Although the financial help provided by Mypersonaldollars.com are short-term loans intended to be paid off quickly, various Truth-in-Lending laws require financing disclosures to be expressed as an Annual Percentage Rate (APR), or the cost of the credit advanced to you expressed as an annual rate. This requirement provides uniformity among various credit sources, so you can compare rates and make the choice that is right for you.
You will notice that the APR for an online short-term loan is higher than most traditional loans, however, please note there are important differences between traditional loans and short time online loans:
- Short-term loans are meant to help you get through a few days or weeks rather than several months.
- Requirements are much less obtrusive than traditional lending sources,
- Process is quick and easy with simple application process and funding within the next business day.
- Short-term loans don’t require any collateral.
APR Disclosure Table
NOTICE: Our loans can be a very expensive way to borrow. They should be used for emergencies and as a short-term solution and should not be considered as a long-term financial solution. Please read and understand the terms of the loan agreement before signing.