Alright, so you missed a rent payment …or four. And you are realizing that your credit score is taking a hit as a result. Let’s say hypothetically, you need a personal loan to launch a new company that’ll make you a multi-millionaire overnight. Lucky for you, there are still several ways to receive a loan.
Try a credit union/family member
You probably did not expect relatives and credit unions to be listed together. Both may serve as a more personal intermediary to receiving money. Credit unions are owned by their members, rather than profit-driven shareholders and may be more likely to lend you money; borrowing money from a family member may incentivize you to pay it back because you do not want to ruin a relationship, and hopefully, they will be more inclined to lend you money in the first place.
Get a cosigner
If you know someone with a strong credit score, they may be able to sign a loan for you. The better the credit score means the less money you will have to pay.
Get a secured loan
You will need to borrow against a previously held asset (property or thing owned by a person). This could be, but is not limited to: your car with an equity car loan; your retirement account with an IRA -Individual Retirement Account- loan.
If you are still uncertain about how and where to get a loan, then check out Vola. We look at a variety of personalized metrics to give you a score that you can work with and start taking out loans right now.
Vola Finance can advance you up to $300 at NO INTEREST. Vola Finance can make sure your bank balance does not get too low and alert you before it does so that you don’t pay overdraft or NSF fees. Furthermore, Vola Finance breaks down your spending pattern to help you budget your upcoming expenses and find ways for you to save.
Vola supports over 6000 banks and credit unions and uses one of the nation’s largest bank connection providers to securely establish a link to your account.
Vola is transparent. There are NO HIDDEN FEES Vola operates by charging a subscription fee, there are no other charges. If the features offered by Vola are not compatible with your bank or phone, Vola Finance will refund you your subscription fee.