Comparison Chart

Know the Difference!

LPI Loans Consumer Installment Loan vs. Credit Card and Payday

Here are six good reasons to choose an LPI Loans consumer finance loan.

Installment Credit Card Payday
*This table is from the White Paper: Traditional Installment Loans are a Beneficial Form of Credit for Working Americans published by AFSA, 2015.
Determines Your Ability to Repay the Loan Yes Yes No
Affordable, Equal Monthly Payments Yes No No
Balloon Payment Required at Payoff No Yes Yes
Penalty for Early Repayment No No Sometimes
Reports Payment Behavior to Credit Bureaus Yes Yes No
ACH Required No No No

LPI Loans, Inc. – The Smarter Choice

When you choose a consumer finance loan over a credit card and/or title/payday loan you know what you are getting into. You will be able to budget in your exact monthly payment, you will know exactly how much your interest charges will be, and you will know exactly how long it will take you to pay back the loan if you make your payments as scheduled.

See the Difference

The numbers speak for themselves!

Anytime I need extra cash I can always count on Lloyd’s Plan. They are always here to help out!
Jennifer F. IA