The phrase “I need money now” is one you can hear a lot from everyone who is in an emergency. In theory, it is good to have emergency savings to rely on, but the reality is usually somewhat different. So, if you are unsure of where to find the cash fast, here are some legitimate ideas that may help. Some of them are faster than others, and we will take a closer look at each of these ways below.
Sell Valuable Stuff
The first thing that comes to mind when answering “I need money now Filld.com” is to look for what you already have and try to sell the items you no longer need. That may include different things from casual clothes to designer toys and art collectibles. However, there are some of the most profitable stuff to pay close attention to.
1. Sell your Clothes to a Thrift Store
Even though there are a lot of places to sell items online, you may need more time and effort to take clear photos of the clothes you want to sell, list them, and complete the transaction. The fastest option to use is dealing with thrift stores.
You can find a small-business store near your city or a shop with a nationwide presence like Urban Renewal or Goodwill. The company will generally pay cash in around one hour if it likes what you have on offer. In case you have the kids growing, you may try to use the Once Upon A Child chain if there is a shop near your location. With that, you can get paid for clothes, shoes, toys, and other things right at the point of the sale.
2. Sell Electronics to a Pawn Shop
If you possess any electronic device, musical instrument, or a range of other sought-after gear that you no longer need, try to sell them to a local pawn shop near you.
But what to do when you are unsure of what to sell but need money now? There is an option to get a few hundred bucks by keeping your item as a collateral pledge until you can repay it. However, you will need to pay fees for pawning any item, while selling it directly will come with no strings attached.
3. Sell Jewelry or Other Valuable Metals
Chances are you have a local coin store near your city that specializes in buying gold and other valuable metals. Bringing old jewelry to the shop may be a fast way to get a decent amount of money to cover your unexpected expenses.
However, when somebody is in the “I need money now” mode, that’s where shady operations usually come up. So, before agreeing to a low offer on a potentially valuable item, it would be a good idea to find a professional appraiser to check everything out.
Take a Short-Time Loan
For those who struggle with financial issues, short-term loans can be quick and easy options to choose from. While there are a few requirements to qualify and fast funding, be careful of high-interest rates that usually go hand in hand with these types of loans.
4. Look for a Payday Loan
A payday allowance is a financing option that allows users to get a small amount of money (typically $500 or lower) in a very short period (around 2 weeks) https://paydayloansonlineresource.org/payday-loan-direct-lenders/ . Most payday lenders don’t review hard credit checks, meaning there is an opportunity to qualify even if your credit score is less-than-perfect.
However, keep in mind that a payday loan is one of the costliest ways to get cash fast. Before agreeing to get one, consider the costs you will pay and the potential risks you may have if you fall behind payments on your allowance.
5. Consider a Credit Card Cash Advance
Apart from payday loans, you can also use your credit card to get an urgent loan by either making the purchase online (Buy Now, Pay Later service) or getting a paycheck advance. In both cases, you will need to pay the card balance, but in the case of cash advances, you will generally have higher APRs than in traditional credit purchases. Make sure you pay your payments on time to avoid affecting your credit and extra financial penalties.
6. Borrow From Family
You may get help from your family or friends if you consider some alternative strategies that do not involve taking out a loan officially. This can be not only the fastest option to use but also the cheapest one. However, in some cases, mixing finance and family can be risky. So, it is totally up to you whether it’d be wise to turn to family members.
Other Popular Ways I can Do If I Need Money Now
In addition to these six ideas, try a few other popular ways if you have more time. In this way, you may start a side gig to make some extra cash fast. Find out what skills you have, what you are interested in, and what other people are willing to pay for. Based on this, try to find several suitable options to apply for.
Also, you may look for local assistance agencies, including different government programs, nonprofit organizations, and other crowdfunding platforms created to help those who are in need. You can turn to your local Department of Health and Human Services for advice. They generally suggest different resources and require no payments from you.