There is a Difference when you get a loan through Progressive Payoff

by Justin 29. October 2009 22:24

If you find yourself in a financial bind, it is time to call Progressive Payoff or log on to their website. Progressive Payoff provides their clients with easy cash and quick loans. Sometimes, there seems to be more bills to pay than money available in your bank account. The team at Progressive Payoff offers their clientele over fifteen years experience when it comes to borrowing money. We, Progressive Payoff, provide cash advances to our clients for any financial situation. A payoff loan is different than a payday loan. With a payoff loan, our clientele are able to receive a quick and easy personal cash loan. This is also known as an alternative cash loan.

 

With a payoff loan, there is no recurring cycle of paying not only the amount borrowed, but the interest on that borrowed money. A payoff loan, which we specialize in, allowing our clientele to apply a portion of their monthly payments to their original amount borrowed. This means our clients are actually paying off their loan, no continuing a never ending cycle of payments.

 

Payday loan cash advance companies are not only in physical building, they can be found all over the Internet. As it turns out, more and more people are turning to cash payday loan companies, willing to pay their high interest rates, just to by groceries or payoff a medical or mortgage bill. These payday loan companies will charge their clients an enormous interest or annual percentage rate. Let’s say a potential client walks into a payday loan office and asks to borrower $100. Well, the client will be charged $15 on that $100, two week payday loan. Along with that $15 charge, is also an APR of 390%. This is highway robbery. There is no way a client will be able to pay down, or payoff, their loan with an APR this high.

 

Borrowing money from an advanced payday loan company should not be this complicated. This is why many people go to payday loan offices, instead of their bank. Yes, instant cash is a plus, but having to pay an APR this high is outrageous. When individuals look into getting a payday loan, what they are actually doing is “renting” their paycheck with an enormous APR. The difference with Progressive Payoff is our clients have a simple interest loan and after six months of paying off their borrowed money, their account is closed. During the six months it takes to pay down on a Progressive Payoff loan, our clients will actually see their payments decreasing. Our clients, who pay down their loan monthly, will also see their principal balance reduced.

 

When our clients apply for a loan with Progressive Payoff, they will see the difference right away. We, Progressive Payoff, will not charge for an early payoff of your loan, no collateral, no renewal fees and no recurring cycle of payments to Progressive Payoff. We, Progressive Payoff, also do not require a credit check from our clients. All we ask is for our clients to have a 90 day bank statement, current pay stub, a voided check and photo ID. Life is tough enough, at times, being able to borrow money, then pay it off, should not be.

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