What is a Short Term Loan?
We offer short term loans which are intended to provide just enough money to help you with expenses until you receive your next pay or other verifiable income. Typically, a short term loan does not exceed $1500 and is repaid on the same day you receive your income.
Is a short term loan the right option for my situation?
A short term loan can be a good source of financial assistance when used responsibly. Many people find this type of loan helpful for:
- Paying bills on time
- Helping to cover sudden and urgent expenses, such as medical bills
- Ensuring that a check does not bounce
If you find yourself in a position where you are consistently having difficulties meeting your financial obligations, then our product is NOT for you.
How does Bridge Lending Solutions practice Responsible Lending?
We try to ensure you do not borrow more than you are able to pay. Your first loan will not exceed 30% of your income. Once you become an established customer and have successfully completed on-time repayment of your loan, the maximum amount you can borrow may increase.
We will always send customers a reminder via email and/or SMS text at least two full days prior to their repayment date. This is sent so that arrangements can be made to ensure the payment will be available in your bank account, avoiding costly NSF charges and late fees.
We are very transparent and up-front about our fees. We display our fee information on our website as well as our loan agreements. Additionally, our knowledgeable representatives will remind you of your options and fees. There is no “smoke and mirrors”, no hidden fees, no hidden costs, and no secret memberships to things you don’t need.
What can I do to ensure I use my short term loan responsibly?
- Never use a short term loan for a long term financial challenge.
- Never borrow more than you will be able to pay back in full on your repayment date.
- Do not borrow from a lender who does not practice responsible lending.
- Ask questions. If there is any part of the process or fees involved with getting a short term loan that is unclear, please contact us.
What can I do if my financial obligations become overwhelming?
If you obtain a short term loan from us and discover that you are unable to repay it due to your financial circumstances, please contact us and we will do our best to find a solution that fits your situation.