Orlando, FL Payday Loan Alternative

Many major theme parks and attractions including Universal Studios and Walt Disney World make their home in Orlando, Florida. While the tourism industry in Florida has an impact of over 60 billion dollars and Orlando alone saw over 60 million tourists in 2015, Orlando residents still face day-to-day financial struggles.

The cost of living in Orlando is relatively high with monthly rent averaging around $1,600, and comparing that to the city’s low per-capita income, it is easy to see why many people quickly run through their paychecks every month. If unexpected expenses arise, such as medical bills or car repairs, Orlando residents may find themselves in a bind when they’ve run out of cash and still have to pay for bills, gas or groceries.

Installment Loans vs Payday Loans

While many people may turn to payday loans because they need a quick cash solution, they often overlook the short repayment period payday loans require. Oftentimes, repaying a payday loans restricts cash flow and leaves borrowers still in need of cash. MaxLend offers an alternative to payday loans, with more flexible repayment options. With an installment loan from MaxLend, you can pay back your balance in manageable installments for up to six months, freeing up cash flow for your regular living expenses.

Remember, these are not typical payday loans that force you to repay the whole amount with your next paycheck, which might restrict your cash flow for regular expenses and lead you to borrow more. No one wants to get stuck in a cycle of debt!

How to Apply

MaxLend provides installment loans in amounts up to $2,000. Orlando residents can easily apply for an installment loan online using a phone, computer or tablet. Once the online loan application is filled out, a friendly associate will call to verify information and answer any questions you may have. Like payday loans, installment loans from MaxLend have minimal eligibility requirements.

Applicants must be at least 18 years of age and a United States citizen to apply. They must have a verifiable source of income and a bank account that meets minimum open duration requirements. Applicants must not be involved in bankruptcy proceedings or have intention to file for bankruptcy. MaxLend does not provide loans to active duty military members, their spouses or their dependents. Additional requirements and restrictions may apply.

MaxLend installment loans provide access to funds you need now and allow you to pay off your balance in installments for up to six months. Once your information is verified and your loan is approved, your funds are direct-deposited into your account as soon as the next business day. You can use the cash for anything you need, knowing you have ample time to repay the loan. Apply for an installment loan today!

References:

1 http://media.visitorlando.com/pressrelease/index.cfm/2015/4/9/Orlando-Becomes-First-Destination-To-Surpass-60-Million-Visitors-Sets-New-Record-For-US-Tourism/
2 http://www.stateofflorida.com/facts.aspx 3 https://www.expatistan.com/cost-of-living/orlando

The content on this site is for informational purposes only and is not professional financial advice. MaxLend does not assume responsibility for advice given. All advice should be weighed against your own abilities and circumstances and applied accordingly. It is up to the reader to determine if advice is safe and suitable for their own situation.

MaxLend, is a sovereign enterprise, an economic development arm and instrumentality of, and wholly-owned and controlled by, the Mandan, Hidatsa, and Arikara Nation, a federally-recognized sovereign American Indian Tribe. (the “Tribe”). This means that MaxLend’s loan products are provided by a sovereign government and the proceeds of our business fund governmental services for Tribe citizens. This also means that MaxLend is not subject to suit or service of process. Rather, MaxLend is regulated by the Tribe. If you do business with MaxLend, your potential forums for dispute resolution will be limited to those available under Tribal law and your loan agreement. As more specifically set forth in MaxLend’s contracts, these forums include an informal but affordable and efficient Tribal dispute resolution, or individual arbitration before a neutral arbitrator. Otherwise, MaxLend is not subject to suit or service of process. Neither MaxLend nor the Tribe has waived its sovereign immunity in connection with any claims relative to use of this website. If you are not comfortable doing business with sovereign instrumentality that cannot be sued in court, you should discontinue use of this website.