It may be more straightforward to start with saying whom Eagle isn’t. We have been maybe not a advance loan operation, вЂњpayday lenderвЂќ or a вЂњtitleвЂќ lender. Those companies continue being under federal federal government scrutiny presently and often customer boat finance companies like Eagle are wrongly rolled into that category that is same. This might be most likely because we have been both perhaps not conventional banking institutions, but both nevertheless lend cash. Nonetheless, the similarities end there.
Eagle is really a old-fashioned consumer finance business. The company model (and prices) of conventional boat loan companies have actually basically maybe perhaps perhaps not changed in over 130 years. With Eagle, you prevent the typical red-tape that banks subject you to definitely in order to obtain 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 use Eagle for things as immediate and necessary as having to pay bills, or since discretionary as going for a fantasy holiday. Various other examples are: fixing an automobile, purchasing furniture, house fix, going costs, and rebuilding credit that is personal.
THAT IS A вЂњTYPICALвЂќ EAGLE CUSTOMER?
Simply speaking, Center America. Almost all of our customers have good investing jobs. A few of our customers have experienced credit bureau dilemmas as a result of a past life situation: unexpected medical cost, task loss, divorce proceedings, unexpected income decrease, or maybe even simply easy bad planning that is financial. Weiterlesen