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$1,000 Loan

I was wanting to know if anyone could give me ideas on how to go about getting a $1000 loan. It would be a personal loan, we are moving and need just enough to get us by. Please don't bash, I have no idea on how to do these things, never had to deal with this type of thing, we are just strapped financially. My husband is taking on a 2nd job, he is reserve and works at Wal-mart but will be doing a security job on the side, but that doesn't start until a couple of weeks from now and we need the cash now. I would rather not have a payday loan.


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Asked by Anonymous at 3:34 PM on Mar. 25, 2011 in Money & Work

Answers (10)
  • If you have a 401k, you could borrow from it.

    Answer by rio_burb at 3:36 PM on Mar. 25, 2011

  • He does through his job at Wal-Mart, but how do we go about doing that?

    Comment by Anonymous (original poster) at 3:37 PM on Mar. 25, 2011

  • The walmart human resources manager should be able to direct you.

    Answer by mslksdh at 3:39 PM on Mar. 25, 2011

  • Thank you. Dumb question, but do you think it will make his employer mad if we did that? Like I said, we have never had to do this before and not sure how to approach these things lol. Thanks

    Comment by Anonymous (original poster) at 3:41 PM on Mar. 25, 2011

  • As far as I know his employer has no say regarding the 401k. So they would not be able to be mad.

    Also this is NOT a dumb question!!! No one ever explains how to do these types of things. Personally I think it should be part of a job orientation.

    Answer by mslksdh at 3:48 PM on Mar. 25, 2011

  • Thank you so much. It would be really nice if they did explain these types of things, it's very confusing.

    Comment by Anonymous (original poster) at 3:51 PM on Mar. 25, 2011

  • If your DH has only been working at Wal-mart for a short time....he may not have the $1,000 in it yet. I would suggest going with your bank to see if they will do the loan with you. You may need to put your car up for collateral.


    Answer by Wish2Be at 3:55 PM on Mar. 25, 2011

  • Call your local bank where you have your checking and saving accounts, and ask to speak to a loan officer.

    Give the details over the phone, and they'll let you know the rate and pay-back time for the loan you're looking for. Paperwork generally costs $35 or so, so make sure to ask the cost of that, too.

    Answer by GoodyBrook at 4:04 PM on Mar. 25, 2011

  • If he is military reserve you can go through acs and get the loan with no fees. They will just take out a small amout each month from his pay until its paid off. If you need more info you can PM me

    Answer by My_3_Babies at 4:04 PM on Mar. 25, 2011

  • DO NOT take a loan from the 401K! That is a horrible idea!

    Go to a credit Union bank and take a small loan personal loan from them. Very easy, low interest rates.

    Answer by vjoaquin at 11:25 PM on Mar. 25, 2011

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