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June 10, 2021
3 minutes to read
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“How am I going to pay for this? It’s a question we’ve all asked ourselves at one time or another. Whether it’s buying a bulky item, furniture for your home, or paying for a family trip, most consumers have to consider how best to pay for a large purchase. What is the right choice? Credit cards, store financing, debit cards, and even cash are options. But there is a new “old” option available to consumers – the personal loan.
According to encyclopedia.com, personal loans have been around since ancient Greece. In more modern times, the use of personal loans increased in the early 1900s as a financial tool for low-income consumers. Fast forward to today, and personal loans are experiencing a resurgence in use because they do not require collateral and offer simple interest with fixed monthly payments. Plus, personal loans can be used to pay off just about anything, and the process to get one is relatively quick – all of the benefits that make it a preferred and affordable option. But as the interest in personal loans has increased, so have providers. How do you know which lender is right for you?
Technology that sees your potential.
Since 2015, LendingPoint has been on a mission to improve the personal loan experience. They’ve spent years perfecting smart, proprietary technology that, in seconds, examines a consumer’s borrowing potential and uses those data points to create a personalized lending solution.
LendingPoint is an online lender, which means you don’t have to search for a branch or office in your area. You have the advantage of applying when and where you want. Starting with a simple application, you will first check your loan options. In less time than it takes to listen to your favorite song and without impacting your credit score, you can see the loan amount you are eligible for and the different payment options.
Next, select the best loan terms and monthly payment for you, provide some additional information to complete your application, and then finalize by signing your loan agreement.
Once approved, your loan funds could be in your account as early as the next business day. Ready to see your loan options? To start HERE.
The path to follow.
LendingPoint’s goal is to create frictionless access to money when and where consumers need or want it, so that everyone can have the opportunity to explore what’s possible. LendingPoint is committed to saying “YES” more often by providing flexibility and financing opportunities to consumers at any point in their trip.
To learn more about LendingPoint or apply for a personal loan, click HERE.