LOS ANGELES – April 4, 2022 – (
iQuanti: Sometimes your rent, utilities, or other bills can come due before you have the money to pay them. Maybe you can usually pay your bills, but you just haven’t received your paycheck yet. Fortunately, you can get several types of loans in one day to help you out in an emergency. This way, you don’t risk late fees or other negative consequences. Here are four ready fast options that can help you pay the bills.
1. Cash advances
Cash advances are small, short-term loans that can give you extra cash until you get your paycheck. Applying for a cash advance can only take a few minutes, and many lenders allow you to complete an application online from the comfort of your home. If your application is approved, you can receive the funds the same day or within 24 hours.
You’ll usually repay a cash advance in two to four weeks on your next payday. You can also defer the loan for an additional finance charge to extend it for another two to four weeks. Just be sure to repay the loan as soon as possible to avoid paying more interest and fees.
Many cash advance lenders approve borrowers with any credit score and will consider additional factors such as your income and work history when deciding whether to approve you.
2. Securities loans
Title loans are short-term, secured loans that use your vehicle’s title as collateral. To qualify for a title loan, you must own your car. Since these loans are secured by your title, lenders generally do not require borrowers to have a good credit score to be approved.
After completing a title loan application, the lender will appraise your car and offer you a loan for 25-50% of its value. If you accept the offer, the lender will grant you the loan the same day. You can then continue to drive your car while you pay off the loan.
Installment loans give you a lump sum of money that you repay in fixed monthly installments of principal and interest. These loans can be secured with collateral or unsecured, and the repayment periods can last for a few months or a few years.
Installment lenders will often check your credit score when deciding whether or not to approve you. Fortunately, many lenders offer loans to borrowers with poor credit, so you may not need a good credit score to qualify.
4. Lines of credit
Lines of credit are flexible loans that allow you to borrow as much as you need up to a specified credit limit. You can then repay the loan as you wish, either all at once or over time. You will only pay interest on the amount you borrow.
Some lenders can get you approved for a line of credit as quickly as the same day you apply. Once you have a line of credit, you can borrow instantly when you need it. Many people use lines of credit as emergency funds or for unpredictable expenses, such as home improvement projects.
The bottom line
If you are in a difficult financial situation and need to make up for a lack of cash when bills are due, several options are available to you. Cash advances, title loans, installment loans, and lines of credit can all offer quick approvals and funding. That said, be sure to assess your financial situation and compare the pros and cons of each loan to find the right one for your needs and budget.
Notice: The information provided in this article is provided for guidance only. Consult your financial advisor about your financial situation.
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4 quick loans that can help you pay the bills