As we roll into 2019, everyone is hoping to improve their situation over last year and maintain a smooth, stable lifestyle in the year ahead. One area where this hope applies is in regard to your finances. But unfortunately, financial shortfalls and turbulence are as possible in one year as in another – and that’s when it may make sense to turn to fast cash loans.
When Should I Consider Fast Cash Loans?
Fast cash loans, like all loans, are not something you do because you’re in a perfect situation. After all, if you had no cash flow hiccups whatsoever, why would you even need a loan? But a fast cash loan can sometimes make sense and come to the rescue where traditional bank loans won’t.
If you are buying a house, you go to the bank for a mortgage. Or, if you need a car loan, you may be able to qualify for a bank or credit union loan. Student loans can be had through federal and other programs. BUT, what happens when you desperately need dollars now for emergency car repairs, roof repairs, medical bills, or other “personal expenses.”
Banks aren’t going to cover “personal” expenses like that, no matter how real the need is – even when you have good credit. And if your credit is below average, the chances are even slighter. A payday loan or personal installment loan from a direct lender, however, is readily available to almost everyone – and there are not controls on how you spend the money.
What Kinds Of Quick Cash Loans Are Available?
If you can just borrow from a friend or relative, or if you have savings to draw on or a good credit card without any rolling balance already on it – you honestly may not need another loan. But many can’t get funds or sufficient funds this way and don’t really want to bother their family and friends over it if possible.
If you own your car free and clear and it’s worth a considerable amount of money, you might be able to get a title loan. But most who need cash fast aren’t in that situation – and who wants to risk his/her only means of transportation anyway? If you have enough equity in your home, you could apply for a home equity loan; but, again, who wants to risk the very roof over his/her head?
What options are left? Two, mainly: payday loans and personal loans. With payday loans, you have 2 to 4 weeks to repay in one lump sum payment. You can borrow as little as $100 or sometimes as much as $1,000. These are stop-gap loans that tide you over when you hit a very short term financial bump in the road.
With personal loans, you can borrow anywhere from $500 to over $5,000 with most lenders. And you get longer to pay, ranging from a few months to a few years. You make regular monthly installments that are designed to be affordable for someone of your income level. If you have a major expense or if you have a “longer short term” financial difficulty, personal installment loans may help you get through.
How Do I Find The Best Fast Cash Loan?
Once you decide to look into getting a fast cash loan, how do you go about locating your best offer? A hit and miss search method, or mere word of mouth, aren’t going to expose you to enough of your options. The only way to know for sure you found a top-tier loan and reliable lender is to do a thorough search like the ones we assist you with at Bonsai Finance.
Just enter your desired search criteria, and Bonsai Finance can locate your best fast cash loans in mere seconds!