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When you find yourself in a financial struggle, you know you have different loan options to choose from. But if you’re looking for an affordable and convenient personal loan provider, you can count on King Of Kash- The Easy Loan Store™.
There may be times in our lives that we are caught completely off guard and unaware. Sometimes we can get by ourselves, but sometimes, we know we also need help.
It could be that your one and only car has decided to give up or you suddenly got sick without any form of financial cushion at the time. King of Kash will more than just lend you money or treat you as an additional number to its business; it will also help you preserve your dignity by giving you the financial help that you deserve especially in the middle of financial struggle.
After more than four decades in the lending business, King of Kash has perfected the application and approval process. You don’t have to go through traditional credit checks or present collateral. We provide a very fast period of approval and you can be eligible of getting up to $3,000 of personal loans! And when you are approved, you can pick up your cash at the nearest King of Kash store or have it deposited directly into your bank account rather than waiting for days before it can be available to you. In most cases, bank wires are released same day and ACH transfers are available next day Monday through Friday.
King of Kash is probably one of the few lending companies with very minimal requirements. We take pride at the fact that you don’t have to procure hefty documents in order to be considered as borrower. King of Kash relies mainly on your ability to pay the loan, so it is important that you have a regular job wherein you put in at least 36 hours a week. To support your claim for employment, you need to present a document like a pay stub, award letter etc.
King of Kash also provides Liberty personal loans only to American citizens that are 18 years old and above. You must have a verifiable Social Security number, a verifiable home or mobile number and a valid ID with your current photo. You must also own an active savings or checking account as well as a debit or credit card bearing the Visa or MasterCard logo.
Loans can come in different forms and sizes. You may get a loan with or without collateral and the principal amount can vary from one type to another. A lot of people believe that personal, title and payday loans all fall in one category. However, these three are different in important ways and it is best that you understand their nature to avert risks.
Personal loans are loans that you can avail without collateral; therefore you can apply for them without presenting an asset, like a property or a vehicle. These loans are often processed very quickly and you can get approved within minutes of submitting your application. Once approved, the loan is already available for pick up or may be directly deposited into your indicated bank account.
Personal loans are often divided into easy payment installments in a 12-month period, making it easy and lighter for the borrower to pay. Lastly, personal loans do not require traditional credit checks so even borrowers with a taint in their credit report could still qualify for the loan.
Personal loans often carry fixed terms. The borrower must be able to pay the loan in a fixed payment schedule. He may be penalized when he exceeds the schedule, but the borrower is always welcome to pay off the loan early if desired. The loan is also available in fixed amounts as evaluated by the lender and the interests are fixed all throughout the payment period.
Title loans are secured loans which require collateral, usually in the form of a vehicle. A borrower with full ownership of the vehicle can use the car to get higher amounts of loan, usually depending on the value of the vehicle. Lenders typically assess the amount they are able to provide you based on the value of your vehicle, rather than on your credit score. So if you have a good and high-value vehicle as collateral, you might be able to qualify for a bigger loan amount.
Title loan lenders also follow quick and easy processing and approval system so that the borrower need not wait a long period of time to know if he is qualified.
The downside to title loans is that when a lender defaults in paying the loan, the lenders has the option of seizing the vehicle. Furthermore, vehicles that have been put up as collateral often degrades in value, so a borrower who might sell that said vehicle may not get his desired selling price. The amount of the title loan may also depend on the value of the vehicle. Defaulting on your title loan is quite risky because it is your vehicle at stake and this event could further lead to more financial stress on your part.
Much like personal and title loans, payday loans are also very accessible loans that can be applied for almost instantly. Once approved, the borrower can claim the money that very same day. Payday loans are not installment loans, and since they are mostly available in smaller amounts, you only need to provide a one-time payment and you are done with the loan.
Payday loans are known to be very expensive loans because they charge very high APR. The loan should also be paid in full on the next payday. Payday loans are often available in smaller amounts, so they may not be the best option to cure big-ticket expenses. Borrowers may also need provide lenders access to their bank accounts and run the risk of overdraft and hidden fees that further make the loan more expensive.