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 may not cover you. Let us know more detail about ‘Loans Like Elastic’. ..
Loans Like Elastic
- payday loans from lenders like Flexible Credit
- short-term loans from lenders like Elastic Credit
Avant
Avant is a loan platform that allows borrowers to choose the amount they want to borrow. Avant loans are more secure than Elastic Credits, as they have a higher limit of $35,000. To borrow from Avant, you must have an active bank account and proof of income. For Avant loans, the fee charged is 5%, return payment fee is $15 and the late payment fee is $25.
Mobilloans
Mobiloans are available in all states that Elastic is available in. The 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 Elastic. Because 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 given. Mobiloans 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 CashNetUSA. It is only available in Wisconsin, Missouri, South Carolina, Idaho, Alabama, Louisiana, Kansas, Tennessee, Virginia, and Utah. Unlike Elastic Credit which needs a credit check in creating an account with them and has a credit limit of $3,000; CashNetUSA does not have a credit check and has payment options of bi-weekly or monthly. Each time you withdraw funds it attracts a transaction fee of 15% for late payment as well as $5 to $20 for payments made after the due date. These loans are insecure because they are not secure.
Ladder Credit
The few requirements for applying for Ladder Credit are that the borrower must have a good credit score, be a U.S. citizen or permanent resident, and not have any record of bankruptcy. The credit limit 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. After approval, funds are disbursed within two business days. ..
MoneyKey
MoneyKey is a similar application to Elastic, with some key differences. For example, 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 number. There is an annual fee of $50 paid by every borrower. The loans are insecure, similar to Elastic
Conclusion
The 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.
Emergency loans should only be used for short-term needs, such as for groceries, rent, or car repairs.
payday loans are available in all states. Avant is a payday loan company that offers a variety of loans, including short-term and long-term loans.
