Monday, September 03, 2012
To get an easy personal loan the best thing to do is take a cash advance from your credit card. You should use this method only if you can pay it back fairly soon. Cash advances from a credit card will usually carry a high interest rate. If you need the loan for several months and you have good credit, you could apply for a new credit card with the teaser of zero percent interest for the first six months or the first year. As soon as you get the card, take a cash advance. Pay it off by the time you start getting hit with interest charges. There are sometimes fees charged for cash advances so be sure to check out what they are when taking the advance.
If you own a home and have a good credit history, you can get a credit account that is attached to your home. You don't have to have a mortgage; you just have the credit account which is available for an easy personal loan whenever you need it. You are not charge interest like you would be if you had a mortgage, but only if you use the account to borrow money against your home.
If you own a business, most banks will extend a line of credit to your business if it is in good standing. If you have available credit through your business, you can make longer yourself a personal loan from the business loan account. Just pay your business back when you have the money, and your business can repay the bank loan. When none of the methods mentioned are available to you, then getting an easy personal loan may not be possible for you. You may need to find a loan through channels that are a little more difficult to use.
Posted by Brad Pitt at 5:21 AM