Saturday, April 24, 2010

Elastic Loans Provide Flexibility

Twist. Stretch. Flex. Imagine having those active verbs describing emergency cash loans. Urban Trust Bank offers a product called elastic loans and those verbs describe the product well!

Elastic loans are a flexible way to obtain emergency cash. Emergency cash and elastic loans can be used to avoid those overdraft fees from banks. Elastic loans can also help you build or rebuild your credit scores. Almost everyone runs into a situation where a little cash is needed to make ends meet until the next paycheck. You may need a bit of extra cash for emergencies such as unexpected car or home repairs. You may even need it to cover an unexpected medical emergency.

Elastic loans are a great way to handle these unforeseen situations. You can save just by having the cash to avoid the bank charging you insufficient funds and overdraft fees. Elastic loan fees are almost always less expensive than those bank fees. Service provider late fees can also be avoided. You can avoid these fees, such as those charged by utility companies, by using your elastic loan line of credit to pay those bills on time.

Elastic loans, like its name, are flexible. The program has several convenient payment options that will fit your needs. For instance you can pay your loan off in full at any time up to the due date. You can also receive an extension for a nominal fee if you are unable to pay it back in full. And there's even a convenient automatic check account deduction option.

Elastic loans are designed for short-term needs and may not be right for every financial situation. There are lower cost options such as borrowing money from family, friends, or even your employer. But if these options aren't possible for you, check out elastic loans when you are in need of emergency cash.

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