Latest articles by Fil Chopp

Allotment Loans for Federal Employees

Allotment loans provide a unique financial solution for federal employees, including postal workers, who need extra funds to meet personal expenses. These loans allow borrowers to repay directly from their paycheck through an allotment, making repayment more manageable and hassle-free. An advantage of these


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Secured Loans vs. Unsecured Loans: Understanding the Key Differences

At 123 Money Loans USA, we totally get it – making good financial decisions is a must! When it comes to borrowing money, you need to know the difference between secured and unsecured loans. That’s why we put together this guide – we’ll break


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Paperless Payday Loan

Apply for funding today and get approved without a credit check within one day. Money straight to your bank account! Life can be difficult and we all face extreme challenges from time to time. This can be anything, such as car repairs, emergency medical


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How Do Payday Lenders Verify Employment?

When you apply for a payday loan, the lender will typically require that you provide proof of employment. This is to ensure that you have a steady source of income and are able to repay the loan. There are a few different ways that


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How Long Does a Loan Rejection Reflect on Your Credit History?

A loan rejection can stay on your credit report for up to seven years. This is because lenders report loan applications and their outcomes to the credit bureaus. So, if you apply for a loan and get rejected, that information will become part of


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5 Best Ways to Get Out Of Payday Loans

Got into a ‘payday loan trap’? Taking out one loan after another? Rollovers, extensions, growing interest and penalty fees…. Sounds like a nightmare. But it’s a reality for those who borrowed bad credit Payday Loans online and didn’t manage to repay the money on


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How Payday Loans Can Affect Your Credit Rating

Payday loans can be a great way to get quick cash when you need it, but they can also have a negative impact on your credit score. Here’s what you need to know about how payday loans can affect your credit rating. When you


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How Payday Loan Interest Rates Are Calculated

When you take out a payday loan, the direct lender will typically charge you a fee for borrowing the money. This fee is generally expressed as a percentage of the total loan amount, and is commonly referred to as the “interest rate.” In some


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