It is no surprise that consumers are struggling to make ends meet due to pay cuts and furlough days. Paychecks are unable to take care of customary monthly living expenses and nest eggs have been depleted. When unexpected bills and repairs arise in between paydays; a payday advance is the perfect solution. Borrowers are expected to show proof of income when applying for a loan. Gainful employment, a retirement pension, or Social Security or Disability checks are all considered as qualifying proof of income.

An individual that is at least 18 years old may be approved for a loan. Most individuals have no problems qualifying for an advance in just a few minutes.

Most loans can be processed and cash deposited in the borrower's bank account within hours. For those who are in need of a short term loan in St. Louis may turn to the providers to satisfy their money issues quickly.

Can you transfer a bank loan to another person

Before accepting a loan from a lender within our network, please read the loan agreement carefully as the APR and repayment terms may differ from what is listed on this site. Repayment Terms. Loans include a minimum repayment plan of 2 months and a maximum repayment plan of 84 months.

Before accepting a loan from a lender within our network, please read the loan agreement carefully as the APR and repayment terms may differ from what is listed on this site. Lender-approval and loan terms will vary based on credit determination and applicable state law - they may offer loans with fixed rates from 6 to 35 APR.

The lender's approval process may take longer due to additional documents being requested. © 2017 Solution Loans. All Rights Reserved.

Can you transfer a bank loan to another person

All of our lenders are required to adhere to the Fair Debt Collection Practices Act which protects you from harassment. You can contact your lender for more information about its specific policies.

Impact on Credit Score. Lenders are within their rights to file reports with the three major credit bureausвЂExperian, Equifax and TransunionвЂif you fail to repay your loan. This negative remark will lower your credit score and may make it impossible for you to obtain short term loans or other forms of credit in the future.

However, once you have repaid your debt to your lender in full, this will be reported to the credit agencies and the negative remark will be removed from your credit history.

Can you transfer a bank loan to another person