When You Need Money Fast

Short-Term Loan

Many people in these situations have turned to alternative financial service providers, including:

• Pawn shops
• Car title lenders (for a loan secured by the borrower’s car)
• Payday lenders (for unsecured loans that borrowers promise to repay out of their next paycheck or regular income payment).

While many nonbank lenders advertise quick and easy cash, their services tend to come at a steep price. Here are some tips for finding emergency cash at affordable prices.