Do you need cash to meet your emergency needs? It’s when you start exploring all the possible options you can go with. Generally, people knock at the door of their friends’ homes as this option helps them save the interest amount they need to pay for an available loan facility. However, when your friends can’t help you, then the second-best option is to go with the same day cash facility aka fast loans. Today, you can find out about three different ways to access this facility.
1. Give a Try to Title Loans
Drastic times call for extreme measures like selling your car. However, it would be best if you act smartly. Instead of selling your car, you should borrow money against your car. Title Loans Phoenix is undoubtedly the best option for you. Find a lender nearby who can offer you a loan amount when you are ready to use your title as collateral. Here is some more information you should know about this facility.
- You can get cash within 24 hours. No more waiting periods that you often have to come across with a bank loan facility.
- You can lend a significant amount of money based on your vehicle’s market value.
- The easy application process fills out a form with all the details and submits it online or in-store.
- Lenders won’t perform a credit check, so if you are in credit rebuilding, you should not worry as this facility has zero impact on your score.
- You have 30-days to pay off title loans Phoenix.
2. Think About Getting a Payday loan
Many of you already know about payday loans as this same day loan facility is out there for quite some time. In this type of loan, you can approach a lender and ask him to lend you some amount. However, you can’t expect to borrow big money from this option. There is a limit imposed on how much a person can borrow with a payday loan. The interest rate of payday is always higher than that of title loans Phoenix. Know some crucial points of this loan facility.
- You get a payday loan only for two weeks, so you must be ready to pay it back during this period; otherwise, you will have to face serious consequences.
- You need to write a check to the lender in which you will add the amount of your loan plus interest. For example, when you borrow $500, then $30 is your interest, so when you approach a lender, then you should be ready to handover him a check of $530.
- Payday loan scams are quite common. Identify theft cases are increasing on the internet, so you must do some background check on the lender before asking for money.
3. Go with Credit Card Advances
Another way to get access to the same day loan is credit card advances. You use your credit card and, based on your limit, can get some amount. This option is super convenient, but when you want to borrow a significant amount, then it’s not an option you can consider.
- You have 30-days to pay back your advance if you don’t, then a high-interest rate will be charged.
- Credit card advanced is an unsecured loan; therefore, it is featured with high interest. If you want to borrow for only 30 days, then you should go with phoenix car title loans because it offers you better interest rates and terms while you can access cash on the same day.
Compare all three types and then go with one that seems more suitable.