You might want to start thinking about other ways to get the cash you need right away than always going to the bank to get a loan.  The difference between getting a loan at the bank or a non-traditional method could be hundreds of dollars in interest payments and bank fees.  It doesn’t mean that every loan that you take out in life can’t come from the bank, there will be many times when the bank has exactly what you want and the fees are not too bad.  For the more tradition lending like home mortgages and auto loans, the bank probably has a program to suit your needs.

When you need money to go on vacation, pay for a wedding or buy the essentials to further advance your education, there are ways to get the money without having to hassle with a bank.  For one, you could take out a personal loan from a smaller lender.  These types of loans are normally short term and have higher interest rates.  The point of these loans is to pay them off as quickly as possible, most of the time in two years or less.  This will actually help save you money in the long run as opposed to a bank loan which may have a lower interest rate but a longer term.

Credit cards are used when you have a big purchase to make and do not have the cash to cover the expenses like an addition to a house or the purchase of a vacation home.  You can put the purchase on the credit card and pay it off on your terms, as long as you cover the minimum payment.  Most credit card companies have a card specifically for this and have lower introductory interest rates as an incentive to use their card.

Cash advance places can get you a loan in just a couple of hours if you have all of your paperwork in order and meet the criteria.  Mostly these cash advance loans are for unexpected medical bills that can pop up from time to time or a one-time event like a weekend concert with your buddies.  In either case, the point is to get the money to pay the bill now and have a small chunk of your earnings taken right out of your paycheck for a couple of months.

The one thing that you must realize when getting a loan from a bank or any other source, you have to know there is some risk involved.  The benefits of getting the money you need right away come with the responsibility of paying back your lender as quickly as you can without negatively affecting your life.  If you know right away how much money you need and how much you can afford to pay back, you are on the right track.