By Elizabeth Nelson, Communications & Multimedia Content Producer
Daily life is expensive, especially in today's current climate. It's also unpredictable. Even the most carefully executed financial plan can experience turbulence when unexpected expenses threaten to ground your budget or crash your savings. Whether you're one car repair from missing rent or need a little extra money to replace an exhausted air conditioner, Greylock's Quick Cash is here to help - fast.
Quick Cash is a small loan that you can apply for online in as little as 60 seconds. In many cases, the money is deposited into your account right away; no credit check is required, though there is a $20 application fee and approval is still necessary. Borrow between $500 and $2,000 with a repayment period up to 24 months as long as you're a Greylock member in good standing for a minimum of three months. Details and disclosures can be found online.
Quick Cash can be an excellent option when you need immediate cash.
"At Greylock we have a lot of different ways to help people, and Quick Cash is one of them," said Jeff Lowenstein, Financial Wellness Coach at the Community Empowerment Center. "I recommend Quick Cash when the need is unavoidable and urgent and someone may not qualify for traditional lending. There may also be additional resources that our financial coaches can suggest, so it is always worth reaching out to a coach as well!"
When setting up your Quick Cash repayment plan, consider how quickly you can pay off the loan to avoid paying more interest than necessary.
"Sometimes you have expenses that don't qualify for other products. Quick Cash is fast and accessible, and when that speed and accessibility is what's needed, it's a great option," said Lowenstein.
In addition to Quick Cash, Greylock offers multiple loan products to help people meet their needs. Our coaches are available to meet you wherever you are in your financial journey - they are passionate about helping people chart a course to improve credit, grow savings, and build a budget that will help you soar through life's ups and downs.
Check out the links below for more information: