Cc connect installment loan. Limits apply. Cc connect installment loan

 
 Limits applyCc connect installment loan  Loan terms are brief and designed to last about two weeks or less for payday loans

Installment loans provide a lump sum that borrowers repay over time through monthly payments. If you have recently fallen behind on your bills, it’s possible that you’ve received written notice in the mail saying that your debts, such as installment loans or payday loans, have been sold to another company. A personal loan is a type of short-term funding available to people from all kinds of financial backgrounds. Those 137,148 people make up about 54,847 households. For some loans, Balance Credit acts as both a Credit Services Organization and Credit Access Business when loans are provided by an unaffiliated third-party lender. The maximum finance charge is $1. Variable rate installment loans. One popular type of personal loan is an installment loan. Installment loans in Spring, TX, are loan options that come with fixed monthly payments. 1 . Personal loans stand as a great alternative to most loan options in Memphis, Tennessee. Modified on June 18, 2023. There are many different types of collateral you can utilize for secured loans. To get started, simply fill out our easy-to-use online application. Consolidation simply means combining your current debts into one new loan. There exist several types of them, and in which how to get out of installment loan debt options and purposes differ. Modified on October 16, 2023. Each payment includes a certain amount of both principal and interest. Chamber of Commerce, approximately 12 million. The money is dispersed in one lump sum, ideal for people who need substantial funding to cover expenses. Call Now Quick Credit offers online installment loans with CC Connect, a platform that connects you with a direct lender. $7. Repayment Period. Interest is the most well-known loan fee. Hampton, Virginia, is home to approximately 137,148 people. Tampa is a port city in the state of Florida. A car title loan is a bad credit loan because the main. CC Connect Installment Loans are provided by CC Connect, a division of Capital Community Bank, a Utah Chartered bank, located in Provo, Utah, Member FDIC. There are several loan options in Spring that fall under the umbrella of installment loans, including personal loans. CC Connect maintains the critical. Check Into Cash does not provide specifics on their loan rates, but just like the loan amount. In that case, personal loans in Colorado could be what you need. A $2,000. Depending on your state, an installment loan with Check Into Cash can range between $50 to $5,000. An installment loan can be unsecured or secured. CC Connect maintains the critical control of the Simple Fast Loans loan origination, underwriting. High-interest rates, often significantly higher than personal loans. We offer installment loans to Texas residents with a quick and easy approval process. Check into Cash Installment Loans, Cash Advance, Check Cashing, Locations, & Requirements. CC Connect Installment Loans are provided by CC Connect, a division of Capital Community Bank, a Utah Chartered bank, located in Provo, Utah, Member FDIC. The principal of a loan is the amount of money you borrow. At the end of the month, you have a balance of $500. CC Connect maintains the critical control of the Simple Fast Loans loan origination, underwriting approvals, regulatory, and compliance oversight management. Since they are installment loans, you repay them through regular payments. Installment loans online in Texas up to $1,500 with Simple Fast Loans. CC Connect Installment Loans are provided by CC Connect, a division of Capital Community Bank, a Utah Chartered bank, located in Provo, Utah, Member FDIC. Our exclusive Mortgage Action Plan is a proven debt reduction strategy that teaches you to manage. Make sure you’re aware of whether the loan you’re seeking will have a conditional. Loan provided by Capital Community Bank, Provo, Utah, Member FDIC. Interest RatesModified on June 18, 2023. Variable rates mean your interest charges may change from month to month. This means you can get approved for certain types of loans, but the interest rates and terms you’re offered probably won’t be the same as. An installment loan is a loan that is paid back in even monthly installments. Bad credit loans. The loan amount a borrower may receive is based on their credit score and gross monthly income. CC Connect Installment Loans are provided by CC Connect, a division of Capital Community Bank, a Utah. Depending on your state of residence, applications submitted on this website may by originated by CC Connect, a division of Capital Community Bank, a Utah Chartered. Loan provided by Capital Community Bank, Provo, Utah, Member FDIC. A little about us. You’ll find lenders offering mortgages, auto loans, retail financing, bad credit personal loans, and more. CC Connect offers installment loans to Kentucky residents up to $1,500! To begin the quick and easy process, simply send your information using our online application form which takes only a few minutes. A CC Connect Installment Loan is an unsecured bank loan intended for small, short-term costs and unanticipated expenses. 43. There are several different types of personal loans, including: Installment loans. These are loans that the borrower repays over a set period of time in equal installments, which includes both the principal amount and interest. This person, referred to as a cosigner, agrees to repay the loan if the primary borrower cannot. CC Connect Installment Loans are provided by CC Connect, a division of Capital Community Bank, a Utah Chartered bank, located in Provo. A payday loan, at its best, works as a short-term loan to fix a short-term money problem. CC Connect Installment Loans are provided by CC Connect, a division of Capital Community Bank, a Utah Chartered bank, located. But these are very risky and costly loans so be careful. CC Connect Installment Loans are provided by CC Connect, a division of Capital Community Bank, a Utah Chartered bank, located in Provo, Utah, Member FDIC. Limits apply. CC Connect Installment Loans are provided by CC Connect, a division of Capital Community Bank, a Utah Chartered bank, located in Provo, Utah, Member FDIC. A personal installment loan, also simply called a personal loan, is a type of installment loan available. Installment Loans. Typically, personal installment loans allow borrowers to repay their loans within a few months, all the way up to a couple of years in some cases. Loans that rely on collateral can be used for a wide variety of purposes and can offer competitive interest. Applicants can work with their lenders to develop a convenient payback plan that fits their unique budget. The best loan option for you depends on your financial needs, repayment preferences, and credit history. Personal Loan Default. 2. An Installment Loan allows for a larger lump sum of cash that is repaid in installments over a longer time span. Common types of secured loans include mortgages and auto. CC Connect Installment Loans are provided by CC Connect, a division of Capital Community Bank, a Utah Chartered bank, located in Provo, Utah, Member FDIC. These loans are repaid in monthly installments, and your specific repayment plan and interest rate will be determined by your finances and the lender you choose to work with. Installment loans are ideal for Illinois residents who cannot afford to pay off a high loan amount immediately. CC Connect Installment Loans are provided by CC Connect, a division of Capital Community Bank, a Utah Chartered bank, located in Provo, Utah, Member FDIC. Please reference the contact information below so we can connect you with our authorized servicer. Please reference the contact information below so we can connect you with our authorized servicer. Your account manager can help you get access to CCConnect. Spotloan is a lender that offers installment loans ranging from $300 to $800 with repayment terms ranging from three months to ten months. Unsecured Loans. An installment loan is an unsecured loan that a borrower repays through regular payments or “installments. Short term and long term loans come. Credit utilization has the second-biggest effect on your credit score. Negative information remains on your credit report for up to seven years, and bankruptcies remain for ten years. Gold — 1,600 points are required to borrow up to $1,500 and get a 33% discount on fees. Campbell ave. Depending on your state of residence, applications submitted on this website may by originated by CC Connect, a division of Capital Community Bank, a Utah Chartered. CC Connect Installment Loans are provided by CC Connect, a division of Capital Community Bank,. Also known as a payday cash advance, a payday loan is a high-risk, no credit check loan. However, many contractors will attest that contract work can. $3. Depending on your state of residence, applications submitted on this website may by originated by CC Connect, a division of Capital Community Bank, a Utah Chartered bank, located in Provo. CC Connect Installment Loans are provided by CC Connect, a division of Capital Community Bank, a Utah Chartered bank, located in Provo, Utah, Member FDIC. There are lenders that accept land as collateral. This type of loan is usually offered in the form of a pre-approved line of credit or an additional charge on their credit card. You can get approved for a number of different personal loans with a credit score of 630. Forgot Password? Log into your account, access your online loan, pay your bill, and more. Grace Enfield, Content Writer. CC Connect offers signature installment loans to Louisiana residents up to $1,500. One common form of a single payment loan is called a payday loan. Loans Between $100 - $3,000* Apply Now *Loan amounts vary by state. Personal installment loans are perhaps the most useful type of unsecured loan available in Cincinnati. CreditNinja is an authorized servicer of CC Connect. Absolutely! CreditNinja is a reputable and trustworthy online lender, offering personal installment loans to borrowers in need. The minimum and maximum loan amounts vary per lender. But refinancing can also help borrowers add or remove co-borrowers to a loan. Depending on your state of residence, applications submitted on this website may by originated by CC Connect, a division of Capital Community Bank, a Utah Chartered. Simply fill out our short online application. **. Are installment loan options a good alternative to payday loans if I need a $300 loan? Yes, installment loans can be a more flexible option compared to payday loans. Suppose your car was vandalized, and you need a new catalytic converter. Refer to Pricing for additional details. A personal loan with a cosigner is a type of loan where someone borrows money with the help of another person. Many of the types of. When you get a $300 personal loan, the principal is $300. Apply Now. $0. CC Connect Installment Loans are provided by CC Connect, a division of Capital. You may find a land equity loan (a loan that uses land as collateral) through banks, credit unions, and online lenders. As long as you make your payments on time and pay them off by the due date you probably won’t see any negative consequences of your loan. Depending on your state of residence, applications submitted on this website may by originated by CC Connect, a division of Capital Community Bank, a Utah Chartered. For quick loans online up to $1,500, CC Connect offers installment loans to Minnesota residents with a quick and easy approval process. Direct loans differ from brokered loans, where a 3rd party connects the lender and borrower. Co-signed loans. Welcome back, returning Check Into Cash customer! Here is your customer login portal. On the other hand, you can inquire for a longer loan for lower monthly payments. Modified on July 14, 2023. According to their website, the interest rates tend to be very high. In that case, you could still get loan approval and affordable repayment terms. You are at least 18 years old. CC Connect Installment Loans are provided by CC Connect, a division of Capital Community Bank, a Utah Chartered bank, located in Provo, Utah, Member FDIC. CC Connect originates installment loans through several platforms. These fixed payments make planning out your payback schedule for an installment loan extremely easy since each payment should be roughly the same. 1 When you don’t have the money to purchase a vehicle or home outright, as most people don’t, some lenders may offer you a secured loan. According to the U. Installment Loans. Trade-in the car at a dealership. Direct Deposit Loan in Minutes: How They Work. Depending on your state of residence, applications submitted on this website may by originated by CC Connect, a division of Capital Community Bank, a Utah Chartered. Personal installment loans in Michigan come in two categories: secured and unsecured. Accept your loan by 10:30am Central time and you could get your funds as soon as the same day. The price of rent in St. Generally, the fees for collecting a debt will range from 25% to 50% of the loan’s value. See full list on finanso. Complete the online application to find out how much you are approved for. To get started visit our easy online application form and enter your information. Member FDIC. These loans are some of the best options available. Modified on June 18, 2023. CC Connect maintains control of the loan origination process, underwriting approvals, regulatory oversight, and compliance management. When applying for a personal loan, your potential lender may perform a credit check to get your credit score and credit history. You must be at least 18 years old. If you prefer to avoid long-term contracts, you can opt for a short-term personal installment loan. netCC Connect Installment Loans are provided by CC Connect, a division of Capital Community Bank, a Utah Chartered bank, located in Provo, Utah, Member FDIC. Depending on your credit and a few other financial details, a personal loan lender can offer you funding of a few hundred or even a few thousand dollars. These installment loans typically work best for co-borrowers who are life-partners or co-habitat and share household income and expenses. When residents of Bronx, NY, need some extra cash for bills, home repairs, medical bills, or anything else, they can turn to personal loans! Personal loans are also referred to as installment loans and bad credit loans. Louis, MO, varies, but the median gross rent is $828. As a hub of commerce on the state’s western coast, Tampa has a diversified economy. Depending on your state of residence, applications submitted on this website may by originated by CC Connect, a division of Capital Community Bank, a Utah Chartered. This can allow borrowers to potentially benefit from lower rates and a reduced monthly payment. Your loan term can be up to 34 days. Our quick and easy loan process allows you to get the cash you need, at ninja speed. Personal Loans; Emergency Loans; Bad Credit Loans; Installment Loans; Payday Loans; Debt Consolidation Loans; Loan ServicingUpdated: 11/06/2023 CC Connect Installment Loan Reviews There may be thousands of situations when one needs money but has no instant source for getting it. Used to cover a variety of expenses, personal loans are a reliable option for both sudden financial emergencies and planned financial endeavors. Depending on your state of residence, applications submitted on this website may by originated by CC Connect, a division of Capital Community Bank, a Utah Chartered bank, located in Provo. An easy-to-understand installment buying definition is: a financing option available to borrowers that want to make larger purchases. When applying for a personal loan, your potential lender may perform a credit check to get your credit score and credit history. The company claims to provide quick decisions on loan applications and offers flexible repayment options to help customers manage their finances. CC Connect is a division of Capital Community Bank (CCBank), a Utah Chartered bank, located in Provo, Utah, Member FDIC. When you get an installment loan, you pay interest as part of each monthly. CC Connect offers installment loans to California residents up to $1,500! To get started simply send us your information using our quick and easy online application form which just takes minutes. Congress st. Individuals who rent their homes in Hampton pay an average of $1,115 a month, while homeowners with a mortgage pay about $1,509. These loans usually provide borrowers with more cash than a payday loan, and the repayment term is much longer as well—sometimes up to a couple of years. The loan application process for one of these loans will be fairly straightforward because, usually, the loan amount is small, up to a few hundred dollars. Depending on your state of residence, applications submitted on this website may by originated by CC Connect, a division of Capital Community Bank, a Utah Chartered bank, located in Provo. With a joint loan, both co-borrowers will have legal ownership rights over the car. This kind of loan tends to be easier to get for individuals who are self-employed or individuals who have a poor credit. Louis has a population size of 301,578. 99% maximum—there is also an autopay discount you can get. Speedway blvd. Installment Loans range from $50 to $5,000, and are repaid over a longer period with a set number of scheduled payments. The best way to get a good loan that suits your needs will be to improve your credit score. Installment Loans. When you repay the loan plus interest, the lender makes a $10 profit. These loans can be for higher amounts up to a few thousand dollars, and they also last longer than payday loans. CC Connect Installment Loans are provided by CC Connect, a division of Capital Community Bank, a Utah Chartered bank, located in Provo, Utah, Member FDIC. CC Connect offers installment loans to Indiana residents up to $1,500! To get started simply send your information using our short online application form which takes minutes to complete. A credit card consolidation loan is a personal loan that combines multiple credit card debts into a single loan. A no income loan can also be a great way to help you out financially while looking for a job. Credit scores are created by credit bureaus that analyze consumer behavior. Repay the outstanding loan balance. Naturally, the tourism industry is big business in the. For loans made by First Electronic Bank, Member FDIC, acceptable payment methods include ACH, debit card, personal check, money order, and cashier’s check. Modified on June 18, 2023. This unsecured loan uses the borrower’s credit score and income as qualifying factors for approval. It’s a common practice for payday lenders and can lead borrowers into a cycle of debt that. While getting rid of credit card debt can improve your credit score, opening a new large personal loan could potentially lower it temporarily. Maintaining its roots, Mesa is still home to many Mormons over 140 years later. Since we began in 2018 we’ve offered financial solutions to over 275,000 borrowers. Sell the car to a private party. Loans funded by CC Connect will be serviced by Simple Fast Loans. $3. This only applies if you default on your payday loan and don’t repay it. While many installment loan lenders offer online applications, you would need to reach out to specific lenders to see if they offer over-the-phone applications. Personal loans serve as an alternative to payday and title loans and may offer a loan online, with same day options to get fast cash. What makes these monthly payments so consistent is the fixed interest rates that usually come with installment loans in Plano. Apply successfully for a Personal Installment Loan to enjoy up to HKD8,500 cash rebate and preferential rate with no handling fee. Account holders may also borrow money from their 401k accounts before. Personal Loans. You could receive your funds from CC Connect as soon as the same day * if you select electronic funding. Installment loans in Spring, TX, are loan options that come with fixed monthly payments. CC Connect Loan. An Installment Loan can offer more money than other types of short-term loans. Subprime lending is the practice of offering loans and lines of credit to borrowers with poor credit scores. Many borrowers with low credit scores have a. Depending on your state of residence, applications submitted on this website may by originated by CC Connect, a division of Capital Community Bank, a Utah Chartered. Default happens when you can’t make payments on time, have more than one missed payment, or don’t make any payments at all. Tennessee Payday Loans. CC Connect Installment Loans are provided by CC Connect, a division of Capital Community Bank, a Utah Chartered bank, located in Provo, Utah, Member FDIC. Balance must be brought to at least $0 within 24 hours of authorization of the first transaction that overdraws your account to avoid a fee. When buying a car with bad credit, expect to provide a 20% down payment for a new car and 10% for a used one. Having a lien-free vehicle means the online title loan company can quickly offer hassle. CC Connect Installment Loans are provided by CC Connect, a division of Capital Community Bank,. When applying online, the funds will be deposited into a bank account. CC Connect Installment Loans are provided by CC Connect, a division of Capital Community Bank, a Utah Chartered bank, located in Provo, Utah, Member FDIC. Installment Loans. Depending on your state of residence, applications submitted on this website may by originated by CC Connect, a division of Capital Community Bank, a Utah Chartered. Loans with us are fast and easy. These would classify as installment loans since they are paid off over several months. It’s important to know what happens if you don’t pay back a personal loan. When you get a $300 personal loan, the principal is $300. Cash not accepted. There are several loan options in Spring that fall under the umbrella of installment loans, including personal loans. Have a government-issued photo ID. $150. Overview of CC Connect Loans of 2023 - Step-by-Step instructions, Conditions and Requirements. For questions or concerns about your CC Connect loan, please contact a Customer Service Specialist at (833) 270-0770 or email [email protected] on June 18, 2023. Those 137,148 people make up about 54,847 households. Modified on August 17, 2023. Submit application online before 3pm, and our Personal Loan Service Manager will reply on the same day. Installment loans, on the other hand, can offer personalized terms. Since we began in 2018 we’ve offered financial solutions to over 275,000 borrowers. When you take out a personal loan, Rocket Loans charges up to 8% of an origination fee, which will be taken out of the loan balance. A loan can be a blessing when you are in a financial bind. Revolving credit allows you to take out more credit — up to your credit limit. * Rates & Terms vary by state. S. CC Connect Installment Loans are provided by CC Connect, a division of. Depending on your state of residence, applications submitted on this website may by originated by CC Connect, a division of Capital Community Bank, a Utah Chartered bank, located in Provo. While some loans are unavailable to people with poor credit, personal installment loans offer funds to people from a wide range of credit histories. Make sure you do your homework. Personal loans can range in repayment terms, loan amount, and you can use the funds for all kinds of expenses. $3. Depending on how much you need to borrow and your credit history, your loan’s Annual Percentage Rate. This score is considered to be “fair” according to the FICO credit scoring model. For Online Payday Loans, please contact a Customer Service Representative at 1-800-460-4305 to arrange an early payoff or visit your account in the Online Customer Portal. Loan amounts will be based on your income, ability to repay, and credit standing. Types of Loans for Bad Credit. Modified on June 18, 2023. Many second chance loans are available in the form of installment loans. Personal Lines of Credit — installment loans offer the same steady monthly payment until the loan is paid back in full. Modified on June 18, 2023. It’s fast and simple, in just a few clicks you could have the cash you need fast. CC Connect Installment Loans are provided by CC Connect, a division of Capital. CC Connect Installment Loans are provided by CC Connect, a division of Capital Community Bank, a Utah Chartered bank, located in Provo, Utah, Member FDIC. The money you borrow is repaid on a monthly basis. Depending on your state of residence, applications submitted on this website may by originated by CC Connect, a division of Capital Community Bank, a Utah Chartered. Installment Loan; Benefits of the CC Connect Loan Portal. Sell the car to a dealer. Ohio, like most other states, offers a variety of storefront and online lending options. A personal loan is a type of installment loan available to Wichita, KS residents. Borrowers can pay off RV loans over several months or years. We are committed to the lending of responsible credit products to eligible applicants in need of an emergency installment loan. CC Connect Installment Loans are provided. $3. To get started visit our easy online application form and enter your information. Personal Installment Loans in Columbus—Personal installment loans are quickly becoming a more widely used alternative to some other short-term options. Personal loans are usually unsecured loan options available for residents of Springfield. Valid Social Security Number. 00 per withdrawal thereafter. 67. In what states is a CC Connect Installment Loan. What you need to know about a LoanMe personal loan. Even if your credit situation may not appear to be “creditworthy,” to some lenders, you may still be able to get approved for a loan made or arranged by CreditNinja. Interest Rates. Member FDIC. See rates and Terms for amounts in your state. By bundling all your outstanding debts into one loan, you can manage your debts more effectively, potentially secure a lower interest rate, and improve your credit. The most common examples include personal. Modified on October 16, 2023. No origination fee. And the best part is that you won’t need to have a perfect credit score to be approved. * First Name Last Name E-mail Address GET STARTED Anyone can encounter hard times, a Quick Credit loan makes getting an emergency loan fast and easy. com or by phone at +1 (833) 325-4854. Easily apply right from your phone, laptop or tablet - anywhere, anytime. 1700059320-158634. Depending on your state of residence, applications submitted on this website may by originated by CC Connect, a division of Capital Community Bank, a Utah Chartered. 1 free in-network withdrawal per calendar month. In what states is a CC Connect Installment Loan. For example, an Installment loan of $2,000 could have an Annual Percentage Rate (APR) of 225% and. There are many types of these loans, which can range anywhere from $1,000 up to $100,000. Their loans are offered by CC Connect, a division of Capital Community Bank (CC Bank). Of course! Loans originated at a Check Into Cash store can be paid at your nearest store or through the Retail Online Customer Portal, where available. It’s a type of installment loan where the lender covers the needed cost of buying a car, SUV, truck, or motorcycle, and the borrower repays the amount with interest over a specified time period. Once you've submitted your application, you will be quickly notified of CC Connect's loan decision and if approved, the funds will be. Credit utilization has the second-biggest effect on your credit score. After the form is complete, you’ll receive a loan decision quickly. APR is capped at 36%, and you cannot refinance a loan. CC Connect Installment Loans are provided by CC Connect, a division of Capital Community Bank, a Utah Chartered bank, located in Provo, Utah, Member FDIC. Please reference the contact information below so we can connect you with our authorized servicer. or above. 00 loan will cost you over $10,000. You can apply for an online title loan or visit a participating store in person. The principal of a loan is the amount of money you borrow. Quick Credit loans are offered by CC Connect, a division of Capital Community Bank (CCBank), a Utah Chartered bank, located in Provo, Utah. Approved borrowers for personal installment loans receive their funds in a single payment and pay back their balance in equal monthly installments. Welcome back, returning Check Into Cash customer! Here is your customer login portal. With benefits like a simple application process, flexible payment schedule, and competitive interest rates, personal loans are a popular option for people looking for quick, affordable funding. Loan rollover means extending your current loan into a new term, while adding more fees and interest. If you need money but don’t have a job, you may want to consider acquiring employment. The best way to pay off multiple payday loans is to consolidate them into one new, lower-interest personal loan. Member FDIC. They can be secured, meaning they require collateral, or unsecured. CC Connect Installment Loans are provided by CC Connect, a division of Capital Community Bank, a Utah Chartered bank, located in Provo, Utah, Member FDIC. Modified on June 18, 2023. CC Connect Installment Loans are provided by CC Connect, a division of Capital Community Bank, a Utah Chartered bank, located in Provo, Utah, Member FDIC. Conditional approval is a stage of approval for a loan (usually a mortgage) after pre-approval. Subprime lending is the practice of making loans to borrowers with low credit scores (below 670). And so, in most cases, people use cash advances for small unexpected expenses or emergencies. Unsecured loans. The title loan lender will request a lien-free title in your name if you want to borrow money with car title loans. Census Bureau, the average earnings for full-time year-round workers in 2021 was $56,473. $3. The Lendly loan is an installment loan in amounts up to $2,000. July 2021 Southwest Center for Economic Integrity 3 CC Connect loan Non-Bank Entities SunUp Financial, LLC d/b/a BalanceCredit. Spotloan is also an asset of BlueChip Financial, a tribal lending financial institution. Aside from the experiences and scenery, people who live in Tucson, AZ, also have access to quick and affordable emergency funding. Monthly payment amounts will range depending on the loan amount, interest rate, and the loan period, which is the amount of time a borrower has. These are loans repaid in regular monthly installments—hence sometimes referred to as just installment loans. com CC Connect originates installment loans through several platforms. 00 for balance inquiries, plus any fee the ATM owner may charge. Installment Loan. Quick Credit by CC Connect is a financial services company that provides installment loans to customers. With a Line of Credit, borrow as much and as often as you like within your credit limit. Many installment loans have fixed interest rates. Some borrowers, however, use payday advances for several months, which can be expensive. Loans funded by CC Connect will be serviced by Simple Fast Loans. Cash not accepted. Depending on your state of residence, applications submitted on this website may by originated by CC Connect, a division of Capital Community Bank, a Utah Chartered. St. A payday loan is a short-term loan that provides eligible borrowers with a lump sum of money.