If you need money and need it fast, you have come to the right place. We can help you get a quote for the money that you need in Laredo, even if you have bad credit. Take a minute to fill out the short form below and get your offer. Let’s get started.
Your Loan Quote
So, what exactly is involved in getting a quote?
The process is very easy when you use our website. Of course, you should know that we are not a Laredo direct lender and this works out to your advantage. Instead of being a lender, we give you access to an entire network of lenders. This is a huge advantage if your credit is less than perfect and you need money in a hurry.
With a single direct lender, you are crippled by the fact that you have to meet one particular set of requirements. If you do not fit the mold, the lender would deny you and that would be that. You would then have to start completely over with someone else. That is not only frustrating, it also wastes a lot of precious time.
With a loan network, you obviously have more lenders and that means more chances to get an offer, even with bad credit. Fill out one short form and your info will go from lender to lender until one is found that wants to make you an offer. It is as simple and easy as that.
If you are ready to get your loan quote, just fill out the form at the top of the page with your basic information. Information about yourself, your income and your bank. The bank information is needed so that your lender can send you the money directly to your account. This can happen as soon as the next day and because it is an electronic deposit, it should be available for immediate use.
Your Loan Options
When it comes to emergency loans in Laredo, you have several options. Take a minute and familiarize yourself with them. Knowing the pros and cons of your choices will help you make the right decision.
Cash Advances Are Common
One of the most common forms of loans in Laredo is the cash advance or payday loan.
With this type of loan, you can borrow several hundred, up to a thousand dollars and you will need to pay it back on your next payday.
On the plus side of things, these loans are easy to get. There are really only a couple of requirements. You need to have a source of income and a checking account. Beyond that, they are very forgiving of credit problems and if you have never defaulted on one, your odds of approval are good.
Now, on to the bad side of this loan. Fees, lots of fees. The lender will charge you a set fee per hundred dollars borrowed and because of the short loan term, the interest rates is often well above 500 percent.
In addition, the loan term can cause some problems. It is due in a matter of days which gives you little time to get things back in order in Laredo.
If you choose to use a payday loan, take out only what you know that you can pay back. Keep the loan amount as low as possible to cut down on fees and to make the repayment less stressful.
Installment Loans May Be An Option
You might not believe it but an installment loan is not out of line, even if you have bad credit. These loans are a bit more flexible than a payday loan and might just be a better solution in some cases.
The best thing about an installment loan is the installments themselves. The ability to break up the repayment is a nice touch and it can make your loan easier to manage.
In addition, these loans are not as tightly regulates which means that you may be able to borrow more money. If you need more than a couple hundred to get by, this can be a big help to you.
Of course, every coin has a flip side and this goes for installment loans as well. This would still be a high risk loan which means that it will come with higher than normal fees and interest. And, because the loan term is longer, you may end up paying that interest for a longer period than you would with a payday loan. This could drive the total loan cost higher than a cash advance when all is said and done.
Title Loans Are Risky
A title loan involves you placing your vehicle up for collateral. As long as you have a free and clear title, you can probably get approved for one of these loans by a Laredo Title Loan company. That doesn’t mean you should take one out though.
These loans share something with other bad credit loans, high fees and interest. They give you one thing that other types of loans above do not though and that is the chance to lose your vehicle.
Overall, you should try to avoid title loans in Laredo unless it is your only choice and you really need the money. As bad as things may be now, it would be even worse if you lost your only transportation.
This is how to get some fast money.
- Staff Summary
When you need money in a hurry, it can be tough to think clearly. This article will help you pull things together in Amarillo. Find out how to get a fast and free loan quote and see what other choices that you might have.