Emergencies and unexpected happen and you don’t always have the cash on-hand to take care of the needs of the situation. It may also not be possible to borrow from a friend or family member. You do have a few options to get the cash you need today. For the options below you will need a valid checking account with physical checks, proof of income and proof of residency. You’ll also need a vehicle title if you should choose to go with an auto title loan.
Online Quick Loan
Several lenders are available online for you to make a request for a personal loan for emergency purposes. Most of these lenders offer an installment payment plan to make repaying the borrowed funds easier on your budget. These payments will include interest.
The interest rate on these types of loans will vary due to your credit rating or the base interest rate that a specific lender applies. One place that offers these type of loans is QuickLoans.net.
A payday advance is given based upon your income level. The loan is extended to you with an administrative fee and interest. The interest rate is likely to be high due to the fact that most consumers seek payday loans due to poor credit. It is a risk for lenders to extend a loan to those with poor credit histories.
When taking a payday advance it is important to read the fine print. Repayment for this occurs with only a single payment upon your next pay date.
Auto Title Loan
An auto title loan is available to those that have a paid off vehicle with a clear title. There cannot be any liens or judgments against the vehicle’s title. This is in case you default on the loan and the vehicle must be repossessed by the loan company to either sell or auction to recover the lost funds. The loan amount offered depends on the value of the vehicle after one of the loan officers appraises it. Repayment for these loans occurs in installment payments over a period of time to make repaying the loan easier.
These options along with attempting to sell items of value to a pawn shop or in a local social media yard sale group are available. You can also consider offering services in skilled trades, house cleaning or babysitting to make fast cash in a single day. Obtaining the funds you need to handle your emergency requires some foot work on your end.