In the light of the economic tsunami that had hit the United States a few years ago, it is becoming extremely tricky to obtain short-term personal loans in this country. To begin with, banks are not in favor of issuing personal loan without collateral while private lenders would not entertain any loan application without credit check. In fact, you should not pursue your proposal if your credit rating is less than 600 point for the simple reason that it would be summarily rejected. The only option, left before you is either to apply for cash advance based on your credit card or go for Payday Loan which is the easiest.
As for the latter, you can apply online and if approved (99% successful) get your loan money ($100 to $1500) wired to your checking account within the next 24 hours. To qualify for the Payday Loan, you must have a checking account, have a steady job, earning at least $1500 per month, be a US citizen and aged 18 years or above. The biggest advantage about the Payday Loan is that here nobody bothers about your credit check. Even if your credit rating is at its lowest level, you can still avail of the personal loan. What is more, no collateral is ever asked for supporting your loan. But remember, the sting is in the tail. For loan duration of one month or till your next payday, you will be charged a loan fee varying from $10 to $30 for every hundred dollars borrowed from the lender. Now, don’t fall down dead if you take a peek at the APR which, computed accurately register 782.14% or more!