If you find yourself in need of 4000 dollars or more today, we can help. Get an offer for the money that you need in just a few minutes.
Getting A Loan For 4000 Dollars
Even when you have bad credit, you may have loan options. Take a look at some possible bad credit loan choices including payday loans, title loans and installment loans.
A payday loan is a short term loan, usually for a period of 10 to 14 days. As the name implies, it is designed to be paid when you next get paid. Payday loans are much maligned because they have high effective APR’s, generally higher than 400 percent. This is mainly a factor of the very short loan terms.
Because of the short loan term though, you have a problem. Most of these loans are for just a few hundred dollars and it is unlikely that you could pay back a 4000 dollar payday loan, even if you were offered one. That means that a payday loan is out in your situation.
A title loan is a secured loan because you use your vehicle title as collateral for the loan. Because the loan is secured, it is easier to get, even with bad credit. That being said, interest rates are not much better, often still in the hundreds.
A title loan is expensive, but it is definitely a candidate if you need 4000 dollars right now. There are a couple of catches however. Your vehicle has to have a higher value than the loan and if you do not pay back the loan, your lender has the right to seize your vehicle and sell it.
This is probably your best option if you need 4000 dollars now and you may be able to qualify, even with bad credit. An installment loan is designed to be paid back, over time. It might have a monthly payment or a bimonthly payment. These are terms that will be set by your lender.
An installment or personal loan can definitely get you the money that you need, but with bad credit, it will still be expensive. Fees and interest can add up quickly, so be sure to look at the total cost of the loan before you make a commitment.
Today’s 4000 Dollar Offer
Now that you can see the types of loans available, lets talk about how to get your quote and hopefully your 4000 dollars.
Get Your Offer
First, you need to get your offer by filling out the quote form at the top of the page. It should take you just a few minutes. Select how much in total you want to borrow and then some basic information about yourself. Then, enter the bank numbers for the checking account that you want to receive funds if approved.
Hit submit and the loan goes to the lending group. This is where our part ends. We are not lenders. Instead, we get you access to online lenders. This is important because, if you need 4000 dollars with bad credit, more lenders makes it easier to get an offer from one of them.
If approved, one of the lenders will make you a loan offer. You will visit their website where you can make your decision and wrap up the process. Accept the offer and you can have $4000 in your account as soon as the next banking business day.
Yes Or No
Once you have your offer, it is time to make your decision. The instinct here is to just take the money that you desperately need automatically, but that would not be a good idea. You need to look at things logically. Take a look.
First, make sure that the loan payment is manageable. Chances are that the payments are going to be high with bad credit. If the money is not there in your budget, it will not appear overnight. Can’t afford the payment, turn down the loan, it is as simple as that.
Also, try to consider whether yo have other source for money. Can you sell some property to get at least some of the $4000 that you need? Any money that you can get through other means is money that you do not have to borrow. You will pay much less on a 2000 dollar loan, for example.
After you have solved your money problem, it is time to think about the future. If you were just struggling with getting a loan with bad credit, this is something you need to look into. Let’s talk about fixing your credit.
Lucky for you, credit ratings are no real mystery and if you concentrate on just two of the factors involved, you can get good credit.
On Time Payments
Most of your credit score is based on your on time payments. Make sure that you pay your bills on time moving forward and you can start seeing some results. This is mainly for credit reporting loans and similar accounts, but it counts for other types of accounts as well.
An electric bill that you never pay will end up on your report, so they can negatively affect you. With Experian, some can also positively affect you. Use their Experian Boost program to actually boost your score.
The amount of your credit card limits that you use is called credit utilization. Ideally, you should keep it under 30 percent for a good credit rating. In other words, if you have 2000 dollars in available credit, you should be using no more than 600 dollars. If you are all charged up this can be difficult, but keep working at it. Your score will gradually improve as you get closer to the 30 percent mark.