Your golden years should be a time when you can relax and enjoy life—and that means having the option to put some cash in your pocket.
Did you know that there are loans and financing options that are exclusively available to seniors? Many of them feature additional benefits, lower rates, and added protection to keep you on your feet when times are tough (or when it’s time to buy that jacuzzi you’ve always wanted!). By taking advantage of these options, you can get more money at a better rate.
The 5 Best Loan Options For Seniors
1. Personal Loans
Finding the right personal loan and getting approved can take months. Who has months to wait for a loan? That’s why Even, the leading search, comparison and recommendation engine for financial services created “Fiona”.
Fiona is the fastest, easiest, most comprehensive way to search loans and savings accounts from the top providers. By filling out a simple form, Fiona checks if you are pre-approved and gets the best offers from the top providers for you in seconds, so you can get instantly matched with the right personalized offer all in one place. You can borrow as much as $100,000, with loan terms up to 7 years. The interest rate you’ll pay will depend on your creditworthiness. It will take you less than 60 seconds to apply.
2. Debt Consolidation Loan
Many seniors don’t have ideal credit scores, and it’s not hard to see why. One mistake or emergency can affect your score for years and prevent you from getting the money you need.
Credible maybe the nations best debt consolidation loan companies. You can apply to borrow up to $40,000. Whether you’re consolidating credit card debt, medical debt or even a delinquent tax bill, Credible has a quick and easy application process.
Apply now, Credible is totally free and has no hidden fees!
3. Never Miss A Bill Payment Again
Like many seniors, you may be working and possibly struggling to make it to payday. When you have a full-time job you should have access to your pay when you need it!
That’s why there’s Earnin! Earnin is an amazing mobile app that gives you access to your paycheck when you need it. This no interest, cash advance gives you access to your paycheck based on the number of days you have worked. You can have money in your account prior to payday. The fees you pay are voluntary. Earnin is a MUST HAVE app to make sure you never have to miss a bill or go without because you’re waiting for your paycheck.
4. Pay Off Your Medical Bills
Did you know that medical debts are the number 1 reason why most Americans need to file for bankruptcy! LendJet can assist you in finding a loan to consolidate all your past medical debts. Their rates are as low as 4.9%APR and you can get approved in as little as 24hrs.
If you’re drowning in medical bills you should look to consolidate today. Your life shouldn’t sink just because you or a loved one got sick.
5. Get A Better Car Loan
Whether it’s time to cruise around in the car of your dreams or you just need something bigger to hold all those grand-kids, getting an auto loan for seniors has never been easier.
And it’s at its easiest on New Car Saver. New Car Saver is one of the most reliable loan providers in America. It’s the country’s biggest lending marketplace.
It provides unprecedented access to loans of all kinds, but their benefits for auto loans are especially great for seniors. Connect with a live representative and tell them about your needs. They’ll take personal care to help you choose a lender who won’t just help you get a car, but THE car you’ve had your eye on.
Bonus: For Seniors With Special Circumstances
Sometimes Seniors need loans for unique situations. You may want to help with a wedding for a grandchild or just take a vacation to that island you have always dreamed of, here are three Loan programs that are perfect for what you are looking for:
1. Re-Finance Your Home
How long have you owned your home? Over the years, the value of your home can change, and that can affect your mortgage payments. For home refinancing, we recommend LendingTree for their excellent loan-building tools and mortgage calculators.
And the best part? They’re all completely free. It only takes 3 minutes to figure out how much you should be paying for your mortgage, and once you know the truth, LendingTree will connect you with trustworthy loan providers who can get your payments down and put more money in your pocket.
2. Pay Off Your IRS Debt
There are only two things in life that are guaranteed - “death and taxes”. The Internal Revenue Service (IRS) is relentless and if you owe them money it has sweeping effects across all aspects of your life. The IRS has the power to garnish your wages, seize your assets and place a lien on your property to obtain the money that you owe them.
If you owe the IRS and need assistance a loan from may be your best option. Getting a loan to settle your tax issues can satisfy your debt to the government but also relieve the stress you have to be under. Owing Uncle Sam money is no joke. Get a loan quote today to get Uncle Sam off your back.
Extra Bonus: Essential Apps Just For Seniors
Get these apps to help add and stretch the dollars in your wallet:
1. Stop Wasting Money When You Shop Online
Did you now that most major retailers like Amazon, Walmart, Macy’s, Target and more price guarantee their products. What does that mean? Well, if you buy a sweater today and it goes on sale tomorrow, you are due the difference in price. But, you the consumer, must go to Amazon and tell them that they owe you money.
That’s were Paribus, from Capital One, comes in. Paribus can save you up to 20% by tracking all the items you buy online and making sure you paid the lowest price. Paribus is a simple app that scans your email confirmations from the stores you shop at most. If you should have paid a lower price, Paribus will automatically start the refund process for you. The money gets refunded to your credit or debit card.
2. Work Smarter Not Harder
Vindale Research is a legitimate market research company that is hired by brands you probably know and already buy to gather consumer input. They use this info to improve their products, marketing efforts, and profitability. That’s how they pay you real cash to take surveys!
Join Vindale and you can make real cash taking surveys.
3. Get Paid To Have Fun
Inbox Dollars is one of the world’s leading online rewards clubs, and works with top brand names like Walmart, Netflix, Target, and H&R Block. Earn up to $225 a month shopping, reading email offers, and even watching online TV right on your mobile device.
How it Works: Choose a video selection (topics include TV shows, movie previews, cooking videos and more). InboxDollars lets you know how long each playlist runs from a few minutes to a half hour. Select a playlist, watch, and earn cash. Signing up with InBoxDollars is fast and easy.