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Where can I borrow 500 dollars?
500 dollar Loans
From time to time, almost every person faces financial difficulties that require immediate financing. It can be a car repair, utility payments, emergency medical treatment, and so on. If you encountered such a situation and do not know how to find the fastest and easiest way to get $ 500, then you should pay attention to $ 500 Loans.
A $ 500 Loan is the fastest and safest financing option for an emergency since you can get approval on the same day as you have filled out the application. Moreover, even if you had previous problems with loan repayment, now you can get a $ 500 Loan even with a bad credit history!
Can I get a $ 500 Loan in a bank?
If you are in an emergency, then you need such a fast type of financing as possible in order to cope with expenses. Most likely, you know that banks have a very long application approval process, as they have a large number of acceptability criteria and also check your credit history. Thus, the approval of the loan in the bank may take up to a week, which is very long for an emergency situation. Moreover, banks approve of applications only for good or excellent credit history.
Thus, as you can see, the bank is not the best option if you want to get $ 500 quickly and cope with your expenses.
Where can I borrow 500 dollars?
Despite the fact that banks often do not provide such small loans as $ 500, there are still options that you can consider if need emergency financing. The most popular options are loans to salary and pawnshops.
However, before applying, you should pay attention to the fact that most often Payday Loans have extremely high-interest rates that can be quite difficult to repay. Thus compare the offers to get the most profitable.
Also remember that you can always refer to friends and family and ask them to provide you with $ 500, as it can help you avoid high interest rates. However, if you can't return them a debt in the agreed period of time, you risk destroying your relationship.
I need 500 dollars. What types of $ 500 Loans can I apply for?
Most loans are created to cover specific goals, such as Mortgage, Title Loan, Student Loan, etc. Such loans can vary from several thousand dollars to hundreds of thousands. However, what options can you consider if you need only $ 500?
Examine a few ways to help you get a $ 500 Loan fast:
- Payday Loan. A Payday loan is a simple short-term financing type that helps borrowers with any type of credit to apply and get a loan for any needs. This type of financing often does not have a credit check therefore it is available for almost everyone. Payday lenders offer loans from $ 100 to $ 1000, so you can get $ 500 to cover your needs. However, pay attention to the fact that this loan is short-term so you must pay debt per day with your next salary.
- Car Title Loan. This type of financing is secured so you must fully own your car in order to be able to apply. You must pass the title of the car to the lender for the time of payment of the loan. The advantage of a Title Loan is that you can continue to drive your car even during the debt payment! However, you should also know that if you do not make timely payments, the lender will be able to pick up your car in order to consolidate a loan debt.
- 500 Dollar Personal Loan. This type of financing differs from the Payday Loan to in the fact that it has a longer payout. Thus, you will need to make regular monthly payments instead of repaying a loan from one salary. 500 Personal Loans are unsecured, but if you have a bad credit history most likely you will receive not the most profitable interest rates.
How to Get A $ 500 Loan?
The process of obtaining financing is simple enough since now almost every lender offers online lending. Thus, you will not have to look for a lender next to you, spend time to get to the office and fill a large amount of paperwork. So, how to get a $ 500 loan?
- 1Apply. Explore offers of different lenders on the Internet and select someone who matches your desires and needs. Visit his website and fill out a simple online application. You will be asked to provide such data as a name, address of the accommodation, income information, etc.
- Wait for approval. If you meet the minimum criteria, your application will be approved almost instantly. The lender will contact you by phone to discuss the terms of lending and payments.
- Get money. After signing the contract, you can get a $ 500 Loan directly to your bank account.
Can I get a $ 500 Loan if I have bad credit?
As already mentioned, banks and credit unions do not approve loans for people with a bad or poor credit history, so you should not spend time and apply.
However, pay attention to the fact that online lenders believe that your credit should not be the only factor affecting the approval of your application. Thus, if you want to quickly get a $ 500 Loan, it is recommended to consider payday lenders. You can fill out the application both online and at the store, but the easiest, fast and secure option is an online application.