If you’re buying a car or a house, it’s often customary to rely on a bank loan or a loan from your local credit union. But when you’re faced with a financial emergency, waiting weeks for a response from a bank won’t cut it. You need money as soon as possible. In fact, a loan today would be ideal. Many sources for quick money have significant disadvantages; some are downright hazardous to your financial health. Fortunately, there is one place where you can get a loan today and get the money you need in a convenient direct deposit into your bank account – LoanNow!
If you need a relatively small loan or your friends and family are especially well off, you may be able to ask for a loan today and receive the money you need right away. However, friends and family are not usually a viable option for large loans. Regardless of the size of the loan, if you cannot or simply fail to repay the loan, relations with the lender could be strained beyond the breaking point.
Credit Card Cash Advances
If you have a credit card with sufficient available credit, obtaining a loan today is as easy as making a trip to your nearest ATM. But unlike purchase transactions, credit card cash advances begin collecting interest as soon as you retrieve your cash. Even worse, the interest rates and APRs for cash advances are usually much higher than for purchases. If you only make minimum monthly payments on your credit cards, you could eventually pay many times the amount of your advance before you finally pay it off.
If you need a loan today your local pawn shop is happy to oblige – provided that you have items of value to offer as collateral. Pawn shops make loans against the value of personal property such as diamond and gold jewelry or high end electronics. You’ll only receive about 25 percent of the value of your property and the loan must be repaid, in full, within about 30 to 60 days, or you risk losing your personal property for good.
Payday Loan Stores
You may have seen ads on TV or on the Internet for “cash till payday” loans. If you’re seeking a loan today you may be tempted to borrow from a payday loan store. But the initial convenience of a payday loan is immediately wiped out by the realization that you must repay the loan, in full, with astronomical interest charges added, in just a couple of weeks – or even as soon as 10 days after receiving the loan.
If you cannot repay the loan in full – which happens more often than not – then you’re drawn into a vicious cycle of partial payments and rollovers. After just a few cycles of rollovers, many borrowers find that they owe more than their original loans, despite making regular payments!
With LoanNow, you can apply for a loan today from the privacy of your own home, and receive a response within minutes or hours. Once you’re approved, your loan will be deposited into your bank account electronically. We never require collateral and our repayment schedule is structured into manageable monthly installments – no rollovers! LoanNow gets you the money you need with repayment terms you can live with. Isn’t it time you discovered the LoanNow difference?