Need $500 Now? Do This To Get It And Build Your Credit

We will show you how to get that $500 while enjoying the added benefit of building your credit via a super simple loan.

What is your go-to move when you are short on cash? Do you call up family and friends? Sell stuff online that you no longer need? Or do you apply for payday loans? If it’s the latter, you are certainly not alone, as well over 10 million people apply for such loans each year in the U.S. And while a payday loan can give you quick cash, it can also result in a long-term financial headache. Why? Because payday loans often come with incredibly high interest rates (up to 400%) that can make you wish you never applied in the first place.

To keep you from applying for payday loans in the future, let’s take a look at short-term installment loans from Possible Finance that can not only lend you money, but also build your credit in the process.

The Benefits Of Building Your Credit

The quick cash you can get from a short-term installment loan can definitely be helpful because if you get up to $500, that can pay off several small bills. What is even more helpful? Building your credit with that installment loan, because good credit can help you reap the following rewards in the future:

• Pay lower interest rates on loans and credit cards.
• Have an easier time getting a credit card.
• Get loans to buy a house or car.
• Rent an apartment.
• Pay less for insurance.
• Avoid having to leave a costly deposit when you open a new cell phone or Internet account.
• Get hired for jobs by passing the financial part of the background check.

As you can see, building your credit through a $500 installment loan has its benefits. Now let’s look at how to get that loan.

How To Apply For A $500 Short-Term Installment Loan

There are many reasons to apply for a short-term installment loan from Possible Finance instead of a payday loan. For starters, you can avoid those 400% interest rates. Second, it’s not an issue if you have bad credit, as Possible Finance will not run a credit check when applying for the loan. Third, you will have two months to pay the $500 loan back instead of a payday loan that wants its payment from your next paycheck. And lastly, if you take two months to pay the installment loan back, you can build your credit over that time.

To apply for a $500 loan from Possible Finance, go here. Download the app to your phone, and follow the instructions as they appear.

Before you apply, know that interest charges are involved that can hover around 150%. While high, that number is way lower than a 400% payday loan, plus it builds your credit so you can enjoy cheaper interest rates on credit cards and other loans later on.