5 Fast And Easy Loans For Uber And Lyft Drivers
Loans for Uber and Lyft drivers might be an option worth considering in times when life takes an unexpected turn. The rise of Uber and Lyft has made it possible for people to find decent-paying work. However, there might be times when drivers can’t rely only on their income and need extra money to handle their financial issues.
This article from At Home Title Loans explores the top five quick and simple loans for Uber and Lyft drivers that can help fund financial emergencies. We will also go over how to get title loans as a rideshare driver when faced with a financial emergency.
5 Types Of Fast And Easy Loans For Uber And Lyft Drivers
Financial emergencies, such as overdue bills, medical expenses, and unexpected travel costs, can arise for rideshare drivers. Auto repairs can significantly affect Uber and Lyft drivers, as damage to their cars can prevent them from making money.
Thankfully, rideshare drivers can get emergency cash loans to help pay for their financial crisis. Title loans for gig economy drivers can allow them to borrow thousands of dollars in emergency cash. There are also other types of fast and easy loans you can get approved for in less than a day.
The following are five emergency cash loans for rideshare drivers:
1. Unsecured Personal Loans
When people think of loans for Uber and Lyft drivers, they usually allude to unsecured personal loans. These give you access to large sums of money to deal with more significant emergencies. You can get an unsecured personal loan at a traditional banking institution in as little as 72 hours.
However, it's important to note that your eligibility is typically based on your credit history and income. Therefore, the better your credit score, the higher your chances for approval. On top of that, you need to be honest about your type of employment when applying. Some banks don't consider Uber or Lyft driving as full-time employment, so keep that in mind.
2. Secured Personal Loans
If your income isn't very high or you don't have the best credit, you should consider acquiring secured personal loans for Uber and Lyft drivers. Those who've had trouble obtaining an unsecured personal loan tend to succeed more with secured options. They allow you to gain approval for relatively low interest rates since you use your car or another high-value asset as collateral.
Plus, you can generally add a cosigner (otherwise known as a guarantor) to these loans to lower interest rates further and obtain more attractive terms.
3. Payday Loans
If you’re looking for a loan for rideshare drivers that do not require good credit, payday loans are an option for you. They are unsecured loans that allow you to borrow from a future paycheck to handle urgent expenses.
You can apply online and typically receive the money you need within 24 hours. The best part about payday loans is their short-term impact. They're usually due when your next paycheck comes in. You pay it off in one go, letting you move on to your debt-free life as quickly as possible.
4. Small Business Loans
As an Uber or Lyft driver, you're an independent contractor and qualify for small business loans. They're available through banks and unconventional online lenders. Surprisingly, they often come with relatively fast approval times. However, be prepared for some major fees (depending on the terms you obtain.
For more affordable options, seek financial help through the Small Business Association (a.k.a. the SBA). Since the federal government funds and manages the association, you'll go through a much stricter application process, requiring a near-perfect credit history.
5. Title Loans
Finally, you can get a title loan online—perhaps one of the fastest loans for Lyft and Uber drivers. With a title loan from At Home Title Loans, you can borrow up to $15,000 to fund your emergency. We use the value of your vehicle to determine how much money we can lend you, letting you borrow with a less-than-average credit score.
Best title loans for Lyft drivers allow them to quickly borrow thousands of dollars when faced with an expensive financial emergency. For example, title loans for gig economy drivers can provide emergency cash in as little as one business day, allowing them to pay for expensive auto repairs so they can continue to drive.
How To Get Title Loans As A Rideshare Driver
At Home Title Loans offers some of the best title loans for Lyft drivers. We have a simple approval process with minimal requirements, allowing Uber and Lyft drivers to get title loans with fast approval.
Rideshare drivers will only need a few required items to get approved for car title loans:
- A driver’s license or state-issued I.D.
- A lien-free car title in your name
- A vehicle (car, truck, or van) for inspection.
Title loans for part-time Uber drivers can be obtained easily with At Home Title Loans. Our process is simple, with just a few steps. We even allow borrowers to get approved without making an in-store visit, simplifying the process for those with busy schedules. You can get title loans online in less than a day!
The application process is quick and easy, as you'll see from our step-by-step tutorial here:
- Start the process by using our secure online inquiry form or calling At Home Title Loans.
- If you go the online route, one of our loan representatives will call you to discuss the process, ensure you have the required items, and answer any questions you have about title loans for gig economy drivers. You will also set up an appointment with our verification to meet you at a location of your choice.
- One of our friendly verification agents will meet you at the place and time you choose to deliver your loan packet. They'll verify your car's VIN and have you sign some forms.
- After the appointment, we will email you the loan documents and request an e-signature.
- Finally, you receive the money you need later that day or the next business day.
Get Title Loans For Gig Economy Drivers – Receive Up To $15,000 Today!
When money is tight, you can turn to the best title loans for Lyft through At Home Title Loans. Whether you need to pay medical bills, fund urgent travel costs, or pay overdue bills to avoid late fees, you can get a title loan online with At Home Title Loans today.
Title loans for gig economy drivers are available to those who drive part-time for Uber and Lyft drivers. Just fill in our short online request form to get the money in less than 24 hours.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.
