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Avant Personal Loan

Personal loans from Avant may have less credit requirements, but their loans come with a lot of fees. On the other hand, Check City Personal Loans don’t have any origination fees!

Personal Loans are loans that you pay back through monthly installments for a set period of time outlined in your loan contract. Generally, personal loans can be used for any personal reason. Avant personal loans are most commonly used to consolidate debt, cover emergency costs, or improve your home.

Avant Personal Loans: A Quick Look

When shopping for a loan the first things you’ll want to know are all the basics like loan amounts and APR. Let’s take a quick look into the basics of an Avant personal loan.

Loan Amount: $2,000 to $35,000

Rates: 9.95% to 35.99% APR

Fees: no prepayment fee, but there is a 4.75% administration fee, a $25 late fee, and a $15 dishonored payment fee

Terms: 24 to 60 months (2 to 5 years)

Basically, an Avant personal loan offers some pretty standard loan terms, with the added bonus of allowing lower credit scores to still apply. But Avant does have quite a few fees for administration and late or failed payments.

Who are Avant Personal Loans Perfect For?

There are a couple of reasons why an Avant personal loan might be right for you. Avant personal loans are catered toward borrowers with less than stellar credit. Also, if you want to check their personal loan eligibility you can easily do so on their website without negatively impacting your credit score. The bottom line is that Avant personal loans are perfect for borrowers with low credit scores looking for loan amounts between $2,000 and $35,000.

PROS

  • Fixed payments
  • Quick application
  • No prepayment fee
  • Funds the next business day
  • Low credit borrowers can apply

Who Should NOT Get an Avant Personal Loan?

If you have a credit score that is average or better, then you might want to consider other loan options where you can get an even better interest rate. Avant personal loans are also not ideal for loan customers that frequently make late payments or can’t afford any additional fees.

CONS

  • 4.75% administration fee
  • $25 late fee
  • $15 dishonored payment fee

An Alternative to Avant Personal Loans

Looking for an alternative to Avant personal loans? Then look no further. Check City Personal Loans also allow borrowers with low credit to apply, but unlike Avant personal loans, Check City doesn’t have any origination fees. Check City also offers shorter loan terms so you can get smaller, easier to pay back loans. But these aren’t the only reasons to check out a Check City Personal Loan.

Reasons to Get a Check City Personal Loan:

personal loan review

Direct Lender. Check City is a direct lender, meaning they don’t just connect you to lenders, they are the lender.

State Licensed Lender. Check City is a licensed lender in each state they operate in. That way you’ll always know your Check City loan is secure.

Fast Online Application. Check City loan applications only take a few minutes to fill out. All you need is a couple of minutes!

No Origination Fee. Check City won’t charge you just for starting an account.

FAST FUNDS. Visit a Check City store to apply and you can walk away with your cash in hand today!

How to Apply for a Check City Personal Loan

The loan application process at Check City doesn’t take very long. All you need is a few short minutes and some documents to complete your application and move on to getting your loan funds.

What You’ll Need to Apply:

  • A government ID
  • Proof of bank account
  • Proof of direct deposit
  • Proof of income
  • A valid phone number

APPLY ONLINE. Would you rather apply for a loan in person? Check City provides that option too! You can also apply for a Check City Personal Loan over the phone or in the store.

APPLY IN THE STORE. By applying inside the Check City store, you can actually walk out with cash in hand in that very same visit!

Or call Check City’s LOANS BY PHONE NUMBER: 800-404-0254 to speak with a Check City representative and apply over the phone.

The Check City personal loan was created for everyone. Anyone can apply and get their funds FAST with our simple streamlined loan process. Don’t hesitate to give us a call, pull up our website, or visit your neighborhood’s Check City store to get your money now.

COMPARE SIMILAR PERSONAL LOAN OPTIONS

Check City Discover PNC Bank US Bank Avant
Amount $300 to $3,000 $2,500 to $35,000 $1,000 to $35,000 $3,000 to $25,000 $2,000 to $35,000
Rates lower APR than our payday loans 6.99% to 24.99% 5.99% to 25.99% 6.49% to 17.99% 9.95% to 35.99%
Fees no origination fees no origination fees, no closing costs no origination fee, no prepayment fee, no application fee, but there are late fees no origination fee, but there is a prepayment penalty no prepayment fee, but there is a 4.75% administration fee, a $25 late fee, and a $15 dishonored payment fee
Terms 6 months 36 to 84 months 36 months 12 to 60 months 24 to 60 months
Min. Credit Score none 660 high credit score n/a 580

Don’t settle for less in a personal loan. Research the personal loan options available to you before making a choice. That way you’ll know you’re getting the best personal loan for you.


8 Proven Tools to Help You Get Out of Debt

get out of debt

A mountain of debt is nothing to scoff at. It’s a huge financial burden to have a 30-year mortgage, car payments, and loans demanding your attention every month.

 
If there was ever anything that made you feel like you never see your paycheck, it’s paying off debts.
 
For that reason, many people are looking to dig themselves out of their mountain of debt so they can breathe again. The following are 7 proven tools you can use to get yourself out of debt and start a new debt-free life.
 

#1: Pay More Than the Minimum Payment Each Month

If you can afford it, pay more than the minimum payment each month on your debts. Every extra penny you put toward paying off your loans brings the end of your debt a little closer.
 
For a short-term loan, you can decrease the term of the loan by a month or two by making larger monthly payments. For a mortgage, you could reduce the term by a year or two.
 
Increasing your monthly payments can take considerable effort and budget planning, but if you work through the following tips, you could make it happen.

#2: Make More Money

Easier said than done right?
 
Digging out of a sticky situation is never easy though. It requires effort.
 
The best thing about this tip though is that increasing your monthly income will improve your overall financial situation for when you do dig yourself out.
 
You can make more money by seeking a raise, promotion, a second job, or starting your own business. There are lots of side job opportunities out there, like driving for Uber or Lyft. You could also take up freelance work, an evening delivery job, or find some contracted work you can do on the weekends.

#3: Spend Less Money

Figure out how to spend less in your day-to-day life.
 
Reduce your food expenses by cooking at home instead of eating out. Reduce your grocery bills by planning meals around coupons. Cut down on your vehicle maintenance payments with carpooling, public transportation, or selling your second car if you can manage to live without it. Sharing gas, using public vehicles, or getting rid of an extra car each come with significant financial gains to your budget. You spend more every month on driving yourself to work every day than you’d expect.
 

“The safest way to double your money is to fold it over and put it in your pocket.”

—Kin Hubbard

Almost every budget has categories that can be diminished to save more money and spend more on debt payments. Find those parts of your budget where you can save extra money, replace expensive parts of your budget for cheaper alternatives, or save all the money from that part of the budget by cutting something out completely. You’ll save a ton of money that you could put toward debt payments this way.

#4: Don’t Get Into More Debt

Avoid replacing your debt with more debt.
 
Taking out a second loan to pay off your first one just puts you in a deeper financial hole. More debt is not a long term solution for the debts you have, though this solution could be tempting to some. Deny the temptation and use other solutions instead, like selling something, or finding a weekend job.
 
Working 2 jobs might seem like an awful idea, but it would only be for a little while until you’re able to get your debts under control.

#5: Refinance Your Loans

When possible, you can try refinancing your loan.
 
After a long period of good behavior, you can approach your lender for some leniency. They can take a look at your loan again to reevaluate the situation. If you meet their requirements, you can get your interest rate reduced.
 
In terms of a mortgage, that could mean you’ll owe the bank several thousand dollars less. Every scoop your lender can dig off for you is a win. So seek a refinance when it’s possible.

#6: Build Your Savings Account

Even though you’re paying down debts, it’s still important to put a little away every month into a savings account.
 
Even $20 a month will go a long way in a year. Every little bit helps. Put away money as a buffer for upcoming payments and as a safeguard for you or your family.
 
For instance, if you lose your job, a savings account will allow you to continue making on-time payments for your debts while you work on getting your next job.
 
When you have lots of debt payments to make each month, it can also be difficult for your budget to have room for unexpected or emergency expenses. A savings account will provide the funds you need when monetary needs outside your budget come up.

#7: Make a Budget

If you have a budget already, reevaluate it.
 
Once you have a budget, don’t spend a penny more than what you have planned and outlined in your budget. Your budget should be a law that you live by.
 
If you do this, you can keep your spending to a predictable amount, allowing you to save more money to pay off your bills.

#8: Consolidate Multiple Debts

If you have multiple debts or loans, you can possibly consolidate them into one loan.
 
By putting all your debts into one loan, you can lower your interest rate and pay less extra money on the loan in the long run. Having just one single payment each month can also help simplify your budget to include fewer variables.

 

As you apply these seven principles, you’ll be able to chip away a bit more at your mountain of debt. Become proactive in your debt management. The sooner you do, the sooner you can declare yourself financially independent. Once you reach that point, you can finally reap the benefits of a healthy paycheck.


What is Credit Card Debt Consolidation?

Credit card debt consolidation is a tool that you may be able to use to help you get out of credit card debt. If you find that you have multiple lines of credit open and you are required to make a payment on each line of credit every month, it can be hard to successfully manage your debt. Managing your debt when you only have to make one payment is a lot easier. So, as you shop for a consolidation program it is important that you keep these tips in mind.

First, you have to make sure that your debt consolidation program is a program that you use but you will also want to institute healthy spending habits. It is important that you are managing your money well and that you realize that a consolidation program is not a cure all. By managing your money well and consolidating your debt, you can have an easier time paying off any debt that you may have accrued.

Second, while you are looking through consolidation services it is important to understand exactly what they are going to provide for you and exactly what you are going to get from them. Often times, debt consolidation companies will charge a pretty penny for their services and they end up doing something that you can do on your own. You want to understand exactly how much you are going to be paying those that are helping you with your debt consolidation program. Look into the interest you will pay, the up-front charges you will pay and the monthly charges that you will pay so you can be sure that you are aware of your total cost. Then, start doing some research about any consolidation that you can do on your own.

Third, it is important that you know how much money you will have to pay to pay off all of your debt. This may sound like an obvious thing to do, but there are many people that do not realize that they can end up paying more when they consolidate their debt. If you are going to have to pay more in interest over the years, it may be better to simply leave your debt the way that it is. If you can consolidate your debt, pay it off quickly and save money then the consolidation process and the fees associated with the consolidation may be well worth it.

Fourth, there are some people that will put their house on the line to ensure that they can consolidate their loan quickly. When you put your house on the line, you will be securing your debt with a very important asset. You do not want to even consider this option if you do not have at least 20 percent equity in your home by the time you are looking to consolidate your debt. It is important that you are not risking your home without doing an extensive amount of research to understand the process.

Fifth, if you are going to use a debt consolidation company you will want to get to know the company well. Do some research about the company and read customer reviews online so you can better understand what kind of company you are going to be working with. It is important that you are working with a company that is rated well and that people have had a good experience with. More than likely, you will find that there are some negative reviews with every company. Rather than looking at just one review, consider the reviews as a whole and look for trends with the reviews that you are reading.

Finally, don’t be afraid to try to consolidate your debt on your own. You may be able to consolidate your debt without having to work with a debt consolidation company. By consolidating your debt on your own, you can save yourself a lot of money and even a lot of time. Don’t be afraid to do the research that you would need to do to in order to learn how to go about consolidating your debt.

Debt consolidation programs can be a great way to get yourself into a healthy financial state again. Don’t rule out the option, but make sure that you do your research ahead of time to ensure that your debt consolidation program is going to be the most beneficial way to attack your debt. Then, you can be sure that you are doing all that you need to do to get yourself out of debt and back on track to a healthy financial position.

Reducing Credit Card Debt Wisely

When you know that you need to reduce your credit card debt, it is important to understand that you will need a plan. Planning to reduce your credit card debt will enable you to track your progress and ensure that you are going to achieve the goals that you have set. Don’t be afraid to sit down and assess your situation to ensure that you are able to make a comprehensive plan that will help you get out of your credit card debt as soon as possible.

Lower Those Interest Rates

First, you should be sure that you know where you stand. There are a lot of people that do not have an accurate idea of how much money they really owe to their creditors. You should be sure that you take the time that you need to look through all of your debt and figure out exactly how much you owe and to whom you owe money.

Once you have figured out how much money you owe you will then want to figure out the interest rate for each line of credit. Paying off credit with a high interest rate first will ensure that you are not wasting money throughout the time that you are working on paying off your debt. Make sure that you have your interest rates correct when you are figuring out which line of credit you will want to start working on first.

When you know how much your interest rates are, you will then want to see if you can get them lowered. There are a lot of people that do not realize that by simply calling their creditor they can get their interest rate lowered and save hundreds of dollars as they are working on paying off their debt. Call each of your credit card companies and make sure that you ask politely to see if there is any way that you can get a lower interest rate.

Consolidate Those Debts

Once you’ve negotiated your interest rates as low as you can with your credit card company you should look into whether you could get lower rates with a debt consolidation loan. Getting a debt consolidation loan will often allow you to pay off all of your higher interest credit card debts with a more manageable lower interest loan. It will also allow you to focus on paying off one loan as opposed to making payments to several different companies each month.

After you know exactly what you owe and who you owe it to, you will then want to track the costs that you incur throughout the month. There are a lot of people that do not realize how much money they are spending on things that they do not need. You should take the time that you need to look through the different costs that you incur and then figure out which costs you can systematically get rid of. When you know which costs you can get rid of, you can put that money toward the debt that you are working on paying off.

Figure Out a Budget

As you get your finances under control, you will also want to create a reasonable budget for yourself. A reasonable budget will provide you with the money that you need to pay all of your necessary bills and ensure that you are not spending too much money. Don’t be afraid to reach a little outside of your comfort zone with your budget. You may need to cut some of your luxury expenses, but getting your finances under control will be well worth the cuts.

When you have your finances under control, you can then start making payments on your credit cards. The most effective way to eliminate debt is to put all of your extra cash toward the credit card with the highest interest rate. You want to make sure that you put as much money as you can towards paying down your debt. While you are doing this you will also want to make the minimum payments on any other credit card.

As you pay off a credit card you can then move the cash that you were using for that card and put it into another card. Continue paying off all of your cards to ensure that you do not owe any money to a credit card company when you are done.

Once you get yourself out of debt, it is important that you then stay out of debt. Working to stay out of debt can be frustrating when you are used to poor spending habits, but if you can recognize those habits and do all that you can to change them, you will be able to keep your debt to a minimum. One additional tool that you can use to help you stay out of debt is prepaid credit cards, this will allow you to still use the functionality of a credit card for paying bills etc.. but you will be more aware of how much you’re spending. When you keep your debt to a minimum, you can use your money as you wish rather than having your minimum payments dictate where you can spend your money.

Exploring Your Options to Get Out of Debt

When it comes to getting out of debt it can oftentimes seem like a insurmountable task. Depending on the cards life has dealt you, the extent of your debt will vary. Regardless of the amount of debt you may have incurred whether personal or business below is a list of options you might consider to get out of debt.

Credit Card Debt Consolidation

What is it? Credit card debt consolidation is the process of taking all of the debt you’ve accumulated on multiple credit cards consolidating it into one debt consolidation loan that you pay monthly.  It was created as an aid to help people with multiple credit cards pay off their debts rather than default on them.

It is extremely helpful to people that struggle with various interest rates. All credit card debt is added together into one bill that is given a particular interest rate. In some cases, that interest rate will be lower than that of many of the cards taken into consideration. Debtors then have a more manageable sum of money to pay back.

It is also wonderful for those that truly struggle to remember all of the deadlines associated with their credit cards. Consolidation into one monthly bill will help ensure that the credit card companies get paid. They fear one thing and one thing only: not getting the promised money back in a timely manner. Credit card debt consolidation helps that process go through more reliably.

Other Benefits

The added benefits include a sense of relief for finding a light at the end of this very long tunnel. Managing multiple accounts is extremely stressful. They take a lot of energy and worry. Bringing them together into one relieves much of that burden. The payments are more manageable in the mind this way.

The creditors and collection agencies also lay off the pressure. Your phone lines are clear and threats are diminished.

Everything happens behind closed doors. Your debt consolidation services work under discretion. They talk directly to your creditors and in essence, explain the situation. They petition for reduced interest rates and help meeting the debtor in the middle to ensure they get paid.

The main danger with credit card debt consolidation is finding someone honest to do it for you. Unfortunately, just as in every business where money is involved, there are the sharks that will ruin it for the rest of us. They will try to scam you. Their tricks will leave you in a worse position than when you began.

There are a few things you can do to make sure you are properly informed and prepared to go through this process.

First, call your creditors yourself (since this is what debt consolidation companies would do for you anyways). Explain your situation and express your desire to pay them back. Many times, they will be willing to work with you to negotiate a new payback plan. This can include lowering your payments, interest rate, late fees, etc. They will often take a lower payment to bankruptcy any day, as you may actually pay your debt back when they meet you in the middle.

Second, seek out the help of a professional. This can mean you go to a reputable debt consolidation company. It can also mean you visit a credit counselor, or a bankruptcy lawyer. Any of these options can help guide you to a payment plan that actually works for you.

Third, do some research on the companies and professionals you talk to. One of the best reporting sites on the web right now is the Better Business Bureau. If people are having trouble with a business, it’s reported to the Better Business Bureau. More and more rating sites are showing up on the web. Yelp and Google are just a few examples of places looking to give you honest ratings. See what you can find to validate that these guys know what they’re talking about on the web.

Credit Card Debt Consolidation might not be the best thing for you either though. If you would rather just grit your teeth and punch your way through this thing, there are a couple of other options to consider.

Work another job

If you can, add another job to your list. Working two jobs can be an uncomfortable experience, but it can sometimes give you just the money you’re looking for. You’re not the only one that could take the extra job though. A wife or older child could help out as well, if you asked.

Find an investor (if you’re starting a business)

Find someone who believes in your work enough to invest in your company. Investors can help you out of tight spots occasionally.

Bankruptcy

What is bankruptcy? Bankruptcy is a way to stave off the creditors when things get really bad. When you file for bankruptcy, you are alerting the public that you are unable to pay off your debts. There are a number of different “chapters” under which you can file for bankruptcy. Each means something different to the law (and your creditors) and each absolves you of certain responsibilities (if your filing is approved). The following are the 3 most common.

Chapter 7

Chapter 7 is the most popular type of bankruptcy. Under Chapter 7, you liquidate all valuable property to pay off a debt. You essentially sell everything worth something; put the proceeds in the debtor’s hands, and whatever’s left of the debt is no longer your problem. This type is extremely difficult to qualify for and various parts of the law vary from state to state. The main effect is that you get to start over with a fresh slate as a Chapter 7 will clean up the loose ends.

Chapter 13

Chapter 13 is essentially a re-evaluation of the current payback plans. Whatever the reason you cannot pay back your debt according to the current payback plan. As you can imagine, most collectors aren’t very lenient on this matter. You want to pay it off, but can’t seem to find a way. That’s what Chapter 13 bankruptcy is for. Debtors come to the court system waving a white flag and asking for a more lenient pay back schedule.

To qualify, you must have less than a million dollars in secured debts and less than $360,000 in unsecured debts. The exact numbers adjust according to the current consumer price index, so be sure to check what the true limit is before you try filing. Any more than these amounts will disqualify you on the spot.

They come forward with more than just a white flag though. The law requires you give a full disclosure of your assets, income, debts, and other financial information pertinent to your current situation. You must also have a steady source of income and present a proposal of a payment plan you can afford to pay off over the next 3-5 years. The benefits are amazing. You get to keep your current assets and get a more manageable plan to work with, a plan that your creditors can’t demand more from over the course of the bankruptcy.

When you receive the green flag to go through with the new payment plan, you must keep to it.

Chapter 11

Chapter 11 bankruptcy is most popular with people in the business sector. It is the next resort for people that have secured, or unsecured debts that exceed the limitations of Chapter 13. Very few individuals have opportunities to be in that much debt (hence the reason businesses tend to take advantage of it more often).

Chapter 11 offers companies some time to continue operations as normal until their case is completely reviewed, even though they are in considerable debt. In filing for chapter 11, the debtor agrees to only purchase things needed for day-to-day operation; not sell any major piece of equipment, a part of the company; and not expand in any way. This can sometimes lead to closing locations, laying off employees or renegotiating existing contracts with unions.

If it doesn’t look like the company is going to operate profitably while making payments, their filing may be converted into a chapter 7 case.

What are the consequences of filing for bankruptcy? Filing for bankruptcy is detrimental to your credit. It is the ultimate breach of trust in a person. Consequently, it may be almost impossible to get good credit again for years to come, chapter 7 cases taking longer than 13. Your credit history sticks with you for a very long time too. Bankruptcy may be a good way out of your current predicament, but it sticks to you like a black eye for years to come.

You also become ineligible to apply for bankruptcy again for a further 8 years, meaning that you need to get responsible with your credit again if you want to make it through the coming decade.

Filing for bankruptcy can also hurt your future career opportunities. If you drove your personal finances into the ground, what are the odds that you’re going to do well by the company, especially if you were a director or spender of money? Your career can plateau pretty quickly when you can’t be trusted with the expenses of the company.

Going for bankruptcy isn’t always your best option when it comes to getting out of debt. It is a great way to legally extend your time to pay back your debts, but you will be hurting over it for a long time to come.

There is a way out of nearly every situation. Regardless of which option you choose to get out of debt Check City is here to help you out. Whether it’s a cash advance to by you a little time until you decide which option is best for you, or a deb consolidation loan to get all of your payments into one convenient payment we can help. Take your time deciding which route is best for you, it’s important to know your options and choose one that will work for you.

 

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