by crispin0 | Aug 27, 2025 | Uncategorized
Debt collection is the process of recovering overdue loans or debts. Online lending apps may use in-house teams or third-party agencies to collect on defaulted loans.
by crispin0 | Aug 24, 2025 | Uncategorized
Debt settlement involves negotiating with creditors to reduce the amount owed on a loan. Some online lending apps offer debt settlement options for borrowers struggling to repay their loans.
by crispin0 | Aug 21, 2025 | Uncategorized
Early repayment occurs when the borrower pays off the loan before the due date. Some lenders offer incentives or discounts for early repayment, while others may charge a prepayment penalty to discourage it.
by crispin0 | Aug 18, 2025 | Uncategorized
Same Day Cash Loan
by crispin0 | Aug 17, 2025 | Uncategorized
The debt-to-income ratio is a financial measure that compares an individual’s monthly debt payments to their monthly income. A high DTI ratio may indicate a higher risk for lenders, as it suggests the borrower may struggle to manage additional debt.
by crispin0 | Aug 10, 2025 | Uncategorized
Direct Lender Loan
by crispin0 | Aug 10, 2025 | Uncategorized
Emergency Cash App
by crispin0 | Aug 10, 2025 | Uncategorized
A credit check is the process of reviewing the borrower’s credit history to assess their creditworthiness. Loan apps often perform a soft or hard credit check to decide whether to approve the loan and set terms.
by crispin0 | Aug 7, 2025 | Uncategorized
Collateral refers to an asset pledged by the borrower to secure a loan. If the borrower defaults on the loan, the lender can seize the collateral to recover their losses. Common types of collateral include property, cars, and financial assets.
by crispin0 | Jul 29, 2025 | Uncategorized
A cash reserve is money set aside for future expenses or emergencies. Some lending apps offer loans that can be repaid using a borrower’s cash reserve or savings account.
by crispin0 | Jul 26, 2025 | Uncategorized
The borrower is the individual or business applying for the loan. Borrowers are required to meet certain criteria, such as a minimum credit score, before they are eligible for approval.
by crispin0 | Jul 20, 2025 | Uncategorized
A cash advance is a short-term loan, often provided via credit cards or payday loan apps. It allows the borrower to access funds quickly, usually with higher interest rates. Cash advances are typically meant for emergencies.
by crispin0 | Jul 17, 2025 | Uncategorized
Cash limit refers to the maximum amount a borrower can withdraw or borrow through a loan app. This limit can be determined by the borrower’s credit score, income, or repayment history.
by crispin0 | Jul 17, 2025 | Uncategorized
APR represents the total cost of borrowing, including interest and fees, expressed as an annual percentage. It provides borrowers with a clear understanding of the cost of a loan over a year. A higher APR indicates a more expensive loan.
by crispin0 | Jul 9, 2025 | Uncategorized
A short-term loan is a loan with a short repayment period, typically ranging from a few days to a few months. These loans are often used for urgent financial needs and are commonly found in online lending apps.
