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Get a 500 Dollar Loan | Get a 500 Loan

Get a 500 Dollar Loan

You want to get a 500 dollar loan and you don’t know how to do it. Relax; getting a $500 loan is very simple.  We will walk you through the process. There are two types of loans you can get. You can borrow $500 on a secured loan or on an unsecured loan. A secured loan is where you put up some collateral like the title to your car for the money. If you do not repay the money, the lender will take your car. An unsecured loan is where you put up a promise to repay the loan.

When you put up your car as collateral, the lender will look at your credit history. Your credit history is how you have paid the bills in the past. This is given as a numeric score. The higher the number of your credit score is the better the interest rate you can get. The interest is the money the lender makes on letting you make use of his money. If you have a high score you will get a good interest rate. If you have a lower score you will pay more to be allowed to borrow the money.

To get a secured loan, you will need to fill out an application, prove that you own whatever you’re using as collateral, and document a job or other income.  The lender will send you paperwork and you will sign the paperwork. When the lender gets the paperwork back properly signed, the lender will give you the money.

A 500 unsecured loan is easier to get. This lender is not concerned about your payment history in the past. The lender is more concerned about the ability you have to repay the loan today. The lender will want proof that you can repay the loan. You will need to supply a pay stub if you’re employed, proof of retirement or disability income, or proof of any other form of income you will use to pay back the money. Once you and the lender have come to an agreement on the cost of the interest, you wil fill out an application.  The lender will send you some documents. You sign the documents and return the documents. If the documents are properly signed, you get your money. It really is that easy to get a 500 dollar loan.

To find these lenders, you can look in the classified section of the newspaper under money to loan.  You can look on local bulletin boards.  Or you can save lots of time and go to the internet.  In your favorite search engine, you type in money wanted.  You will be given many websites that have lenders looking for you.  Some of these websites are operated by one lender.  Some of the websites are hosted by a money broker.  A money broker is someone who will send your application to five, ten or twenty different lenders.  You fill out the required information; the lender will contact you and tell you what the lender can do for you.  Then you just pick the 500 dollar loan you want.

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