5 types of emergency loans and their uses

Key takeaways Several emergency loan types, including personal loans and credit card advances, can fund urgent needs quickly — in some cases within one business day. Payday loans and title loans should be used as a last resort since they come with steep borrowing costs and may be difficult to repay. If you have a bad credit score, you may be ineligible for less-expensive options like personal loans. Knowing what types of emergency loans are available is critical to getting you the funds you need ...