Which Immediate Loans Can You Qualify For?
There are a few different types of immediate loans out there and simply by knowing which type you can qualify for before you start applying is going to save you a ton of time. The last thing you want to do is waste a ton of time chasing down a loan that you don’t even have a shot at getting, so let’s take a look at the ones that are the safest and most reliable. We’ll start with a brief description of each type, and then a full break down of each. Check the next section first, then jump down to the one that you think you’ll have the best shot at qualifying for.
Immediate Cash Loans
Payday loans are always going to qualify more people than any other type of loan. This is simply because all the lenders require is that you have a job and a checking account. Some of the online lenders will require that you also get your paycheck through direct deposit but not all. There also may be minimum monthly income requirements set. If you make over a grand a month you don’t have anything to worry about with that. Payday loan lenders do not check credit, so don’t stress your score.
Title loans are another common immediate loan. These are going to only be able to help you out if your car has been completely paid off. If you have a job and a checking account along with the car you should be fine. Some lenders may check your credit, but they are mostly looking to see if you already have outstanding title loans, rather than just looking at your score.
Feel free to jump to the section that jives with the loan you want to get to learn more about how they work.
Immediate Payday Loans
Payday loans are high price, short term loans. They charge a high price due to the fact that you’re going to be paying it back on your next payday. If the lender were to charge a “normal” APR, like a bank loan, they would never make any money.
These loans are fairly small, and will vary from about $100 to $1000. We wrote a pretty in depth post about how to get a $500 payday loan a few days back, and it’s a good read if you’re trying to get a larger loan than just a few hundred bucks.
As soon as you finish your application you’ll normally hear back from the lender in about an hour and learn if you were approved or not. After your loan has been approved they begin the transfer of funds to your bank account. This will happen almost immediately, but your bank will put a hold on it until they check it out to verify. You will end up seeing (and being able to spend) the money in your account the next business day.
To pay your loan back, it works the exact opposite of getting it. The lender then sends a payment request to your bank and the funds are magically transferred out to repay them. This is normally done without you having to do a single thing except having enough money to cover the repayment.
Immediate Title Loans
It’s hard to pin down all of the details about title loans because they vary a ton from state to state. For example, title loans in Arizona have a minimum loan amount of $1500, whereas California title loans have a minimum of over $2100! I’ll try and cover as many specifics as I can to help you decide if this is a good move for you.
So you need a car that has been completely paid off. A few lenders will work with you if you don’t actually have the title, but not all. Most will hook you up even if there is another name on the title, but it will normally require that person’s signature as well.
These loans are very fast as well, but most will not allow you to complete everything online since the car will need to be inspected and appraised.
The amount that you can potentially borrow depends completely on how much your car is worth. It’s normally based on a percentage of its street value, and generally falls around 50%. This is the fastest way to get a $1500 loan or more since newer cars will easily appraise for at least twice that much.
Paying the loan back is very different from payday loans. Many times you can get up to a couple years to pay it back. Lenders are flexible here and will help you figure out a plan that you can afford. Shorter term loans (several months) will have you make biweekly payments directly to the lender, and longer terms (years) are generally monthly payments.
The risk here is that since these loans are secured and your car is collateral, not paying it back will get your car repossessed and sold. Title loan lenders take this very seriously, so don’t expect to fly under the radar after missing a payment.
If you need a large immediate loan and can qualify, title loans are the way to go.
So, Which Do You Choose?
I figure that most people don’t actually make it this far down these long posts, so I applaud you! 
In a perfect world you would be able to qualify for both of these immediate loans. To make a decision between the two it really just depends on how much money you need. Smaller amounts are perfect for payday loans, and if you are confident that you’ll be able to pay it back make perfect sense.
However, if you just can’t get by with a few hundred bucks, title loans are the obvious choice.
If you can only qualify for one, that’s going to be your only real choice, so your work has been cut out for you! Just don’t forget that these loans are expensive, and shouldn’t be treated lightly. A simple missed payment can lead to serious debt or getting your car repossessed, so don’t screw around with them!
Where Are The Fast Payout Loans?
Fast payout loans come in a few different flavors, but there are not all created equal. In this post I want to quickly go through some of them to show you really how fast they are, and some myths that you shouldn’t fall for.
To borrow money fast the most reliable and efficient way is the payday loan. The big decision here is whether you should get your loan online or at your local payday loan lender.
Online loans are extremely convenient. You can do everything from apply to get paid without ever having to leave your house. These are perfect for those that don’t live anywhere near a loan office. The lender will normally approve your application in about an hour, assuming that you’re not applying in the middle of the night. From there they begin the process of transferring the money to your bank account, which is where things tend to get held up. Banks are known for not doing things very fast, and this is no exception. Once they get the money from the lender they put a hold on it until they get to approving the transfer. This means the money will be available to you the next business day. This is definitely a fast payout loan, but not the fastest.
If you’re lucky enough to live around a payday loan lender, this will probably be the faster option. You can expect the whole thing to take between one and three hours, assuming you qualify. The lender will write you a check right there in the office, so you don’t have to worry about your bank putting a hold on the transfer. However, if you just head to your bank’s ATM and deposit it there, they might. A work around here if the bank is open is to walk inside and cash the check, then walk outside and deposit the cash into the ATM.
Another fast payout loan is the title loan, which is perfect when you have paid your car off and have its title. These are even better when you need a $1500 loan or larger since you’re able to borrow a percentage of how much your car is worth, normally up to 50%. Title loans are generally not online, but some lenders allow you to fill out the application online and have it already processed by the time you get there. Like local payday loans, these will just take a few hours. The problem is that there aren’t a lot of these lenders, so even if you qualify you may not live anywhere near an office!
There are some of marketing tactics out there that you should watch out for when it comes to fast loans. One of the most common is the promise of instant decision loans. No lender will ever just approve anyone right away without going through and verifying everything on their application. They would go out of business in weeks!
Another is how large of a loan that you can qualify for. We covered how tough it is to get a $500 payday loan the other day, and anything larger is even more difficult. If you’re looking for that much money, I recommend that you take a quick read through that post to understand what you’re really up against.
Fast payout loans are very common, it’s just that most people don’t realize what they’re getting into. I hope that this post cleared up the air a little bit for you and helps you figure out what your next move will be!
Finding Instant Decision Loans Is Tougher Than You May Think
The idea of instant decision loans is something that the industry uses to get you to choose their loan service over another. While the internet is an extremely fast place where tons of things happen in real time, finding instant loans is extremely tough to do. There is a thorough process that all lenders are going to take before making a decision on any instant loan application. So how long will it really take? In this post I will show you just that and some solid tips that will allow you to speed up the process.
Instant Loans Online
I’ll assume that since you’re currently online that you’re looking for your loan online as well. We’ll chart that path for the rest of this post rather than talking about local instant loans.
To get an instant loan online (also called payday loans) you’ll need at least a job and a checking account. Many online lenders, however, will also require that you get your paycheck through direct deposit. The direct deposit thing is mostly true for the companies that don’t require you to fax anything to them. If you don’t get your paycheck through direct deposit, don’t worry, there are lenders out there that will help you out.
So once you fill out your application you’re expecting an instant answer, right? Sorry pal, it doesn’t work that way.
As soon as the lender receives your application they begin the process of verifying everything that you put on there. Some of it will be checked manually, while other stuff will be checked electronically through a company called Teletrack. If you use a no fax lender and there is something on your application that they can’t verify, they’re going to ask you to find the paperwork that backs it up and fax it to them. Basically, to keep this process as fast as possible be as clear and honest on your application as you can possibly be.
So How Long Will It Take?
Once the lender gets your application and they’re currently open and approving applications, the entire approval process will take about an hour. Some lenders will call you, others will text message you, but most will simply send you an email to let you know whether or not you’ve been approved. This is much slower on the weekends or late at night, where you might not get your final approval until they open back up on the next business day. Most lenders do not operate 24 hours.
One important thing that you shouldn’t do is to go apply for another loan with a different company. It might seem like a good idea when you’re broke that getting multiple loans will help you out, but once you’re stuck paying them back it will be disastrous!
How Long Until You Get Paid?
Once you get your approval notice and start planning on how you’ll spend your cash, you might be surprised by how long you’ll have to wait until the money becomes available to you. Instant loan lenders have to go through your bank to make the funds show up in your account. What this means is they’ll transfer the money to you, which will then sit there until your bank gets around to approving the funds transfer, which generally happens on the next business day.
These loans are a hell of a lot faster than other types, but you’ll have to be prepared to wait for to be available to you. During this time make sure that you aren’t using your debit card for anything. If you overdraft your checking account you may inadvertently put more hold time on the loan going into your account.
How To Speed Everything Up
Now that we know that instant loans aren’t exactly “instant”, there are some things that you can do speed the process along. The first is to use a legit no fax lender and be honest on your application. Nothing will suck the wind out of you like having to still fax them stuff.
Another thing to do is not waste your time with the “loan matching services” that you commonly see online. Applying directly with a lender will save you a ton of time, and may be a lifesaver if you don’t get your paycheck through direct deposit. A list of real lenders can be found on our sister site.
My intentions of this post were not to burst your bubble or try and sway you from getting an instant loan. What I did intend to do what help you know what to expect. The last thing you want is to think that you’re going to be able to spend this money in just a few minutes and then be severely let down. There is a lot of shady advertising in the instant loan industry, and I hope that I helped clear some of it up for you.
How Large Of A Payday Loan Can You Get?
It’s well known that payday loans are fairly small when compared to something like a personal loan from a bank, but how much can you actually qualify for? In this post I want to help you understand this, and offer some resources for your specific state that may affect the amount you’re able to borrow.
Assuming that you meet the basic qualifications for a loan (a job and a bank account) the single factor that affects how much you can borrow is your monthly income before taxes. The more you make, the more you can borrow. Since there are no credit checks or multiple payments this is the single most important thing to your payday loan lender.
So what does this mean for you? It’s widely accepted that lenders will offer you 25% of your monthly income, this means that if you want a $500 payday loan you’ll need to make at least $2000 per month.
The math equation to figure out how much you can qualify for is:
(your monthly income) X .25 = how much you can qualify for
Or to figure out how much you need to make in order to meet your needs:
(how much you need) / .25 = how much you need to earn to qualify
Knowing this information can help you out a ton when deciding if payday loans are going to be large enough to help you out.
What Else Affects This?
This is where things can get a bit tricky. Your state may put a limit on how much you’re able to borrow. And if this is the case there really isn’t much you can do about it.
California, for example, will only allow you to borrow $300 at a time. There are, however, some online lenders that can offer you more, but I’m not totally sure that this is legal.
To learn about payday loan laws for specific states, this post from Debt Consolidation Care is extremely helpful, albeit a bit outdated. They have yet to update for Arizona after they made payday lending illegal.
I know that it’s really hard to get any sort of a straight answer when it comes to payday loans, but I hope that between this post and that link you will have a clearer picture of how all of this actually works.
Three Ways YOU Can Get Paid Today
If you need to get paid today there are three ways that just about anyone can do this. You can choose one way, or a combination of all of them. We’ll first talk about how to borrow the cash, then cover two ways to earn it. I recommend that you do what you can to earn money today before trying to borrow it so that you aren’t stuck trying to get a large loan. The less you borrow, the less you’ll have to pay the lender in interest, saving more money.
How To Borrow Money Today
Payday loans are one of the most common ways to borrow cash. They are fast, easy, and have very simple requirements. If you have a steady job and a checking account you will find a lender that will help you out.
These loans can be found in your neighborhood or online. If you have a lender near you that will probably be the fastest way to get paid today. They write your check right there in the office if you qualify, and the entire process will only take a couple of hours.
Online lenders transfer the money into your bank account, which will take about a business day before you can spend any of it. The thing is, these are much easier than having to drive to a loan office.
The size of the loan that you can get depends on how much money you make. We covered how to get a $500 payday loan last week, but keep in mind that lenders generally will offer you 25% of the amount that you make each month.
Remember that the less you borrow the less you owe, so the next steps will help you figure out how to earn some cash very quickly.
Sell Some Of Your Stuff Today
Rather than rattle off how to sell your stuff (it’s not rocket science), I’ll just provide you with some links that can help you sell what you have. Most of these are physical stores that you can take your stuff to. This is the best way since they will take your stuff and pay you for it right way.
Selling stuff online might seem like the most convenient way to do so, but you won’t get paid nearly as quick. Almost all online retailers will make your payment go through whatever system they have, or reach a specific threshold, before you can access it all.
For this reason, do it in your neighborhood and get paid today!
Sell Anything
- Craigslist
- Amazon (takes time to get paid this way)
- eBay (much quicker than Amazon, but requires your money to go through Paypal)
Sell Video Games
- Gamestop
- Game Crazy
- Glyde (cool online service that’s not exactly fast)
Sell Music
Sell Clothes
Sell Sporting Equipment
I’m sure that there are millions of other things that you can sell, but these are the ones that consistently pay well. Another problem is that most of these companies are based on the West Coast. That’s where Fast Cash Authority is based, and that’s what we know! If you happen to be reading this from another part of the country and there’s something that is popular over there, drop us a line in the comments and I’ll update this!
Pawn shops are another option, and work great when you have stuff left over from trying to sell at the places above. They’ll hook you up with a check or cash really quickly.
Working To Get Paid Today
There are a lot of ways to get paid today by working for it. You’re probably thinking that you’ll have to wait until payday to get your check, but there are some ways to work for cash.
My favorite way when I’m in this situation is to hit up my family members. They respect the fact that I’m not trying to borrow cash from them and are normally willing to lend me a hand. Normally I’ll end up babysitting or mowing their lawn, but it always helps.
If this isn’t an option for you, head back to Craigslist, get to your neighborhood, then find the job section called [ETC] (it’s at the bottom). Here’s where you’ll find all sorts of bizarre gigs. Just a quick browse through my area’s turns up focus groups, video game testing, paid interviews, mystery shopper, and dog walking.
Between these three ideas you’re bound to get paid today. None of them are difficult, the hard part is figuring out where to start! Just remember that if you earn money first and borrow later you’ll save a ton in interest!
Where To Find Checking Accounts For Bad Credit
When trying to find checking accounts for bad credit, it’s important to realize that it is probably not your credit score that’s preventing you from opening a new account. It’s easy to lump bad credit and your lack of a checking account together, but many times that’s not the case. I had bad credit for a very long time, and had no problem opening a new account at Wells Fargo.
So what is it then? Banks use a service from a company called Chexsystem that serves as a list of people who have had bank accounts forced close on them in the past. There are other reasons for ending up on this blacklist, but that is the most common. You won’t always be on this list, and after a few years you will simply be removed and you can bank again wherever you like.
Fortunately, there is a new type of account called second chance checking. You can get this is in a number of different ways. Some banks offer it, but it’s most common online. We’ll cover both of these so that you can know your options.
Second Chance Checking Accounts
Online, these accounts most commonly come from a company called Vision Premiere. What’s awesome about these is that as long as you’re a valid citizen of the US you’ll be qualified. It’s really that easy. They don’t care about income, employment, Chexsystems, or your credit score.
Fees with these are similar to those of the pricier standard checking accounts. Some companies will charge you a flat monthly fee, others will charge you for specific actions. I know that Vision waives many of these fees if you have direct deposit on your checking account.
So What If You Want A Bank?
That’s fine too, there are options! If you live anywhere near a Compass Bank branch your problem is solved. They offer bank accounts to people in your situation. It’s also surprisingly affordable at about eight bucks a month. If what I’m to read is true, they will automatically upgrade your account to a standard one after showing that you can responsibly manage your account.
The problem is that most people live nowhere near a Compass branch! So what can you do in this situation? One option is to look at the banks that are based in your city. There are probably more of these than you think, and they love to help out their community. This means they may be more flexible and lenient to your situation than other big banks. Otherwise, you’re stuck with the type discussed above.
Checking accounts for bad credit, or for those stuck on Chexsystem, come in a few different forms, but either one you choose is going to be a hell of a lot better than using check cashing!
Do $500 Payday Loans Even Exist?
If you’ve ever applied for a payday loan you’ve probably been surprised by the small amount that you were offered. So what happened? Why did the lender say they could offer “loans up to $1500″, but only gave you $250? Let’s examine, shall we?
Payday loan lenders are notorious for lying on advertising. They way that they cover their tails is that, sure they do offer $1500 payday loans, but in order to qualify you’ll have to make at least $6000 a month, or $72000 a year! That’s crazy, who would make that much and still need a payday loan?
So why can’t you get a $500 payday loan? It’s probably due to one of two things. Either you live in a state that has a cap on the amount the lenders can lend, like California. Or you don’t make enough each month to qualify for a loan that size.
Some states like California cap the loan amount to “protect” people from borrowing too much. The max that you can borrow here is only $250. People quickly figured out that it’s not too hard to get more than one loan, and end up in even more trouble because their paying more interest! Some states allow this, others don’t.
As for income, the loan amount you want should be at least 25% of how much you make each month at your job, before taxes are taken out. That means to qualify for a $500 payday loan, you should make at least $2000 each month at your job. Lenders vary on this, but 25% is pretty common.
So yes, $500 payday loans exist, but it’s just hard to get them. Use what you’ve learned from this post to plan your next move. It might be using your spouse’s income on your payday loan application, or even using a different type of loan.
What It Will Take For You To Get A $500 Payday Loan
There are a specific set of circumstances that will have to be there in order for you to get a $500 payday loan. It will depend on if you meet the basic requirements, where you live, and how much money you make. In this post I want to go through each of these so that you’re able to know if you’ll get a payday loan the size that you need.
While it isn’t the most responsible way to go about things, you may be able to apply for multiple loans to reach the $500 level. This usually involves working with different payday loan lenders at the same time. While it’s an extremely easy way to end up in a huge amount of debt, some states won’t let you borrow $500, so it may be the only way.
Qualifications Of A $500 Payday Loan
The basic things that you’ll need to get a payday loan are a job and a checking account. If you have both of these you will find a lender somewhere that will help you out. Many online lenders will require that you get your paycheck via direct deposit, but not all of them. If you’re getting turned down from this reason, keep on pressing.
Each lender will have specifics that they’re looking for as well. Things like the length of time you’ve been at your current job and how long your checking account has been open may affect your ability to get approved. Like I said above, if you’re turned down somewhere just move on to the next lender, someone out there will be able to help you out.
How Much Do You Have To Make?
Assuming you live in a state that doesn’t have a cap on the amount you can borrow (more on that in a bit), as long as you meet their income requirements you shouldn’t have a problem getting a $500 loan. In these states you can generally borrow up to 25% of your total monthly income. What this means is that as long as you bring in $2,000 a month before taxes are taken out you should be able to qualify with no problems.
Don’t forget that if you’re married and you guys share a checking account you can use your spouse’s income as well. This won’t always work with online loans, but local lenders rarely have an issue with this. However, if you aren’t married you can’t use someone else like a cosigner. In that case you would be better off just going to the bank and getting a loan there.
So What’s This State Business?
I’m most familiar with the payday loan regulations here in California, so I can say that you won’t be able to borrow more than $250 at any lender around. However, California is one state that doesn’t regulate your ability to take out more than one loan.
States that do prevent you from borrowing more than one loan at a time are Florida, Michigan, Illinois, Indiana, North Dakota, New Mexico, Oklahoma, South Carolina, and Virginia.
Most of these states don’t have caps on the amount that you’re able to borrow, so as long as you meet the income requirements you shouldn’t have an issue borrowing as much as you can afford.
Payday loan regulation across different states is very muddy and inconsistent, so it’s hard for me to pinpoint what happens in your state, but after applying for a loan you will quickly know.
Getting a $500 payday loan isn’t tough to do. All you need is to meet the income threshold and you will get a loan. If you live in California, or another state where they cap loan amounts, you may have to borrow multiple times. Just please be careful with this since you’re going to be on a very slippery slope into debt!
Two Easy Ways To Borrow Money Fast
Knowing what your options are is important, and when you need to borrow money fast it’s crucial. In this post I want to show you what it takes to get two different types of loans, how long they will actually take, and how much you can expect to be able to borrow. The last thing you want to do is waste time with loans that you either can’t qualify for or don’t work fast enough for your current situation.
Payday Loans
Payday loans are the most common way to get fast cash. What many people don’t realize is that local and online payday loans are two very different things. The difference in how long they take is staggering, and can seriously make or break you!
In order to qualify for either type of payday loan you’ll need at least a job and a checking account. Some online lenders will require that you get your paycheck via direct deposit.
The difference in time between the two is what sways people from one to the other. Online loans will deposit the money directly into your checking account, which they do very quickly, but your bank will put a hold on the funds transfer until they get around to approving it, which will normally mean the next business day. Local payday loans, on the other hand, will write you a check in their office before you leave. So online loans will take at least a business day, local ones will take a couple hours.
How much will you be able to borrow? That depends completely on where you live and how much you earn at your job. Some states, like California, have a cap on the amount you’re able to borrow. As for income, lenders in uncapped states will allow you to borrow up to 25% of your total monthly gross income. So if you need to borrow $500, you would need to make at least $2,000 a month before taxes.
Title Loans
Title loans are an often overlooked way to borrow money fast. You’ll need to have your car completely paid off, a job, and a bank account to qualify for these. Since these loans use your car as collateral, the risk is failing to pay it back leads to your car being repossessed, so tread lightly!
These loans are smokin’ fast! The entire process of applying, getting your car appraised, and cut a check will only take a couple of hours.
Compared to payday loans, the amount you’re able to borrow is staggering. Most states allow you to borrow up to 50% of the amount your car is appraised for. It’s not uncommon for a basic car in decent condition to appraise for $3000 or $4000, so you can potentially borrow a couple grand in a matter of hours.
Another benefit that comes with these loans is that you will have several months to pay them back. They aren’t cheap, but being able to spread their repayment out makes paying it back much easier.
When you need to borrow money fast, it’s easy to jump on the first offer that you see. This can lead to huge problems and time waiting for it to show up in your bank account. The two different types of loans discussed here will help you get the cash you need as fast as you need it since you will know what to expect.
How To Get A $1500 Bank Loan
Borrowing money from your bank is always going to be the cheapest way. Getting a $1500 bank loan does take a bit of preparation before applying, so in this post I want to help you understand what it’s going to take to get approved for a loan of this size from your local bank or credit union.
In order to get a $1500 loan from your bank you’ll need to at least have decent credit. A perfect credit score definitely isn’t necessary, but if you have a poor score, this might be out of reach. Some banks will allow you to get secured loans of this size, meaning collateral is needed, for people with less than good credit.
The other basic requirements that banks look at is your income, how long you’ve been at your job, how long you’ve lived in your current residence, and they may check some references.
One problem you may run into is that these loans are not fast. If you’re pressed for time and need fast cash, you may want to look elsewhere. Banks take their sweet ass time combing through your credit report and application, so expect that a loan like this will take at least a couple of business days. It may get approved faster, but don’t expect it to!
$1500 bank loans are easy to get if you have the credit score to back it up and the time to wait for them to approve it. The low interest rates and flexible repayment options will make it worth every second that you have to wait for the loan to be available to you!
Three Different Flavors Of $1500 Loans
$1500 loans come in a lot of different varieties, but there are three that are pretty much tried and true. In this post I want to cover these three so that you have a good idea of what you’re getting into when searching out a $1500 loan. There are other ways to get a loan than what’s in this post, but between these three there is bound to be something that can help you out.
Title loans are the perfect choice if you have a car that is paid off. These are large loans that use the value of your car to determine how much you’re able to borrow. In many states, the lender will offer you up to 50% of the street value of your car, so all you need to borrow $1500 is a ride worth $3000. You’ll be making payments to the lender over several months, usually biweekly. The biggest risk that’s associated with these loans is that if you don’t pay it back your car is repossessed, so tread lightly.
Personal loans from the bank are another option, but they are definitely not as fast as the other types of loans here. Also, the other types of loans will work well for people with bad credit. Bank or credit union loans require that you have at least a decent credit score to qualify, so if you have that you stand to get a loan with an awesome interest rate and flexible payment plans. You can get these by either heading to your local branch or by logging in to your online banking and applying right there.
Installment loans are another type of bad credit personal loan. These are similar to bank loans, but provide fast cash with a higher interest rate. You don’t need good credit for these, and many lenders will offer as much as $1500 without a credit check. Think Cash is the first lender that comes to mind for loans like these, and they are licensed to operate in most states.
Needing a loan as large as $1500 poses lots of hurdles in your way, but with the three different options here, you’re bound to find something that’s going to help you out.
Is It Possible To Get A $1500 Payday Loan?
Getting a $1500 payday loan is a bit of a stretch, but it’s certainly not impossible. Getting fast cash in large amount can be done in a number of ways, so in this post I want to show you how a $1500 payday loan would work, and some alternatives if you aren’t able to qualify for one.
Across the board, most payday loan lenders will allow you to borrow as much as 25% of your monthly gross income. So in order to qualify for a $1500 loan you’re going to need to make at least $6000 a month, or $72000 a year. That’s quite a bit of income, and if you make that much you shouldn’t have any problems getting the loan that you need!
So what do you do if you don’t make that much money? You can either waste your time applying for payday loans that are smaller than you need, or you can check out some other types of loans.
Title loans are a legit option if you have a car that has been paid in full. To qualify your car will have to appraise for at least $3000 since lenders tend to lend as high as 50% of your car’s value.
Installment loans are another option, and lenders like Think Cash will usually not check your credit up to the $1500 threshold.
So $1500 payday loans certainly aren’t impossible to get, but you need a significant monthly income to qualify for them. If you aren’t able to qualify be sure to check out other loan options instead of trying to get three or four payday loans to cover what you need!
How To Borrow Money Online
With all of the different types of loans that we cover here on Fast Cash Authority, sometimes it’s important to take it back to the basics of how to borrow money online. In this post I want to go through a couple different styles of loans and how to borrow from them online, as well as offer some tips that will help you stay out of trouble with them.
Payday Loan/Cash Advance
When it comes to fast cash there aren’t many better ways to get it than with a payday loan. These are small loans that you pay back on your next payday.
So how do you get them online? The most important thing that you can do is to only borrow from a lender. This might sound obvious, but for every legit lender online there are at least a hundred sites that sell your application to the highest bidder. What happens when your loan is shopped out is that you won’t be able to research the lender beforehand, and there’s a good chance you’ll end up getting a loan with a shady company.
Finding a legit payday loan lender isn’t that tough to do. You want a company that is licensed to lend in your state, so start by looking around for companies that show interest rates for specific states, yours included. Only a real lender will have interest rates on their website, and if they have your state it’s likely they’re legal to lend to you. To be 100% sure find their phone number and give them a call. No phone number? Move on.
Or you can just check out a list of lenders on our sister site.
After applying you will get an email confirming your application, and in an hour or so you’ll get another saying whether your application was approved or not. Assuming you were approved, the lender will begin the transfer of funds to your bank account. Your bank will post the money to your account and then it’s all yours to spend!
Title Loans
You’ll never be able to get a title loan completely online. No matter what, your car will still have to be inspected and approved. However, with many lenders you’ll be able to begin the application online, which will then be reviewed before you get to the loan office. This speeds up the process a huge amount. While you’re not exactly able to borrow money online, this is a very easy way to get the ball rolling.
Bank Loans
If you want to get a loan from your bank it’s extremely easy, assuming you can qualify. Head to your bank’s website, log in to your online account, and find the section that allows you to borrow money online. You’ll apply just like you would if you were to walk into the bank. They may call you to verify that you’re the one that applied for security reasons, but it’s actually pretty simple.
It’s important to know that these loans are not fast. Banks take their sweet ass time when it comes to processing credit scores and getting your application approved. If you’re pressed for time, this is probably not the best option!
Borrowing money online is easy, almost too easy. It’s easy to be taken advantage of when doing this, so the most important thing that you can do is to trust your gut. If something seems fishy, pass on it. Don’t be scared to ask questions, and calling a lender is one of the easiest ways to judge whether or not they’re going to be able to help you out!
Two Ways To Get A $1500 Loan With Bad Credit
Getting a $1500 loan with bad credit might seem like an impossible feat, but there are two different types of loans that are out there that will gladly lend you that much cash, no matter what your credit score is like.
Installment loans can be classified as any type of loan that is repaid over several payments, but there are also a group of lenders out there that offer loans like these for people in your situation. Off the top of my head Think Cash is the most popular, but there are some others out there. In most cases, the cut off for a credit check is $1500, so you may be able to get approved quickly without having to wait for them to even process your credit report. Installment loans aren’t cheap, but no bad credit loan is going to be.
If you need $1500 fast, title loans are the choice if your car has been paid off. These fast cash loans use your car as collateral and allow you to borrow a percentage of its value. Here in California, and in many other states, lenders will go as high as 50% of your car’s value, so your ride would only have to appraise at $3000 for you to get your loan. Title loan lenders may check your credit, but it’s not to judge your ability to pay the loan back, it’s likely to see if you have any outstanding title loans.
Having bad credit shouldn’t prevent you from getting a $1500 loan. Between these two options you should be able to get however much you need. Just remember that bad credit loans aren’t an excuse to not repair your credit. Feel free to check out our debt help section to learn more about reducing debt and improving your credit score.
What It Takes To Get A $1500 Loan
When you’re in need of a $1500 loan you have a surprisingly large number of options. However, only a few of them are going to be consistent, so these are the ones that you should concentrate your efforts on. In this post I want to cover personal loans from the bank, title loans, and installment loans so that you can figure out which one is the right choice for your situation.
$1500 Personal Loans
The key to getting a loan from the bank is a decent credit score. If you have bad credit there are still some good options, but this isn’t one of them!
Bank loans are notoriously slow, but they do provide extremely flexible payment plans and low interest. Before you go out and apply, be sure to check your credit report to avoid wasting your time. Check for errors on your report, which are much more common than you would like to think and clear them up before filling out any applications.
Recent legislation has made it a little more difficult to get a bank loan than it was in the past, but that doesn’t mean it’s impossible. If you’re turned down at your bank try a local credit union or small local bank. These other lending institutions tend to be a bit more flexible (and sometimes cheaper) than the big banks.
$1500 Title Loans
Title loans are another solid option, assuming you’re able to qualify. To get a loan like this you’ll need to own a car that is completely paid off. Some lenders are flexible as to whether or not you actually have the title, but the car does have to be paid in full.
These loans are secured, which means that your car becomes collateral. You’re able to borrow a percentage of your ride’s street value, usually up to 50%, so you stand to borrow a substantial amount of cash. If your car can be appraised for at least $3000, you have a good shot at getting a $1500 title loan.
A title loan is probably the best choice if you’re looking for fast cash. They will approve your loan in a couple hours and bad credit doesn’t disqualify you.
Repaying these loans usually happens in biweekly payments on your payday for several months. Some lenders are more flexible and will accept a single monthly payment.
The biggest risk involved with these loans is that if you don’t pay it back they will repossess your car and sell it. In some states they aren’t required to pay you the difference, so you’ll lose your car and any extra it was sold for! Take these loans extremely seriously since the risk is so high.
$1500 Installment Loans
Installment loans aren’t as common as these other types, but they are effective nonetheless. These are essentially large payday loans that are paid back over several weeks or months.
Every type of loan that is paid back over several payments would be considered an “installment loan”, but for our sake we’ll just consider it large, fast loans. Most lenders will go as high as $1500 before they need to check credit or require collateral. They will normally set up a recurring payment plan that has your bank account automatically transfer the loan payment biweekly or monthly.
What About Payday Loans?
Most payday loan lenders will claim that they will lend as much as $1500, but you have to make a ton each month at your job to qualify for a loan that large. A lender will generally allow you to borrow as much as 25% of your total monthly income, so in order to qualify for $1500 your monthly income would have to be at least $6000, or around $72,000 a year. If you make that much, this is an option, but if you don’t you’ll need to look elsewhere.
Getting a $1500 loan comes in a lot of flavors, so take the info here to determine what your next move is going to be. If you have good credit, get in your car and drive to your bank or credit union and your problem is solved. For those with bad credit, you have alternative choices that will get you the cash that you need.
Bad Credit Loan for Your Business—Help Your Business Get Back on Track
With the world experiencing economic instability and crisis, a lot of businesses have been rejected for working capital loans. Most banks are very unwilling to approve loans and it can be almost impossible to get a loan if your business has bad credit. The good news in this situation is that there are many different loans for people with bad credit. For businessmen who need to make a loan for small businesses, a problem exists because most lenders are only willing to give out loans to those who accept credit cards.
Small businesses often do not accept credit cards. Such kind of businesses have been the most affected with this economic and financial crisis because of the tendency of most banks to hold on to their substantial cash funds, waiting for the economy to get better. When it comes to non-bank business lenders, these lenders often offer loans only to those businesses that accept credit cards.
Small businesses are often tagged by conventional banks and financing companies as bad credit even with a stable business base and a steady flow of cash. More often than not, business loans are rejected because the business owner has a history of bad credit and has a poor credit rating even if the fundamentals of the business are in good condition.
Luckily, small businesses now stand a chance at getting a loan even if the owner has bad credit. There are non-bank lenders in the marketplace who are willing to give out loans for small businesses a.k.a. “cash businesses”. Even if the business owner has a low credit score, these lenders will offer a loan as long as the business has a good track record. Such loans cost 40 to 50% less than a cash advance and there are no upfront fees involved.
Even internet companies, manufacturers, restaurants, and other business establishments that have been blacklisted by lenders in the past stand a chance of getting a loan. This new option offers small businesses a better chance at surviving in today’s economy even with bad credit. Just remember that there are no such thing as guaranteed bad credit loans, so do your homework ahead of time and do everything you can to pre-qualify your small business.
How To Reduce The Price Of Payday Loans
Hopefully it comes as no surprise that payday loans are incredibly expensive, but do you know the steps to take to bring their price down? Low interest payday loans really aren’t that hard to find, and not taking the steps to find them is *sorry for being blunt* stupid. In this post I want to show you how to get a check advance that is affordable enough that you shouldn’t have much problems getting it paid back.
Cheap Online Payday Loans
Finding cheap loans online is much tougher to do than doing so locally, but the savings seem to be much more significant. The first step that you have to take is to find the companies that do the lending, not a “loan matcher”. Doing this allows you to see the rates that you’re going to pay before you apply. Going with a matching service is a complete crap shoot. You might end up with a legit company with fair rates, but odds are you won’t!
Real payday loan lenders are the only way to go. The easiest way to spot them is if they have interest rates for each state that they are licensed to lend in on their website. You can take that route, or just check out this list of lenders
Once you know who is licensed to lend in your state you can begin to compare rates. Choosing the cheapest one is easy from here.
But wait, I thought you said that bigger savings are online? That’s where the bonus step comes into play! Payday Max always has a special that offers 50% off of the interest of your first loan through them. A discount that large is a smokin’ deal, but keep in mind that they are not a no faxing payday loan lender, so you’ll have to track down a machine to send off your paperwork.
Cheap Payday Loans Locally
Finding your loan cheap in your neighborhood happens almost the same way that it does online, but it’s much easier. You know that every lender that’s in your city is legit and licensed to operate there, so you’re able to completely skip that step.
What you’re going to do is go to yellowpages.com and search ‘payday loans’ in your city. From there you will be able to see everyone that serves your area and start calling them up. The things you’ll want to know is what their current rates are, if they’re running any specials, and what paperwork they require you to bring. Making sure that you bring everything with you the first time will save you a ton of time driving around picking up stuff you forgot.
Like I said above, not saving money on your payday loan is simply stupid. You’re going to waste money and increase the risk of not being able to afford paying it back. Use these steps to make sure that you don’t end up in that situation!
How Do Online Title Loans Work?
By their name, you would assume that online car title loans would work the same as an online payday loan would. Unfortunately this isn’t the truth. Payday loans work from front to back online, assuming you’re using a no fax one. You apply, get approved, and then get paid without ever having to leave your house.
Title loans don’t work this way, but it’s still a huge time saver. They work by allowing you to apply for your loan before you leave your house. This leads to you knowing whether or not you’ll qualify before you go to the loan office. You’ll still have to drive to the loan office to have your car inspected and appraised, but at least you’re not having to fill out any paperwork or wait for it to be approved.
Obviously, this isn’t as convenient as it could be, but the lender will never give out any money without seeing the title to the car and appraising it. It would simply be too easy to take advantage of the lender if they were to skip this process!
How Annuities Work: Withdrawal Rules, Annuity Loans and Terms
Are you wondering how do annuities work? Before discussing how it works, let us first know what an annuity is. An annuity is a contract between an investor and a life insurance company. In this contract it requires the investor to pay the insurance company a number of structured payments and in return, the company have to pay it back to the investor plus the interest after the account holder reaches the age 59 ½. The payments of the company can be structured wherein monthly payments are given or it can be in terms of lump sums.
To answer the question how do annuities work, one must know what the rules that surround annuities are. Usually earnings are withdrawn first before the principal. There is a minimum age before the account holder can withdraw from his annuity. If the account holder decides to withdraw his annuity before he reaches 59 ½, the account holder is required to pay excise tax, insurance companies fees and other bills. However, there are exemptions to this rule such as withdrawal of annuity as part of divorce settlement and others. There is also a minimum period required for an annuity. Usually it is for seven years. If you withdraw the annuity before you reach the age 59 ½ or before the term is due, you are also required to pay for fees.
To prevent cashing out or withdrawal of your annuity policy, insurance companies allow account holders to borrow money against his annuity policy. These are called annuity loans. The requirements for an account holder to apply for annuity loans may vary from one company to the other. However, insurance companies would only allow atleast $1,000 or half of the total value of the account, or $50,000 utmost.
Having known how annuities work you are now ready to evaluate all your retirement funding options and find the best one that would suite you. Choosing your financial savings plan is essential to ensure a worry-free retirement life. By having these accounts you will also be able to solve financial problems that may arise in the future.
Three Most Common Types Of Fast Cash Loans
When it comes to fast cash loans there are a lot of different types out there, but only three of them are going to reliable get you the cash that you need. In this post I want to cover these three so that you’re able to make a decision on which is going to help you out the best. One of the worst things that you can do in a situation like this is to waste your time applying for loans that you don’t have a shot at qualifying for, so use the info here to help guide your next decision.
Fast personal loans can be applied for at the bank. Compared to the other two types of loans that we’ll talk about here these are going to be the slowest, but if you’re only applying for a small amount of cash it shouldn’t take too long. Loans from a bank or credit union are going to require that you at least have a decent credit score. If you don’t have good credit, don’t worry, the other two loans we’ll cover here won’t check your credit. Applying for cash loans today at your bank will probably get you paid in a business day or two, so if you have the credit score and the time, this is the route to take.
A no credit check payday advance is probably the most reliable choice. Anyone who has a job and a checking account will be able to borrow money somewhere, no matter what their credit situation is like. These are as close to guaranteed bad credit loans you’re ever going to find since their requirements are so simple. A check advance is smaller than most loans, and the lender is likely to let you borrow up to 25% of your total monthly income, which will then be repaid on your next payday. The key to staying out of debt with these loans is to do everything that you can to repay the loan on time and never request an extension or borrow again right away.
Title loans are another type of fast cash loan that is available to people who own a car that has been completely paid off. Your car becomes collateral in the loan, which will then allow you to borrow a percentage if its value. With the invention of the online car title loan you are now able to complete your application online to speed the process up. Having the application completed before going to the loan office takes hours of paperwork out of the equations and gets you paid much quicker.
Bank, payday, and title loans are the three most reliable and efficient ways to get fast cash. Using any of these three is much safer than many of the alternative loans out there.
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My name is Lydia and I'm and expert at getting fast cash. I've been through it all, and now I want to share my experience with you