📖 Borrowing Guides

Only borrow what you need. Before applying, calculate the exact amount required for your expense. Borrowing more than necessary means paying more interest.

Key principles:

• Assess your true need
• Ensure you can afford payments
• Have a repayment plan
• Consider alternatives first

Preparation is key. Having the right information ready makes the application process smooth and fast.

What you'll need:

• Valid government ID
• Proof of income
• Bank account details
• Contact information
• Employment details

Credit matters. While Little Lake Lending accepts all credit backgrounds, better credit can lead to better rates through our Big Fish Rewards program.

Credit-building tips:

• Make all payments on time
• Keep balances low
• Don't apply for too much credit at once
• Monitor your credit report

Success starts with a plan. Effective loan management ensures you stay on track and build toward better financial health.

Best practices:

• Set up AutoPay for on-time payments
• Pay extra when possible (no penalties!)
• Track your progress regularly
• Contact us if you need help

Emergency loans are for emergencies. They're designed to help when unexpected expenses arise—not for everyday spending.

Good reasons to borrow:

• Medical emergencies
• Essential car repairs
• Urgent home repairs
• Unexpected bills that can't wait

Know what you're signing. Understanding your loan terms helps you make informed decisions and avoid surprises.

Key terms explained:

• APR: Annual Percentage Rate (total cost)
• Principal: Amount borrowed
• Term: Repayment period
• No prepayment penalty: Pay early, save money!