When you are strapped for cash, getting money quickly is on the forefront of your mind. However, with a poor credit history, you may find getting a cash loan a little more difficult. Here are five ways you can get a cash loan quickly, even if you have bad credit.
Talk to Friends/Family
When you are in need of money, sometimes the fastest way to get a loan is to talk to your friends and family. It is important that when you borrow money from someone, you have an agreement drawn up for the repayment. However, with your friends and family, the payment plan can be more flexible, and often comes without an interest rate at all. If they are unable to lend you money, ask if they would be willing to cosign a bank loan instead.
Credit Union Loans
Banks are not often willing to work with people who have poor credit, but credit unions will. They are smaller banks that are owned by the members of the bank, so you will have to have an account there to get a loan. In addition to being more forgiving than a bank, their interest rates are lower and they usually are more flexible with a payment plan. You will also have the ability to talk to them about both secured and unsecured loans.