If you need cash in a hurry, we can help you get a quote for the money that you need. It takes just a few minutes of your time to get an offer. Even with bad credit you may be able to get the money that you need to handle your emergency. Let’s find out now.
How To Get Money In Saginaw
There are a lot of options to get money in an emergency. Don’t let anyone tell you that a payday loan is your only choice. Even with bad credit, there is always a choice. Let’s take a few minutes and see what your loan options are.
1) Payday Loans
Yes, I said this is not your only option but it is one of them and it is something that you need to look at. A payday loan can be a great tool if used correctly but it usually is not.
The best thing about this type of loan is that it is super easy to qualify for. If you have a source of income and a checking account, you are most of the way there. The income does not even have to come from a regular job, it can be from any regular source of income.
Another great thing about this type of loan is that it will fund very quickly. Get approved today and you could have the money in your bank account as soon as the next day. Since time is often a consideration in a financial emergency, that is an important thing.
Now, for the bad. The loan terms with a payday loan are short. Not only does the short loan term make the effective APR well over 500% in most cases, it also makes the loan hard to pay back. If you are already having financial trouble in Saginaw, how can you be expected to get back on track in just 10 to 14 days. You can’t.
So, what happens if you can not pay back the loan on time? Your only solution would be to extend the loan. You can do this but you will have to pay another set of loan fees again. Do that a few times and you will pay more in fees than you actually borrowed.
Be careful with a payday loan, you can get in trouble.
2) Installment Loans
When you get a quote from this website, this is generally what you are going to be offered by a lender. An installment loan has a number of benefits over a payday loan.
The chief benefit is that the payments can be broken up into installments. This can often lower the payments enough to make them more manageable. It can possibly give you the breathing room that you need to get over your troubles in Saginaw.
Another benefit is that you can take out more money with an installment loan. Take out just what you need and if you can get by with $500, do so. With an install loan though, you have options. If you need $2000 or even $10,000, depending on your qualifications, you may be able to get it.
The drawback to an installment loan is that, like every bad credit loan, the interest and fees will be high. How high? That can vary quite a bit and the only way to tell is to get an offer. Luckily, we make it easy to do so and there is no obligation. You can get started with the form at the top.
3) Title Loans
About the only thing good about a title loan is that it is easy to get qualified for. If you have a clear car title, you are pretty much good to go.
The bad part about this type of loan is that you are risking your car. It is a secured loan so if you do not pay on time, they will come get your car. The only one who really makes out well with a title loan is the Saginaw lender. They get to charge high fees and interest and the loan is secured by a vehicle.
Title loans should really only be used if it is the last resort. Make absolutely sure that you can afford the payments and get the payments made on time. Also, be sure to save all receipts and loan documents.
Be very careful with this type of loan, do not lose your vehicle.
The Choice Is Yours
Those are your three main choices for loans in Saginaw if you have bad credit. They all have their merits and their problems.
If you need emergency cash, choose the one that makes the most sense to you. Luckily, we can get you a free quote from one of the lenders in our network. That can help you see the actual terms so that you can decide.
Also, be sure that you are using the loan for the right reason. Never take out a bad credit loan if you do not absolutely need the money. The financial cost is just too great if you plan to use the money for a non necessity.
If you need a loan, read this.
- Staff Review
This article can help you if you need a loan in a hurry in Saginaw. See what your loan options are and even get a free quote.