You Don’t Need Secured Loans to Get Quick Cash
Get quick cash with no collateral
If you think secured loans are the only way to get quick cash and that you have to put your personal property in jeopardy to get a loan, have I got good news for you! You can get payday loans and installment loans online with no down payment and no collateral.
Payday lenders charge a simple, one-time fee that’s due at the time your loan is due. Plan to pay back your loan and lender’s fee when you get your next paycheck, and you’re on the road to financial stability. You don’t have to risk losing an expensive possession, and online payday loans are much more convenient than secured loans.
Secured loans versus online payday loans
Usually, taking out a secured loan means you have to go to a pawn shop and exchange something that belongs to you for quick cash. Another form of secured loan is a car title loan, which gives the lender the right to take your vehicle if you don’t pay back your loan on time.
Pawn shops usually give out loans with 90-day terms, but they charge fees every month. Payday lenders give you quick cash that you agree to pay back when you get your next paycheck — usually two to four weeks. You don’t have to have an expensive item to put up for collateral. With pawn shops, you have to be able to show up to the store during business hours to pay back your loan in person and retrieve your item.
The entire payday loan process can be completed online. You can fill out your application, have your money electronically transferred to your account and pay back your loan electronically, too.
How soon can I get a payday loan?
If you start your payday loan application now, you could have cash in your bank account in a day or so. It takes only minutes to fill out the application and find out if you are approved. Usually there are credit checks, so once your application is approved, you just need to accept the loan terms.