When you’re looking for a loan for thousands of dollars as quickly as possible, there are only a few options that become feasible. In this article, we’ll highlight the most common ways that people tend to achieve big loans fast. Have a read through and see if any of these options suits you.
A payday loan
Payday loans are all about speed. At Quickle. We do everything we can to try and have our fast short-term loans get paid straight into your account within hours of your application being approved. We provide loans of up to $2000, which is usually enough to help our customers solve a wide range of the most expensive emergency situations.
To have the best chance of being approved for this size of loan, you’ll need to prove that you earn enough to pay this amount back along with the added charge within the time frame agreed. The longest term we offer can reach over over 60 days, but in most cases, you’d need to be able to pay what you owe within your next payday.
We do try to be as understanding and helpful as we can should things go wrong with your repayments, but it’s never a good idea to take the maximum amount just because you’re eligible. We always advise that customers take only what they need with each loan. Payday loans are not suitable for making a big luxury purchase. If this is your intention, you might want to consider the following alternative options.
A loan from family or friends
If you want absolute freedom to do what you want with the money, one of the best options you have when looking for a big loan fast is taking it from people you know. Want to buy a car or go on holiday? Only your closest friends and family are likely to accept lending you so much for such reasons. That’s if they have that kind of money to spare!
Credit cards or overdrafts
If your relationship with your bank or card issuer is in good shape, you might be able to apply for a credit card or overdraft. You’ll be able to spend the funds on whatever you chose, but you should be aware of the risks that come from spending too much with credit cards.
If you already have a reasonable amount of credit card debt outstanding, applying for more is never advisable. We all know how easy it is to spend more than we really need to on a card, simply because it sits in your wallet or purse and constantly gives you the option to pay for things that tempt you on a day to day basis. If you think a credit card is too dangerous an option for you, it’s best to avoid getting a new one entirely.
These measures are nowhere near as fast as payday loans. Expect to have to wait days or perhaps weeks for your credit to be available and your credit score will also play a huge role in whether or not you are accepted at all. At Quickle, we don’t look at your credit score when you apply for a short-term loan. We care a lot more about your current income to determine whether or not a loan from us is within an affordable level for you.
With a personal loan, you can apply for funds much larger than $2000. Again, to be approved, you’ll need a great credit history. The issue with personal loans is the time it takes for them to be processed. There’s no way a regulated personal loan from a bank will arrive within hours of your application like a payday loan. Personal loans, much like credit cards, can take weeks to arrive.
The other thing to consider is where you get your loan from. With most personal loan companies or banks, as soon as you miss a repayment, you’ll be slapped with an unavoidable charge without question. At Quickle, we like to be far more understanding. As long as you contact us as soon as you can to let us know you might struggle to pay, we’ll do all we can to work with you to reschedule and find an effective solution.How To Land A Big Loan Fast Click To Tweet
For more information, give our awesome customer service team a call.
If you need some more details, you can find plenty about fast loans in our previous blog post: 4 Things You Should Never Do With A Fast Cash Loan