Taking out a fast cash loan is a short-term solution to cover unexpected expenses, and can be helpful when you don’t have enough money in savings. However, it’s important to compare rates and fees, and make sure you can afford to repay the loan on time and in full.

If you have poor credit, it can be difficult to qualify for a personal loan from banks or credit unions, and payday loans can come with high interest rates. But some lenders specialize in borrowers with low credit scores and can provide you with a quick cash loan with flexible terms. Some even have same-day funding. LightStream, for example, is a great option for people with bad credit who need a fast cash loan with competitive rates and no hidden fees.

Fast Loans: Rapid Access to Funds for Urgent Needs

To get a fast cash loan, you’ll need to supply the lender with your Social Security number, proof of income (like a pay stub), and a bank account. Depending on your state, you may also need to submit a postdated check marked with the date of repayment or provide an ACH authorization to withdraw funds from your bank account. Some lenders offer online applications and in-store services, while others only accept a phone call or an e-mail request.

The average size of a fast cash loan is $500 or less, and most lenders only lend to people with decent credit. But if you have poor credit, other options can help you find cash quickly, such as personal unsecured installment loans. These are similar to mortgage or auto loans and can have longer repayment periods, but often have lower interest rates than payday or title options.