There are many reasons that you may need a small 2000 loan. Some possibilities include medical bills, new furniture, or even getting through to the next pay check. There are three main options for obtaining a 2000 personal loan. I discuss them here from the best option to the least desirable option.
Getting a loan from a good friend or family member is the least expensive option when the amount is this minimal. However, this can put a definite strain on relationships so be sure that you draw up a contract and spell out exactly when you will pay them back. Also discuss beforehand any interest that you will pay. When considering this option, remember that an important relationship will mean more and last longer than any potential interest or other fees associated with a loan. So, before asking for money from a friend or relative, honestly evaluate yourself and decide whether or not you will really repay the money. If there’s any doubt in your mind, don’t even ask.
The next option is one of the peer to peer lending sites that have cropped up all over the web. These sites have continued to thrive despite the economic down turn. Basically you contact a potential lender, give them your information so they can run a credit check, and let them know why you want to get this loan. They can accept you, reject you, or offer you part of the money, in which case you would need to find another lender as well. This helps them to spread the risk around. However, this is not usually a viable option if you have bad credit.
The last option, and one that I would avoid if at all possible is a payday loan. The problem with these loans is that they end up being very expensive between origination fees (up to 17% of the loan) and interest. However, they were made for people with bad credit and are therefore very easy to get.