Everything You Need to Know About Quick Cash Loans

Everything You Need to Know About Quick Cash Loans

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At some point in your life you will likely be faced with a situation that will require you to have extra cash on hand. Whether it’s for car repairs, medical bills, veterinarian bills or other issues, it’s not always realistic to think that you’ll have that cash on hand when you need it. For times when you don’t have the cash ready, there are options for quick cash loans that are easy and affordable. Here are some options for how to get a quick cash loan in Oceanside that you can choose from when you need cash in a hurry.

Credit Card

Aside from being the most typical mode of payment, a credit card can also be used to take quick loans from credit card companies and banks. The good thing about this form of quick cash loan is that anyone can apply for it and they’ll likely get approved as long as they qualify. Most paperwork will take only a few minutes, and you should know whether you’ve been approved instantly.

Since this is an unsecured loan, you don’t have to put up any collateral which can make it a great option if you don’t have anything to put up to get the loan. However, if you have a bad credit score this might not be the best option for you. Getting a credit card will also add a hard check to your credit report, which could affect your score for up to two years. It’s a good idea to not apply for a credit card if you’re going to need your credit to qualify for a bigger loan in the near future, like an auto loan or a mortgage.

Bank loan

Another great way to get a quick cash loan in Oceanside is to apply for a bank loan. Usually, this type of loan will require you to pledge one or two types of collateral, depending on the loan figure. Their repayment plans are decent, and you can apply to pay back in six months, a year, or two years. The interest rate will keep rising as the repayment date stretches.

Paycheck cash advances

Paycheck cash advances are loans that are issued in the amount of an upcoming paycheck, but with an added interest rate. These loans can be quite predatory as they rely on people continuously taking them out, so it’s not recommended to get a paycheck advance unless you really need the cash.

Pawn shop

Pawn shops in Oceanside can also give you quick loans if you have pre-owned items that complement the amount you are hoping to borrow. This is one of the fastest ways that you can get a quick cash loan in Oceanside. The item that you pawn is used as collateral, meaning that you don’t have to take out an additional loan to pay back your loan if you don’t have the cash. Plus, they don’t report to credit bureaus so the loan won’t affect your credit score.