8 Of The Fastest Ways To Borrow Money
Sooner or later, everybody is going to deal with emergency expenses. If you are lucky, you will have the money that you need sitting right there in your bank account. If you aren't, then you may need to start looking into ways to borrow money.
Not your typical bank loan that can often take weeks to process, though. Instead, you want options that can give you the cash that you need in just a day or two. Here are eight of the fastest ways to borrow money when you are going through an emergency.
Try These 8 Fast Ways To Borrow Money Quickly
1. Ask Friends And Family
If you need cash quickly, then you may want to start by reaching out to friends and family members. If they have the cash spare, then they may be able to help you if your financial situation seems rather dire. Just make sure to pay them back when you say you will maintain your positive relationship.
2. Ask Employer For Pay Advance
If you have worked in the same place for a while, then you may be able to ask your employer for a pay advance. Many of the largest employers in Nevada have systems in place for this. You just need to reach out to HR and find out how your employer handles things like this.
Of course, this is a facility that employers are only likely to offer to their most trusted employees. They are paying you in advance of actually doing work, after all. This means that you can't just get a job and ask for a pay advance a week or two later. Make sure to be a valued employee to get this advance.
3. Visit A Pawn Shop
Nevada is brimming with pawn shops. If you have something of value like jewelry, electronics, tools, or even musical instruments, then you can pawn your items. With a pawn, you will be borrowing cash against the item. When you pay back the loan, the item is returned to you. If you don't pay it back, the pawnshop will sell it to recoup its losses.
4. Look At Retirement Accounts
Many retirement accounts will allow you to withdraw cash from them early. It isn't the preferred option, as there are often financial penalties for doing so. However, if you don't seem to have any other choice, then it may be worth looking into as an option.
We suggest that you do not rely too heavily on retirement accounts, though. While they can be an option for those that are looking into ways to borrow money fast, many have fallen into the trap of consistently withdrawing from retirement accounts. As a result, they have less cash to spend during retirement.
5. Get An Overdraft On Your Bank Account
A lot of banks are now approving overdrafts rather quickly. Some have even approved them in a day or so, and the bulk of the process happens online. It is certainly quicker than your average bank loan, especially when you are looking for ways to borrow money quickly.
You will need to have a good credit history, though, so keep that in mind. If you get an overdraft on your bank account, then you will always have that cash available to dip into if you really need it. Well, at least for the agreed duration of the overdraft.
6. Use Credit Cards
If you have credit cards, then you may want to use them. Obviously, using credit cards can have an impact on your credit score. However, for many people, it is the most accessible form of borrowing. If you do not have a credit card but need money now, then applying for a new credit card may be a bit slow. This means that you will need to look into other options.
7. Get Payday Loans
Payday loans, sometimes known as cash advances, are loans that you can take out at Nevada Title and Payday Loans, Inc. when you are in between pay periods at work and need emergency cash. The idea is that you borrow cash for the short-term, generally paid back with your next paycheck. Keep in mind a payday loan is designed just for emergency expenses.
8. Consider Title Loans
If you have a lien-free title to your vehicle, then one of the ways to borrow money is to take out a title loan. With a quick cash title loan, you will borrow money against your vehicle’s lien-free title. The good thing about this loan is you will be able to use your vehicle while you are paying the loan back.
If you are looking for ways to borrow money, then Nevada Title and Payday Loans, Inc. can issue title loans up to $15,000. When you borrow cash from us, you could receive cash as soon as the same day and we base how much we can give you off your vehicle’s value and condition.
The initial inquiry process is quick too. It generally takes no longer than an hour, with most inquiries dealt with in under 30 minutes. We are able to consider all types of credit and there are no income requirements. This means that title loans from us could be an option when other forms of borrowing are not.
Our inquiry process is just a few quick steps, the bulk of which can be completed from the comfort of your own home. Just head to the website where we have a quick form that you can fill in. Make sure you choose the one for title loans – since we do offer other loans for you to consider.
Within a few minutes of you filling in that form, one of our team will give you a call on the phone. They will ask you some questions, and you are free to ask questions of your own. We will check that you have all the documents that you need for a title loan.
You will need to head to your local Nevada title loan location. Bring your lien-free title, your driver’s license or state-issued photo ID, and your vehicle along to the meeting. We will inspect your vehicle and assess your information. If we determine you qualify, you could get the money the same day.
Need To Borrow Money Quickly? Get Started Today
If you are looking for ways to borrow money quickly, then there are multiple options available to you. However, these options can be rather limited if you are currently unemployed, claiming benefits, or have bad credit. Instead, if you need to borrow money quickly, then title loans could be an option. Get started by filling out the online form.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.