It does not always have to be an awkward bill for which a loan is needed quickly. Maybe it’s a special bargain – a car, a piece of furniture, a journey that you can get now or never. If you’re sure you can afford the expense and repay a loan in the short term, financing is a good option.
Use credit card and dispo
The fastest and cheapest loan is the payment by credit card. For a real credit card that does not need to be pre-populated, the card company or the bank behind it grants an interest-free loan until the next billing. If the issuer of the invoice does not accept a card payment, check whether your card allows free withdrawals of cash at the ATM. If this is not the case, fees of at least five to seven USD are usually due, for larger amounts, for example, 1% of the amount withdrawn. Then the card credit is usually not worth more. Instead, look for the debit interest you need to pay for the repayment credit on your checking account. On average, this is just under 10% annual interest. Here’s an example: You need 1,000 USD for a travel reservation in cash. Your next salary payment to clear the account will come in 14 days. Your credit card will be charged at this time. If you withdraw cash with your credit card, you will be charged a 1% fee equal to 10 USD. On the other hand, the dispatch costs just under 28 cents a day, so not even four USD in 14 days and is therefore much cheaper. Incidentally, neither the use of the card nor the use of the Dispos are stored at the credit bureau. And both forms of credit have the advantage that they allow a very fast payday loan without any formalities.
Use comparison portals properly
If these options are not sufficient for your financing needs, search online for credit providers. The easiest way is to enter a few basic data in one or better than several comparison portals. These portals are approved credit intermediaries who send the information in one fell swoop to many banks with whom they work. The preliminary request has no effect on the credit bureau score, as does the checkout and credit card. But it allows a first condition assessment and, in many cases, within a few minutes, a preliminary commitment that lending is possible in principle. After that, the bank of your choice will ask you to make a legally binding application. Documents such as identity card, employment contract, salary statements and possibly even bank statements are submitted digitally without delay and checked within hours. If everything is alright, you can quickly get your loan, which can be paid out within 24 hours after the start of your research.