We at NorthStarAdvance.com work with lenders nationwide to get you the loan you need.
We are not a lender, but we do have a vast network of lenders intent on funding the loans that match your financial goals.
We connect you with a lender that funds the Personal Loan, Installment Loan or PayDay Loan
Whatever kind of loan you are looking for we are here to connect you with a lender that can provide you that loan. Whether you need money now or have been searching for a way to achieve a goal that requires a more substantial assistance. Filling out the application usually takes less than 5 minutes, and we have lenders that work with all different kinds of circumstances.
We have lenders for your short-term smaller dollar needs. When an emergency pops up like car repair, an unexpected medical bill or there has been a change in your income where you need some money to cover the gap in revenue. In these instances you may want to get a Short –Term loan, Installment loan, or Payday loan.
When you are looking for a more substantial loan to meet your financial goals to refinance credit cards, make a home improvement, plan a vacation, or even for wedding expenses, we are here to help you find a Personal loan for you ranging from $2,500 to $35,000.
We truly want to help you find the type of loan the will fit your financial needs. Here are the types of loans we offer and how they differ from one another:
A payday loan is a short term, quick fix solution for people who need cash now. They are not intended for long-term use. They are available to almost anyone over the age of 18 who has a job or source of income to pay back the debt, a checking account and identification. Interest fees are usually higher on these loans given that they don’t require a good credit score or a full credit check and are paid back in full within a couple of weeks, usually on your next paycheck hence the name “payday”, though this term can be extended based on the borrower’s situation. . Lenders will usually give you a loan between $100 and $1,000 with a fee ranging between $15 and $30 for every $100 borrowed, though every city will differ based on state and local laws. The average loan that is made is between $250 and $550 on your first loan.
Installment loans are like payday loans in that they are unsecured loans meaning you don’t need collateral to get the loan. The loan is given on your credit worthiness that is determined without a credit check from the three traditional bureaus, given to consumers who need cash now. Unlike payday loans, however, a payment plan is set up at the time of the loan which creates a longer term in which the consumer is allowed to make installment payments to pay back the loan rather than paying it all back at once on a due date. Installment loans usually do not have a prepayment penalty and are usually for a larger amount, they can lend up to $2,500.
A cash advance is essentially the same as a payday loan in terms of qualifying for it and paying it back at one time in a short period. The main difference is that a borrower is typically required to write a pre-dated check or give authorization for a bank withdrawal on a specified due date as part of the lending process. This due date is typically the same day as the borrower’s payday. This is offered in states that don’t offer payday loans such as Florida.
When it comes to a short term loan, the idea is that you are able to get cash back pretty fast and then are able to pay that back in a short term, typically two weeks or less.
Annual Percentage Rate (APR) Information
The annual percentage rate for payday loans can range from 551.2% to 998.43%; based on the amount and length of the loan. Yes, this sounds like a very high rate, especially considering that larger loans with longer payback periods have lower interest rates.
Not a lender
North Star Advance is not a lender and does not fund the loans provided to consumers. We are here to connect you with a lender from the largest network of lenders we can create to serve our customers. We also strive to provide you with a good source of information on the loans you are researching so that you can make a clear choice on which loan is the best fit for you.
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Implications of Non-Payment and other Considerations
Every lender in our network provides the consumer with specific terms, conditions, and practices prior to the consumer’s acceptance of the loan. We recommend that you carefully review the terms and conditions of any loan offer presented to you. For further details about the above considerations see our Rates & Fees and Lending Policy web pages.
IMPLICATIONS OF NON-PAYMENT, LATE PAYMENT, OR PARTIAL PAYMENT
When you accept the terms and conditions for a loan offer, you are agreeing to pay back the loan principal and finance charges in the amount of time shown in the documents supplied by your lender. Additional fees or charges by your lender may request in the event that you are unable to repay your loan in full or if you make a late payment. We cannot predict the amount of the fees or charges that you will incur as a result of non-payment, late payment, or partial payment. Additionally, we have no knowledge of the loan details between you and your lender. Please refer to the late payment, partial payment, and non-payment policies detailed in the loan documents provided by your lender. Our company makes a reasonable effort to work only with reputable lenders dedicated to pursuing collections of past due accounts in a fair and reasonable manner. If you have a complaint about a specific lender, please Contact Us and one of our agents will look into the matter further.
FEES AND INTEREST
If approved for a loan, your lender will present you with the exact fees and interest rate of your loan prior to your acceptance of the loan. NorthStarAdvance has no control or knowledge of the loan details between you and your lender. You are under no obligation to continue with the loan request if you find a particular lender’s loan terms unsuitable.
CREDIT SCORE IMPACT
NorthStarAdvance does not make credit decisions nor does NorthStarAdvance conduct a credit inquiry on consumers. Some lenders on the NorthStarAdvance network may conduct a non-traditional credit check in order to determine your eligibility for a loan. Lenders typically do not conduct a credit inquiry with the three major credit bureaus: Transunion, Experian, or Equifax. If you do not repay your loan on time your lender may report this delinquency to one or more credit bureaus, which could have a negative impact on your credit score. We encourage consumers with credit problems to consult a Credit Counseling company.
RENEWAL POLICY INFORMATION
Loan renewal policies are largely governed by state regulatory legislation. The loan renewal options will be presented to you by your lender prior to your acceptance of the loan. Please make sure to diligently read the renewal policy presented to you prior to signing the loan documents. Payday loans are intended to be a short term financial instrument. NorthStarAdvance encourages all consumers to repay the loan on time and in full in order to avoid late payment and/or non-payment fees. If you suspect that you may be unable to pay off a loan, we would recommend that you explore Loan Alternatives before submitting a loan request.
NorthStarAdvance is not a lender and does not engage in debt collection practices. Your lenders’ collection practices will be disclosed to you in the loan documents. If you are unsure of the collection practices used by a specific lender, we recommend that you discuss this issue with your lender directly. NorthStarAdvance makes reasonable efforts to only work with established, reputable lenders who pursue collections of past due accounts with fair conduct and in compliance with the provisions of the Fair Debt Collection Practices Act by the Federal Trade Commission.