As of today, Elastic is not available in Georgia, Colorado, New York, New Jersey, Connecticut, Massachusetts, North Carolina, New Hampshire,Pennsylvania, West Virginia, and Vermont. When you apply at Elastic Credit, the Military Lending Act can not cover you. Let us know more detail about ‘Loans Like Elastic’.
Loans Like Elastic
Flexible, innovative, and more competitive interest rates are provided by other lenders, similar to Elastic. They are simple to use like Elastic and less cumbersome. These lenders can be used if you need a short-term loan. Loans given by platforms like Elastic Credit are called payday loans. Some of these lenders are:
AvantCashNetUSATodaySunnyMobiloansConnexus Credit UnionFirst Premier BankLadder CreditHonest LoansGreen LoansRise CreditLend UpMoney KeyNet CreditLoan SoloLend YouOpp LoansBlue Trust LoansCheckcityMaxLendCredit NinjaSpotloanLending TreeFig LoansNet CreditZippy LoanLend JetNext-Day Personal Loan
Avant
Loans can be granted after 24 hours, while some may take a while. Avant is similar to Elastic in the sense that you have the option of selecting the amount that you want. Avant loans are insecure, similar to Elastic Credits. The loan limit for Avant is higher than that of Elastic, given up to $35,000 based on the borrower’s creditworthiness. To borrow from Avant, you must have an active bank account, proof of income, with a credit check (which is a requirement). For Avant loans, the fee charged is 5%, returned payment fee is $15 and the late payment fee is $25.
Mobilloans
Mobiloans are available in all states that Elastic is available inThe loan limit for Mobiloans is smaller than that of Elastic, with a maximum of $2,500 based on the borrower’s creditworthiness. Mobiloans are insecure, similar to ElasticBecause of its unavailability in some states like Montana, South Dakota, the District of Columbia, Arkansas, Maine, and Minnesota, including states listed under Elastic, borrowers cannot be residents here. Loans are usually disbursed within 2 business days after approval is givenMobiloans have a payment option of weekly, bi-weekly, semi-monthly, and monthly. For each $20 received, a fee of $1 – $3 is to be paid
CashNetUSA
This is available in fewer states compared to Elastic Credit. It is only available in Wisconsin, Missouri, South Carolina, Idaho, Alabama, Louisiana, Kansas, Tennessee, Virginia, and Utah. Unlike Elastic, CashNetUSA does not need a credit check in creating an account with them. The credit limit is only up to $3,000 which is lower than Elastic Credit. Payment can be made bi-weekly or monthly. These are the available options. Each time you withdraw funds, it attracts a transaction fee of 15%For late payment, the fee ranges from $5 to $20, and in some cases, depending on the resident state, it can be 5% of the unpaid amount. These loans are insecure
Ladder Credit
The application requirements are all similar to that of ElasticRepayment options are few, it can only be done monthly. The credit limit of Ladder Credit is $1,300, which is very low. Active military members or military dependents are excluded from borrowing at Ladder credit. This means that a borrower can not be covered by the Military Lending Act. The borrower must have no record of bankruptcy. After approval, funds are disbursed within two business days
MoneyKey
MoneyKey is also similar to Elastic in terms of application requirements. MoneyKey is only available in South Carolina, Tennessee, and Kansas. They do not charge a cash advance fee but rather, interest. A loan limit of $1,000 is what MoneyKey has to offer. In addition to the application requirements, you must provide a valid email address and phone numberThere is an annual fee of $50 paid by every borrower. The loans are insecure, similar to Elastic
Conclusion
These online lending platforms are for borrowers who already have bad credit with their banks, that is, they have outstanding loans or overdraft cards. With the information provided above, other options can be considered when choosing an online loan platform.
What situation is suitable for payday loans?
Short-term loans should only be applied for in emergency financial situations.
What type of payday loan can I apply for if Elastic is not available near me?
Several payday loans are available in all states. An example is Avant
