If you have money in a savings account, its cheaper to use that money rather than get a personal loan that charges interest. If you must hang on to your savings or need more money than whats in your account, some lenders will make secured personal loans with savings accounts or certificates of deposits as collateral.

You likely wont have access to your account or CD until you repay the loan. It can make sense to secure a loan against a CD - instead of a instant cash advance big rapids account - because withdrawing money from a CD can incur an early withdrawal penalty.

Youll want to compare that penalty with the interest charge on a personal loan. Where to get a secured personal loan. Of the nations five largest banks by deposits, only Wells Fargo allows those with savings accounts or CDs to use them as collateral to qualify for a loan or get a lower interest rate.

Instant cash advance big rapids

Months, not weeks. Unlike payday loan agencies, at Spotloan you are able to pay us back over months, not weeks. Take as long as 10 months or pay us sooner and save on interest, it's up to you. CAN HELP WITH EXPENSES LIKE. Hospital Bills. Car Emergencies. Utility Expenses. Taxes Owed.

Instant cash advance big rapids

Here are several alternatives to and ways to avoid payday loans: 1. Budget Better. As the 2012 Pew survey shows, most people take out payday loans to cover their day-to-day expenses. Borrowers give explanations such as, I instant cash advance big rapids behind on my mortgage and cable bill, or I have bills to pay. But in a situation like this, a payday loan is just a bandage. If youre not living within your means, borrowing money doesnt fix the problem. In fact, it adds to it by giving you interest to pay on top of all your other expenses.

What you need in this case is a better household budget.

Instant cash advance big rapids