In an emergency, time is usually a factor and if you need money, you probably need it in a hurry. We can help you get a quote for the money that you need in Pharr. Take just a couple minutes to complete the short form below and get your quick answer.
Loan Options in Pharr
You came here looking for a payday loan or cash advance but that might not be the only option available to you. Before you decide which type of loan is for you, take a minute and review your top choices for quick money.
That is what you came here for, so let’s take a look at this type of loan first.
With a payday loan, you get a cash loan which you will then pay back on your next payday. Although there is no official cap in Texas, loans are limited by the term. There is only so much that you can reasonably pay back in less than two weeks.
The great thing about this loan is that you can qualify for it very easily. A source of income, identification and a checking account are the major prerequisites. You can also get your money quickly. With a Texas online payday loan, you can get your money as soon as the very next business day. Hard to beat that.
Now, for the bad part and with bad credit loans, there is always a bad part. These loans have high APR. While most loans have fees not interest, this can still be expressed as an APR. Considering the short loan term, most of these loans will have an APR exceeding 500 percent. Pretty steep.
Another problem with the payday loan is that the term is super short. Usually two weeks or less which gives you little time in Pharr to get your finances back on track.
Probably the second most popular emergency loan in Pharr. With a title loan, you need to have a free and clear title. You then use your clear title as collateral for the loan. Pay the loan, interest and fees back on time and you keep your car. Failt to do so and the company can seize your vehicle and sell it.
On the plus side of things, if you have a clear title, you are nearly guaranteed to get a loan. This can make it quick and easy to get money in a hurry. In addition, many title loan companies in Pharr can get you the money on the very same day.
Now for the bad. You can lose your car. It is as simple as that, so be careful. In addition, the fees on these loans can make them nearly as expensive as a payday loan which can be tough to swallow for a secured loan.
Paying Back Your Loan
Before committing to your loan, you need to do one thing. You need to make sure that you can afford it.
Put together a budget and put the loan payment into it. Is there money to spare or are you going to be short? If it looks like you are going to be short, you need to either find the money or turn down the loan. Here are a few ways to find the extra money.
Make Budget Cuts
To fit that loan in, you may have to make some budget cuts. This can be easy or difficult, depending on how much money you need to free up.
Some easy ways to cut money off of your budget are taking your lunch to work, switching to cheap staples like rice and potatoes at home and ditching the cable or satellite.
Other things that you can do for a temporary reduction include deferring a car payment, calling your credit card companies and asking to make an interest only payment or contacting any creditor you have asking to skip a payment.
There are a lot of different ways to cut down a budget either long term or temporarily.
Bring In More Money
Another way to fit that cash loan payment into your budget is to get a part time income going. The great thing about doing this is that when you are done paying back your loan, you can keep the job going to create an emergency savings account. By doing that, you can make sure that something like this does not happen again.
Now, where should you look for a part time income in Pharr. Retail stores are a good bet. Retail stores like Walmart have long hours with shifts that can fit any schedule. As a side benefit, you might get a store discount which can also help your budget.
Besides retail, ask for employment opportunities at all of the places that you normally frequent. Restaurants, gas stations, whatever you can get. Even just a few hours of part time work can help you make that emergency loan payment.
This may be able to help you get your loan offer.
- Staff Summary
When you need money for an emergency, you need it now. This article can tell you how to get the money you need quickly. You can also learn how to pay for your emergency loan so that you do not get further behind in Pharr.