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QUESTIONS AND ANSWERS ABOUT THE SIGNATURE LOAN-BY-MAIL PROGRAMQ. Why should I use your Loan-By-Mail service rather than obtaining the loan from my own bank? A. There are many reasons. Most local banks do not like to make "long-term" signature loans with no collateral. They prefer shorter term financing such as 90-day notes that can be renewed at their option and can be called in at any time for payment in full. Or, these local banks may require collateral, such as a mortgage on real estate in order to advance funds. In either case, most borrowers find they are better off with the Signature Loan-By-Mail. Q. How competitive are the interest rates and terms? A. Loan-By-Mail rates are generally the same as most other forms of unsecured loans, such as credit card advances or executive credit lines. Depending on the financial institution that can serve a borrower's particular needs, the rates will generally run from 7% to 22%. And since the Loan-By-Mail has no prepayment penalty, you can pay off the balance anytime to save even more on interest charges. Q. What can I expect? A. No lists! You will be provided with an actual application for credit based on your circumstances. In some cases, it may be necessary to fund your request from a credit card. No Question About It, We Are The BestWe provide more benefits than any company you may see advertised. If you compare, you will see we are the absolute best! Please read how to apply for your Loan-By-Mail Personal Loans. When you are ready, please Download Our Word File Application . |
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