We all try our best to save money and most of the time life is great. All is going well while you sit back and slowly watch your savings account grow to a respectable number. Then the brakes on your car go out. No big deal, you’ve got a decent savings account. While working on your brakes it is discovered that you are also in need of shocks, strut, and any number of other things. Now this is getting into some serious cash, but you can handle it. Until Uncle Joe calls and says Gramps isn’t doing very well and you now have to fly across the country, now. Sure that is a pretty morbid example and I apologize for that, but that is life. No matter how financially prepared we think we are, there will come a time when you need extra money fast. So how can you get fast cash with little to no waiting period?
When unexpected bills arise, many people are finding the usefulness of a small instant loan. These loans are generally valued from $100 – $1,500. A big pull towards these loans for many is that they also do not require an extensive background check in order to be approved. Depending on your particular circumstances there are a few different types of instant loans you can choose from. These being personal loans, student loans, and payday loans.
Instant student loans are typically used only for minor expenses that occur while away at school and not to be used for tuition. In most cases a co-signer is necessary for approval and the life of these loans are usually only for a few months so there is no long term commitment involved.
Typically instant personal loans are found through internet lenders. These loans have only a few easily obtainable requirements like having a checking account, a job, being a legal citizen, and only one or two outstanding debts. Since there is also no credit check involved they also do not require a co-signer. As soon as your application has been reviewed and your information verified the amount of your loan is deposited into your checking account. And as such, the payments will, in most cases, be automatically withdrawn from there as well.
Instant payday loans on the other hand are a bit different from the others. These loans are generally only for 2-4 weeks depending on your companies pay period schedule. You will also be required to hand over a signed, post dated check for the entire amount owed for the loan. You can find various payday loan establishments in most cities and on the internet. If you are in dire need for extra cash, this would be the route to take because it is the quickest of all the choices and you can potentially have your cash in hand within a few hours.