If there’s one thing that makes the clock tick in this age and day, you can call it money. Apart from breath – literally, there are very few things that you don’t need money for. From basic needs to comfort elements, safety, health, and luxuries, the list of reasons you need money in life is endless. However, there comes a time when you need a specific sum of money as fast as possible.
Money urgencies and emergencies are part and parcel of being human in this age and day. Perhaps you need to pay your rent or the landlord will lock you out. Maybe you or a loved one is ill and you have run short of insurance. It could also be that your invoices are not yet paid but you need to keep your business going. Whatever the scenario, it can be really frustrating if you don’t know how to access money quickly during emergencies. Luckily, this piece highlights some things you can do if you really must get some money quickly.
1. Get a Soft Loan
If you are like many people, borrowing is inevitable in this life. It is one of the most obvious ways to get out of a financial fix for most individuals. However, not all borrowing options will be viable when you need money super fast.
For instance, friends and family members will often give you excuses, plus you may not be sure they have the kind of money you need lying idle somewhere. Traditional lenders are also a good go, but most of them will really scrutinize your financials before approving your application. When you need cash fast, you want to rely on a reputed lender who is easily accessible. This is why it makes sense to check out online lenders who provide different types of loans to their customers. Some of these may include the following:
- Payday loans – These are paid back in one or two months, on your payday
- Personal loans –
- Business loans –
- Title loans – you give your car title as collateral
While choosing a lender, be sure to consider the approval time, interest rates, requirements, and the flexibility of repayments among other factors.
2. Ask For Advance from Your Employer
Urgent financial requirements are normal and understandable. Everyone encounters a situation where they require immediate cash, which they may or may not have. If you are working, you have the option of requesting a paycheck advance. This is a nice alternative because it basically means the borrowed money will be deducted from your salary, with or without interest and penalties. For those who care to look, low-cost loans are also available from some employers. Rather than taking out a loan, check with your employer to see if they can get you a paycheck advance.
3. Get Rid of Spare Electronics
Every family has an electronic device lying around, either because it is no longer usable or because an upgrade was purchased. If you have one of these electronic devices in your home, it can help you get some quick cash when you need it most. It could be an old microwave, television, or even a phone that you don’t use or need. These devices can provide you with cash quickly when you require it. You should, however, be willing to sell it for a far lower amount than you paid for it. This is probably why you still have it yet you don’t really need it. However, now that you require cash immediately, it is a possible solution.
As previously said, the need for immediate cash is a typical occurrence. This has given people the idea of obtaining items from people who need quick cash while utilizing these items as protection. So, all you have to do is gather some valuables and go to a pawnshop. They will inform you how much they can offer you based on what you have brought with you. In most circumstances, you will be offered significantly less than the item’s value. This is to ensure that you repay the money that has been lent to you. Also, if you don’t, the item might be resold, allowing the lenders to recoup their losses. It may not be the ideal alternative, but it is worth considering when looking for a way out of a current financial fix.
To be honest, quick access to fast cash is not always guaranteed. However, it becomes a breeze if you are well informed and have some tricks up your sleeve. On top of the above, you could also consider tapping into your home equity or seek a car title loan.
Selling some keepsakes and heirlooms can also be a viable option when you’re a bit desperate for the money. Trading, gaming, and some hobbies could also have the power to make some quick cash. As long as the reward is worth the risk, effort, or interest, any of the above few options should help build you.