We at North Star Advance work with lenders nationwide to get you the loan you need.
We are not a lender, but we do have a vast network of lenders intent on funding the loans that assist in meeting your financial goals.
We connect you with a lender that funds the Personal Loan, Installment Loan or PayDay Loan
Whatever kind of loan you are looking for we are here to connect you with a lender that can provide you that loan. Whether you need money now or have been searching for a way to achieve a goal that requires a more substantial assistance. Filling out the loan request form usually takes less than 5 minutes, and we have lenders that work with all different kinds of circumstances.
We have lenders for your short-term smaller dollar needs. When an emergency pops up like car repair, an unexpected medical bill or there has been a change in your income where you need some money to cover the gap in revenue. In these instances you may want to get a Short –Term loan, Installment loan, or Payday loan.
When you are looking for a more substantial loan to meet your financial goals to refinance credit cards, make a home improvement, plan a vacation, or even for wedding expenses, we are here to help you find a Personal loan for you ranging from $2,500 to $35,000.
We truly want to help you find the type of loan the will fit your financial needs. Here are the types of loans the lenders in our network offer and how they differ from one another:
Payday Loan? Installment Loan? Cash Advance? Personal Loan? What does it all mean??
A payday loan is a short term, quick fix solution for people who need cash now. They are not intended for long-term use. They are available to almost anyone over the age of 18 who has a job or source of income to pay back the debt, a checking account and identification. Interest fees are usually higher on these loans, and are paid back in full within a couple of weeks, usually on your next paycheck hence the name “payday”, though this term can be extended based on the borrower’s situation. . Lenders will usually give you a loan between $100 and $1,000 with a fee ranging between $15 and $30 for every $100 borrowed, though every city will differ based on state and local laws. The average loan that is made is between $250 and $550 on your first loan.
Installment loans are like payday loans in that they are unsecured loans meaning you don’t need collateral to get the loan. Unlike payday loans, however, a payment plan is set up at the time of the loan which creates a longer term in which the consumer is allowed to make installment payments to pay back the loan rather than paying it all back at once on a due date. Installment loans usually do not have a prepayment penalty and are usually for a larger amount.
A cash advance is essentially the same as a payday loan in terms of qualifying for it and paying it back at one time in a short period. The main difference is that a borrower is typically required to write a pre-dated check or give authorization for a bank withdrawal on a specified due date as part of the lending process. This due date is typically the same day as the borrower’s payday. This is offered in states that don’t offer payday loans such as Florida.
When it comes to a short term loan, the idea is that you are able to get cash back pretty fast and then are able to pay that back in a short term, typically two weeks or less.
Not a lender
North Star Advance is not a lender and does not fund the loans provided to consumers. We are here to connect you with a lender from the largest network of lenders we can create to serve our customers. We also strive to provide you with a good source of information on the loans you are researching so that you can make a clear choice on which loan is the best fit for you.