Fast Installment Loans with Cascade Springs Credit
Getting fast installment loans nowadays may be easier than before. However, depending on the lender the loan process could still take a few days before you can actually get your money. And not only that, after the long waiting you could still get a negative answer from the lender.
Technology has come a long way from the days when you needed to have tons of paperwork in your office only to see the credit history of one single person. Back in the day, this was one of the reasons lenders took a lot of time to process loan applications.
Now even with the internet, and the cloud systems that actually help us to have all the data stored and saved for us to use anywhere in the world, some lenders are still taking their time to make approvals.
Why Do Lenders Take Time To Process An Installment Loan Application?
There are a few valid reasons why lenders waste so much when it comes to giving you an answer to your applications. It doesn’t matter if it is an installment loan, a personal loan, a mortgage, you still have to wait.
Here at Cascade Springs Credit Loans, we’re going to show you which they are so you can stay calm when you are in a loan process.
- There Are More Rules for Verification
Depending on the state you are living in, there may be more or fewer rules that lenders need to follow in order to approve or deny a loan application.
For example, in 2014 new mortgage rules came out, hence lenders needed to take more time to review the borrowers’ applications or to originate home loans, according to the new guidelines.
This can be seen with the Ability to Repay rule because lenders need to see the financial stability of the borrower and find out if they can actually pay.
- The Staff May Have a Lot of Paperwork to Do First
There are a lot of people involved in the installment loan process, such as the loan officers, processors, underwriters, you name it. They also represent each stage that an application needs to pass through in order to be approved.
Each one of them may or may not require more paperwork according to what the staff sees in the documents submitted by the borrower. Hence, the waiting process scales up.
However, lenders are investing in technology and digitalizing all the information they can, so the waiting times can be reduced.
- Low-Interest Eras Mean Busier Lenders
Our economy is based on credit and interest rates, we know that.
Therefore, whenever there are low-interest rates in our economy, lenders tend to get busier because there are more loan applications than at other times.
This is because getting a loan at this moment it’s cheaper, and people that are able to repay money know it.
Cascade Springs Credit Loans Offers You Fast Installment Loans
According to the amount of money you want to borrow the application can take more or less time. It also depends on the lender, as we mentioned before.
When you are applying for an installment loan, you need to have in mind all sorts of documents that can be requested so your application can get approved in no time and you get your money.
After all, if it’s an emergency, you need it ASAP.
Now, here in Cascade Springs Credit Loans, you will be able to find our Oxford Financial Services and request a loan that fits entirely to your needs and payment possibilities.
We look at our customers’ applications in detail so we can provide the best deal for them.
Of course, we also analyze your financial situation as a whole and we run credit checks, but we take into count your monthly income and other personal factors as well that will help you fit into one of the loans.
All that information will give us a hint so we can know at which service you may qualify.
You will be able to separate your loans in several installments, so they can be easier to pay off. You also can use collateral, so you can have a preferential interest rate in comparison to an unsecured loan.
Once you get approved, you will have your money deposited into the bank account you provided in the next business day. We don’t take as much time as other lenders to approve your funds.
Contact us, so you can start your loan application now and have an answer from our customer service in 24 hours.
Where could you save your emergency fund?
The most important part of the emergency fund is where are you going to save it.
You see, people will tell you that the best place to have your money is in cash “under your bed”, because that way it is more reliable and easier to get.
But sadly, that is a common mistake.
There is something called inflation, we are all familiar with it, because it has been melting down our acquisitive power throughout the years. And if you leave that money standing still, without earning anything but dust, it will get consumed by it.
After all, there is a good chance that you will never use your emergency fund.
So, here’s what you can do to have your emergency fund and earn passive income at the same time. You can use a high-yield savings account, where you will earn interest for putting your money on hold there.
It won’t make you rich, but you will be beating inflation in the US and will make you more money for the time you need your fund.
Now that you know how to establish your emergency fund, you can use this knowledge to change your personal financial situation.
And in the case that you need extra money because your fund isn’t enough, you can contact us in Cascade Springs Credit so we can discuss how to help you overcome your financial situation.