Here are six good reasons to choose an LPI Loans consumer finance loan.
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Installment | Credit Card | Payday |
|---|---|---|---|
*This table is from the White Paper: Traditional Installment Loans are a Beneficial Form of Credit for Working Americans published by AFSA, 2015. |
|||
| Determines Your Ability to Repay the Loan | Yes | Yes | No |
| Affordable, Equal Monthly Payments | Yes | No | No |
| Balloon Payment Required at Payoff | No | Yes | Yes |
| Penalty for Early Repayment | No | No | Sometimes |
| Reports Payment Behavior to Credit Bureaus | Yes | Yes | No |
| ACH Required | No | No | No |
When you choose a consumer finance loan over a credit card and/or title/payday loan you know what you are getting into. You will be able to budget
in your exact monthly payment, you will know exactly how much your interest charges will be, and you will know exactly how long it will take
you to pay back the loan if you make your payments as scheduled.
The numbers speak for themselves!