3 Same-Day Loans That Aren’t Payday Loans

3 Same-Day Loans That Aren’t Payday Loans

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When you’re short on money for an unexpected emergency or a bill that’s due right away, a quick loan could tide you over.

Unfortunately, people in this situation often take out risky and expensive payday loans. These loans are popular because many don’t require a credit check, and you can get cash the same day. They also usually have extremely high interest rates — they can exceed 400% per year — and terms of just two weeks.

The combination of high interest rates and short terms makes it hard to get out of payday loan debt. Borrowers get stuck in a cycle of only paying off the interest, and taking out new loans every two weeks.

If you wonder how long it takes to get a loan without such predatory terms, the good news is that there are fast options with much lower interest rates. You don’t get the money the same day, but the following lenders can fund loans as quickly as one business day after approval.

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1. Discover Personal Loan

Discover Personal Loan is a low-fee option for borrowers with the credit to qualify. You need a FICO® Score of 660 or higher to meet this lender’s minimum requirements. Pokračovat ve čtení „3 Same-Day Loans That Aren’t Payday Loans“