You're stuck between a rock and a hard place and in need of instant cash. You were barely getting by on your already tight budget and now, your car just broke down. You can't afford a costly repair, but this is your only transportation to and from work. What to do? Quick cash loans can help you get through emergencies like this. These loans can help you get back on your feet or in this case back behind the wheel.
Quick cash loans for emergency money come in several different types. You can always start with your bank or credit union. They'll offer the best interest rates on any cash you borrow. These institutions will also have the best options in variety of loans. You can choose from home equity loans, a home equity line of credit, or an unsecured personal loan. You can even apply for a credit card and use it for cash advance to come up with the emergency funds you need. All of these are good options, contingent upon one vital requirement...your good credit rating. You'll also need to supply proof of sufficient income to pay back the loan. If your local bank can't help you, try using a credit union which may be a little more flexible in offering these options.
Yes you can even get a payday loan in 1 hour from a cash cow.
If your credit is the reason you can't get a loan from your credit union or bank, you're still not out of options. There are still quick cash loans can get in the form of payday loans. These loans are easier to get, but at much higher interest rates and fees than traditional lenders. Payday loans will usually let you borrow anywhere from $100 to $1000.00. The exact amount you can borrow depends on the amount of your income. These payday loans can be a lifesaver, especially since they don't require credit checks. The only requirements usually are that you be employed full time or receive income like pension or social security benefits. You must also have a checking account.
These loans are really quick, usually providing you with the needed cash by the next morning. These loans are designed to be short use, meaning you should pay it back on your next one or two pay periods. The longer you hold on these loans, the higher the charges (running in the several hundred percents) and fees.
You can also get other quick loans like car title loans or a bad credit unsecured $5000 loan. In this first instance, you just need to have a car and the title to that car showing you own it and not paying a bank or credit lender to buy the car. The amount of loan you can get will be based on the value of the car. You sign over the title of the car to the lender to be used as collateral. Just like quick cash loans, a lifesaver in a true emergency. But the risks are high and so are the interest rates and other fees. Plus, if you default, the lender gets to take your car.