What To Do If You Desperately Need Money Now
Just about everyone has been there at some point in their life. That moment when you desperately need money right now. It can be scary and often overwhelming. You think you’ll never be okay again if it is really bad. But there are things you can do to scrape up some cash in an emergency. The first thing to do is not panic. I know that is a big ask, but try to be clear, focused, and calm as possible. Here at Max Cash®, we will give you ideas and options when you absolutely need cash fast and you can’t think of other options.
1. Borrow From Friends And Family Or Try A Lending Circle
This one can be hard on your pride, but if you are desperate, you have to at least ask those in your life if they can help. Your friends, maybe coworkers, and definitely family can all potentially help get you through a financial difficulty. Oftentimes, they would be more than happy to help if they knew about your situation. So don’t be afraid to reach out, even though it might scare you.
Another option that may help is going to a lending circle. A lending circle as a concept has existed for hundreds of years. A group of people get together and all contribute a small amount to a poof of money that one of the group gets each month. The person receiving the total changes each month, so that over a set amount of time, everyone gets the big pool of money once and contributes to the pool the other months.
This idea has recently been modernized and even reports to credit bureaus by Mission Asset Fund and similar companies. While it may not be immediate, if a lending circle is available in your area, you could be approved in just a few days. You do need a bank account and proof of income but that is about all. It might also be a good idea to build credit and keep going as an emergency fund before things get really bad.
2. Sell Or Pawn Any Valuables
Another difficult one, but do you own something of value, maybe even something you would never consider? An heirloom or something precious from your past can get more than you’d think at a pawnshop. It may be difficult to consider but if your situation is dire enough, you may have to part with it temporarily.
The main value of this suggestion lies in trying to take into account all of the options available to you. Especially including the things you’d never consider, like your old guitar or violin, or grandma’s wedding ring. But if things are desperate enough, you may have to consider even the things most precious to you.
You can find online options for pawnshops that allow you to ship items. Though this obviously would take longer than going to the nearest physical pawn store near you. Pawn shops are located nearly everywhere, so this remains a good option if you really need cash fast.
3. Donate Plasma Or Blood For Money
An option for those that need money and are in reasonably good health. It may not be as fast as or as much as a pawnshop, but what you are mainly parting with is your time. Your body replenishes plasma very quickly, blood at a slower rate. Usually you will only be paid around $50 per donation, sometimes more or less depending on location and any promotions they may be running.
But this makes for a way to get at least some money quickly, though most places will do direct deposit or give a check rather than pay you in cash. If that is important, check cashing places exist but they charge fees, obviously. Fortunately, plasma and blood donations that pay have locations nearly everywhere from some company or another. So this option remains as a backup almost anywhere you may live.
4. Apply For A Personal Loan
This option works well if you have at least decent credit. Most personal loans are unsecured, meaning there is no collateral to secure against it. Interest rates tend to raise if there isn’t collateral, so it can be more expensive as the risk is higher to the lender. But you can generally find one fast and get the funds quickly.
At Max Cash, we work with a number of lenders so that you can find the best deal with one application. You can have a loan offer in minutes. We have served over 4 million customers and can help you find the cash you need when you need it. So click here to apply for a personal loan if you need money and don’t have other options.
5. Get A Title Loan With Your Car
Another option if you own a car. Much like a personal loan, though your car acts as the collateral in this case. While there are options for a financed vehicle, it generally only works with a vehicle that you own. You can generally get the money from a title loan quickly. Also, note that this doesn’t just apply to cars.
Anything with a title, such as RVs and boats, can also secure a title loan. Something to consider if you own more vehicles than just a car. If it has a title, you can use it to get a loan. Though in much the same way as car title loans, if you fail to repay it, your vehicle can be repossessed. Just something to keep in mind.
Max Cash has numerous partners in the title loan business. We can find you the best loan to suit your needs and get the maximum cash for your title. Click here to start the application and you can have offers in minutes!
6. Apply For A Cash Advance On A Credit Card
If you have not maxed out your credit card, you can get a cash advance. This does come with fees and even higher interest than the card normally charges. But if you really need money fast, this can get you cash or deposited in your bank account very fast.
Max Cash also offers cash advances without a credit card. All you need to do is fill out a short form here and find your lender. If you’re approved, your funds will be available fast. So click here to start the process and get the money you need now!
7. Take Out A Payday Loan
The last option which is not available everywhere is a payday loan. Laws were changed to combat an industry that had become very predatory, so they may not be offered in every state. The equivalent interest rate is also one of the highest for any loan out there. You should choose a payday loan only if all other options have been exhausted.
But if you truly need cash fast, most payday loans can get you money in your account or in cash very quickly. It can just easily snowball and overwhelm your finances, leading to worse issues. Consider it carefully but it remains an option if you need it.
Max Cash Is Here When You Need Us
With years of experience and millions of customers, we know how to find you the best offer to suit your needs. Whether you need a credit card or various loan products, we work hard to find you the deal you deserve. Join over 4 million satisfied customers today. At Max Cash, we work the hardest to find you the max cash!