Little Lake Lending Loans in Huntsville (AL)

Little Lake Lending Loans
This page provides a detailed overview of all Little Lake Lending loans in Huntsville (AL), including lending terms, interest rates and customer reviews. Compare offers and choose the best loan product for your needs.
Offers: 1
Updated:
27.03.2024
13:52
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

3.76
(20 Ratings)
Recommended FinScore™
0
300
650
1000
400.00 – 2000.00 $
Rate
i

Interest rate

to 795.00 %
Term
i

Loan term for the financial product

to 3 months
Apply

How to Apply for a Little Lake Lending Loan in Huntsville (AL)?

  1. Visit Website. Start by going to Little Lake Lending's homepage to access their online services. Click on the "Apply Now" button featured prominently on the homepage to begin the application process.

  2. Complete the Online Application. Fill out the convenient online application form with your personal, contact, and financial information as prompted.

  3. Verify Your Information. After submitting your application, you may need to verify your information. This can be done either by phone or online, depending on the instructions provided after your initial application submission.

  4. E-Sign Loan Agreement. Once your information has been verified and your loan is approved, you will be asked to review and electronically sign your loan agreement to finalize the borrowing process.

  5. Receive Your Funds. After the loan agreement is signed, Little Lake Lending will deposit the funds directly into your bank account. If your application is processed and approved before 4:00 p.m. PST from Monday to Friday, you are typically funded on the next business day.

Conditions and Requirements

Conditions

  1. Loan Amounts. Loans are available up to $2,500, providing financial assistance tailored to meet the borrower's short-term needs without the imposition of prepayment penalties.

  2. Penalty-Free Early Payoff. Borrowers are encouraged to borrow only the minimum amount needed and can save interest by making extra payments toward the principal or by paying off the balance early without penalties.

  3. Interest Rates and APR. The interest rate, finance charges, and APR depend on the borrower's creditworthiness, which is determined by factors such as credit and payment history, income, employment, existing debt, and types of debt. The max APR can be as high as 795%.

  4. Funding Timeframes. Funds can typically be delivered to the borrower's bank account the business day after the application has been processed and approved, subject to meeting cut-off times.

  5. Late/NSF Fees. A $25 late fee is charged for payments that are late by three or more days. A $25 NSF fee is charged if any payment is returned due to insufficient funds or not honored by the financial institution for any reason.

  6. Loan Agreement and Payment Schedule. The loan agreement includes a payment schedule that specifies dates, amounts, and the number of payments agreed upon for repaying the loan.

Requirements

  1. Eligibility. The services of Little Lake Lending are intended solely for users who are 18 years of age or older. Any registration by, use of, or access to the site by anyone under 18 is unauthorized and in violation of these terms.

  2. Governing Law. These terms of use shall be governed in all respects by the laws of the Big Valley Band of Pomo Indians of the Big Valley Rancheria, a federally-recognized sovereign American Indian tribe.

  3. Income. To qualify for a loan, applicants must demonstrate that they receive regular income.

  4. Age and Citizenship. Applicants must be at least 18 years old and hold citizenship of the United States to be eligible for a loan.

  5. Checking Account. Having a checking account is a prerequisite for loan approval.

  6. Military Service. Applicants must not be actively serving in the military or be dependents of someone who is actively serving in the military in order to qualify for a loan.

Important

Keeping your Debt-to-Income (DTI) ratio below 30-40% of your monthly income is crucial. This will help you avoid potential financial problems in the future. Additionally, always assess the necessity and feasibility of taking a loan, ensuring you can comfortably manage its repayment.

How to Choose a Lender

  1. Make sure to confirm whether the lender is licensed to operate in your state. You can verify this information with your state regulator or attorney general.

  2. Check if the lender is a member of a reputable association, such as the Community Financial Services Association of America. Membership in such organizations may provide an extra level of reliability.

  3. Carefully review all the terms and conditions of your payday loan contract.

  4. Thoroughly examine the interest rates on payday loans and ensure that your contract includes a detailed breakdown of the total cost of the loan.

  5. Take advantage of your right of rescission. Usually, you can rescind the loan within three days after signing the agreement. Alternatively, there is typically a "cooling-off" period, which allows you several days to thoroughly review the contract before making an informed decision to enter into a consumer loan agreement based on the terms specified by the lender.

  6. Choosing a payday lender is a significant decision that demands careful consideration and a good understanding of how such organizations operate.

Additional Resources

Other Loans in Huntsville (AL)