Harry asked us the following question:
I’m a single father with two kids. I lost my job a couple of months ago. I had enough savings for three months, but the way things are shaping up, it may take another month before I get a job. Honestly, I didn’t expect it’d take me four months so I only have three months of contingency. Now the prospect of not having enough money to pay my bills two months from now is very real. I need to make a loan. I thought my 1-year old car is in good condition, but what kind of loan can I expect for it? – Harry, 34 years old, Norwalk, CT
Financial experts like Bank Rate recommend that you save for nine months to one year given the economic volatility of our times.
It’s good you have your car for equity, so you may be eligible for a cash advance loan even if you’re unemployed.
Let us see whether the cash advance loan is as fast and handy as they represent it. Unexpected things can happen exactly when you are mostly unprepared for them. Fast cash advance can be split into 2 different categories.
The first category is a payday advance. Another type is the title loan. You can borrow money based on the equity you have in a car. This kind of quick cash advance is good for people who are in the need for a big sum, greater than $500 to $1,500. Depending on your car general condition and market value, an online cash advance payday loans lender can decide what sum of cash can be lent to you. Again you’ll need to submit the application form where you should point out such things like income, age and insurance.
You can get it
Quick cash loan gives you an opportunity to access to your cash any moment you need it. Cash advance online is the best variant for those who want to have a certain amount of money immediately. All you need to do is only send a request, apply for an online cash advance no credit check form, and you’ll have the money on your account in up to 24 hours after you get approval and have your account confirmed.
It is fast
When any unexpected situation happens, you will likely borrow cash from your relatives or friends, and in such a way you may spoil their attitude to you. People usually don’t like borrowing. For this purpose fast cash advance loans are available 24/7. Cash advances are easier to receive than most types of loans. What makes the service be so fast? The first reason is that there are easy qualification requirements. More, the sum of the loan is small and can be taken on the Internet. You can be approved within a few minutes.
Fast cash is always secure. If you decide to take one you must have only some things like a sufficient income, a bank account, and be 18 years old. There are different situations, but usually loan providers do not require any fax documents, and even a bad credit history will not prevent you from getting cash advance. “No faxing required” means: as cash advance payday loans online cash is borrowed for a short period of time, it is not necessary to ask for any data to be faxed. Because of safety and secureness and total confidential politics fast cash advances became very popular. Whatever information you provide in in the submitted application form, it will not be used to hurt you, and this is why there is really no reason to tell false information. Be ready to get an agreement with a loan provider. Pay a special attention on the fees and interest rates.
Good luck and when you get your financial footing back, do consider building a contingency fund for a longer time.
About Martin Glover:
Martin Glover has a solid academic, journalistic and industry background in financial planning. He’s privileged to share his proficiency specifically about online loans with Americans grappling to understand the in and out of this capital stream. He holds a Masters of Arts in Economics from the Darla Moore School of Business, University of South Carolina and a Bachelor of Science in Business Administration major in Finance in the same university.