Emergency Cash Loans From LoanNow – Easier, Faster, and Better

You’re careful with your money but sometimes things happen and your budget takes a hit.  But your search for emergency cash loans turns up some choices that are definitely less than desirable.  LoanNow provides the cash you need, when you need it – with repayment terms you can live with.

Credit Card Cash Advances

Emergency cash loans can be as close as the nearest ATM – if you have credit cards that aren’t maxed out.  Credit card cash advances are definitely convenient – there are no applications, because you already have the card. And you don’t have to explain why you want the money.  But that convenience comes at a price.  Interest rates and APRs for credit cards are almost always much higher than for purchase transactions, and the charges apply as soon as the cash hits your hand.

Bank Overdrafts

While your bank may not allow you to take emergency cash loans from directly from the overdraft reserve for your account, you can probably access the funds by using your debit card to make payments.  Like credit card cash advances, bank overdrafts are very convenient.  There are no applications and no credit checks. However, you will almost certainly be charged an overdraft fee, which can be 30 dollars or more.  You’ll also be expected to replace the funds in your account within a relatively short period of time, generally 30 to 60 days. If not, you could risk losing your account.

When You’re Truly Desperate

If you’re truly desperate for funds, and you don’t have access to a credit card cash advance or a bank overdraft, emergency cash loans are available from nonbank sources. Two of the most common nonbank sources for loans are pawn shops and payday loans.  Pawn shops provide cash on the spot with no credit check and no questions asked. But borrowers must surrender personal property as collateral, and repay the loan, plus hefty interest charges, within about 30 to 60 days or risk losing their property.  Payday loans combine the triple whammy of high interest rates, lump sum repayment and extremely short repayment periods to make it nearly impossible for many borrowers to repay their loans on their original repayment dates. This triggers a vicious cycle of partial payments and rollovers that can persist for months, if not years.

LoanNow – The Better Alternative

LoanNow understands that when you’re faced with an urgent financial situation, you can’t afford to wait weeks for a bank decision. You can apply for our emergency cash loans from the privacy of your own home, and receive a response within minutes. If your credit isn’t perfect, that’s not necessarily a deal breaker.  We approve many applicants banks turn down. We never demand collateral and we structure or repayment plans into manageable monthly installments.  LoanNow is the better alternative for emergency cash loans. Check us out today!