1/7/2024 0 Comments Giggle finance phone number![]() ![]() One of the more interesting aspects of Giggle Finance is that unlike most lending institutions, the company does not have any credit requirements. ![]() Requirements to Join: Do I Qualify for Giggle Finance?Īs long as you are an app-based freelancer, own a small business, operate as an independent contractor, or are an online seller or franchise owner (Etsy, eBay, Avon, etc.), you qualify. Giggle Finance offers several services to its users, including: The website does not have information about what happens if you are unable to repay the loan, but they do say that repayment times are flexible and that they do not charge a late fee. In addition to the loan amount, they will also charge you a service fee and interest on the loan, which they automatically collect through your bank account. To do this, the company gives you the money you need right away (known as a Giggle Advance), but then collects the amount they loaned you through a series of automatic debits from your checking account until you repay the loan. In this case, however, the money you borrow is paid back by selling a portion of your future sales to Giggle Finance until you repay your loan. In the broadest sense, Giggle Finance is like an advance in which you receive the money you need now, but promise to pay it back once you receive your paycheck. Giggle Finance is an online lending platform that provides fast and transparent financing to help small business owners and independent contractors who need to borrow money quickly but may have trouble getting a loan from a regular bank because they earn 1099 income rather than receive pay from a traditional type of job. ![]() ![]() This article was sponsored by Giggle Finance, but all opinions are our own. If you’ve ever found yourself in a situation where you need a loan to tide you over (car repair issues, anyone?), Giggle Finance might be right for you. Giggle Finance helps connect gig workers and the self-employed to loans, providing fast and transparent financing without the hassle we’d get from traditional banks. Unlike their big bank counterparts, they won’t demand years of tax returns or have you fill out a mountain of paperwork before they’ll consider you for a loan. All your bank knows is that you’re self-employed, and as such, they see you as a risk when it comes to letting you borrow money.įortunately, there are FinTech companies out there, like Giggle Finance, that don’t have a problem lending money to 1099 contractors. If you work for yourself and need to borrow money, it doesn’t really matter what you call yourself. Gig worker, freelancer, independent contractor, small business owner. This does not influence our recommendations or editorial integrity, but it does help us keep the site running. Let’s build a better financial world through technology and innovation.At no extra cost to you, some or all of the products featured below are from partners who may compensate us for your click.
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