Find yourself needing 600 dollars right away? If so, we may be able to help you even if you have bad credit. Take a few minutes and get a free zero obligation loan quote online. Your answer might just be minutes away.
Need Money? Check Your Options!
Even if you have bad credit, you may have multiple options in a time of emergency. Now, it is $600 that you need, so let’s take a look at several different ways that you can get the money that you need and get it fast.
Loans Are Simple
Well, not exactly simple but easy to get. A loan requires very little effort and could give you that warm and fuzzy feeling knowing that you have money coming your way.
The type of the loan that you get will depend on several factors including your credit and the actual amount of money that you need. Here are some possible choices.
The installment loan is a great choice and you may be able to qualify for one, even if you have less than perfect credit.
The benefit to this type of loan is that you will have longer to pay it back. It would be much easier to pay back the $600 plus loan costs in multiple chunks instead of one lump sum. It would be less of a stress on your budget and could help you get back on track sooner.
The con with an installment loan is that you would be paying interest on the loan for a longer period. If you have bad credit, the interest rate would probably not be cheap and it can add up quite a bit in just a short time.
With a payday loan, you can get the money that you need, even with bad credit. A lender would make you a loan and you would pay it back, plus fees, on your next payday.
The good thing here is that you can qualify for this type of loan easily, even with bad credit. It is one of the simplest loans to get and if you have a source of income and a checking account, you are well on your way.
The bad thing ab0ut this loan type is that the fees an be high when you look at how long the loan is. In addition, payday loans are not available in all stated, so they might not even be an option.
Probably a loan type that you should be very careful about, but we will discuss it anyway, because it is a way for you to get 600 dollars ore more if you need it.
With a title loan, you put your free and clean title up as collateral. You then get a loan and pay it back plus interest and/or fees. If you default on a loan, the lender could take your vehicle.
The benefit of this loan is that it is an easy way to get $600 or much more, even if you have bad credit. All that you really need is a clear title on a vehicle with value.
The negative, as I just mentioned, is that you can lose your car or truck. Defaulting on a title loan is not joke, because the lender can seize your vehicle to get their money back.
One final form of bad credit loan is the pawn loan.
A pawn loan is similar to a title loan, except that you place an item of value up as collateral. Unlike a title loan, the pawn shop will actually hold onto this item until you pay the money back.
This is also an easy loan to qualify for because it is a secured loan. As long as the pawn shop sees value in your item, you will probably get approved.
The bad with a pawn loan is that you can only borrow a portion of the value of your item. That means that if you need to borrow $600, you will have to place a very valuable item up for collateral. In addition, the cost of the loan can be high. Pawn shops charge interest, contract fees and even storage fees.
It Doesn’t Stop At Loans
Loans are an easy way to get $600, but they are not the only option. You may have other sources to get the money that you need or perhaps get the money that you need to pay for an emergency loan.
This is the easiest way to get money when you need it, that does not involve a loan. Simply sell something of value. Of course, to get 600 dollars, you may have to sell multiple items. That might take a bit of hustling, but you have a number of outlets to help you do it.
For local sales, it is hard to beat Facebook Marketplace. Craigslist used to be the place to go, but if you are tired of the scammers, Facebook is a bit better. The scammers are still around, just not as many of them, so you still need to be careful.
If you have electronics to sell, eBay and Gazelle are good choices. If you have the time to go through the auction process eBay is the best choice to get top dollar. Otherwise, Gazelle will pay you cash fairly fast for your used cell phones, tablets, etc.
Not the same thing as a payday loan. If you need $600 and you work for a small company, you may be able to get an advance on your paycheck.
As you probably know, your paycheck is given to you a week or two after you have earned money. This means that you probably have hundreds of dollars in earned pay that you could be able to tap into. It is no risk to your employer it just means a bit of paperwork.
Many smart employers offer this service to keep their employees happy and to help them stay away from much costlier payday loans. It never hurts to ask.
You might be unaware, but many creditors will actually let you skip a payment. They know that it is better to hel you stay current than to let you fall behind and default.
If you need to clear $600 in your budget, call a few creditors and see if you can skip a payment or even pay just an interest only one. Auto loan providers are particularly agreeable to deferring a payment.
Ask A Buddy
Last but not least, why not ask a buddy for the money that you require. If you need 600 dollars now, it is a great way to get it without fees or interest.
If you decide to go this route, be sure to treat the loan seriously. Pay it back just as soon as you can in order to maintain your friendship.