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If you have a bad credit record, there are not many places where you can get cash loans or credit. Banks are definitely out of the picture if your credit record is considered high risk. You can turn to your spouse, friends and relatives and they may entertain your requests for the first time but subsequently, you will realize that relationships and money don’t go together.

Indeed, if you value the relationships, don’t request for money unless the payment terms are stated out clearly and you honor the payment. The next avenue for you is the payday loan or cash advance companies. Or try out this site, ThinkCash. It is a short term, personal loan company which lends amounts from $250 to $2,500 for times of emergencies or shopping craze.

Their rates are 25 – 75% lower than payday loans and they have flexible payment options. You can opt for installment loans or pay off completely at any time (if you have the money) - with no penalties. No prepayment penalty is charged, in fact, paying down the loan early is encouraged for you to lower your cost. However, if you make a late payment or skip a payment, there are additional fees.

Application of loan is simple, just file the application online and the money, once approved, will be wired into your bank account the next business day. The loan cost is based on the loan amount approved. It ranges from $1.00 per day per $100 borrowed (365% APR) for small, short term loans to as low as $0.24 per day per $100 borrowed (87% APR) for larger, longer-term loans. These large loans are usually reserved for “good” customers.

Don’t worry if they restrict their loan amount for the first application. The amount you are offered, finance charges and interest rate will depend on your application information, your credit scores, and your payment history with ThinkCash.

To qualify for a loan you don’t need to be employed, but you must have a regular source of income, that is you can be a self-employed businessman, free-lancer or independent contractor. At ThinkCash, there are no hidden charges or fees – you only pay interest for the time you keep the loan.

They have structured their loans so that customers pay less than $100 per payment (based on biweekly payments). Of course, the actual repayment is determined by pay frequency and loan amount. Your loan payment schedule ties in with your pay dates to prevent defaults. For example, if you are paid monthly, you will make monthly loan payments and if weekly, it will also follow likewise.

All payments can be made automatically, so you don’t have to mail a check or remember payment dates. While ThinkCash’s rates are lower than most short term lenders, they are still an expensive source of credit, the debt should be treated with respect and eliminated at the first chance, rather than accumulating beyond your means.

In this day and age, businesses need immediate access to funds to seize opportunities when they arise. Banks are usually the first source for loans but if they would not fund your businesses, where do you turn to? Actually, there is still another avenue known as hard money lenders.

The frustrating situation with banks has led to the growth of hard money lenders who are ready to accept higher risks and extend loans immediately. A hard money loan is a real estate mortgage collateralized against the quick-sale value of the property for which the loan is made.

Interest payments may be higher than usual to protect the lenders’ interest considering most customers have bad or low credit. One of the best sources for nationwide hard money lender is LV Hard Money. They offer commercial as well as residential hard money loans.

You eliminate the hassle of conventional financing, need not worry about the brokerage charges, as they are direct lenders. They can help you stop foreclosure, and could also cash out refinances. Moreover, you will experience a prompt delivery of cash. The most impressive is that the purchase loan is based on your appraised value and not on purchase price.

All you would need to do decide, simply fill in their online form and they will do the rest. They would get back to you and guide you with the entire procedure. I browsed through the site, especially Florida hard money and found it very easy as a consumer.