Need Cash Now? 5 Reliable Options

Regardless of the circumstances, being without needed cash can be very distressing. Find out five ways to get cash nowhere.

Do you need to get cash now?

Looking for ways to get the money you need fast?

Very few things can be more stressful than being without cash when you need it for an important expense or obligation. If you find yourself in need of cash quickly, however, you may not know where to turn in your time of need.

Luckily, there are ways to do it. Below we’ll tell you about the 5 best options for getting cash quickly.

1. Consider Taking Out a Personal Loan

One of the best ways that you can get cash quickly is to apply for a personal loan.

Not all personal loans will allow you to access the funds quickly, but some will. You’ll need to check with each individual lender and read the fine print if you want to know what to expect.

Some personal loans will require collateral while others will be unsecured and you’ll usually need to have a minimum credit score. You may also need to prove your income as well.

2. Work With a Payday Loan Lender

Similar to personal loans, payday loans are another good option for getting cash quickly. These loans are a bit different than other personal loans because your loan will be tied to the amount you’ll be getting from your next paycheck.

Payday loans can be useful if you need money fast, but they can be risky. Interest rates will be higher and you’ll typically have a short amount of time to pay back the lender. However, if used wisely payday loans can be a great way to get money fast.

You may want to check out Bonsai Finance if you want to find a great payday loan lender.

3. Get a Credit Card Cash Advance

Nearly every credit card company allows cardholders to get a cash advance when needed using their credit line.

A cash advance can be a great option for getting money fast and you may simply need to go to the ATM to withdraw your money. You may also be able to get cashback from a retail store when making a purchase.

Be aware, however, that there is often a cash advance fee and the rates on cash advances can be higher than on your regular credit line.

4. Pawn an Item of Value

Another option for getting money fast is to pawn an item of value. Pawning an item can be a great way to get money fast, but like some of the other options on this list, it can also be risky if not done right.

To pawn an item, you’ll simply need to take it into a pawnshop to have it appraised. The pawn shop will give you a cash loan based on the value of your item and they’ll keep the item until you pay them back.

Pawnshop fees can be very high so it’s best to only pawn an item if you know you can pay it back quickly.

5. Phone a Friend

While your pride may take a hit by going this route, often the best way to get a bit of cash in a tight spot is to ask a friend or family member for help.

Chances are that there’s someone out there that would be willing to help you out if you’re truly in need and if you’ll be sure to pay them back quickly.

Taking a loan from a family member or friend can put a strain on a relationship, however. It’s a great idea to treat it as a real loan and to create a payment plan to ensure that your relationship doesn’t suffer.

Using These Tips to Get Cash Now

If you need cash now, you should be happy to find out that it’s possible to get what you need. You’ll need to be responsible if you use any of the options above, but if done right, you’ll find that it will be easier than you think to take care of your financial needs by getting cash quickly.

Looking for more financial tips? Start exploring our blog now to find more useful advice.