Making the right choices about your finances means fully understanding which options are available to you—and which make the most sense for your situation.
Personal loans combine the credit benefits of bank loans with the accessibility of payday loans to create a better option for borrowing.
Unlike bank loans and credit cards, you are able to qualify for a personal loan even if you have no credit or a low credit score.
Unlike title loans, personal loans are unsecured. That means you do not have to put up your house, car, or other belongings as potential collateral when borrowing money.
Steadily build or repair your credit score by making timely payments on your personal installment loan.
No limits on how many times you can borrow. You qualify for a new Stepstone loan as soon as you have paid off your existing one.
If you have no credit or a credit score below 600, you may feel like your options are limited to payday lenders. However, their terms don’t always make them the best choice for those looking to adhere to a budget.
(1)- CFPB, “Payday Loans and Deposit Advance Products”
(2) Center for responsible Lending, “The State of Lending in America & its Impact on U.S. Households.”
(3)- CNBC, “Payday loans can have interest rates over 600%—here’s the typical rate in every U.S. state”, Feb 2021
(4) Federal Trade Commission, “What to Know About Payday and Car Title Loans”, May 2021
In addition to providing you with cash, we pride ourselves on also providing you with stepping stones to more opportunity — from the choices you have on how you use your loan, to the ones enabled by building your credit score through timely repayments.
Come into one of our local branches to experience custom guidance and assistance or apply online from the comfort of home. We’ll work with you to meet your needs and your timeline.