The new year is here now and there are a lot of New Year’s resolutions that are made and people are optimistic about what lies ahead. Financial difficulties still may linger to start the new year, even though things may look brighter further into the year. With these concerns on people’s mind, they may wonder what options they have in hopes of getting through the next couple of weeks while they wait for things like income tax returns to start coming in. Short terms personal loans could be an option for those that have steady or reliable income coming in, but need cash to start the new year.
Short term personal loans can be approved from $100 up to $1500 dollars and in some cases in just a few hours with no credit check. These loans are guaranteed from a banking account and the money is deposited directly into the bank account usually on the same day and often in just hours. Short term loans are good for people that need to get cash today, but don’t want the credit to show on their credit report or that they don’t want their credit report checked.
These loans are secured via a checking account and in some cases a blank check is written, but if done online they do not require a hand-written check. The check is held for a couple of weeks, or until the next date of income received, at which time the borrower pays back the loan along with a one time service fee and they are done. The fee varies from state to state, but in most cases is capped between $15 – $25 per $100 borrowed.
The new year is a good time to look ahead and think of the possibilities that may come, but there are still expenses to deal with today and for this a short term personal may be a good option. Because the loans are paid within a couple of weeks they are often referred to as payday loans, but it may be good to have a cash advance to start the new year. Just think of the possibilities.