It’s a sad fact, but only 49% of Americans have 3 months’ worth of emergency savings. Even worse is, 25% say they have no savings at all!
If you barely have savings (or none at all), hitting something unexpected can really put a strain on your finances. Something as little as a flat tire to something as big as an emergency hospital stay can have you stressing out for cash.
But you should stop wondering how to get fast cash now. Read on to get some quick solutions!
Get a Loan or Gift From Family and Friends
One of the first places you should ask is your family and friends; that is, if you feel comfortable doing so. Some people don’t feel like relationships and finances should mix, and that’s perfectly fine. There have been many conflicts that have arisen from issues with money, after all.
But if you have a strong enough relationship with your mom, sibling, or best friend, they’re one of the best ways to get cash. If they’re not doing bad financially, they might just give you the money without expectations of repayment. And if you need to repay Trthem, the terms will be very loose and often, there’s no interest involved.
Sell Your Items
Take a look around your house to see what you have. Selling a few pieces of brand-name items or high-value books, video games, or electronics can raise some cash quick!
Do Odd Jobs
If you like to earn your cash, then offer to do odd jobs for your friends, family, and neighbors. If you need money immediately, consider asking them for an advance and making good on the odd job later.
Get a Personal Loan
There are 2 types of personal loans: unsecured and secured. Unsecured loans require good credit since you’re not putting down any collateral.
If your credit score isn’t good enough for an unsecured loan, try for a secured one. Credit score requirements are lower, as well as interest rates. However, if you’re unable to pay back the loan, your collateral is taken.
Also, personal loans involve lengthy processes and the cash isn’t as quick as with other methods on this list. But usually, you’ll be able to borrow a higher amount.
Try a Title Loan
Do you have a car? Then a title loan can be a great option, especially if you have bad or no credit!
A title loan with no job is also possible. This is because you’re trusted to pay back the loan amount, or you’d lose your vehicle.
So if you’ve been turned away for conventional loans because of your credit score and unemployed status, car title loans can save your skin. Just make sure you pay them back in time or else you’ll be left with no car!
Know How to Get Fast Cash Now
The next time you’re thinking, “how to get fast cash now,” you now have a fantastic list to refer to. We hope you’re never in such a bind that you need to immediately have access to cash. But if you do, we hope this list will save you in a pinch!
To read more about finance, check out our other blog posts!