payday loans

Payday Loans Vs Personal Loans

What Is The Difference Between Personal Loans And Payday Loans?

Personal loans and payday loans are ways to pay for expenses that you might not expect and might not be able to afford. Sometimes, it’s hard to predict when you will need extra cash. Other times, you have advance notice that you will need money for a particular event or occasion. How will you get the money you need? Payday loans and personal loans are two different types of loans with different approaches to getting extra money. Also, if you have yet to file your taxes … Click Here!

Personal Loans Have Advantages That Pay Day Loans Do Not

Personal loans aren’t like mortgages or even car loans because you don’t have to have collateral to trade for the loan. These loans are generally processed fast and you only need documents like pay stubs and bank records. You get lower interest rates compared to payday loans so this is a good option for getting extra money. You can also consolidate credit card debt under one loan and then pay that loan off at a lower interest rate. The loans are generally easy to get and they can be used for any reason. Some people use them for medical bills while others use them for weddings or home renovations. There are no right or wrong reasons for these loans.

Payday Loans Have Extremely High-Interest Rates

Payday loans are much more short-term and usually need to be paid back the next time you get a paycheck. They just help people with jobs bridge their temporary cash shortage until they get paid again. Lenders will look at your employment and your bank account to set a credit limit, which can arise over time if you have a good record with them. There are no credit ratings or collateral needed to get the loan. You just have to fill out an application and the initial loan amount will be lower. If the loan isn’t paid back on time, interest rates can be very steep.

Which Loan Option Is Best For Me?

When it comes to getting cash quickly, personal loans are always going to be cheaper than payday loans. Personal loans are a great way to get a good amount of cash for a project or need and then you have the option to pay it back in low monthly installments. They don’t come at a big expense to you and can be done promptly as well. If at all possible, personal loans are the better way to go for your cash flow needs. Check with the experts about how much you can get and how fast.

Apply For An Online Loan Today!

Whether you need money for a new business, have an upcoming vacation, or simply want to get rid of old credit card debt, the professionals at Champion Financial Services can help. We have several different loan options including title loans, pawn loans, and personal loans. Let’s talk about your needs and get you started down the right path to fulfill those needs as quickly as possible. Don’t settle for payday loans or personal loans, apply online today to start the discussion!


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DISCLOSURES TO CFS VEHICLE SECURED TITLE & PERSONAL LOANS

California: All loans are made or arranged pursuant to a California Finance Lenders Law License Number: 60DBO-35846.
Arizona: Loans made pursuant to Arizona Department of Financial Institutions Sales Finance Company License SF-1005405.

*Our loans can be up to $50,000 depending on certain factors. Depending on the time when the application is submitted, the funds could be given the same day or next day.

**Loans with an annual interest rate of 36% are limited to loan amounts between $2,500 to $9,999.00, while supplies last. The actual loan amount, term, and Annual Percentage Rate of the loan that an applicant qualifies may vary by applicant, lender, and the law requirements of those terms. Minimum loan amounts, terms, and rates may vary by state. Consumers need to demonstrate the ability to repay the loan.

THIS LOAN (Auto-Tile or Personal Loan) IS NOT INTENDED TO MEET LONG-TERM FINANCIAL NEEDS. Loan proceeds are intended primarily for personal, family, and household purposes. This service does not constitute an offer or solicitation for consumers in all states. This service may not be available in your particular state. The state of this site services may change from time to time without notice.

The actual loan amount, term, and Annual Percentage Rate of the loan that an applicant qualifies may vary by applicant, lender and the law requirements of those terms. Minimum loan amounts may vary by state. Consumers need to demonstrate the ability to repay the loan.

CFS Investments is licensed or registered as a finance lender as required by applicable state law and does not offer or service student loans. CFS Investments is not providing financial advice and does not warrant the accuracy of information as it subject to change without notice about its current product guidelines.

*CFS Investments may act as the broker for the loan, and may not be the direct lender or servicer of your loan. All loan applications are subject to meeting underwriting and credit criteria, which includes providing acceptable property as collateral. The actual loan amount, term, and Annual Percentage Rate of the loan that an applicant qualifies may vary by applicant. Minimum loan amounts may vary by state. Consumers need to demonstrate the ability to repay the loan. Credit Approval is subject to the credit criteria standards. A bank account is required as a condition and in order to obtain a Persona Loan. Loan proceeds may need to be disbursed via Automatic Clearing House (“ACH”) to the borrower’s bank account. The actual availability of funds can vary based on bank processing times, daily ACH deadlines, and weekends and holidays. Inquiring for a personal loan and its minimum requirements does not impact your credit score, however, completing a full application may affect your credit score.

CFS Investments, Inc. dba Champion Financial Services, Top Cash Loan, and PrestaQuickly. The terms and conditions set forth within the “General Terms and Conditions, up to and including but limited to the “Wireless Policy” applies to all CFS Investments, Inc. owned or operated websites in the aforementioned “DBA’s”.

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