Miami, FL Payday Loan Alternative
Along with being home to the Miami Dolphins, Miami Heat and the Miami Marlins, this city boasts some of the best beaches in America. The city, known as the cruise capital of the world, has been known to be the richest city in the country. Despite this title, many citizens of Miami are struggling financially and living paycheck to paycheck. In times of emergency when funds are needed to cover unexpected expenses, people often turn to payday loans in an attempt to meet those obligations, not knowing that other alternatives, such as installment loans, are available.
What is a Payday Loan?
Payday loans are temporary loans that are meant to be paid back when a person receives their next paycheck. Unexpected expenses can strike suddenly when needed for car repairs, medical costs or an increase in bills. In situations like these, payday loans can appear to be an attractive solution. However, it is important to note that payday loans are only intended to be used for very short-terms and need to be repaid, on average, within two weeks. Many people in Miami cannot repay the loan in that short amount of time, so they get an extension. These rollovers can end up costing a significant amount of money in fees. As this continues to happen, it perpetuates a cycle of debt that can be difficult to escape.
A Better Loan Alternative
Blue Trust Loans is a reliable lender that offers a better alternative to payday loans for the people of Miami. Installment loans from Blue Trust Loans can provide funds up to $3,000 which will be repaid in installments over time, offering greater flexibility than payday loans can provide. The online application process is quick and easy. To qualify for a Blue Trust Loan, you must meet certain eligibility requirements, which include, but are not limited to: being at least 18 years of age and a citizen of the United States. You must also have a valid checking account that meets minimum open duration requirements. You cannot be in bankruptcy proceedings or have intentions to file for bankruptcy. Blue Trust Loans does not extend loans to active duty military, their spouses or dependents. Other requirements and restrictions may apply.
Applying for a Loan with Blue Trust Loans
When you fill out an application online, you will be asked several standard questions about yourself. You will need to provide your name, phone number, Social Security number and email address. You will also need to provide verifiable information about your employment and income. Once approved, you could receive up to $3,000. The funds may be deposited into your bank account as soon as the next business day.
Just because you are short on cash does not mean that you are short on options. Blue Trust Loans can give you an alternative to payday loans. With an installment loan from Blue Trust Loans, you can receive the funds you need quickly and enjoy the flexibility of repaying your loan in manageable installments. Apply now!
References:
1 https://www.reference.com/geography/miami-known-d1421502a2678f72
The content on this site is for informational purposes only and is not professional financial advice. Blue Trust Loans does not assume responsibility for advice given. All advice should be weighed against your own abilities and circumstances and applied accordingly. It is up to the reader to determine if advice is safe and suitable for their own situation.