The Easiest Way To Get A $10k-$100k Cash Loan
While the title of this post may seem like this would be some sort of paid review, I am actually writing about a company from personal experience. I love to speak out about companies that I have good experiences with, because I want others to do the same.
Many of us are business owners, or people that are thinking about starting a business. Many times cash is a hurdle, and many times getting somewhere between $10,000-$100,000 is enough to overcome that hurdle. Or say you want to buy a car, dealing with your bank or a company like Capital One Auto Finance can be a huge hassle, especially if you’re not buying from a dealership, as there is a lot of back and forth.
When I was buying my Dodge Viper, I was also selling my Corvette at the same time. Since I wanted to pay cash for the Viper, I also wanted to make sure I had a safety net of money in case it would take me longer than I thought with my Corvette. I started to look for a loan option with a low APR, and came across a company by the name of First Again. The concept behind this loan company is awesome, and here’s why:
- You can only get approved for a loan if you have excellent credit
- Since they only accept people with excellent credit, it enables you to get way lower rates. I got at least 3% lower than what I could find for a used car from an actual person.
- It doesn’t matter what you use the loan for. You can use it to finance your business, buy a car, pay your credit card bills, do home improvements, etc. They call it an AnythingBill.
- Your loan comes in the form of cash. You don’t have to get a check to write out to a particular person or play any sort of waiting games.
- If you apply for a loan, and get approved, they transfer money to you right away. I literally applied for a $10,000 loan, got approved, and the next day I had $10,000 extra in my bank account. This was a huge selling point for me.
- There are no fees for paying the loan off early. I ended up selling my Corvette two weeks after getting the loan…I simply paid off the total loan right away, ended up paying that first months interest, and that was that. It was quite cheap for the peace of mind that I took the loan out for.
This was by far the best loan experience I’ve ever had, and I can easily personally recommend First Again for your next loan.
If you have any other companies that you recommend, post a comment and let me know (let me know why as well)…or if you’ve used First Again, let me know your thoughts.
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Giant
04/29/2008 4:40 pmSo, if you aren’t getting paid for this, why are you using referral links? Why not a direct link to the site?
David Pitlyuk
04/29/2008 5:31 pm@Giant – I said I wasn’t getting paid to write the review. Meaning First Again did not ask me or pay me to write the review. I was simply writing because I had a good experience, and I used affiliate links to link to their site.
If they had paid for me to write a review, I wouldn’t be using affiliate links more than likely.
Derek
04/29/2008 9:43 pmThanks for sharing your experience Dave. My wife is in the early stages of developing a business plan and doing market research, so I will keep this in mind if we get to the point of needing funds.
Vending Machine Man
04/30/2008 5:03 pmHey Dave, glad you had a good experience. Another site is Prosper.com…I know you’ve seen it. It would take a little more time, but would be worth it if you needed the money longer.
David Pitlyuk
04/30/2008 5:34 pm@Vending Machine Man – I’ve used Prosper before (as a lender). In this instance, something like that would have taken too much time. One of the major benefits from First Again was that I literally had my money the next day, which is what I wanted
Lora
12/25/2008 9:06 pmI own my home outright, have a profession and owe nothing. I got turned down for a $10,000. auto loan.
David Pitlyuk
12/25/2008 9:07 pmWeird, do you know what your credit score is by any chance?
Lora
12/25/2008 9:11 pmNo I do not. But I have never been turned down before for any loans or credit cards.
David Pitlyuk
12/25/2008 9:14 pmNot sure what to say, but I’d recommend checking your credit report and making sure nothing is wrong on it. You can check it for free once a year from freecreditreport.com. My experience with FirstAgain was flawless, and I definitely don’t own my home outright. I know for a fact that my credit score was higher than their cutoff though.
Lora
12/25/2008 9:35 pmSure as long as you give up a credit card for a free trial.
Lora
12/26/2008 5:16 pmJust thought I’d let you know my credit scores are 795 and 815. The used car dealer that got me 5.44% showed me.
David Pitlyuk
12/26/2008 5:17 pmDefinitely odd….you should easily qualify for FirstUSA I would think.
Lora
12/30/2008 9:19 pmToday I signed in to see the reason I was turned down. Insufficient incom, I made $28,300 last year working part time.
David Pitlyuk
12/30/2008 9:21 pmAhh that could be it. Is that your entire household income? How much were you trying to borrow? There is a borrow-how much you earn ratio that any loan company will use to approve/disapprove you.
Lora
12/30/2008 10:12 pmRemember the home is paid for. I had no problem obtaining financing at a lower (5.44)rate.
David Pitlyuk
12/30/2008 11:37 pmOh I totally understand, unfortunately I’m not the one that makes the decision
But I’m sure they have some computerized threshold that they look at that automatically just says no if the formula doesn’t match up.
If anything I’d try to and talk with a loan officer if possible to try and explain extraordinary situations like yours.
Lora
12/31/2008 6:39 pmRead the statement I made twice about obtaining a loan immediately at a lower rate.