I Need $500 Now!
Need $500? We can help with a secure online loan quote. Our lenders are ready to make you an offer right now. It takes just a few minutes, it is absolutely free and you are under no obligation whatsoever. Take a minute and see what you can get.
Getting Your $500 Loan
The process is simple. Fill out a short quote form with your information and click submit. Your information will be securely sent to a lender or lenders in the loan network and if approved, the lender will provide you with an offer. You will be able to review the offer and decide if it works for you. If you like it, accept the loan and your money will be wired directly into your account ASAP.
Now, you might be wondering just how hard it is to get approved. The truth is that it is not that hard. Most people will get approved for a loan if they meet just a few basic requirements. You need to have some source of verifiable income for starters. This does not have to be a regular job. It can be any income like a monthly settlement, child support, etc. You just need to show that you have some kind of money coming in. Next, you need to have a checking account. This is where your lender will deposit the money and where they will take out the repayment. A savings account will usually not do. Finally, you need to have a good contact number. Your lender does need a way to get ahold of you. That is it in most cases. Have those few things and you will have some great odds of getting a $500 loan.
So, now, what happens if you get approved? First and foremost, you need to review the loan details. Make sure that you know exactly what you are agreeing to. These loans are a great way to get some fast money but they come with some hefty fees and have some super short terms. Read your loan documents well before signing anything. If you are unsure about something, ask your lender for clarification. If you do agree to the loan, your lender will deposit the money directly into your bank account, as soon as the next business day. You can then use the money for anything you like, hopefully just for emergency bills.
The Loan Process
Here is a short video about the loan process.
Questions About Cash Loans
- How long will it take to get started today?
You can fill out your loan form in no time at all. The online loan form is short and you will get your decision very quickly. Once this happens, you will be given an opportunity to review your loan offer. If you accept it, your loan proceeds will be deposited right into your account, as soon as the next day.
- Can i be approved with bad credit?
Yes, even if you have what you consider to be bad credit, you can still be approved. Lenders offering cash advances often do not even use the traditional credit reporting agencies. So, as long as you have a source of income and a checking account, you have a good shot at approval.
- When do I pay the $500 loan back?
These are short term loans and are due to be repaid quickly. Most loans will need to be repaid in just two weeks. Refer to the details of your loan offer for more details or ask your specific lender directly.
- How much money can I take out?
Loans can be up to a thousand dollars, depending on which state you live in, but if you only need $500, just take out that amount. The more that you borrow, the more fees that you will rack up and the harder it will be to repay the loan.
- What happens if I have another emergency?
You should only take out one loan at a time but if you need more time to pay the loan back, your lender may be able to extend the loan. Contact them as soon as you know but be aware that fees will apply. Do not take out another cash advance or payday loan while you still have an existing one. This is never a good idea and may even be against the law in your state.
- What can I do with my $500 loan?
Whatever you want, it is your money. We do however suggest that you only use payday advances for emergency expenses. Using them for fun money is a recipe for financial disaster.
Other Fast Ways To Get $500
You should always consider your options before taking out any loan. Here are some other possible sources of fast cash that you might consider. Keep in mind that if the methods below do not work to get all the money you need, they are still useful. If you get some of the money, you can limit just how much you need to borrow.
- Ask friends or family.
Borrowing from friends can be risky but if you are courteous and pay back the loan quickly, it can work. A free loan with no fees can be nice so if this option is available, give it your consideration. The only downside is that you have to admit your financial situation but consider this another positive. Perhaps a family member can give you some advice to get you back on the right financial track.
- Sell something.
Got an extra TV or game system laying around? Perhaps you can sell some things and save up $500. It might help you declutter your home as well. Consider Ebay and if you do, use the “buy now” option as this will allow you to get the money quicker than an auction. In addition if you send the money to your PayPal account, they now have an instant transfer function for a small fee.
- Get a credit card advance.
If you have a card with balance left, you can get a cash advance pretty easily. Check the fees, because these advances are usually charged at a higher interest rate than other balances. Even with the higher interest rates though, this option would still, in most cases, be less than the cost of a payday loan.
- Cut back on expenses.
You might be able to save $500 just by cutting back on bills. Call your creditors and ask to skip payments or make interest only payments. Put your satellite, cable or home wifi service on hold. Bring sack lunches to work. Walk or take the bus to save on gas. You might be amazed at all the ways you can save.Loans With Bad Credit
More On Bad Credit Loans
Yes, you can get a loan even if you have less than perfect credit. This is because lenders often use alternative scoring systems and have different requirements than traditional lenders. After all, if you had a 700 plus credit score, you probably would not be looking at a cash advance in the first place. So how do you get a loan with bad or poor credit. Here is what you need.
- A source of income.
This should be verifiable. It does not need to be a job but it has to be money that you receive on a regular basis. This could be a severance, settlement, child support, etc. Your lender just needs to see that you have the ability to pay back the $500 at the end of the loan.
- A checking account.
No, it can not be a savings account. Your lender needs to be able to deposit funds directly into your account and then they must be able to withdrawal funds out of your account at the end of the loan. The account should be in good standing.
- A valid telephone number.
Your lender needs to be able to contact you. This can be a land line or a cellular phone.
Have the above three items and you are well on your way to getting a loan. Now, some lenders might require a few more things because each will have their own specific requirements. This is where Loan Monkey helps. Our lender network can get you in front of more lenders potentially. When you fill out the quote form your information will go from lender to lender until one is found with whom you meet their requirements.
Selling Property To Make $500
This can be difficult because you might not have a lot of items that you want to get rid of or can even afford to get rid of. Still, you might have a few of the items below and they might get you the money you need. Even if you only make a few hundred dollars from the sale, keep in mind that the less you have to borrow, the less fees you will pay. This will make repaying the loan easier in the future.
- Jewelry: This tops the list of disposable items that can bring big money . You can sell it on an online listing auction site or simply go to one of the many stores that buy gold and silver.
- Electronics: Think computers, lcd televisions, iPads, high end phones, etc . Easily shipped items are great to sell at places like eBay while larger items like televisions are probably easier to sell locally.
- Furniture: Only if you will not need to replace it. A bedroom or living room set could net you $500 with ease. If you do not want to sell it yourself, there are consignment stores that will do the work for you in exchange for a percentage of the sales price.
- Appliances: Refrigerators, washer dryer sets. These items are in high demand. You can probably just put a sign out and have someone knocking on your door for a washer and dryer.