Are you one of the millions of Americans who suffer from a poor credit score?
Whether you had difficulties making payments years ago or simply haven't had the time to build up decent credit, your bad credit score will probably make it difficult to get ahead financially.
Fortunately, there are a few options for people with bad credit when they need to borrow money - and a personal loan from Atlas Credit may be your very best bet.
What is a Personal Loan?
First of all, a personal loan from Atlas Credit is nothing like a payday loan. While payday loans are also available for people with bad credit, the repayment plan for a payday loan is harsh by comparison.
It's right there in the name. A payday loan should be paid back by your next payday - or else. And the interest added on these loans is sizeable, to say the least.
Personal loans, on the other hand, are like a direct infusion of cash to your finances that can be paid back at your leisure. You won't have to offer up your home for collateral, and you won't have to lose an arm and a leg to pay it back.
While it may be tempting to borrow a large sum once you realize you can finally secure it from a lender, you should limit what you actually borrow.
The size of your bad credit personal loan should be equal to or just slightly more than the exact amount you need to get by. If you need it for your monthly expenses, consult your budget to determine how much that will be.
Because remember: whatever you borrow must be paid back. By limiting the value of your personal loan, you'll get it paid off far more quickly.
Reclaim Control over Your Money
With a simple supplement to your money clip like a personal loan, you can easily afford whatever you need to pay for - immediately. No more digging for coins in your sofa or asking relatives for money. You'll be in control, and you'll soon find yourself ahead financially.
The best thing about a bad credit personal loan is that the flexible repayment schedule can prevent you from ending up worse off than you started. Where a payday loan or a loan from your bank might hurt your credit if you don't make the steep monthly payments, a personal loan from Atlas Credit can be repaid over a 5 to 12 month period.
That means more affordable payments, and less stress on your monthly budget.
So if you're in need of a quick and easy financial stimulus, try a Longview, Texas or Houston, Texas personal loan from Atlas Credit today!