How LendingPoint Is Simplifying Personal Loans Borrowing money made easy.
By Entrepreneur Store Edited by Jason Fell
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"How am I going to pay for this?" It's a question that we've all asked ourselves at one moment or another. Whether it's to purchase a large item, furniture for your home, or pay for a family trip, most consumers need to consider the best way to pay for a large purchase. What is the right choice? Credit cards, store financing, debit cards, even cash are options. But there's a new "old" option available to consumers – the personal loan.
According to encyclopedia.com, personal loans have been around since ancient Greece. In more modern times, personal loan use grew in the early 1900s as a financial tool for lower-income consumers. Fast forward to today, and personal loans are enjoying a resurgence in use because they don't require collateral and offer simple interest with fixed monthly payments. In addition, personal loans can be used to pay for just about anything, and the process to get one is relatively quick – all benefits that make them a preferred and affordable option. But as the interest in personal loans has increased, so have the providers. How do you know which lender is right for you?
Technology that sees your potential.
Since 2015, LendingPoint has been on a mission to improve the personal loan experience. They've spent years perfecting a proprietary smart technology that, in seconds, takes a total look at a consumer's borrowing potential and uses those data points to create a personalized loan solution.
Check my loan options with LendingPoint
LendingPoint is an online lender, which means you don't need to hunt for a branch or office in your area. You get the benefit of applying whenever, and wherever you want to. Starting with a simple application, you'll first check your loan options. In less time than it takes to listen to your favorite song and with no impact to your credit score, you can see the loan amount you qualify for and the different payment options.
Next, select the best loan terms and monthly payment for you, provide some additional information to complete your application, then finalize by signing your loan agreement.
Once approved, your loan funds could be in your account as soon as the next business day. Ready to see your loan options? Get started HERE.
The way forward.
LendingPoint's goal is to create frictionless access to money when and where consumers need or want it, so everyone can have the opportunity to explore what's possible. LendingPoint remains committed to saying "YES" more often by providing flexibility and financing opportunities for consumers at any point in their journey.
To learn more about LendingPoint or apply for a personal loan, click HERE.
