Faqs .Eagle is a consumer finance company that is traditional.

Faqs .Eagle is a consumer finance company that is traditional.

THAT IS EAGLE LOAN/ EAGLE FINANCE BUSINESS (“EAGLE”)?

It might be more straightforward to begin by saying whom Eagle is certainly not. We are maybe not a cash advance operation, “payday lender” or a “title” loan provider. Those companies continue being under federal government scrutiny presently and sometimes customer boat finance companies like Eagle are incorrectly rolled into that category that is same. It is most likely because we have been both maybe not old-fashioned banking institutions, but both nevertheless provide cash. But, the similarities end there.

business model (and rates) of old-fashioned boat finance companies have actually basically perhaps not changed in over 130 years. With Eagle, you steer clear of the typical red-tape that banking institutions subject you to bad credit loans monthly payments direct lenders definitely so that you can get a loan that is small.

Our main company is simple- unsecured loans to people. Typically, loans are $1,000-$10,000 and paid down in 8-24 months. Individuals utilize Eagle for things as necessary and instant as having to pay bills, or since discretionary as using a dream holiday. Various other examples are: restoring an automobile, buying furniture, house repair, going costs, and rebuilding credit that is personal.

THAT IS A “TYPICAL” EAGLE CUSTOMER?

Simply speaking, Middle America. The majority of our clients have good paying jobs. Several of our customers have experienced credit bureau problems due to a previous life situation: unforeseen medical cost, work loss, breakup, unexpected earnings decrease, and maybe even simply easy bad monetary preparation. Him or her might not be in a position to borrow funds at a bank that is traditional bank card business.

Other customers just such as the simplicity and convenience of performing company with Eagle.Continue reading