BrightenLoans.com

There are different types of credit available. Some people rely on cash advances online while others keep a home equity line of credit to help with emergency costs. Before you make a decision to solve a money problem, it may help you prevent further problems to know all different types of credit available.

* There are a few options in this short-term lending category. There are both store and online options for cash advances, payday loans and title loans. The payday and cash advance loans are similar in that they both carry a 2 week term and typically loan a few hundred dollars at a time. A title loan is based on the value of the vehicle therefore tend to offer larger loan amounts with a 30 day term. These loans will not be reported to the credit bureau unless they fall into default.

* Consumer installment loans are loans with a set amount of money to use for purchases or other expenses (an option for debt consolidation) and in the contract, the borrower agrees to pay a certain amount of money each month until it is paid off. People with low credit scores may have a hard time finding a lender to service this type of loan.