Loan By Phone is a short-term loan and a last resort financial relief company. Established in 2003, Loan By Phone provides check-cashing services through phone transactions. This method gives customers convenience and privacy when they apply for a payday loan. Loan By Phone has a faxless loan process, which cuts out much of the paperwork that is needed to get a loan approved. With this approach, customers can rely on Loan By Phone to get them the money that they need quickly.
Loan By Phone is a wholly owned subsidiary of Check Into Cash Inc. At the same time, Check Into Cash is a member of the Community Financial Services Association of America (CFSA). Loan by Phone works with these organizations to deliver high quality services and utmost ethical standards that the customers deserve.
Loan By Phone offers online payday loan programs and cash advances with a loan payout range of $100 to $800, depending on the area of residence of the customers. Loan By Phone also offers an online means to acquire a loan through their online loan application at their website (http://loanbyphone.com). Now, people have more ways to get a loan without necessarily going to the store.
Unlike other short-term loan stores and online lenders, Loan By Phone only accepts online loan processing and telephone loan applications in states where Check Into Cash is licensed to operate. Loan By Phone values the security of your personal information and understands that while the Internet has no boundaries, Loan By Phone respects the laws of the state where it operates. Strict guidelines have to be met by both the company and the borrower to ensure proper release of funds and to protect the rights of both parties. Loan By Phone continues to expand its initial product offering through online transactions, as well as extending the geographical coverage to meet the changing demands of its clients.
Payday Loan Overview
There are many reasons why people consider a payday loan or a cash advance. Most of the time, the reasons of each client do not differ much from one another. While Americans are known for effective money management, most of us will want a "lifeline" for unexpected expenses of emergencies. At the same time, an increasing number of customers choose payday loans to bridge expenses without having to take out a loan from traditional means. People love the fact that short-term payday loans are easy to get, which means more flexibility for the person who wishes to have extra money to cover their expenses. Oftentimes, getting a payday loan is much better than paying bank penalties, or allowing bounced checks and late payment charges.
Benefits And Costs Of Payday Loans
Loan By Phone understands that payday loans are short-term solutions. If you need a quick and temporary fix, payday loans best serve your need. Still, it is discouraged to utilize payday loans for the long term because of the high cost of the loan. Clients should understand the cost and benefits of all loan alternatives before choosing a cash advance. This way, you can become more responsible and in control of your finances.
If you take out a payday loan, but may have changed your mind, you can return the loan by the end of the next business day at no cost. This is a part of the Best Practices Guidelines set by the CFSA. Make sure that you return the money one day after you take out your loan to avoid paying loan fees.
A payday loan serves an immediate need, but it should not be used repeatedly. What this means is that individuals or families cannot be dependent on payday loans to maintain their expenses. This goes back to responsible money management. If you need a long-term solution, traditional lending institutions can give you wise options. If you need help in managing your finances, you can call the National Foundation for Credit Counseling at 1-800-388-2227. The NFCC is a network of non-profit organizations that are highly dedicated to help people learn how to manage their finances better.
If you want to take out a payday loan, you can use Loan By Phone's online facility at http://www.loanbyphone.com/. You can also call their toll-free number 877-577-7977 to complete a loan transaction by phone