subject: Think Cash Loans: Costs Vs. Benefits [print this page] When you need money expeditiously, an emergency cash loan may be one option to consider. Many people shy away from these financing arrangements due to the perception that they cost more than they help. However, a cash loan may actually save money in some situations. This article will take a close look at the cost of Think Cash loans and the savings they might offer in some situations.
Cost of Loans
Think Cash loans tend to be cheaper than other types of emergency financing. However, the cost of the loan is still higher than what you would pay for a traditional loan, so it is a good idea to pay off the loan as quickly as possible. Your specific cost will be based on a variety of factors, including:
Information provided on your credit application
Your credit score (higher scores mean lower interest rates)
Your previous payment history on other financial obligations
The amount you are borrowing (larger loans tend to come with a lower interest rate)
The length of your loan term
Although each situation is different, the average cost of Think Cash loans is about $0.92 per day on every $100 borrowed for smaller, short-term loans, and about $0.24 per day on every $100 borrowed for larger loans with a longer term. Interest is the only charge assessed on these loans, which means you dont have to worry about getting nickel-and-dimed with application fees and other hidden charges. You can also save money by paying off your loan faster, since Think Cash does not assess prepayment penalties on their lending products.
Benefits of Loans
While the cost of Think Cash loans may seem high in comparison to other types of lending options, the advantage to working with this company is that you can get cash quickly when you need it in a pinch. Some of the savings you might see with a loan from Think Cash include:
No overdraft fees on your checking account, which may come to $30 per check or more
No late fees on bills
The ability to pay for unexpected costs like car repairs or medical expenses right away
No application fees, credit report fees or other hidden charges
In addition to the money you might save with fast, easy loans from Think Cash, you also have the peace of mind in knowing that the money you need will be there when you need it. There is no waiting through an extensive processing time or right of rescission period to access your funds.
Think Cash loans are a fast, easy way to bridge the gap between paydays, pay your bills on time, or cover unexpected expenses when they arise. While the cost of the loan is higher than other traditional lending products, in many cases, the benefits of these loans far outweigh the costs that accompany them. You can also save money on your loan by paying down the balance as fast as possible, thus saving interest charges in the process. Think Cash is your go-to financing company when you need a small amount of cash in a hurry for whatever life might throw your way.
