Tuesday, September 4, 2012
Emergency loans - 3 ways to get fast cash
We've all been in a traffic jam when we need cash - fast. Maybe that's an emergency, unforeseen medical expenses, or just spending unpredictable. Whatever the reason, you can get a loan quickly without a lot of problems if you know where to look:
YOUR HOME
Home equity loans and home equity lines of credit are available to any homeowner who has equity - the value of your home minus the amount still owed. Essentially, your house is collateral for these loans, and you can borrow from the capital available. Home Equity Loans are relatively easy to obtain. If you choose an online lender, the application and documents can usually be done via the Internet, which means a faster process than a traditional lender. In many cases, you can expect to have money in your hands within a few days.
Your salary
Need money even faster? You can get the day going to a payday lender. These lenders offer money in exchange for one of your personal checks for the same amount - plus interest. They will hold your check until your next payday. Then cash the check and collect their money. Although interest rates on these loans tend to be high - especially for a loan with a short-term -: were available to anyone and are super-fast.
CREDIT CARD
If you have any available credit on your credit card, in most cases you can get a cash advance. Typically, you insert the card at any ATM, type your PIN and get cash back. However, you pay a high interest rate - and any additional costs. And all payments posted to your credit card company will first be applied to purchases at lower rates before they are applied to higher rate cash advances. Here is a list of recommended lenders online payday cash advance. It 's important to use a reputable online lender to verify your personal information is secure.
If you're in a pinch, there are many ways to get money quickly, depending on how quickly you need. Just remember: the fastest loans have a high fixed price, usually in the form of an interest rate higher. So, look for less expensive options first .......
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