If you happen to have (or can open) a 0% interest credit card that's still within the intro APR term, it could be a useful option for spending. If you plan to make or ask for this type of loan, one financial planner recommends putting loan terms and repayment plans in writing, and paying interest if possible. While loans from family or friends aren't to be taken or made lightly, it could be an option for anyone needing cash quicker than a bank could send it. Check with your credit union to see if this option is available, and what interest rates and borrowing amounts are available. Only available to members, these loans are good for anyone needing a small loan, and who can repay it quickly.Īccording to the National Credit Union Administration, payday alternative loans typically range from $200 to $1,000 and have terms between one and six months. Not to be confused with traditional payday loans, payday alternative loans are offered by many differentĬredit unions and work with all types of borrowers. Payday alternative loans from a credit union If you need to borrow money in an emergency, there are a few other avenues to explore. It's worth noting that if you have an emergency fund or cash savings, dipping into those resources is a better option than borrowing. Alternatives to personal loans for quick cash You should keep doing research and talking to others who have used the company to get the most information possible. Keep in mind that a top-notch BBB score does not ensure a positive relationship with a lender. The BBB gives B- in trustworthiness because of government actions against this business. Two of our three top picks are rated A or higher by the BBB. The Better Business Bureau evaluates businesses' trustworthiness using factors like their responsiveness to consumer complaints, honesty in advertising, and clarity about business practices.
#Modo loans full
Read Insider's full review of Wells Fargo.
Wells Fargo personal loans: While this bank offers same-day funding and a secured loan option for lower interest rates, Wells Fargo's personal loans are difficult to apply for if you're not a customer.Only current customers can receive same-day funding and autopay discounts.