Capitolcashloan.com is an online service that offers consumers a quick way to obtain a short-term or personal loan. They are not a direct lender but they have a database of lenders, all of which are pre-screened. This is a measure they take to protect consumers from predatory lenders. In addition, they have a safe and secure encrypted online platform to ensure the information you submit through their site is protected.
Capitol Cash Loan is convenient because the entire process can be done from the comfort of your home; best of all, it is free to use. Loans from Capitolcashloans can be used in any manner you like. These loans can be used for unexpected financial obligations, to pay bills and even to consolidate loans. Using their services to obtain a loan makes it possible to have the money deposited into your bank account the same day you apply.
The loan application, found on their website, is submitted online. From there they will match you with lenders providing the lowest interest rates for your specific loan, should you qualify. The form is short and easy to complete; it asks for your zip code, the reason for the loan, the amount you want to borrow, if you have had a bankruptcy and the minimum amount of money you would be willing to accept. The reason you are asked for a minimum acceptable loan amount is to increase your chances of being approved.
Because these loans are unsecured, they typically range from $100-$1000. If you need a personal loan for a higher dollar amount, you will most likely need to put up collateral in order to secure the loan. A credit check will also be necessary; individuals who have good credit are more likely to qualify for the higher loan amounts.
In most cases, you will receive different loan options to review before making a decision. There is no obligation, on your part, to accept any of the offers you are presented with. Be sure to review the terms and conditions stated in the loan agreement prior to signing. Review the APR and use online calculators to determine the amount of interest you are paying in relation to the amount of the loan you are presented with. Scroll through these documents for additional information regarding rate changes that may be applicable to your loan offer.
If this loan is for purposes related to debt consolidation, consider other options before taking out a personal loan. There are less expensive alternative routes for if you need help settling your debt. Counseling services are available and they are usually free. Directly working with your creditors to come up with a solution is also a free method to obtain relief. There are also settlement services and lawyers who specialize in this area. You may submit a request for information regarding these alternative options directly through the Capitol Cash Loan’s website.