How Soon Can I Get Approved For A 5000 Dollar Loan?

Where Borrowers Find Loan Approvals

How Soon Can I Get Approved For A 5000 Dollar Loan?

This consumer has left his money issues to the very last minute. It would surprise readers if they knew just how many people do this and then find out that they either cannot get a loan or that will will cost them additional fees to expedite delivery of the loan funds to meet their demands.

He needs to be approved for a loan today and he needs the money by tomorrow so that he can pay the balance in full on his credit card to avoid paying the high interest charges that are levied on overdue accounts and balances. He wants to know if he can be approved and how soon he can get the money?

The answer to his first question is that he probably will not be approved today since we need more information from him. Assuming he is able to send the info we need and we are able to check his credit rating etc. he could be approved within 24 hours.

H also wants his loan amount sent to him and to be in his account by  tomorrow, which also is unlikely since he left it so late. Typically it takes 24 hours to transfer money once the loan is approved. In some cases depending on the bank it can take several days to clear. If he were approved now, and he was willing to pay the fees, some banks will expedite the transfer, however he is clearly not in a good position at this time.

Our consumer will likely be approved for his $5000 loan and will receive his money within a few days. In the mean time, he should pay the minimum amount due so that his credit rating does not reflect a missed payment. Once he receives the funds from his loan, he can them pay the balance in full on all of his various debts. There will be some extra interest, however this is really the only solution available to him at this late point in time.

Many consumers tend to avoid dealing with financial issues that they are uncomfortable with or that they know will be difficult for them to deal with. This often leads to missed opportunities and increased expenses. Consumers are better off to deal with debt and loans immediately to reduce the overall interest and fees that they may have to pay other wise. It also demonstrates to the lender that they take their finances seriously and they will have a higher confidence that the loan will be repaid. This is important when it comes to being considered for a loan and also the eventual interest rate that will be charged on the loan. Low risk borrowers are always given more leeway by lenders and often better deals. Don’t procrastinate, get your financial affairs in order now.

DEFAULT LOAN APPLICATION FOR BORROWER’S INFORMATION

Home/Mortgage Loan Amount :: $5000

Home Loan Application and Processing Speed (when do you need the funds):: I need a $5000 loan really quickly and want to know just how soon I can be approved and have the money in my account?

Do you currently have a mortgage? :: No, I rent a home right now, although we want to purchase a home sometime in the future

Bank Name and Branch :: Bank of Colorado, Edison Ave

What City/Town, State and County do you live in? :: Colorado Springs, Colorado

Zip :: 80915

What is your employment field? :: Tourism

Employment Position :: Bartender at a local restaurant

When are you paid? (monthly/weekly/biweekly):: biweekly plus nightly tips

Your credit rating to be – excellent, fair, or bad? :: I am not sure what my credit rating is

How did you find us? :: Looking for companies online that offer fast loans for people who have emergencies

How are you paid? (direct deposit/paper check):: combination of direct deposit and cash from  tips

Gross Amount Per Paycheck :: $1200

Do you agree to have this information published online, without your PRIVATE information of course? :: Sure no problem, maybe my information will help other people who need loans as well as me

Extra information here please (some detail):: I have basically procrastinated and left this loan thing to the last minute. I should have applied for a loan a week or even two weeks ago and paid my overdue credit card bill. Now if I do not pay it tomorrow, not only will I pay a lot of interest at 19%, but I will have missed a monthly payment which will not look good on my credit rating. I have no idea what the level of my credit rating is, but I am sure it is not that good since I have a number of credit cards and small debts that add up to $5000.

I can send in the minimum payment which will avoid missing an actual payment, but was hoping I could actually get the loan in time to pay off the entire amount and avoid the interest charges. Can you let me know if I can be approved today and have the money in time to meet the due date for payment on my credit card which is tomorrow?

The other debts are small and I have lots of time on those. Basically they are small loans and small credit card balances that I have outstanding. All of them are under $500 and the total of all debts add up to $5000!

Note to Lender :: Regarding my income, I make an average of $1200 a week from tips and minimum wage. The tips at this bar are really good and we have a very busy bar area and restaurant. Now that I have my act together, I know I can pay off this small loan in less than a year. I will have more than enough money to pay the loan, the interest and also my regular payments such as rent and utilities. I have an old car, but it is fully paid and in good working order. With any luck I will not have to spend any money on it this year.

How fast can you approve the loan I need? How soon can the money be in my bank account? and how much is this loan going to cost me? Appreciate a prompt response.