Emergency Loans

Emergency short term loans

Do you have an emergency and need cash in a hurry? A short term loan is an option available to you.

Medical bills, car repairs and cash shortfalls are all common pains. Financial emergencies can happen to anyone, and if you find yourself in a situation where you need cash to see you through, there are loan options that you can consider. Same-day short term loans are available in nearly every state, and better yet you can apply online. Read the guide below and find out what’s involved with emergency short term loans, also called payday loans, and if one is the right option for you.

Check into Cash Payday Loan

Check into Cash Loans

Check into Cash allows you to directly apply for a payday loan and have your cash when you need it.

  • Min. Loan Amount: $50
  • Loan Term: Varies by state
  • Turnaround Time: 1–2 business days
  • Total Costs: Varies depending on the amount and your state of residency.
  • Must be 18+
  • No security needed
  • Confidential and secure!

    “I have an emergency. How can I get a short term loan?”

    Depending on what you need, you can apply for a short term loan online or in-store. If you apply online, there’s often no need to fax any documents and you can receive your loan amount within a few hours straight into your bank account. If you plan to apply in-store, be sure to choose a lender that has a store network that’s convenient to where you live.

    With a short term lender that offers online loans, you have to provide details of a bank account that you’ve authorized to accept direct deposits. When you’re approved, the lender will transfer the funds directly into your bank account.

    A selection of emergency loans you can apply for online

    Rates last updated November 22nd, 2017
    Unfortunately, none of the short term loan providers currently offer loans in your state. Learn more about short term loans in your state to find an alternative.
    Name Product Product Description Maximum Loan Amount Term of Loan Turnaround Time Requirements
    LendUp Payday Loans
    LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see if available in your state.
    $250
    7–30 days
    generally receive the money the next business day
    Be 18+ years of age and have a checking account that can accept electronic transfers.
    CashNetUSA Loan
    Apply for a short-term loan with an easy online application and dedicated customer service.
    Varies by state
    Varies by state
    1 business day
    You must be a US citizen or permanent resident, be at least 18 years old and have regular income and a bank account.
    Check into Cash Payday Loan
    With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.
    $1,000
    Varies by state
    1–2 business days
    You must be at least 21 and an American citizen and have a bank account, email address and phone number.
    ACE Cash Express Payday Loans
    Quick short term, installment and title loans come with no prepayment penalty and a 72-hour satisfaction guarantee.
    Varies by state
    Varies by state
    Generally receive the money the next business day
    Must be 18+ years old, have a steady source of income and a checking or savings account. Must not be a debtor in bankruptcy.

    Compare up to 4 providers

    Check the websites of any providers you’re interested in to confirm they operate in your state of residence.

    What are the features of emergency loans?

    Short term loans can give you quick access to the money you need in an emergency situation, but it’s still sensible to compare your options before you apply. Here are some features to look for:

    • Turnaround time. If you need money to deal with an emergency, the quicker you receive your approved funds the better. Some lenders can offer same-day funding, even on weekends, while others might require that you wait two to three business days.
    • Maximum loan amount. State regulations govern the maximum amount you can borrow through a payday loan, but this does not mean that all payday lenders will offer you loans of that amount. Some payday lenders require that you work up a tiered system before you qualify for the maximum amount.
    • Fees. State regulations also govern how much a lender can charge as an Annual Percentage Rate (APR), and this translates into how much you end up paying in fees. Interest rates vary between lenders operating in the same state, as can fees and charges.
    • Store network of loan provider. Even if you apply online you may have the option of picking up your approved funds in-store. This is where the store network makes a difference because not all short term lenders have a physical presence. The number of outlets is also likely to vary.

    Find out the payday regulations in your state

    Benefits and drawbacks

    • Quick access to funds.
      Short term loan providers don’t follow the same loan approval process as mainstream banks, and this lets them process loan applications faster. If you apply in-store you can get access to approved funds within an hour, and if you apply online you can access approved funds on the same day or by the next business day.
    • Use money for any purpose.
      Lenders don’t place restrictions on how you use your approved funds, as long as you use the money for legitimate purposes.
    • Multiple choices.
      You have a large amount of lenders to choose from when it comes to emergency loans. If you don’t want to carry out a search and comparison on your own, you can consider a loan matching service.
    • No need for collateral.
      Short term loans are unsecured, so you don’t have to worry about providing any kind of collateral.
    • High interest.
      Short term loans charge high interest when compared to other types of credit, so this needs to be taken into account before you apply.
    • Short term.
      Short term loans work only as short term solutions, given that in most instances you have to repay the entire loan amount along with all applicable fees by your next payday.

    Compare loans to get you through the holiday season

    Is there anything to consider before applying?

    Make sure you won’t have problems repaying the loan even before you apply, and if you think you may face trouble, seriously reconsider taking the loan in the first place. Making late repayments can see you paying additional fees and it can also adversely affect your credit rating.

    Take some time to go through the loan’s terms and conditions carefully, as this should give you a clear indication of what you may have to pay in fees and charges.

    There is no telling when you might need money urgently, but if you’re considering applying for a short term loan, make sure you compare your options well.

    How do installment loans work?

    Have more questions about emergency loans?

    Are payday loans available in my state?

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    US Payday Loans Offers

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    Slam Dunk Loans

    Potentially get approved for a short-term loan through this lender-connection service, even with poor credit history.

    LendUp Payday Loans

    LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see if available in your state.

    Check into Cash Payday Loan

    With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.

    OppLoans Installment Loans

    Installment loans with competitive rates from a top-rated direct lender.