When you need money in a hurry, there is often not a lot of options for you to choose from. If it is a very small amount of money, you may be fortunate in that a friend or family member could provide you with the funds you need. However, if you need a larger amount of money in a short period of time, you may find that you are going to have to look for something a bit more formal.

This is where things can become difficult because finding a quick loan isn’t the easiest thing in the world. Even if you have a good credit score, you’ll find that traditional lenders are not too keen to provide you with the funding you need in a hurry. Banks are looking for applicants to fill in a number of forms and these will be vetted closely. This means you can wait an awful long time to hear whether you have been successful with your loan application or not.

Don’t worry about having a poor credit rating

If you have poor credit, you’ll find that it becomes very difficult because banks are not looking to loan money to people with poor credit history. This means that you will need to look elsewhere for the short term funding that you need and it may be that a guarantor loan is the smart option for your needs.

With a guarantor loan, you can obtain finance at an affordable rate. This is due to the presence of the guarantor. However, if you are in a position to provide all of the information that the lender requires at short notice, you may find that your loan is approved on the very same day. It may even be that you can receive the money into your account on the same day. Yes, there are same day guarantor loans on offer that can help you get your finances back on track.

You shouldn’t rush into a loan but there are some factors that may leave you needing money in a hurry. Some of these reasons include:

• If your car breaks down or it needs repaired urgently
• Your boiler breaks down
• Your door or window has been broken into

Anything which outs your normal day to day life into jeopardy is a reason to receive money in a hurry, and this is why a guarantor loan provides such a smart option. If you need help in a hurry, be sure to check out a guarantor loan as it may be the best option for your needs.