3 Fast Cash Loan Options

Posted on: 21 April 2015

There are many different reasons why you might need a loan. If you need a loan to start a business, buy a home or buy a car then you have small business loans, mortgage loans and car loans at your disposal. However, there are moments when you don't need a loan for any large purchase, but you do need a loan fast, and conventional bank loans just won't do due to the processing time that it takes from the time you apply for your loan to when the cash arrives in your hand. Luckily, there are a number of different fast cash loans from places like EZ Check Advance out there that can get you the money you need in anywhere from minutes to a few days. You have a number of options when you need a loan fast.

Pawn shop Loans

Pawnshop loans are a great idea for people who have valuable things that they don't longer need or that they won't miss for long periods of time. When you get a loan from a pawnshop, they give you cash in exchange for an item. Most pawnshops will take any item of value, which includes things like CDs and DVDs.

The pawnshop will give you cash, and then you will have to sign a document agreeing to pay the pawnshop back in full by a certain time. If you don't pay back the shop by the time agreed, they pawn shop will put your item up for sale. Some people will pawn items that they no longer want, and just never pay the loan back. This is fine, as long as you are prepared to lose whatever you gave to the pawnshop!

Tax Refund Loans

If you are working full-time and expecting a refund during tax season, you might want to consider taking out a tax refund loan. These loans become available in January, and are based on the amount of money that you anticipate getting back when you file your taxes. These loans arrive quickly, and can be applied for before you even file your taxes. Keep in mind that you do have to pay them back in full, and you might even have to send your tax refund directly to the lender to ensure that it gets paid.

Overdraft Loans

You might not think as overdraft protection as a loan, but it is just that. If your bank offers overdraft protection, then you can draw money from your account even when your account holds a balance of zero. That means that in a dire situation, you have the opportunity to charge something to your account when you don't have the money and the bank will pay for it as if you did have money in your account.

Unfortunately, overdraft protection comes with fees. Every time the bank pays for something that you charged to your account when it had a zero balance, you will be faced with a fee. This type of loan is best used in do or die situations, as well as in situations where you know you will be able to re-pay the bank, along with the fee, quickly. It is important that you do not abuse overdraft protection, as the fees charged by the bank can quickly add up.

Before you take out any type of fast cash loan, do your research in order to ensure that you are getting the best interest rate, as well as getting the type of loan that is best for your situation. Regardless of why you need cash, you have a ton of different quick loan options to help you get the money you need right away.


Make Your Financial Dreams Come True by Budgeting

Ever since I was a small child, I’ve been a saver. When I bought my first car at the age of 16, I had a couple thousand dollars to use for a down payment. This money accumulated over the years from birthday gifts, Christmas presents, and awards for earning good grades. As an adult, I live a debt free lifestyle. Budgeting and saving money allowed me to reach this financial pinnacle at an early age. My husband and I always know what our available income is. And, we never spend more than we make. On this blog, you will learn about the benefits of budgeting. Budget now so you won’t have to pay later!