It seems most of us find ourselves in this position at one point or another – the need for money is urgent, but we’re not able to pay it back right away. So what do we do?
Panic and stress are natural reactions. Once those subside, however, you’ll see there are easy ways to make quick cash without being scammed by untrustworthy sources.
Here are several strategies that will get your hands on fast cash today and also save you from having to worry about this happening again soon enough!
Sell or Pawn Something
You can get almost all of your investment back when you sell to these agencies – plus, some will send out a replacement for you too! There’s no better time than now when we’re celebrating giving and receiving gifts. Think about selling those unwanted electronics including expensive laptops and old phones – every dollar counts!
Pawning is an easy way to put food on the table when times are tough, especially when trying not to fall into debt (better yet, pawning prevents losing what belongs to us). People often pawn items that are easily convertible like jewelry and firearms. A clever idea would be to pawn these valuables so you could use the money as instant loan without having to shell out high interest rates or being given impossible terms. With luck on your side you may even find buyers who can give what you need or want as trade – nobody wants anything if they don’t really need it after all!
Make Money in 1 Hour with Side Gigs
There are many ways for you to make money at home. You can promote a company’s products and services as an affiliate marketer. There are also other opportunities, such as babysitting jobs at your house or baking or prepping meals for others. If none of these sound interesting to you, consider data entry work- this job offers competitive pay without having to commute to the office every day!
Apply for a Fast Payday Loan Online with NO Credit Check
As many people often wonder, they’re short term emergency cash loans available for the next 14 days. They’re made instantly accessible and designed specifically to support your urgent needs, so think carefully before borrowing too much or relying on them long term; they may prove too steeply priced. You can find direct lenders who offer $100 – $1,000 instant cash with 1 hour payday loans no credit check near me.
To be eligible you’ll need to be 18 or over, have an active bank account in place – and have been repaid in full from your last loan request. To go ahead with it though, all you need is a bank account and access to reliable internet during those times of need. The lender will deposit the money into your banking within hours (sometimes even less than 24) but only after a good review process has taken place – which goes without saying pays off too many red flags about you first! So make sure this time round it happens!
Emergency Cash Loans
Payday loans are some of the most common emergency cash advance loans available – and one of the easiest to qualify for.
Short-term relief for short-term financial emergencies, such as an unexpected medical bill or travel expense, payday loans help you pay your bills efficiently between paychecks.
Through an emergency payday loan, often also available through even quicker approval online, you’re usually covered by a loan that will help you make ends meet until your next payday when the loan amount is usually due back in full.
Emergency loans not always go with three-digit interest rates. In many states, the APR is capped by the law, for example Maryland payday loans can’t excess the interest limit of maximum 33% which makes them rather affordable.
Borrow from your 401(k)
You can take a loan on your 401(k) or individual retirement account, but there are conditions. You can borrow from your IRA once a year if you repay the money within 60 days. If your employer allows 401(k) loans – not all do – you typically can borrow as much as half your account balance, up to $50,000 and you have five years to repay it. However, if you don’t make payments for 90 days then the loan is considered taxable income. And if you quit or lose your job then typically you have to repay the 401(k) loan shortly thereafter
Financial Assistance From Local Non-Profit Organizations
Community Loans can be obtained from a variety of sources. For example, NerdWallet maintains an extensive directory of alternative loans for almost 20 states that are designed to meet specific needs such as emergency funds, renting or mortgage payment assistance, or utility bills.
You can look for grants, disaster financing, emergency management and more on the Federal Emergency Management Agency (FEMA) site.
Churches also may provide small loans at low interest rates. Nonprofit associations and community centers in your area also exist and offer short-term cash loans for very minimal interest.
Talk to Your Creditor or Employer
A few options for emergency loans include negotiating hardship repayment agreements with your creditors or asking your employer for a paycheck advance. If those options don’t work, you can try getting an expensive cash advance from your credit card company; or an affordable payday alternative loan ($200-$1000) through a nearby credit union. Payday alternative loans might be worth it as they’re paid back in one to six months and the APR can’t go over 28%.
Overcome Embarrassment and Ask for Help from Friends or Relatives
There’s one way to pay back loans without having to worry about high interest rates. It’s called the First Bank of Friends and Family. So, grab a few friends (and family) who are willing to help you out – no matter what your credit score is! With them backing you up, all you need to do is meet the payments consistently; then they will continue lending their support, no matter what happens.