If you have heard the radio commercial promising $5000 instant cash loan with no hassle and with only a signature needed, you may be wondering if it is legitimate. The company on this radio commercial is Western Sky Financial, and they are legitimate but very expensive. According to Western Sky Financial, you can get up to $1000, $5000, $10,000 with no hassle and no credit check. Their latest commercial says you can get this loan on just your signature. If you are desperate for quick fast emergency cash, this may be a feasible option for you, however, you have to understand that borrowing money from Western Sky is very expensive.

Two points you should consider:

Very High Interest Rates

The interest rates for Western Sky can get ridiculously expensive. For example, if you borrow $5000 quick instant cash from them, you enter into a repayment plan that could have you paying back over $40,000 once it’s all said and done. If you plan on borrowing from Western Sky, then you should make sure you calculate the amount you will have to pay back very carefully. Look at the total amount and ask yourself, ‘is it worth it?’ If the answer is yes, then they are an option for you. Always make sure you read their contracts very carefully before signing anything.

Indian Sovereign Nation

Unless you are familiar with dealing with sovereign Indian nations, then you should probably find another alternative. Western Sky is owned and operated by a sovereign Indian nation and their personal loans are governed by their laws. If this is not something you want to deal with, then it’s perhaps in your best interest to find another option.

Try to Find a Cheaper Option

1. Try getting a 10 dollar payday loan which only charges $10 for every $100 you borrow, so the interest is capped.
2. Try borrowing money from your friends or family instead of going through a company that’s going to charge you a high interest rate.
3. Try dialing 211 from your telephone. This number is for emergency social service in your state. If you are in need of food, shelter, clothing (rental or mortgage assistance), call 211 to see what help they can offer you. 211 is available in only 39 states, so check 211.org to see if it is in your state and see what services they offer.

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