Getting a loan usually seems like a very complicated process that can be hard to understand and go through, however, some ways can guarantee you get your loan without having to go through any hassle and without having to wait months on end for your loan to be approved. These methods of fast loans can vary from one place to another, but they are quite similar and are easy to apply for.
1- Family and Friends
People often forget that they can borrow money from their family and friends, especially if you only need a small amount of money to cover what you need. This is an easy way of getting a loan because you do not have to go through a lengthy application process and wait until your loan application gets accepted. All you have to do is ask a friend or family member for the amount you need and draw up an agreement about how you are going to be giving back the money and how much the interest will be. One ultimate benefit of this type of loan is that no one is going to check your credit score, plus your family and friends are going to be flexible and understanding when some emergencies or situations could result in you paying them back a little later than expected.
2- Credit Card Cash Advance
If you have a credit card, you can usually withdraw money from it at any ATM around you. This can be a great alternative to waiting for a loan, especially if you are really short on time and need the money as soon as possible. If you decide to go for this method, you need to be sure that you have credit available on your card or it won’t work. You also need to be fully aware of how much the interest is going to be when you get a credit card cash advance because it could affect your past credit card debt.
3- Cash Advance Loans
This is kind of similar to a credit card cash advance, however, you do not just withdraw the money from an ATM. You need to go to the bank and apply for such a loan. Usually, a cash advance loan will be given to you based on the fact that a substantial amount of money is going to be at your disposal at a later time so that you can pay off the loan you are taking now. This is very common in cases of inheritance that needs to go through probate before you receive it.
4- Online Loans
Online loans have the advantage of an easy application process. You can apply for a loan for thousands in a matter of seconds through different websites online. These websites basically connect people who want loans with lenders available based on both the lender’s and loaner’s requirements. Based on the opinion of the experts at GreenStarCash, this is another great option for people who do not have high credit scores because you can find different lenders that do not check your credit score before giving you the loan. Just remember that these types of loans can differ in interest and installment plans based on different factors.
5- Payday Loan
This can be very helpful if you just need a bit of money to tide you over until your next payday. Usually, the amount you can get when applying for a payday loan is a percentage of your pay. This ensures that you can pay back the full amount immediately after getting paid. You can get a payday loan from your bank easily and without much hassle especially if your credit score is not low.
6- Paycheck Advance
People often confuse this type of fast loan with a payday loan because of how similar they are. There is one distinct difference which is the source of the loan itself. Unlike the loan previously mentioned, a paycheck advance is received from your employer before your payday, as an exception because you need money. You can get this type of loan by speaking with your employer and asking them for an advance of a certain percentage of your regular paycheck.
These different ways can be used to get you the money you need as soon as possible. Of course, they are going to vary slightly from one person to the other depending on their friends, bank, and where they work, but most if not all the time, all of these methods are going to be available. Remember to study the requirements that the lender has before applying for a loan so that you are well aware of all the details, payment dates, and collateral.