Fast Money Loan

Credit Cards and Loans



Fast money loan...this is a loan that people go after when they are desperate for a few bucks. While it's pretty easy to get one, you might be better off not getting one. We will lay the whole thing out for you here so you can make up your own mind about what to do with your situation. A fast money loan could be the right answer for you, but it might not be.

The common name for a no collateral cash loan is a "Payday Loan". The idea is that you are borrowing an "advance" on your next paycheck in order to deal with some sort of an unexpected expense. Of course, if you are borrowing against your next paycheck, that still leaves you with a problem -- chances are you will need that money for normal expenses also. This, coupled with the high interest rates for this type of loan make fast money loans a poor choice.

Some alternatives to consider in place of a fast money loan are:

  • a simple credit card - many will come to you in just a few days
  • sell something you don't really need anymore
  • get a credit increase on a credit card you already have
  • ask your parents for a short term loan
  • pay a bill a couple weeks late (but no more than that)

    For most people, the promise of quick and easy cash is a powerful siren song. All you need is proof of employment and a checking account and you're in. Then a couple weeks goes by and you are still strapped for cash. Now you wind up rolling over this very high interest rate loan until who knows when. A fast money loan is really just one step above a loan shark. At least they won't usually break your legs for non-payment.



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Maybe fast money loan wasn't it, have a look for the right thing here...