Fixed Monthly Income Loans Ontario
I was wanting more information on how fixed monthly income loans work and whether or not they will benefit me.
Are they the same thing as a payday loan/short term loan?
Can I still apply if I have bad credit?
Answers
By Magical Credit
If you are in need of a short term loan for a 1-2 year term, then yes this is the kind of loan for you.
Short term loans are different from payday loans because a payday loan requires you to pay it back on your next paycheque.
A short term loan allows you to choose your term (1-2 years)
and your payments
(monthly, bi-weekly, semi monthly).
Yes, you can apply with bad credit, although we do require to see some positive credit in order to be approved.