Lend up Card Login

Lend up Card Login

Fresh start loans are usually confused with many other loan types by those who are not familiar with the financial industry. The reasons for these confusions are varied but the inaccurate information provided by sale-oriented online sites is probably the main cause. The outcome of these mix-ups is the uncertainty that customers have when it comes to fresh start loan interest rates. Following is a brief explanation of what to expect in terms of rates from this loan type.

Different Loan Type, Not Payday Loans

Though many brokers may want you to believe so, this loan type does not resemble payday loans. Payday loans are emergency loans that have almost no requirements other than a proper income and therefore, charge a higher interest rate to compensate for the high risk involved in the transaction. Moreover, the repayment schedule is very short and the full loan amount plus interests is generally due by the next payday.