BBT Bad Credit Unsecured Personal Loans Cash Advance Payday Loan Alternatives with Interest Rates Rather Than Fees
Posted on | June 22, 2011 | Comments Off
Even though Many major media outlets are reporting that the overall economy is getting better it is still the case that the unemployment rate is at 9.1% and millions of Americans are struggling to make ends meet. With this in mind it is always a wise choice to have a plan to borrow a little bit of extra money before getting into a very poor financial situation.
Many individuals will seek to BBamp;T bad credit unsecured personal loans over the next several months as the overall economy does not improve. These personal loan for a cash advance payday loan alternative that will offer customers an opportunity to pay back the loan in the form of monthly installments rather than all at one time.
With a cash advance payday loan it is usually the case that the customers will pay upfront fees between $15 and $35 for every $100 borrowed. It is important to note that these fees often reset each time a customer receives a paycheck and does not pay the loan off in full. As one can imagine, this could cause huge financial problems in the very near future.
With a bad credit unsecured personal loan it is often the case that customers will have to go to the credit check process which will determine the interest rate on the amount of money borrowed. Customers will then make monthly payments of principal and interest over the course of the loan term.
Remember that BBamp;T is one of the largest financial institutions in the country but definitely not the only option when it comes to locking in to an unsecured personal loan. With over 7000 FDIC insured banks throughout the country it should not be extremely difficult to find a financial institution that is willing to help when it comes to borrowing money.
Author: Mike Garner
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