Rather than provide loans directly, Spotya is a short-term loan connection service that works with lenders offering up to $1,000.
You don’t have to meet strict eligibility criteria to qualify, either. As long as you have a steady source of income and a checking account, you may be able to find a lender that can help. The process is quick, and you’ll find out if you’ve been connected shortly after you fill out an online form.
While you don’t have to pay Spotya any fees to use its service, you should still borrow with caution: Short-term loans often come with high interest rates that can result in you paying hundreds of dollars in interest.
What are the benefits of using Spotya?
From its fast service to its free educational resources, there are a few perks of using http://usapaydayloans.info/reviews/spotya/:
Quickly compare offers. You can complete the online form in a matter of minutes and potentially get connected with lenders that can help.
Bad credit accepted. Even if you don’t have the best credit, Spotya may still be able to connect you with a lender.
No collateral. Spotya works with short-term lenders that don’t require any collateral. This means you won’t have to back your loan with an asset — like your car title.
Educational resources. Spotya has a blog that covers an array of topics, including responsible borrowing, credit card debt, payday advances and online lenders.