If you have a certain kind of credit card or bank account, you might be eligible to receive what is called a “cash advance.” A cash advance is a way to get some extra money before you actually have the funding in your account.
If you have a kind of credit card with this feature, you use your PIN to get a cash advanced from an ATM. However, you are typically not allowed to take out the entire line of credit you have available. For example, if you had a credit limit that was $2,500—you would most likely not be able to take out that amount.
Generally, you are only allowed to take out a few hundred dollars at a time when you get a cash advance using your credit card. If you need more money than just a few hundred dollars, this could mean that using a cash advance with your credit card is not the option for you.
Another way to get a cash advance is by going through your bank. Sometimes, your bank can distribute money to you, kind of like a short-term loan. But the amount of money you can receive in a cash advance from your bank also has its limits. You most likely would never be able to get a cash advance from your bank for funding that is more than a thousand dollars.
Fortunately, there are other ways to get sufficient funding that don’t have the limitations that cash advances do.
What Are Other Ways to Get Fast Cash?
If you are looking for funding that is more than just a few hundred dollars, there are other options for you. Here are other types of loans that offer fast funding:
- Payday loans
- Signature loans
- Car Pawn
With these types of funding you may get money in a fairly quick manner. However, there are major downfalls with these types of funding that you should know about first.
With payday loans and signature loans, the interest rates are almost always extremely high. Sometimes, payday loans have an average annual interest rate of 582 percent! Sometimes, payday lenders do not have a cap on the interest they can charge their customers. This unfortunately means that many payday and signature loan lenders take advantage of their borrowers by charging them astronomically high interest rates.
If you are thinking about getting a car pawn, you just have to make sure that you won’t need your car during the period of your loan. This is because you normally give your car to the pawn shop when you get money from pawning your car. If you use your car to get to and from work, or if your family relies on your vehicle, you probably want to stay away from car pawns as well.
You might be thinking: well, what am I supposed to do then? But did you know there is a way to get fast and sufficient funding, without those hassles that come with the traditional lenders?
What is One of The Best Ways to Get Fast Funding in Alabama?
Have you considered a car title loan? A car title loan is a way to use your qualifying vehicle title as collateral, so you can borrow money. You could be approved for funding up to $50,0001! You probably won’t be able to get that much using your credit card at an ATM!
LoanMart has been a leader in non-traditional lending since 2002, and we’ve acquired a family of borrowers that is over 150,0002 satisfied customers strong during that time! Over the years, people have even sent us their personal stories of how their LoanMart auto title loan has helped them and their family during some tough financial times. If you want to see what people are saying about LoanMart, just check out the official LoanMart testimonial page.
Unlike other types of traditional funding like cash advances and payday loans, LoanMart car title loans come with competitive rates and convenient payback terms. That means you may get approved for a loan with an interest rate you can live with and payback terms ranging from 12-48 months. Don’t stress out about making your installments because paying back your LoanMart auto title loan may be a breeze! All you have to do is take advantage of the awesome LoanMart benefits.
Some of the perks that come with LoanMart car title loans are:
- High approval rate1
- Convenient terms
- Competitive rates
- Fast funding – get your money in as little as one business day3!
- Superior Customer Service
- Experienced LoanMart title loan agents available seven days a week with extended hours
Also, you keep your car when you get a LoanMart auto title loan and make your monthly installments. LoanMart knows your car is an essential part of your life, that’s why we don’t want to take it away from you.
Get started today and you may be able to receive your money tomorrow3. Start on your LoanMart car title loan now!