About 56% of Americans have to go into debt to cover an emergency expense.
If you’re one of them, you know how frightening it can be to have something come up. A car issue, emergency medical situation or vet bill could through your finances out of whack.
Should you find yourself in an emergency situation, you’ll need to find ways to get cash quickly. While going into debt isn’t the ideal option, sometimes it’s the only option you have.
Do you want to know where to get fast cash loans online? We’ve got you covered. Read on to discover what the best ways are to get a fast cash loan right from your computer.
1. Payday Loan
A payday loan is an easy way to get cash quickly. You look for online lenders for payday loans, show your paystubs, and get cash. These can be a great way to cover sudden expenses or tide you over another week until you’re paid, this can be used for groceries or transportation costs or any other expense you might have.
These loans are typically smaller amounts between $250 and $500. Because of their intended purpose as a short term loan, they usually need to get paid back within a couple of weeks. That includes interest and fees.
If you need a more long term or substantial loan, it’s best to look at more traditional loans which you’ll need to provide a reason for, as lenders can then assess if the funds required are a reasonable amount for the need.
2. Car Title Loan
A car title loan is another short-term loan, but you could borrow more money than a payday loan. A car title loan lets you put your car title up as collateral.
You can borrow a percentage of the value of your car. If you want to know more, have a look at how car title loans work.
3. Personal Loan
You don’t need to go to the bank and wait a week to get approved for a personal loan. There are online lenders that approve your loan in a few minutes.
They give you cash in a day or two.
You can get a larger amount of money, but you do need to have a good credit score.
4. Credit Card Advance
A quick way to get cash is to take out a cash advance from your credit card. Credit cards have a cash limit, but it may be enough in an emergency.
The problem with a credit card advance is that it’s expensive. Cash advances have higher interest rates. The standard rate is 30%.
The cash advance increases your credit card balance. That will decrease your credit score. That’s another potential problem with them.
5. Pawn Shop Loan
Do you have valuables or collectibles that you no longer need? You can turn those things into fast cash online.
Typically, a pawn shop loan requires that you go to the shop with your valuables to have them evaluated. The industry had to adapt because of the pandemic.
Shops are finding ways to evaluate your goods and give you a loan online.
The Best Options for Fast Cash Loans Online
If you need cash right this minute, you don’t have time to go to the bank or fill out a long application. Fortunately, you can get a fast cash loan right from your phone or computer.
There are several options to get fast cash loans online. Payday loans, title loans, and even pawn shop loans are good options.
Visit the Business and Finance section of the site for more financial information.
