If you're looking into fast cash loans, you have to know all of your options in order to get the most bang for your buck. You'll have to pay your fast cash loan back, so you have to figure out which loan is going to give you the lowest interest and charge you the least. There are a few common fast cash loans available, and others that are more obscure and more risky.
Keep in mind that you're not alone in your hunt for quick cash. More than half of Americans live paycheck to paycheck, which equates to millions of people looking for quick cash loans each year. This huge number of people looking for these loans has created more options that weren't available a few generations ago. This is probably bad for society as a whole, but great for you in your current situation!
Fast Cash Payday Loans
Fast cash payday loans are a great resource for people that have a job and are strapped for cash. There are only a few things you need to be approved for a fast cash advance loan, and a good credit score isn't one of them! You can get fast cash with bad credit as long as you have a bank account, proof of you job (paycheck stubs), and proof of who you are (driver's license). They'll take a look at how much you make and what your living expenses are like to determine how much they can lend you. You'll pay the loan back by writing them a post-dated check for the amount you owe, plus fees and interest, for the date your loan is due to be paid back. Super easy and super fast!
Fast cash online loans are also available. They work exactly the same as regular payday cash advances, but you'll prove your employment and identification by filling out a form that you download from their website and faxing it back to them. You won't write them a check, instead you'll give them your bank account info and they'll withdraw the amount when your loan is due to be paid. The rates and fees tend to be much higher for these loans, but they're always open and always available when you need them.
Fast cash personal loans are also available from your bank. You'll need a decent credit score in order to be approved, but the real advantage here is that you'll get much, much better terms than you would with a payday advance loan. The interest rate charged on these loans will only be a fraction of what they payday lenders are charging and you can get months to pay it back, rather than a few weeks.
It may seem like banks move at their own slow pace, but many of them can approve loans very quickly. Small loans (a few hundred bucks) can usually be approved and available to you the same day. The hang-up at banks is the credit check process, and if you already know that you have bad credit it may be wise to skip these loans.
Now that you know what your options are, you're ready to make an educated decision on which loan is right for you!