Instant cash loans are a good way to get the cash you need in a pinch, if you can handle the responsibility of paying them back on time. Be forewarned though, if you can't pay the loan back within your terms, you are on the road to being in worse financial shape than you were before you got the loan. With that being said, everyone gets themselves in a situation when they are hurting for money. Unforeseen expenses pop up all of the time, and they tend to happen when the checking account is getting close to empty. Good, hard-working people can benefit from instant cash loans, as long as it's done responsibly.
Let's take a look at a few different types of instant cash loans. One major benefit of all of these types of loans is that it doesn't matter what your credit score is like. They all will lend you the cash you need with bad credit. Bad credit instant cash loans are great for people who are beginning to get their financial lives back on track, but still need a little help getting there.
Instant Cash Payday Loan
The instant cash advance loan is a cash loan that will front you some money and you repay it after you get your next paycheck. These loans have very short terms, which vary from two weeks to a month, depending on your pay schedule. You will either post-date a check that is for the amount lent plus interest, or they will withdraw the amount directly from your checking account on the day it's due. There isn't a way around them getting their money, so you absolutely have to have the money in your checking account on the day they take it out.
The average instant cash loan is for $500, with an average interest rate of $25 per $100. So that means that you'll pay $625 for a $500 loan. This may sound extreme (it is!) but for getting cash fast, there aren't a whole lot of other options. The amount and rate that you get will depend on how much money you make and what the lender charges for their services.
If you want to learn more about instant cash payday loans, be sure to check out Fast Cash Authority. This is a really cool site that I found that shows you all of the info you need to make sure that you don't get scammed by payday loan lenders, and all of the options available to you in your current situation.
Online Instant Cash Loan
There are payday loan companies that are now offering their services online. This isn't always legal, and will depend on which state that you live in. They tend to charge much higher rates than the storefront type of lender. This option works when there isn't any way that you can get to a payday loan store in your area.
The premise of the online instant cash loan is the same as a payday loan, but everything happens online between them and your bank. They deposit the money into your checking account and withdraw it when it's time to pay up. You'll apply by printing the necessary paperwork, printing it, filling it out, and faxing it back to them for approval.
There certainly are other types of instant cash loans, like auto title loans, but these are the most common and least risky. Be sure to read the fine print on anything you sign and know what you're getting yourself into before doing it!
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