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Unsecured loan: Like the name goes, this loan doesn't require you to give any kind of security against the loan. You can get an unsecured loan only for small amounts and it is issued only if you have a good credit. Since there is no security with the bank or moneylender upper cross street, the interest rate is higher than that of a secured loan.
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For meeting the quick money requirement, you depend on your friends or relatives, because they seem to be the best solution of finance in unorganised manner. If these lenders are not able to pay the money, then you have to depend on the unorganised lenders because they can provide money in minutes without any lengthy procedure and without any complex procedure of securities. They can get money with the help of fast check cash scheme. In this scheme the person can get money in few minutes with a simple procedure in any kind of emergency.