Looking for instant cash? Apply for an instant cash loan and see how easy it is to access cash. You can get an instant cash loan from a payday loan location within minutes. The process is super easy and really quick to complete.
If you are in an emergency there may be no other way for you to get the cash you need, unless you are in the military. If you are in the military, please read this article on military loans.
You can get an unsecured loan with no down payment. The loan amounts you can get from a cash advance lender can range from a hundred dollars up to ten thousand or more depending on the company that you choose. The monthly payments vary by the amount that you take out.
So you should only apply for an urgent cash loan in the amount that you actually need for the emergency. It is not a good idea to take out more than you need because the interest rates are extremely high. You should just be aware of the difference in your monthly or bi-weekly payments that you will be making to the company before you accept the loan offer.
Most lending companies that offer instant cash loans require payment on your very next paycheck and the amounts are pretty high for the first few months. This is because they take out money every payday so it can affect your other bills and their payments. Your first bi-weekly payment can start as high as $300 just for a $500 loan.
So can you imagine how high it would be if you took out an urgent cash loan for thousands of dollars. Your next payment is not that much smaller either, it typically is only a hundred less than your first payment. This might not be a problem if you have a decent paying job and you just need some quick cash between paychecks. However, if you are truly struggling, it can only make you go down more into a negative spiral of debt with even more struggling.
Why is my payment so high on the instant cash loan I took out?
For example, if you take out five hundred dollars to help you with your rent or utilities, you will actually be paying the lending company back fifteen hundred to eighteen hundred dollars from the interest. The amount can even go higher if you do not check the loan papers and see what their interest rate is during the application process for your quick cash loan.
This would be the exact reason why you should only take out the amount you absolutely need from the instant cash loan lender. It is the only hope that you will be able to pay them back in a timely manner. The plus side is that if you can afford the first bi-weekly payments, the amount does go down like a normal loan approximately three months into your repayment plan.
They usually go down to about $100 every pay period, that is unless you applied for a large amount of money, which sometimes you will never receive. The average person only usually gets $500 or a little over that amount in the form of an urgent cash loan.