Installment loans and Personal loans are other loans offered by storefront and online loan establishments. They also meet the Emergency Loan guideline since applicants do not have to wait for the normal processing times that a bank or other financial institution requires. These loan options do not require any collateral or security from the borrower to secure the loan. Installment loans operate in a similar manner as loans online that are marketed as Payday Emergency Loans. They are typically divided into payments that coincide with direct deposits from an employer.
Car Title Loans are often available to applicants who are ineligible for a Personal Loan or other type of Cash Advances may be eligible to qualify for a Car Title loan. Most states require that a vehicle used to obtain a Title Loan has no other lien holder on record. The vehicle can still be kept by the borrower, but the title remains with the storefront loans operation that originated the emergency loan. Some Cash Advance Loans are processed with other forms of collateral, and borrowers can provide anything of value for the lender to appraise.
