We have all run into abrupt financial problems such as a trip to the emergency room, broken car or forgotten bills. In such cases, you need to get access to cash and fast. You can have money in your pocket like almost immediately with personal loans and credit card advances. You can also ask for a loan from your credit union or bank, but this takes a bit more time. Before you accept cash from your first willing lender, take a few minutes and think, especially if you have bad credit or no credit. The chances of getting high interest rates from fast cash are high.
| Lender | Amount | Type | Cost | Features |
|---|---|---|---|---|
 |
$500 to $35,000 | Personal | up to 35.99% APR | Any Credit Score, easy online application |
 |
$100 to $15,000 | Payday & Personal | APR | Any Credit Score, easy online application |
 |
Up to $1000 | Payday | 200% to 2,290% | All Credit Welcome |
First, you should check whether you can get more time. Before you make that fast decision of getting a loan, check whether you have the option of delaying the payment. This allows the billing representative to waive some of the fees or create a flexible repayment plan for you.
You can ask your friends and family for a quick loan but make sure that you create and agree on a repayment plan. If you are employed, you can ask your employer for an advance, he/she might have a loan assistance program for the employees.
How to borrow Money Fast
Cash Advance
This is a direct loan from your issuer and can be obtained using a credit card at an ATM. Credit Card Cash Advance have very high costs because interest starts to build up almost immediately and there is no grace period. Therefore, you must repay the loan as fast as possible if you want to prevent the charges from going out of control. You can only take cash advances up to a few hundred dollars; therefore, you cannot withdraw your whole credit limit.
Payday Loans
Payday lenders offer instant cash loans without checking your credit. You only need to have a bank account and a regular paycheck to qualify. These lenders normally charge very high rates some with upwards of over 1000 percent. People are normally trapped in debt because of the small grace period and high interest rates. Pawnshop loans are a better alternative because their APRs are lower as you have to leave a particular item that is sold if you fail to repay on time.
Online Loans
There are online money lenders that offer loans in less than sixty minutes or within a business day. They base their rates according to your credit history and they are normally capped at 36 percent. Other online lenders consider the type of work you do or your college major. Some even cater to the lenders with good credit or those with bad credit. Lenders that make same day loans include:
