Fast Money Loan

The first loan is called a Payday Loan. Youve probably seen the signs, advertisements, or billboard for payday loans. They are easy to get and you dont need to have good credit. All you need is a job and you have to be employed there at least six months. Theyll hold your postdated check for 2 weeks. Youll be charged a fee for borrowing the money but if you need it for rent or some other emergency, this is an option.

The second type of fast money loan is called a Title Loan. What is a title loan? A title loan is when you go in with an automobile title and youre the owner of the car. Theyll hang on to the title and let you keep the car. The title on your car is used as collateral so they know youll have to pay them back. Theres interest and fees for this type of loan but its fast and easy to get.

If you own a home, you could tap into your home equity line of credit. You bank will know what youre talking about if you mention that. Its a line of credit against the equity you have in the property; its sort of like credit card credit except its secured by your house. The interest on these home equity lines are typically pretty low compared to credit card rates.

Another way to get quick cash is to get a cash advance on your credit card. Theres typically a 3-5% cash advance fee and the interest is very high but if you dont have a choice and you need the money, thats an option.

How to find Private Money Investors.