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Get 1500 Dollars ASAP
If you need 1500 dollars now, the process of getting a loan offer is very simple. Just fill out the short quote form above. In just a matter of minutes, you can have an offer in front of you from one of the lenders in the network. If you accept your offer ,after a careful review, you can get your money as soon as the very next business day.
Even with bad credit, you may be able to qualify for a loan from 500 dollars to fifteen thousand dollars. The lenders in our network are used to working with people with less than perfect credit, so do not pre-judge yourself.
Why Work With Loan Monkey?
Loan Monkey is not a direct lender and that is a good thing. With a direct lender, you have one shot at approval. Get denied and the game is all over. With us, you fill out one short quote form and your information is sent to a huge group of lenders.
Having a lot of lenders in a group means that you may have an easier time gettig an approval. It could not be easier to get the money that you need. If you have fair credit or even bad credit, it is far easier to get an approval with a loan network.
About Installment Loans
As with any financial situation, you need to take a look at every aspect of the situation you are looking to get into. Loans have fees and terms that you must understand fully before you sign. Here are some things that you need to note.
Every lender has different fees and interest rates and those will vary depending on your particular credit situation. Be sure to note fees like origination fees, contract fees and pay attention to the interest rate. Look at the total cost of the loan and determine if all of the fees and interest are worth it.
Terms as with anything else can also vary. Terms are typically set by the amount that you borrow, so the more that you borrow, the longer you will typically have to pay the loan. When you receive a loan offer, your lender will give you the loan term as well as the actual monthly payment. Be sure that this will fit into your budget.
You can probably not afford to pay back the $1500 all at once so make sure that the terms work for you.
The requirements needed to get a loan will also vary from lender to lender. Do not worry, with our network, you can get a loan even if you have bad credit. Documentation needed is typically very minimal but your lender may need to contact you by phone and might request a document or two.
Should I Take Out A Loan?
You need to make that decision yourself. Only you can truly analyze your financial situation. Here are some things to consider though.
Are the loan fees and interest worth it?
If this is for a non emergency, you need to consider whether it would be better to just save up the 1500 dollars or if you can tolerate the fees. If it is an emergency expense, is there a cheaper way to get the money?
Do you have another source of income?
$1500 is hard to come by but who knows, you might have a rich relative. If you do, that would be a far better option than taking out an expensive loan.
Can you do without the money?
If the cost of the loan ends up being high and the money is needed for something that is not an emergency, you might be better off doing without. Loans for unnecessary expenses are seldom a good idea.
Can you afford to pay back the loan?
Fit the loan payment into your budget and see if it fits. If not, you need to seek out another alternative or you may be getting yourself in worse trouble
More Installment Loan Questions
Is there any collateral needed?
No, an installment loan through our network of lenders in an unsecured loan.
What makes an installment loan different than a payday loan?
Installment loans give you longer to pay the money back. Instead of having to pay the loan back entirely on your next payday, you have more time. You will be allowed to make monthly payments until the loan is paid back.
What do I need to apply?
You need only a few things to meet basic requirements. You will need a source of income, you must be at least 18 years old, you must have a valid social or tax id number and you must have a checking account. Some lenders may have more requirements but with our network, chances are good that you will be matched to a lender.
Do I need to be employed?
No, you do not have to have a job but you must have some sort of regular income. This income can be anything that you get at regular intervals, even government benefits like social security.
What is an example of an installment loan?
In a typical installment loan, a lender will allow you to borrow a set amount of money. They will deposit the money directly into your account. They will then take out monthly payments until the loan is paid in full.
Can you get an installment loan with bad credit?
Yes, if you have a source of income and a checking account, you can get a loan even with bad credit. This is why it is important to use a network like ours. More lenders increases your chances of approval.
Can you pay off an installment loan early?
Absolutely and it will typically save you a lot of money in interest. Check with your particular lender however to see if there are any pre-payment fees.
Can I get an installment loan with a 550 credit score?
In many cases, yes. In any way it does not hurt to get a quote. There is no cost to you, it takes just a few minutes and our large network of lenders improves your shots of getting approved.
Other Ways To Get Money Fast
If you need 1500 dollars right now, the easiest solution is a loan but there might be other options. Here are some choices to consider.
Selling property to get cash the next day is tough, but possible if you are resourceful and have the right stuff. Things like video games, designer purses and other hot high dollar ticket items will go quick if you price them right and in the right place.
Forget about Craigslist, too many scammers and time wasters. Instead, list your items on eBay with a “buy it now” option and prices about 10 percent less than the closing prices on comparable auctions. If it is a high traffic item, people will see the value and snap it up. Then they will pay you instantly on PayPal and you can use their instant deposit feature to get your money immediately.If you sell enough stuff, you can get 1500 dollars or more by tomorrow.
If your item is too large to ship, think about Facebook Marketplace. Using your Facebook account, you can get access to a huge network of people and items tend to sell quickly on this website. In addition, there also tends to be fewer scammers on Facebook. Still use caution, because they are there, but they are not as prevalent as they seem to be on Craigslist.
Borrow from friends and family.
Hopefully you have a good friend and family base to draw from. Asking for 1500 dollars from one person is probably not going to happen. Instead, ask for several hundred dollars from several people.
If you are desperate for money, look far and wide and use the power of services like Zelle to accept instant payments. With a little luck, you can get all of the money that you need by tomorrow.
Borrowing from friends and family can be tricky, but if you are responsible, you can pull it off. The key to it is to get everything in writing and to pay off your loan just as soon as possible.
Donating plasma is a very simple way to make some extra money. Will it get you the entire 1500 dollars that you need? Probably not, but it can get you part of the way.
You can make up to $50 per donation with plasma. You can also donate up to twice a week which means that you can make up to 400 dollars in a single month. That will at least get you part of the way towards your goal.
The great thing about donating plasma is that you are doing a good thing for people. Plasma is needed to make a lot of life saving treatments.
Hustle for the money.
If all else fails, you can hustle for the 1500 dollars that you need right now. Using multiple revenue streams, you might be able to pull together all of the money. Here are some ideas.
- Recycle Metal
There is actually big money in the metal recycling business. You can earn up to 2 dollars a pound for scrap metal and while this might not sound like a lot of money, consider how much scrap weights. A used water heater alone is over 50 pounds.
- Cash In An Old Phone
That spare phone is doing you no good sitting in your junk drawer. In fact, you are losing money because it is depreciating. Take your phone to an ecoATM and get cash today. You might not get the entire 1500 dollars, but the money will get you on your way.
- Sort Your Change
Sounds like fun right? Well then why not let a machine do it for you. Collect all that spare change and bring it to a local Coinstar or perhaps a change sorter at your bank. You might be surprised at just how much money you have in spare change.
- Have A Garage Sale
Nothing is more American than having a garage sale to raise some extra money. If you have enough large items, you might even get the entire $1500 that you need. Just be sure to clear it with your HOA and make sure that your city does not require a permit.
- Sell Old Clothes
Designer clothing and purses hold their value fairly well. If you have some items that are in good shape and can do without them, head to a used clothing store. Just don’t clear out your whole wardrobe.
- Unload Used Books
Just like with clothing, used books still have value. Believe it or not, people still read the printed version of books and used book stores sell it to them. Where do they get their inventory? From people like you. Grab a box and fill it up with your used books, magazines and even DVD’s.
- Clean Out Your Jewelry Box
A lot of us have old gold and silver jewelry that is just not in fashion anymore. It could be a thick old chain or a clunky silver ring. In any case, nobody wants to wear it, but it still has value. Take your items to a gold and silver store and get a cash offer. If you have the time, visit a few different stores to get the best price.