Faqs .Eagle is a traditional consumer finance company.

Faqs .Eagle is a traditional consumer finance company.

THAT IS EAGLE LOAN/ EAGLE FINANCE BUSINESS (“EAGLE”)?

It might be much easier to begin by saying whom Eagle just isn’t. Our company is perhaps not a cash advance operation, “payday lender” or a “title” loan provider. Those companies carry on being under federal government scrutiny presently and sometimes customer boat finance companies like Eagle are improperly rolled into that category that is same. It is most likely because our company is both maybe not old-fashioned banking institutions, but both nevertheless provide money. Nonetheless, the similarities end there.

the business enterprise model (and prices) of old-fashioned boat loan companies have actually basically perhaps not changed in over 130 years. With Eagle, you steer clear of the typical red-tape that banking institutions subject you to so that you can get a small loan.

Our business that is primary is- unsecured loans to people. Typically, loans are $1,000-$10,000 and paid down in 8-24 months. Individuals utilize Eagle for things as necessary and instant as spending bills, or because discretionary as using a dream getaway. Other examples are: fixing an automobile, purchasing furniture, house fix, going costs, and rebuilding credit that is personal.

THAT IS A “TYPICAL” EAGLE CUSTOMER?

In a nutshell, Center America. The majority of our clients have good investing jobs. A few of our customers experienced credit bureau problems as a result of a previous life situation: unforeseen medical cost, task loss, divorce proceedings, unexpected earnings decrease, and maybe even simply easy poor planning that is financial. Him or her may possibly not be in a position to borrow cash at a bank that is traditional charge card business.

Some other clients just such as the convenience and ease of performing business with Eagle. As a result, a number of our current clients are repeat customers and employ Eagle within the fashion that is same Us citizens responsibly utilize bank cards today. […]