The flexpay system of small, personal loans is a perfect choice for those who are tired of navigating the harrowing worlds of traditional lending and taxing payday loans. Installments loans offer a more forgiving alternative for anyone who needs fast access to cash but who has limited means to repay their loan. It’s the ideal way to bridge the gap between your lacklustre paycheck and your necessary expenses – one that won’t lock you into strict repayment terms!

Flexpay is the way to pay your bills and keep the lights on without having to choose between the two

 

As the name suggests, flexpay loans offer a flexibility missing in most financial products. Through traditional lenders, they require complete financial histories that include your credit rating before they can approve your application. A low credit score will automatically disqualify you from their products. There are plenty of small dollar lenders that don’t require the in-depth evaluation of your finances like a bank does; however, they have their own drawbacks. They typically have higher interest rates and they require full repayment by your next scheduled payday. When credit ratings are low and money is especially tight, neither of these options are a practical way to pay for your bills.

Installment loans, on the other hand, are exactly what you want in your time of need. You don’t need to provide your full credit rating in order to apply. In fact some lenders ask of you very basic contact and financial information in their applications, so a sup-prime score won’t prevent you from applying or qualifying. Unlike payday loans, its full repayment isn’t scheduled for your next payday. These financial products, like the flexpay personal installment loans from MoneyKey, are repaid in smaller portions scheduled over several weeks. By prolonging your repayment by several pay periods, you can ease the burden of your loan and take the strain off of your budget.

Though these opportunities provide a more flexible alternative to other lending options, it’s still within your best interest to scrutinize the source of your flexpay system. Be sure it’s coming from a lender that has your financial health in mind, as this will guarantee their flexible terms are reasonable for your situation. State licensing for lending in your state is a great way to identify those lenders who are offering responsible options. Those that can’t produce this license are probably predatory scams and should be avoided.

Research your options with discernment, and you’ll be able to recognize a state licensed lender that can help you with a flexible means of borrowing that fits your financial capabilities. Even when there’s a large gulf between your income and your needs such as essential business functions, you’ll be able to make your way, as long as you find a lender you can trust.