When You Need Money- Fast Short-Term Loan

When You Need Money Fast

Short-Term Loan

It is two weeks until payday, your credit cards are maxed out, and your car breaks down. You only need a few hundred dollars for the repair, but you need it now. Where can you get the money?

 

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.