Because unexpected events can happen in life, people can sometimes find themselves in a real financial bind and needing money in a hurry. So, what can you do when this situation occurs? How do you find the cash you need in a hurry and not have to stress about it? There are a few different ways you can go about getting money in a hurry, depending on how much you need, and how you plan to pay it back. Here’s a closer look.
Increase Your Credit Card Limit
It may be that you qualify for a larger limit on your credit card, which can be the solution to your problem. This works well when you don’t need a large sum of money, and just need access to cash fast. All you need to do is place a call to your credit card company and ask if you qualify for a credit increase. They will be able to check immediately and give you an answer right there.
If you do qualify for an increase, it will be done over the phone and in most cases, you can then use your credit card almost right away.
Collect on Any Debts Owed to Your
Another tip is to collect on any debts that may be owed to you. Maybe a few friends or family members have borrowed money off you with promises to re-pay you in the future. You can now go to them and ask if they are in a position to pay you back, even if it’s just a portion of what’s owed.
Borrow Money from Friends and Family
The flip side of cashing in on debts is to ask family and friends if they are in a position to lend you money. This can be a touchy subject for some people to discuss, so you may want to suggest drawing up a contract that lays out the repayment terms.
Consider a Quick Loan
For those financial emergencies that require cash immediately, quick loans may be the answer. Companies such as WireLend are able to offer 24 hour loans, which means the money will be wired to you within one day and there is no need to visit a location in person.These loans tend to work best for those times when you’re in a pinch, need money fast and will be able to pay it back when you receive your next paycheck.
Sell Off Some of Your Things – Hold a Yard Sale
If you’ve got a bit more time to get the cash together, then you can throw together a yard sale and sell off some of your items. Just be sure to market your yard sale on social media networks and community groups so you get the best turnout possible.
Getting Fast Cash is Possible
When the unexpected does happen and you find yourself in need of finding cash fast, it’s important to stay calm and focused so you can find the best solution to your financial problem.