I Need a Personal Loan Quick But I Have Bad Credit

I need a personal loan quick, but I have bad credit--it seems like something that is being said more often with the condition of the current economy. If this is the situation you are in, what do you do? You need to get your car fixed and you do not have the money. You have a home repair that needs taken car of and you don't have the money. It can be any number of things that came up unexpectedly that causes you to need money.

If you have bad credit, getting the needed money may not be easy, but there are ways of coming up with the money. The best thing to do if you have bad credit is to try to borrow the money from a friend or a relative. But in many cases, this is not possible.

Another option is to pawn items that you have in your home. This will give you quick cash, but if you want the items back you will have to plan into your budget for the repayment of the loan. The good thing is you usually have 3-4 months to reclaim your items. As long as you have something of value, you can have the money in no time at all. Electronics and jewelry are two types of items that can bring a nice return.

If you have items around your home that you do not need, a garage sale or an eBay auction can be a great way of making extra money. The only issue with this is the time factor. If you need money in a week, this will work. If you need it in an hour, you are going to have to use another option.

The last option for a quick bad credit loan is a payday loan. A cash advance loan is an option that can have as much as $1500 in your hands in an hour or less. But before you get a payday loan, it is important that you completely understand the terms of the loan. Cash advances are unsecured, short term and do not require a credit check. Most cash advance services do have certain requirements, such as; proof of employment, checking account information and a working phone.

These loans have helped many people out of a pinch, but beware. They are not without a price. The fees can range any where from $15-$30 per $100 borrowed. It some cases, having the money may be worth the expense of paying the fees. That is something you will have to decide for yourself.

Do you need money quick, but have bad credit? Find out more about bad credit loans, free credit card debt relief and free credit repair.