizen of the United States
- Borrower must not currently be involved in a bankruptcy case or intend to file for bankruptcy relief at this time
- Additional restrictions may apply
What is the process?
The secure online application is very convenient as you can handle at a time that is convenient and does not interfere with other commitments. A representative from Blue Trust Loans will then call to discuss the details once everything has been confirmed. The best part is the loan amounts for up to $2000 can be deposited into a checking account the next business day.
Whether a major automobile repair needs to be taken care of or a storm comes and the insurance deductible to cover the roof repairs is more than was budgeted for, an installment loan could be a way to reduce the burden a little at a time. An installment loan gives a set term to pay the loan off which is much more manageable than a payday loan.
When one takes out a payday loan, it is supposed to be paid off the next payday. This is not always easy to do, as it could take the entire check to pay the loan and then it’s back to being short on cash again. This is why the installment loan allows one to plan accordingly and have a better chance of staying on track. Visit www.bluetrustloans.com to learn more about the products that are available for your specific need.