How To Get Cash Fast

Are you in need of cash urgently? Get to know every option available to you to get an easy, quick cash loan in 24 hours.

$2,500
Want to borrow more than $5,000? Click here!

Living paycheck to paycheck can be challenging, especially when faced with unexpected expenses. With your salary still far away, it's easy to become stressed and worried. The situation is tenser if you have no savings to offset your urgent bills.

The good news is, that there is no need to panic as many reliable alternatives are available to cover your expenses, such as CocoLoan. If you are cash-strapped and need money urgently before payday, look no future than CocoLoan as we work with a list of trustable lenders within the US to provide all sorts of reliable financial services.

Not only that, we understand your concern, so we have researched and compiled a list of methods of getting fast cash during unexpected financial emergencies, to help you better understand your situation and make correct decisions.

Ways of Getting Fast & Easy Cash

Sell the stuff you don't need.

One of the methods of getting fast and easy cash is selling unused belongings to cover your immediate expenses. Those items you think are worthless could be valuable to someone else. You can list the property on an online marketplace to access a wide range of prospective buyers. If you are lucky, you can get up to 70% of the original value of an item.

Pawnshop

If you have a few valuables that you are willing to part with, looking for a nearby title pawn could be a great alternative if you need quick cash. Most pawn shops will offer you 25% to 65% of the resale value of the item you tender. Also, since there are no credit checks and little paperwork, it has proven to be a fast and reliable means of getting a loan. However, the pawnshop has the legal right to resell your item if you default on the loan.

Payday loans

Another option you can consider if you need cash fast is payday loans. When signing up for a payday loan, you are not required to have a high credit score or collateral. All you have to do is prove that you have a stable income source that guarantees you can repay the loan without defaulting. Once you do that, most lenders will approve your loan in 24 hours or less.

However, payday loans come with downsides. They come with a high-interest rate, which could be as much as 600% APR with a low loan amount of less than $1,000. Also, their repayment terms are usually short, up to one month, putting a significant burden on the borrower.

Personal loans

Personal loans usually have a longer repayment term of 12 to 60 months. Some personal loan lenders may possess a higher loan limit of up to $50,000 with no collateral. However, getting approval for a personal loan largely depends on a solid credit score. With an excellent credit score, you will have the luxury of having numerous personal loan options with low-interest rates.

The downside is that most personal loan lenders don't use an automated loan approval process, which may prolong the time you can get approved for a loan. Also, you will be involved in additional paperwork and will be asked to provide additional documents to prove your repayment ability.

Cash advance with a credit card

Borrowing against your credit card is another fast and efficient way to get money to cover your expenses. Cash advances are usually short-term loans with competitive lending terms.

The cash advance limit on your credit card (which is entirely different from the full credit limit) will determine the amount of loan you can apply for. You can proceed to check your credit card statement on your online banking app to discover how much you can borrow.

However, cash advances come with a lower loan limit, restricting borrowers to only borrowing between $50 and $1,000.

Online loan service providers

CocoLoan

CocoLoan is your to-go online loan broker committed to linking potential borrowers to trustable online lenders. CocoLoan works closely with its US-based lender network, providing short-term loans that range from $50 to $5,000 along with other online financial services. Typically, they provide quick loans that can be used to cover expenses before payday arrives.

CashAdvance

CashAdvance connects borrowers to a diverse range of online cash advance lenders. They offer instant cash advances that are usually between $100 and $10,000. The process of applying for a loan takes less than 10 minutes. Once approved, the borrower can get their funds in less than 24 hours.

PersonalLoans

PersonalLoans offers loans between $1,000 and $35,000 with a 5.99% APR. They serve as an intermediary that connects various lenders to borrowers. PersonalLoans is a good-to-go platform for borrowers seeking unsecured loans with a repayment term of 3 months and a maximum term of up to 72 months.

BadCreditLoans

BadCreditLoans connects lenders to borrowers seeking to apply for an unsecured loan. The platform offers loan amounts that range from $500 to $10,000, with a minimum repayment term of 3 months and a maximum of 72 months. Depending on the lender and the details you submitted, you can get loans at interest rates ranging from %5.6 to %35.99%.

US Bad Credit Loans

US Bad Credit Loans connects borrowers to reliable professional bad credit loan providers. Their network of lenders offers borrowers competitive interest rates and easy credit requirements. Through US Bad Credit Loans, you can borrow up to $5,000 for payday loans and $35,000 for personal loans with no collateral.

401(k) retirement plan

With a 401(k) loan, you can borrow up to 50% of your total account balance or a $50,000 maximum. The loan has a maximum term of five years, and the interest incurred on the loan will be added to your 401(K) account. The loan will be repaid through an automatic monthly deduction from your paycheck.

However, you will miss out on the return on investment of the borrowed funds. Also, if your employment is terminated or you quit your job, you will be forced to repay the loan within 60 days. If you default on the loan, the outstanding debt will be taxed. You also get a withdrawal penalty if you're not at least 60 of age.

How much would you like to borrow?

$2,500

Things To Look Out For When Getting Fast Cash Online

When someone is in urgent need of cash, they tend to be desperate to find a solution. Loan sharks use this advantage to lure unsuspecting borrowers into applying for extremely high-interest loans. If you consider taking out a loan, don't succumb to the pressure of mouth-watering offers. Make sure to look out for these risks to avoid being a victim.

The risk of payday loans

Significantly high-interest rates are the leading risk of payday loans. The interest could be as high as 600% APR with a short repayment term. The lenders also charge exorbitant fees and would likely extend the loan more than once. You can easily find yourself trapped in a debt cycle with a sky-high interest rate.

The risk of car title loans

The shortcomings of car title loans are the high-interest rate, expensive fees, and short repayment duration. Although car title loans are short-term loans, the APR could be as high as 300%. Also, the lender may charge expensive rollover fees. So, the more you roll over the loan, the more fees and interest you incur, thereby increasing your chance of defaulting. If you default, your vehicle title will be repossessed and sold by the lender to recoup their money.

Can I Get Fast Cash Online With Bad Credit?

Although having a bad credit score can be a disadvantage, it does not disqualify you from applying for all types of loans. With a credit score south of 579, you can consider the services of lenders that offer loans to borrowers in this range. If your credit score is terrible, like below 500, you can go for a secured loan such as title loans, pawnshop loans, or a credit card cash advance.

You can also get an instant loan with bad credit through CocoLoan. CocoLoan offers a fast and easy application process with a simple online form. You can expect quotes from several lenders within minutes. Once approved, CocoLoan provides instant cash loans even if you have bad credit with no collateral in as little as 24 hours.

Since Everything Is Now Done Online, Can I Get Online Instant Cash Loans Without Credit Checks?

No credit check loans prove to be a great alternative when you have a low credit score, but there are more details about it.

No credit check loans do not mean lenders will not perform any credit checks at all. In fact, instead of performing a hard credit check that will affect your credit score, lenders use soft checks to verify your creditworthiness. Since credit soft checks will generate no impact on your credit score, and it is one of the most common practices throughout the online loan market, loans with soft credit checks are often referred to as no credit check loans.

You can consider no credit check loans if you have a bad credit score and need money urgently to cover your expenses. Having a bad credit score certainly limits your options. However, it is still possible to get an instant cash loan with a low credit score.

Fast and Easy Loans You'll Need

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What Are the Conditions for Obtaining Fast Cash Through CocoLoan?

To qualify for a loan through CocoLoan to get easy and fash cash, here are the requirements you need to have:

  • At least 18 years old.
  • A United States citizen or permanent resident with a social security number
  • A valid email or phone number
  • Verifiable and stable source of income.
  • Active bank account registered in your name.

Now that you know the requirements, you can follow these straightforward guides to secure a loan through CocoLoan:

  1. Fill out the easy-to-use online form and provide basic personal information such as your name, income, and housing costs.
  2. Receive pre-approval responses from lenders.
  3. When you qualify, you will be directed to a lender's website or offered multiple links to lenders you can choose from.
  4. Proceed to fill out the lender's application form, which may already have the information in your loan request.
  5. Receive feedback on your loan and get an instant cash loan once you get approval.
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