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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.

TIA

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Anonymous

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.
    rio_burb

    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?
    Anonymous

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

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

    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
    Anonymous

    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.
    mslksdh

    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.
    Anonymous

    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.

    Wish2Be

    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.
    GoodyBrook

    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
    My_3_Babies

    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.
    vjoaquin

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

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