So something serious happened and you desperately need a 1500 dollar personal loan to resolve it. But you have no money and you are unable to find any friend who can help financially. When that is the case, where can I borrow the money from? Do you believe you can find legitimate lenders at fair rates?
Have you tried looking for quick and easy loans only to be stumped by your credit score? Some services and products are not available when you do not have a proven record of being responsible for bills and payments. Big lenders often choose to play it safe and avoid situations where they have to bring in collection agencies to get back owed monies from consumers. It’s ironic that you are denied an emergency loan just when you need one most. That is why we have to take our own liabilities seriously and keep a watch on our credit file. It is true you can still get a small payday loan when you have bad credit under 600, but I doubt you will like the fees involved. Similarly, if you have no job or income, you should not be looking for installment loan offers. Both private lenders and banks look at your employment and credit status to decide if it is indeed safe to lend any money to you.
Try google for U.S. lenders that advertise unsecured loans with easy approval. You can find them through websites like http://3monthinstallmentloans.net/ where it is convenient to compare interest rates, payment terms etc across multiple providers. Most people do not like risking their home being seized via equity loans, that is why online signature loans are much more popular instead. If you have a stable income (you are being employed somewhere for months), its generally easier to qualify compared to someone who is self employed or freelancing.
A safe way to borrow 1000 dollars without the risk of increasing debts is pawnshops. Of course, you must have something of value to pawn as collateral in this case, which can be either gold coins, jewelry, watches etc. You can choose to redeem your collateral, forfeit it or extend the loan for a few months by paying just the interest fees due. The maximum amount you can get depends on the type and value of collateral provided. Insurance policies and annuities are also welcome at many pawnbrokers.
Whether you have a low credit score or just lost your job, this affects your chances at securing a decent loan. The reasoning is simple. If you are not working, how are you going to find the money for repayments which are due soon? There are very few American lenders who can be convinced that you can be trusted with a high interest loan without difficulties.
Do your own diligence and decide if a lender is affordable, especially when compared to dishonest companies. So make sure you compare quotes for unsecured payday loans before signing the agreement. According to the Federal Trade Commission, all compliant lenders must fully disclose their fee structures upfront in a clear and easy to understand manner, so that consumers have a proper idea how much to pay for a short term cash advance.