How Can I Get Emergency Money Fast?
April 22, 2021 | Daniel Dewitt
Wondering "how can I get emergency money fast"? You're in the right place. There are actually plenty of ways to get emergency money fairly quickly. Here are five amazingly simple ways to acquire money to fund your emergency.
Use These Tips To Get Emergency Money Fast
1. Take Out A Payday Loan
Whenever you think about “how can I get emergency money fast?” and you hear the phrase "payday loan", you likely start to panic. That's understandable since they get a lot of bad press. But in reality, you don't need to approach the idea with fear.
Payday loans are short-term financial aids — usually less than a month — that help you bridge the gap between two paydays. Having said that, you can find these loans with longer terms; but usually, it's best to stick to the standard 30 days repayment period.
The application process is wonderfully easy. You can start and complete in a matter of minutes — especially when you use the online services.
Generally speaking, you will need to verify your income and have an active checking account to receive the money. But this is where the requirements stop. As long as you're over 18 years of age, you can take out a payday loan.
2. Try A Credit Card Cash Advance
For those of you who own a credit card, taking some of your credit can be a great way to get money when you're in a hurry. This is one option you don’t want to forget when you think about “how can I get emergency money fast?”
The interest rates will vary depending on your credit card provider, but it tends to cap at around 25%. However, you won't be granted a grace period. This means that the interest will start building as soon as you open the line of credit. Not to mention that you'll need to pay an upfront fee.
Despite all of this, they are a great option if you find yourself in a sticky situation. They are much more affordable than the average personal loan — especially if you are struggling with a less-than-average credit score.
3. Ask Your Friends Or Relatives
Your friends and family members will definitely want to help you when you're in distress. So, asking them for a loan might be the best way to go. So don’t skip this option when you are thinking of ‘how can I get emergency money fast?’
Understandably, this might be an awkward conversation to have. You shouldn't take this decision lightly. But if you do decide that borrowing from those closest to you is the right choice, make sure you set firm boundaries. This includes asking about any interest they expect and planning out when they can expect repayments.
Eventually, you will see that the initial discomfort was worth it since you avoided awfully expensive personal loans and bank fees.
4. Use A Home Equity Line Of Credit (HELOC)
A HELOC, or home equity line of credit, can be taken out by leveraging the equity you have in your property. Once you have the HELOC sorted, using it is as easy as paying via debit card.
Since this type of financial aid is secured by your equity, the interest rates are typically much lower. The only downside is the fact that they can take a while to open if you don't already have one.
On top of this, there will be annual fees that you must pay to ensure it stays open. Make you research your lender properly before agreeing to take a home equity line of credit. Do your research about the pros and cons of this ‘how can I get emergency money fast?’ option.
5. Try An Instant Online Title Loan
An online title loan is one of the easiest and quickest ways to get up to $10,000 when you're considering "how can I get emergency money fast?". You can use this money for paying off medical bills, conducting necessary home repairs, and even paying for urgent but unexpected travel.
Whatever your emergency, title loans can ensure you have the funds within as little as half an hour. Not to mention that hardly any credit checks are conducted!
The Step-By-Step Guide To Obtaining An Instant Online Title Loan
Obtaining an instant online title loan is not hard. Just follow our guide below:
- Head to our website to complete the short initial inquiry form for our title loans that’ll automatically be sent to the nearest location to you.
- Answer your phone when one of our friendly loan representatives gives you a call. They will discuss the rest of the process, define the items you must show, and answer your questions.
- Drive to your closest New Mexico Title Loans location with your driver's license or a different form of state-issued identification, the vehicle for inspection, and your lien-free title to your vehicle.
- Wait while our loan experts evaluate your vehicle to establish the amount of money you can borrow.
- If you are approved, you can sign the documents with the loan specialist once you understand and agree with the terms.
- Once everything is signed and agreed upon, you will receive your money on the same day! You can then go about solving your emergency.
We've shown you many avenues to take when you're considering "how can I get emergency money fast?" but the best of the best is undoubtedly an instant online title loan. Get in touch today and you'll have the cash you need in no time!