A financial emergency may often create a lot of stress for the family. When you need money now to cover the unexpected medical bills for your child or pay for an urgent car repair, you may not always have the necessary cash on hand. According to the Bankrate survey, 28 percent of Americans don’t have any emergency savings, while over 60 percent experienced a financial emergency during the past year. Where to escape if I need money now? Here are the best solutions for you to select from if you need to borrow money in order to solve temporary financial issues.
Use Your Credit Card
What can I do if I need money now for free and fast? One of the options is to take out a cash advance or use your credit card. There is nothing difficult in going to the nearest bank or ATM, where your credit card will be charged and you will be given some cash in return. Also, there are certain credit card issuers that allow the borrowers to transfer the money directly to their checking account. However, if you need money now bad credit, you need to bear in mind that this might be not the best lending option as your credit score will certainly count. More than that, the fee for a credit card cash advance can go from 3 to 5 percent.
According to CreditCards.com, the borrowers will also face the interest rate of 24% APR. It will be obligatory to pay off the interest together with the debt itself until you fully repay the credit card balance. In other words, it can be really pricey to take out this type of loan, so many borrowers later decide to consolidate their debt with a small personal loan in order to get a lower interest rate.
Take out a Payday Loan
I need to make money now and I can’t wait. What can I do? More and more customers opt for payday loan options in case they need money now no bank account. This is one of the most attractive lending solutions for a temporary financial emergency such as having to pay urgent medical bills. There may be numerous situations in life when you simply say “I need money now help me please!” and you are ready to ask for money from the best lending institutions.
Payday loans can help you stay afloat and solve any financial issues until the next payday. They are the short-term loans of up to $1,000. You will need to provide proof of employment but it doesn’t necessarily have to be a traditional full-time job – social security benefits or steady income from disability may also count. Fast approval and quick money transfer offer strong benefits in comparison with other types of loan where you will need to wait a few weeks to see if you are approved.
Ask a Friend or a Family Member
Do you need money now unemployed no bank account? Then asking your relatives and friends can be a good option for you. This is a lending solution for borrowers who don’t have credit cards or any source of income at all. You may tap your family members or friends and ask to spare some cash to you. Make sure you discuss the terms of this loan and sign a promissory note or a formal agreement so that you not only protect the finances of your loved ones but also your relationship.
Also, if you need money now unemployed and you don’t qualify for a loan yourself, you may ask a friend or a family member to take out a small personal loan and give you the money. Then you will need to pay the debt off to your friend or relative. But this option is not suitable for everyone as many people will reject to take such a responsibility of getting a loan for another person and putting their own credit score at risk.
Sell or Pawn Valuable Items
What can I opt for if I need money now an emergency and don’t have a friend to help me out? Well, you may also try to sell or pawn your valuable things and use the money to cover your financial needs. Think about stuff that is meaningful and really valuable, like an interesting old coin collection, a gold necklace or a piece of furniture. You may advertise these things on Craigslist or eBay and see how much you can get out of this sale. But keep in mind that this option is not good if I need money to pay my bills now. Sometimes it takes several weeks or months to sell your items. In the case of a financial emergency, we advise you to choose among the lending solutions mentioned above.
There may be various situations in life when you need some extra financial help to make ends meet. Some lending solutions demand some time to wait until you receive the money, while other options such as payday loans can give you the necessary cash right away. Pick the most affordable and suitable lending option if I need money right now and can’t wait.
Fund Your Dream Wedding
Are you planning your dream wedding? It doesn’t mean you have to wait for many years until you save enough money or go and rob a bank. Take a small loan to cover the wedding expenses or finance your honeymoon in a dream place even if you don’t have enough savings yet. You will have enough time to pay the debt off once you return from your vacation and provided that you have a steady income. Just think about the emotions and this experience that will stay with you and your spouse for the rest of your life. It’s certainly worth it.
These were some of the most popular reasons for taking out a loan. Maybe you’ve found your own reason in this list and it will help you avoid hesitation and move ahead towards achieving your goals.