Author Archives: 6monthloans

About 6monthloans

Hi I am Rosie Wilson, a passionate finance person. As the Senior Loan Executive at Os Money, I deal in real-time financial solutions without letting the boundaries of credit score status obstruct the availability of funds to the fund seekers. I work to help people live a financially stress-free life and I am happy that I am doing that successfully.

Fake Fears About 6 Month Loans

Loans fulfil the needs and you can rely on them during the bad times. However, sometimes some misconceptions stop you to take right decision. Mostly, short-term loans are more frequent in demand as the small money crisis is an often thing to happen. The loan options like the 6 month loans are one of the common loan products that people take to tackle the money crisis. However, unfortunately, some myths are related to these loans that stop you from taking a due decision. This can keep you devoid of the due financial solution that you deserve.

Below are some of the fake things that are notoriously popular about the 6 month loans. You know about them as it helps to take calculative decision.

  • These loans take too much time to process

No, no, certainly not. The truth is completely different from this. However, if you talk about the mainstream banks then there are chances of slow procedures, but the time today is of new age lending. Availing funds from new age online lenders is faster and more convenient. You never get disappointment if you apply for the 6 month loans by direct lenders. Most of the lenders follow a simple online procedure that takes only a few minutes to complete.

The application procedure is about an interesting game of ONLY THREE STEPS that include

  1. Apply online
  2. Approval decision
  3. Receive funds

By the time you prepare your breakfast, your application procedure is complete. Or by the time you do your evening walk, the approval message comes on your screen, and soon after that happens the disbursal of funds and that too on the committed time.

  • No obligation quote comes with extremely high interest rates

It is a factual thing that the loans for 6 months are for a short period and do not have any obligation. This makes them a little expensive on the interest rates. But that certainly does not mean that they become expensive. The lenders provide every deal after customisation and provide a loan offer according to your repayment capacity. Yes, the monthly instalments are a little heavy than the repayments of secured or guaranteed loans, but in no sense, they are out of your affordability.

  • You do not get funds with bad credit

Another misconception to obstruct your path. As mentioned above, the new age lending is much different from the established, mainstream lending. The loan companies online provide funds easily despite bad credit scores. Why? Well, the logic is simple. For them, the current financial status is more important than the past financial mistakes. However, one important thing is necessary to mention here and that is, do not confuse bad credit with worst credit score. Yes, the lenders are ready to consider you with bad credit scores but not with very poor credit performance. This is in face a separate myth that the borrowers have but keep yourself away from it. Online lenders are quite flexible but for the very poor credit, they are not ready to risk their money. There may be very rare and few lending options but they are so high in interest rates that you can only regret later if you borrow them.

If the credit scores are bad then the 6 month loans for bad credit people are easily available. In fact, to be very factual, availing these loans give you a chance to improve the credit score performance. The repayments are flexible and not heavy due to customised rates, if you pay the instalments on time, there will be a good boost in your credit ratings.

The fake fears above should not stop you from taking a sensible, smart decision. You need to show a responsible attitude towards your financial life and for that it is necessary that you stay cautious and informed. One more thing, try to find a genuine lender that take no upfront fee or additional costs from the borrowers. The loan companies like the Os Money are worth to consider. But still, the decision is on your discretion. Compare and decide.