It happens to everyone. Your car breaks down, you forgot to pay a bill and you’re facing a major problem, but you don’t have the cash in the bank to take care of it. You need money, and fast. You’re a good person, but you’re just in over your head and a quick, temporary influx of cash is necessary to get you out of it.
You’ve also heard horror stories about fast loan places. The truth is, if you use them properly, quick loan options can be a saving grace for your emergencies. Discover some fast, reliable and trustworthy ways to borrow money if you’re facing an emergency situation and you need an influx of cash right now.
Ways to Borrow Money Fast
If you’re not in dire need, and you have very solid credit, a trip to your bank or local credit union is probably the best of all ways to borrow money. You’ll get the best interest rates that way, and the best repayment terms. You can also try to negotiate with your creditors to put off paying for financial difficulty, or you can ask your employer for a paycheck advance. Friends and family can also be a way to get cash that you need.
Other options, if you need money faster, include credit card advances, pawn shops, and payday loans. These, however, carry significant interest rates and tricky repayment requirements.
Credit Card Advances
Your credit card company probably has an option for you to essentially use it like an ATM card. Getting cash from your credit card allows you to get cash immediately. The down side is you’re usually very limited in how much you can get, and the interest rate will run at least 25%. You’ll also pick up a cash advance fee in most cases.
Pawn Shops are a good way to get money fast. If you have an item of value you can put up as collateral, the pawn shop may loan you money against it. These have a lower interest rate on the loan, and if you don’t pay it, you lose the item you swapped, but you don’t suffer a hit to your credit.
Payday loans are a valid resource, but they should really be a last resort. They carry an interest rate of nearly 400% on average, and are due in full within two weeks. The up side is that there’s no credit check and you can have the money within a day. Just be sure you can pay it back, and never take out more than you absolutely need.
Koster’s Cash Loans
If you’re looking for a personal loan fast in the Las Vegas and Henderson areas, and you want better terms than your credit card or payday loan can offer, Koster’s Cash Loans is here. We believe in helping people get out of jams without getting them deeper in over their heads. Read a bit about who we are and what we do, and apply for your cash loan today.