An installment loan allows you to eliminate your debt over time by giving back a smaller amount each month. Strictly make payments under the repayment plan outlined by the lender. You need to write out a check and send it to the lender to eliminate your installment loan. The check is then deposited at the bank, and the borrower is credited with debt repayment. You can even make online payments through the Arrowhead Advance website or direct deposit from your bank account.
Conditions of loan extension
You will need to call and ask about loan extensions as your current personal details and financial situation may factor in whether or not you can get an extension. A good credit report will be an asset when trying to apply for an extension. To qualify for the Arrowhead Advance loan extension, borrowers must demonstrate a history of on-time payments, a stable income, and fair credit scores.
Early payoff
A loan with an early payoff is one that the borrower can repay before the loan term expires. Early payoff options provide flexibility and lower monthly payments for borrowers. Prepayment penalties are money charges or fees assessed if you pay your loan on time. At Arrowhead Advance, there are no prepayment penalties.
