Is it possible to borrow money to accrue interest, and then use that interest to pay back the borrower + fees?
How can I borrow money fast?
Fastest ways to borrow money
- Personal loan from an online lender. Compared to traditional lenders like banks or credit unions, online lenders boast convenience and speed given their fully online application and funding process. …
- Loan apps. …
- Cash advance from a credit card. …
- Loan from family or friends. …
- Pawnshop loan.
How can I get loan?
If you’ve decided that a personal loan is the right type of financing for you, follow these eight steps to apply.
- Run the numbers. …
- Check your credit score. …
- Consider your options. …
- Choose your loan type. …
- Shop around for the best personal loan rates. …
- Pick a lender and apply. …
- Provide necessary documentation.
What is the easiest loan to get right now?
Easiest loans and their risks
- Emergency loans. …
- Payday loans. …
- Bad-credit or no-credit-check loans. …
- Local banks and credit unions. …
- Local charities and nonprofits. …
- Payment plans.
- Paycheck advances.
- Loan or hardship distribution from your 401(k) plan.