Experiencing A Financial Emergency? Need A Cash Loan ASAP

Anyone can have a financial emergency and need a cash loan asap. Many people find themselves completely alone in these situations with family members and friends unable to help. Alternative options like payday loans and title loans are available to help get you through a financially difficult situation. Read this article to learn more about these loans to help you get through emergency situations.

Types Of Alternative Loans

Alternative lending such as title loans and loans based on your pay can fill the financial gap for many people who otherwise wouldn't qualify for a traditional loan. Standards for loans are higher than ever and most require a good credit score, length of time on a job, and little to no debt in your name. 

Neither of the alternative loans listed below takes such things into consideration when you apply. Each company has its policies but many can qualify people even if they have bad credit or no credit at all. 

You do have wealth, even if you don't realize it. Your vehicle has equity you can use and your job provides you with options that can be helpful. It pays you to look at the differences between the two types of loans to know which is best for you.

A Title Loan

A title loan is when you take out a loan using your vehicle title as collateral to secure the money. You must own your vehicle completely and outright. This means providing a clean title to use as collateral. However, you are allowed to keep your car as you repay the loan. Title loans typically can offer more money than a payday loan but how much depends on the value of your vehicle. The representative will inspect your vehicle to determine how much money you qualify for.

Payday Loans

Many who need a cash loan ASAP will look to loans based on their pay. These types of loans are easy to obtain for those who have a job, even if they haven't worked recently. Companies that offer these types of loans will need to verify your paycheck in the loan process. The amount of money you receive is based on your pay, as well as other factors. You don't need collateral with a payday loan because your job guarantees repayment.

When considering either short-term loan option, the emergency you are dealing with may make a difference. The one similarity between these loan types is that you can get your money fast. For title loans, you can be approved for up to as much as $15,000 depending on the condition of your owned and lien-free vehicle. With a payday loan, the amounts are much smaller with most lenders offering a maximum of about $500 to be paid back with your next paycheck.

Getting A Loan Based On Pay

A lender that specializes in same-day payday loans is Carolina Payday Loans, Inc. This lender offers small loans between $100 and $550 and has a simple loan request process that can get you in and out of the store within 30 minutes. Those who are approved can get their cash that day or on the next business day, depending on when the loan agreement is signed. 

Those applying for a loan with this lender will need three things. First, you will need your most recent pay stub to show proof of employment and income. Second, you will need photo identification such as a state-issued license or a picture ID issued by the government. Last, you will need a blank check from an active checking account with your name listed on it.

 

How To Get Either Loan Today

If you have considered both loans and decided on a payday loan for your emergency, applying with this Carolina loan company is easy and convenient. To get started, all you need to do is fill out the online form and a representative will call you with details.

During that call, the rep will tell you what requirements are needed to qualify and set up an appointment to complete the payday loan process. At that time, they will be happy to answer any questions. When you arrive, the rep will look over your information to see if you qualify and how much you qualify for. It's as simple as that. And it will only take a few minutes to get a loan decision.

Take Charge Of The Unexpected

It's hard to think of what to do when you need a cash loan ASAP. Getting a payday loan or title loan are two options when you need money to address an emergency. If you are considering a payday loan, it is a convenient way to pay for smaller unexpected expenses. This type of loan can be paid back the next payday, which can help to relieve the stress of making payments. To inquire, fill out the form today!

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.