Fast Money: A Guide to Fast Secured Loans

Written by John Mussi

Here is a useful guide to fast secured loans. Sometimes it seems as though there's nothing you can do… you need money and you need it now, but you don't get paid for another week or more. You need to find a fast secured loan, but banks can sometimes take weeks to process your application and there's still no guarantee that you'll getrepparttar money that you need. Luckily, there are other options available for fast secured loans.

Cash Advance and Cheque Cashing Cash advance stores and cheque cashing services are one ofrepparttar 149769 simplest forms of fast secured loans. You go in and fill out some paperwork, write them a cheque forrepparttar 149770 amount of your loan plus their service charges, and walk out with either cash or a cheque that you can take torepparttar 149771 bank. You usually have two weeks to pay offrepparttar 149772 loan, and may or may not be able to make partial payments. If you haven't paid your debt withinrepparttar 149773 appropriate timeframe, then they'll submit your cheque torepparttar 149774 bank for payment… and if you don't haverepparttar 149775 money,repparttar 149776 cheque will bounce and you'll be looking at service fees from bothrepparttar 149777 cash advance store and your bank.

Title Loans A title loan is another form of fast secured loan, working much likerepparttar 149778 cash advance store but withrepparttar 149779 loan provider putting a lien against your car title (meaning that they have loaned you money, and therefore are considered to be legal owners ofrepparttar 149780 vehicle) instead of you writing a cheque. Title loans usually allow for greater amounts to be loaned, and in almost all cases you get to keep your car…repparttar 149781 down side is that if you don't payrepparttar 149782 loan back in time, thenrepparttar 149783 lender is able to repossessrepparttar 149784 vehicle. If you don't pay them back after they've repossessed (as well as pay forrepparttar 149785 repossession fees), then they're free to sellrepparttar 149786 car in order to get their money. Title loans usually aren't recommended unless you have a dire need for money, and know that you'll be able to pay backrepparttar 149787 loan beforerepparttar 149788 payments get out of hand or behind.

A Guide to the Bad Credit Personal Loan

Written by John Mussi

Here is a useful guide torepparttar bad credit personal loan. If you find yourself in need of extra money but withoutrepparttar 149768 good credit needed for an unsecured loan, you may want to consider getting a bad credit secured loan. These loans require you to place some item or property inrepparttar 149769 lender's trust as collateral forrepparttar 149770 loan, and should you not repayrepparttar 149771 loan then they are free to sellrepparttar 149772 item that you granted them as collateral. Some lenders require that you turn overrepparttar 149773 collateral to them in order to get your bad credit secured loan, but many will allow you to keeprepparttar 149774 collateral.

What are common collateral items? Common items that are used as collateral for a bad credit secured loan include items like automobiles and real estate, though precious jewelry or other items are also used from time to time. When using an automobile or piece of real estate,repparttar 149775 person seekingrepparttar 149776 bad credit secured loan is often able to keep their car or house; they simply turn overrepparttar 149777 deed or title torepparttar 149778 finance company or other lender who is then granted a legal claim to it untilrepparttar 149779 loan has been repaid.

Where can you find a bad credit secured loan? While not all banks and lenders are willing to offer a bad credit secured loan, many finance companies will takerepparttar 149780 risk. You may wish to shop around at various finance companies and lenders, finding out which ones offer bad credit secured loans and what interest rates they charge (thoughrepparttar 149781 interest rates will likely be higher than they would be for a loan through a bank.) You might also wish to check out bad credit secured loan providers onrepparttar 149782 internet, checking outrepparttar 149783 lenders a bit more since you don't want to get caught up in an internet scam. Once you've comparedrepparttar 149784 interest rates at several establishments, pickrepparttar 149785 one that offersrepparttar 149786 best terms and see them about getting your bad credit secured loan.

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