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John Wasik Loans

5.0 (2) 2
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Reviews
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Karen V.
Aug 22, 2023
I experienced a quick and smooth process. My loan was approved and funded in less than 24 hours!
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Steve M.
Jun 15, 2023
The customer service here is exceptional; they guided me through each step of the loan process.
Frequently asked questions
help_outline Who is eligible for an allotment loan?
Allotment loans are primarily available to federal employees and USPS workers. The eligibility requirements may differ among lenders but usually include proof of employment, a minimum credit score, and a stable income.
help_outline How much can I borrow?
The amount you can borrow can reach up to $35,000, based on the information you provide during the application process, your creditworthiness, and the lender's guidelines.
help_outline Are hard credit checks required?
No, many lenders that provide allotment loans do not perform hard credit checks, which helps preserve your credit score during the application.
help_outline How are the funds disbursed?
Funds are deposited directly into your bank account, ensuring a quick and uncomplicated disbursement process.
help_outline What are the interest rates?
Interest rates for allotment loans can vary significantly, often being more competitive than traditional personal loans. They range from as low as 5% to as high as 36%, depending on various conditions such as your credit score and loan term.
help_outline Are there origination fees?
Yes, many allotment loans have an origination fee that typically falls between 1% and 6% of the loan amount, which is deducted from the total before the funds are disbursed.
help_outline Are there prepayment penalties?
Some lenders may impose a penalty for early repayment of your loan, but not all do. It's vital to check this if you plan on paying off your loan before the agreed term.
help_outline What happens if I miss a payment?
If you miss a payment, you will likely incur late payment fees, which could either be a fixed amount or a percentage of the missed payment. Additionally, late payments can adversely affect your credit score.
help_outline Are there additional fees and charges?
Yes, there may be other fees, like check-processing fees or fees for bounced payments. It’s best to read your loan agreement carefully to be aware of all potential costs.
help_outline Should I consult a financial advisor?
While allotment loans can provide quick access to funds, getting advice from a financial advisor can help ensure you are making the best decision for your financial well-being.
5.0
6 reviews

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RobertsdaleBaldwin Countyallotment loansfederal employee..no credit..short-term loanssame-day funding

Business History

Established in 2020 • 3 years in business
John Wasik's loan service has been providing allotment loans since 2020, catering specifically to federal employees and USPS workers.

What We Offer

Finance

Allotment Loans
Loans specifically designed for federal employees and USPS workers, providing quick access to funds based on employment stability and creditworthiness.

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