Options to Consider When You Need Cash Now

If a situation arises in which you need money right away, and you do not have accessible funds to bail you out of your predicament, you will need to think quickly of a way to get the cash you need. There are a few options available when you are trapped in a situation when you must have cash immediately. Here are a few tips to obtain much-needed money when time is of the essence.

Make a Quick Sale

When you don't have enough time to wait for money, consider selling some belongings at an extremely low price. Place a few items on an online auction site or put a post on your social media site offering items to others in exchange for cash. Make sure you specify that you are looking for a quick sale, so people browsing will realize the money needs to be paid right away if they wish to buy your item.

Many online auction sites have the capability to transfer your profit to a debit card or bank account. You would need to have this account set up already to get money right away. If posting on social media, keep the sale local and meet the buyer as soon as they make an offer.

Look for a Payday Loan

If you have never had to get money quickly in the past, you may not be aware of the option to obtain a payday loan. This type of loan is a way to borrow cash against your paycheck. The loan can be obtained through a bank, or you can find a service online, like EZ Money, that can transfer funds within hours. You will need to answer some questions about your income and a credit check will be conducted. If approved, your money will be deposited into your account right away.

Like larger loans, you will have interest applied to the balance at a daily rate. The interest will be much higher, however, because of the convenience in obtaining money quickly. To avoid excessive interest rates, pay the loan back as soon as you get your next paycheck. This is a great way to get money quickly if you have decent credit.

Put Items on Hold

Look through your belongings for valuables you can bring to a pawn shop. If you have gold, silver, fine jewelry, electronics, or antique items, you may be able to get a decent amount of cash for allowing the pawn shop to keep your item while you use the money you get for your emergency. When you are able to pay the pawn shop the amount you borrowed along with a little extra for interest, you will have your belongings back in your possession.

Offer Your Services

If you need money fast, you may be able to grab a few dollars by asking people in your community if they need any work done in exchange for cash. Mowing lawns, shoveling driveways, baby sitting for neighbors, and doing cleaning or chores around someone's home may be an option. Knock on neighbors' doors asking if they need any help around the home or place an advertisement on a social media site asking friends to help with your money-making endeavor.