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Life is well known for throwing us curve balls, and when these emergencies come without us having enough money in the bank to cover it, we have to find a way to afford them. This is where same day loans come in to play, they can get us money very quickly, without much hassle, to cover unexpected emergencies. In this article I want to show you some of the different types of these loans so that you know which to choose on a moments notice. Knowing which you will be able to get approved for is the easiest way to speed up the borrowing process.

Payday loans are the most common way to get cash the same day. In order to qualify for a loan like this, you'll have to have been at your current job for over six months, make a grand a month in net income, have a checking account, and be over 18 years old. Online loans will deposit the money directly into your checking account and local loans will cut you a check that you can cash right there. Payday loans are generally repaid in two weeks, but each lender will have their own specific terms. You may be able to extend the time of your loan, but keep in mind that it's going to cost you more each day that it remains out since interest is being applied.

Title loans are another style of same day loan. These loans are secured and use the street value of your car to get you cash. Title loans are not available online because your car has to be evaluated by the lender, but you may be able to start the application process online to speed up your time at the loan office. Since these loans use your car's value as collateral, you may be able to get a much larger loan. Also, their payment terms are much more flexible and you may be able to repay the loan over multiple months, instead of all at once. Most lenders will require biweekly payments, but some do offer monthly payment programs.

Same day loans are fairly easy to get. The options discussed above do not require credit check, so you can get the fast cash you need even if you have less than stellar credit.

Emergencies pop up all of the time. Once you know what kind of loan you're going to be able to get approved for, your reaction time for your emergency will be much shorter, getting you money even faster.