There are plenty of scenarios where you might need money in a hurry. If an emergency cost pops up and you don’t have the cash to pay for it, a quick loan might seem like your saving grace. A personal loan, basically an installment loan from a bank or another financial institution, is one way to get your cash in most instances without putting up any collateral to secure it.
So, how do you get money instantly to tide over a financial disaster? Listed below are the top ways to get fast cash in Oceanside and where to get that cash.
If you need money quickly, the most obvious way is to apply for a bank loan in Oceanside. The amount of money you get from this type of loan depends on your credit and debt situation and what you’re willing to put forward to secure the loan. Compared to your collateral, the lower your loan balance is, the better. These loans are great for big projects like home renovations and to pay bills that are higher, like if you have a high medical bill or want to get a car.
Better credit, lower debt commitments, and more valuable collateral will help you secure a larger loan. Before applying for a bank loan, make sure you know your credit worthiness. If you have bad credit, getting a bank loan might not be the best option. Traditional banks will want to see that you are not a liability and will not give you a loan with poor credit.
If you are short on cash and need some extra cash fast, credit card cash advances may be an option. A cash advance is essentially a loan from your credit card. While credit card cash advances are convenient and fast, they are not without their drawbacks. While they are convenient, they come at a high cost. These loans are good for small cash payments and other things you might need cash for.
These options typically come with much higher interest rates, and the credit card company starts charging you interest immediately, rather than providing a grace period in which you are allowed to pay off the balance and avoid charges.
Paycheck loans and title loans are two ways to borrow money in Oceanside. Title loans use your car’s title as collateral, and you do not need good credit to apply. You need to have a car with a paid-off title. The loans are usually 15-to-30-day terms, and they carry triple-digit interest rates. As a result, you may have a hard time keeping up with the payments and risk losing your car. These types of loans should be a last resort as they can be predatory and risky.
If you need quick cash in Oceanside, pawn shops are an excellent choice. These businesses specialize in buying and selling items such as jewelry, electronics, and more. If you have something worth less than its market value, you can pawn it and receive the cash you need on the same day. Pawn shops are great for loans and getting small amounts of cash to pay bills quickly or to buy something with cash in a pinch.
A pawn shop will assess the value of the item you want to pawn and keep it as collateral to back the loan. You will be required to pay back the amount of the pawn loan in full to reclaim your pawned item, though the amount of time you have to repay the loan can vary.
Gems N’ Loans Oceanside is a great option for pawning or selling your jewelry for fast cash in Oceanside. Stop by our store today to get your gold or jewelry assessed for the best price in the area. Our experienced jewelers are ready to authenticate and price your pieces at the highest rates you’ll find.