subject: Personal Loans For Military - Can You Get Your Money? [print this page] Are you a member of the military and you need some money to help you get through? Do you need a sum of money that does not require you to put up any collateral? There are a few good options for personal loans for military and you should know what you can get. Here are some of your better options.
If you have good credit, then you are set and your bank will lend you money. One of the things that banks like about loaning to the military is that it is safe. You have to pay your debts because they will not allow debt collectors to come on your base for very long before they take your money and pay them for you. This gives the bank security and they will do the loan for you.
If you do not have such good credit, then you still have options. Try your bank because they may still want to lend you money, but if they do not, then you can use these options.
You can use Prosper, which is an online lending marketplace. You place a listing and individual lenders are allowed to bid on your loan. They can do a loan up to $25,000 and there are a lot of groups on Prosper that cater directly to the military. This is a good option for a good rate and good loan.
You can also go to a non conventional lender like American General and they will help you out. They will require that you have something on your credit that you have paid on time for at least 6 months. This could be a credit card, a car, or any other type of loan or financing.
Your last option is for emergencies only, but you can get between $100 and $1,500 the same day with a payday loan or cash advance. This is the easiest of personal loans for military to get. You can get the money quickly, but you need to know that it has to be paid back within 30 days and you will have to pay it back or it will ruin your credit.
Personal Loans For Military - Can You Get Your Money?
