| If you own your house, you know you can do a | | | | Though this type of loan typically has very high interest |
| cash-out refinancing or easily obtain a Home Equity | | | | rates attached to it, you can get the cash fast with no |
| Loan if you need some quick money. But what should | | | | credit check. |
| you do if you rent your home? Fortunately, there are | | | | A CASH ADVANCE |
| some loans available to almost anyone--even folks | | | | If you have a credit card, it probably includes a "cash |
| with bad credit. Here are three possible options: | | | | advance" option. In most cases, you can simply insert |
| A SECURED PERSONAL LOAN | | | | your credit card into any ATM machine, enter your PIN, |
| Almost every bank and credit union offers personal | | | | and select the amount of cash you want (up to your |
| loans, where the money you borrow can be used for | | | | available credit limit). Be careful, however, since credit |
| any purpose you desire. If you have good credit, you | | | | card cash advances almost always have a high |
| can get one of these loans without any problems. | | | | interest rate tacked onto them. And any payments |
| However, if your credit is less-than-perfect, you may | | | | you make to your credit card in the future will go |
| have to secure the loan with collateral, usually any | | | | toward lower-rate purchases first. Your expensive |
| valuable possession like a car, boat or expensive piece | | | | cash advance will be the last thing that gets paid off |
| of jewelry. To find a personal loan, start with your local | | | | your balance. Here is a list of recommended Payday |
| banks and credit unions, or do an online search for | | | | Loan Lenders online. It's important to use a reputable |
| "personal loan lender." | | | | lender online to make sure your personal information is |
| A PAYDAY LOAN | | | | secure. |
| Payday loans are offered by certain types of lenders. | | | | Even those who don't own their home have options |
| Essentially, your next paycheck is collateral for the | | | | for loans, though people with good credit have a few |
| loan. In a way, it's like a salary "advance." You sign | | | | more lower-cost choices than folks with bad credit. |
| over a personal check to the lender for the amount | | | | Just remember: fast cash usually comes at a price, so |
| you want to borrow, and the lender hands you cash | | | | carefully weigh the bottom line cost of any loan before |
| on the spot. Then the lender will cash your personal | | | | taking the money. |
| check the next time you get paid by your employer. | | | | |