Tower Loan Review 2021: Why Apply for this Loan?
Are you looking for a fast way to borrow funds and don’t have the time to visit one of our many locations? Don’t panic! Tower Loan offers a quick and convenient process to apply for credit.
There are unpleasant situations or incidents in life that may lead to poor credit on the road. Tower Loans try to understand what caused those problems at Tower Loan and can help you get back on the right track.
With their online loans, applying in 10 minutes or less becomes super easy.
Tower Loan Application Process
When new customers are told that they can apply for loans online in as little as 10 minutes, they often have a skeptical look. But it’s true.
Tower Loan pride itself on keeping the application process as straightforward as possible.
To apply for a loan online, simply follow these three easy steps:
- Start the online application here so we can verify your email & obtain some personal, employment, and residence information.
- Answer 3-4 questions to verify your identity. You’ll receive an email stating whether you’re approved or declined.
- After you speak with a representative, you’ll receive a link to choose your loan terms & enter your bank information for deposit. Shortly after, you’ll sign your documents electronically via an email link and then voila— you’re done!
Before beginning your online application, however, we encourage you to review our requirements below. These are mandatory prerequisites that we require from all applicants.
- Applicants must be at least 18 years of age (19 in the state of Alabama)
- Must reside in one of the areas Tower Loan services
- Must be employed or have a regular source of income
- Also, must have a valid email address and a savings/checking account
Why Apply for an Online Loan
The reasons for applying for a loan are as special and complex as the individuals who ask for it. the financial condition of every single person is different. And there are countless factors affecting the decision to borrow funds.
We know at tower Loan that four out of every five American workers live paycheck to paycheck. That means most U.S. families simply don’t have the financial means to absorb the cost when expected expenses arise.
Additionally, online loans offer a level of convenience that many traditional banks and institutions are unable to provide.
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Our Approach to Credit Checks
Life can be a little unpredictable. With this reality in mind, Tower Loan tries its very best to deliver on its financial services. They recognize that many people have affected their credit scores through factors outside their control.
This is why they are working with clients to decide what form of loan will fit best with their specific credit background.
There are many ways to structure online loans for bad credit. Tower Loan assesses your current financial standing and identifies the solution that works best for you.
If they need to give you more time to repay your debt, change the interest rate associated with your loan, or protect your loan by listing an asset as collateral, they are always willing to go beyond that and provide our clients with the financial support they need,
A Worry-Free Repayment Process That Works
When it comes to online bad credit loans, one of the first questions applicants have is “What’s the catch?”. Many are concerned they will be burdened with insanely high interest rates, or face even heftier fines if they are late making a payment.
Tower Loan decides to try another angle— making debt repayment more convenient and less challenging.
For instance, we are able to set up automatic withdrawals directly from the bank accounts of our clients, eliminating the pressure of remembering due dates.
They also allow our clients to make lump sum payments at any time— making it possible to settle outstanding balances long before the established timeline.
Their clients appreciate their no-nonsense approach to payment collection as much as they appreciate how easy they make it to apply for loans online.
What is this Loan Use for?
This Loan Could be Use for anything! In most cases, consumers take out loans when they’re needing to cover unexpected expenses. This could include home or auto repairs, unforeseen bills.
Also, if they need some extra cash for a specific event like a vacation, home improvement, graduation, or a down payment on a vehicle.
Sometimes, a personal loan can even be used to consolidate debt to create a lower monthly payment. With us being above to provide services online, this provides fast service for those who can’t make it to an office right then.
No matter the credit score, see what you qualify for today.
Is it Worth it?
Since 1936, has been helping our customers. Because all our loans have fair payments in installments, there is no question about being stuck in revolving debt.
Like other online lenders, Tower Loan has a physical presence in or around the network right there. This helps if you have issues and would like to chat face to face with others.
To represent you locally Tower Loan has over 230 locations across five states.
Tower Loan prides itself in servicing its customers with the best customer service around. They listen carefully to your needs to make sure they take the worry out of obtaining credit. Unlike some lenders do after the loan is made, Tower Loan never sells your loan account.
You can count on Tower Loan to continue its customer services just as the date they first met. They specialize in taking care of all of your financial needs.