The easy way to borrow money fast is definitely not at banks, even if you have been doing all your banking at the same one. Whether you have bad credit or need an installment loan fast, these are the alternative ways to borrow money fast.
Easy approval no credit check loans can be a great help when they need some cash until your next paycheck arrives, probably in a week or two. They are useful for short term financial needs but can kill if you take a big loan for many months. There are several ways you can borrow money quickly with no credit check, so read on to decide which type is more suitable for your situation.
Direct Lenders for $1500 Installment Loans
These lenders give instant cash loans with no credit checks and no questions asked on why you need the money – just pay them back on time when its your turn! In fact, many people get a cash advance for all sorts of reasons, such as fixing their homes, some unexpected medical bills, paying the rent, buying a gift etc. In short, you have to justify yourself why you need an installment loan today since the costs are quite high. If you can wait until your paycheck, you can save some cash.
Ways to Borrow $1500 Quickly
The best way to get an interest free loan is from friends and family. I never ask for interest fees when friends asked me for financial help. However, you can write a personal promissory note which is a legal agreement to pay back the borrowed money. Your family members will not do a credit check before lending you money although they may already know your financial situation pretty well. That said, do not drag on the payment or you may not be able to get another family loan again.
If you have a credit card, do you know of its credit line cash advance facility? You are allow to withdraw a percentage of your credit limit directly from the ATM, but do note that there is no grace period for such balance compared to charging your spending to the card. It is a very convenient way to borrow money for 30 days, but maybe too convenient according to what people with a lot of debts claim.
If you possess any items of good value, you can use it as collateral for a pawnshop loan. For example, gold or silver jewelry, expensive watches etc will easily qualify for a pawnbroker loan. There is no credit check required and you can borrow up to 50% of your collateral’s value.
Payday stores provide instant unsecured loans as long as you have a stable income. You will pledge your next paycheck as payment, so such loans are generally meant to be paid within 30 days although extensions are possible. However, your local state laws on personal loans may limit the maximum amount that can be legally lent.
Consider joining credit unions based on your employment, locality, or religion etc. Unlike banks or S&Ls, credit unions are less profit oriented, so you can still get unsecured loans with ok credit. The main requirement is to show that you can pay the monthly installments and your credit score is not as important.
If you are borrow money to purchase some goods, try asking the store if they can extend some credit to you. Some merchants are willing to do so in order to make sales, and the credit terms may be more attractive compared to taking personal loan. After all, there is no harm asking for store credit.
$1500 Installment Loans With No Credit Check
Even when you get offers for easy no credit check loans, it does not mean you can go ahead and borrow money recklessly. A long term installment loan for bad credit comes with high costs and you may end up losing on the deal. As you see above, you can get easy cash loans from many places for any purpose. Do avoid taking loans on a whim for non-essential purchases, as these will only benefit you in real financial problems. Make sure you have money to pay back every monthly installment, such as working overtime to earn some extra cash.
