What good short-term personal loan options are there, for someone who will soon have ability to pay them off? (I'm looking for names of institutions, like "X lending company", Wells Fargo, etc.)
I'm graduating from school in 2 weeks, and have accepted a very good offer from a tech company (which I'm sure they could confirm to a bank). However, I don't happen to have any money right now, and understand that I need to put a few thousand down to move to another apartment - which, optimally, I'd like to do before I start work. I asked at Bank of America, and they say they don't give personal loans (other than credit cards).
I have about $3000 in credit card debt right now (out of a $4000 ceiling), and $1500 in cash. My credit ratings are fine. This amount of money is pretty negligable compared to my expected salary. I could get another credit card, but the balance transfer fees are around 3%, which I'd like to avoid if I'm going to pay back the loan (or line of credit) in a month.
Failing that, I could always move later - I think my future employer would be okay with my starting earlier, and taking unpaid leave in a few months. I might end up doing that anyway if I don't find good housing now. I could also ask family members for a loan, but would prefer not for personal reasons (independence, pride, etc., which I'm okay sucking up if it's the best option).
A creditor is a party (e.g. person, organization, company, or government) that has a claim to the services of a second party. It is a person or institution to whom money is owed. The first party, in general, has provided some property or service to the second party under the assumption (usually enforced by contract) that the second party will...
When a central bank makes a short term loan to a member institution it is said to be injecting liquidity. In the United States, the Federal Reserve maintains a target federal funds rate for banks to loan money overnight to each other. If the lending banks are unwilling to offer enough credit at this rate, the central bank may step in and make...