I Need 400 Dollars Fast
Are you in need of a fast loan today? Where can I borrow 400 dollars if I have bad credit? Now, most people will probably go to a bank and try to see if there is any cheap personal loan that they can use. But the thing is, your bank is only likely to offer their loans that tend to begin in the thousands of dollars, and have a tenure period of, say, 6 months installment loan, up to 48 months or so. That is fine if you really need to borrow 5000 dollars or more, and you have a relatively good FICO score. But what if your score is below 640? You might not be able to get your banker to approve you for a 400 dollar loan. Besides, they are probably unlikely to play ball with you given the small amount of loan you are asking for.
Cash Advance With No Credit History
If you know you have bad credit, or maybe you don’t even have any borrowing history, an alternative for people who are unbanked is a cash advance which is offered with no collateral needed. A 400 dollar cash advance is typically offered as a short term personal loan that is secured by the applicant’s future earnings. Also called payday loans, they provide a valuable source of financing for people who are under-served by the mainstream lenders, such as banks and financial institutions.
400 Dollar Same Day Decision Loan
When you ask for a 400 dollar non-payday loan, these direct lenders do not require a high credit score, neither do you need to use collateral. To be approved for a small cash advance under 500 dollars, lenders will determine your suitability by requesting for information regarding your current employment. In short, they just want to be sure that you have the capability of repaying them. With most online money lenders, a minimum salary of 1000 dollars is the criteria.
The main advantage of using an easy cash advance for people with bad FICO is that it can be processed much faster than the traditional way of borrowing one from the bank. Most lenders have their own loan websites which allow for consumers to go online for a short term emergency loan right away. With the advent of the Internet, lenders are now able to operate longer hours and you are able to get a quick loan 24/7 hours a day.
As aforementioned, if you need to borrow 300 – 400 dollars today, a direct cash advance is a feasible solution if you just need a few hundred bucks for an emergency and will pay it off once you get your next paycheck.