How Can A Poor Credit Borrower Get Cash?

March 30, 2022 | Emma Frost

poor credit borrower

 

Having poor credit can often be the biggest hurdle when it comes to applying for a loan. A poor credit borrower will find that their options are limited. And the options they do have can sometimes take days to weeks for them to find out if they’ve been approved because of their lower credit score.

If you happen to have poor credit, then it doesn’t have to be all bad news. When you need quick money to pay for utility bills or sudden emergency expenses, there are ways for you to get that cash despite your poor credit. The following options below can help provide you with the cash you need quickly.

Ways To Get Cash If You Have Poor Credit

Ask Friends Or Family Members To Help

If you are a poor credit borrower and need to borrow money then asking a friend or family member for an interest-free loan would be a good place for you to start. Many people don’t like to ask for help, especially when it comes to putting their loved ones in that kind of position.

However, asking friends and family before applying for a loan through a business or institution that runs credit checks can keep your credit score from dropping lower than it is. Just make sure that, if they do agree to help you out, you pay them back promptly. This is the best way to keep the relationship intact.

Sell Your Personal Items

Another tried and true way to get cash for a poor credit borrower is to sell your items. If you have items in good condition that you do not use anymore, you can find plenty of people that will gladly take them off your hands. The good thing is you can sell all kinds of things. From electronics, clothes, home decorations, and even kids' toys, you will find someone to take your items.

Ask Your Creditors If They Charge Interest On Late Payments

When it comes to certain bills, your creditors won’t charge you interest on late payments. So one way to give yourself some relief and extra cash to spend on other pressing expenses is to call your creditors. Ask them if they will allow you to pay some of your utility bills late without having interest payments. Once you have a more stable footing, you can pay those utility bills.

Ask About An Installment Plan For Your Bills

While you can call your creditors to ask about paying your bills late, you can also call them to talk about any installment plans they have available. This allows you to slowly pay off your bills while you are making and saving money. You’d be surprised just how many creditors have installment plans that can really help out a poor credit borrower.

 

poor credit borrower getting cash

 

Find Side Jobs Wherever You Can

Another tried and true option to get you more cash is finding a side job. There are literally hundreds of side gigs you can pick up. If you have a special skill like writing or graphic design, you can try freelancing. If you are handy, you can look for people that need help with home repairs. You can even work for ridesharing apps like Uber or Lyft. If you need extra cash, there are options.

Get An Online Car Title Loan

Another option available to a poor credit borrower is secured loans. Secured loans are loans that have less reliance on one’s credit score. This is because borrowers are required to put up collateral – like their vehicle or home – to receive the loan.

One secured loan offered through us at Nevada Title & Payday Loans, Inc. is an online car title loan. A quick car title loan is a short-term loan that uses your car’s lien-free title as collateral. Because it is a secured loan, we welcome all types of credit, making it an option for those with poor credit. Plus, you can keep your vehicle while you repay the loan.

Another plus is our process is simple and fast. In fact, you only need three items to find out if you qualify for approval. You need your vehicle for a quick inspection, your driver’s license or state-issued photo ID, and your lien-free title. The vehicle inspection allows us to determine how much you could get. And with our online car title loan, you could qualify for anything up to $15,000.

Once you have the items all you need to do is fill out the online form on our website. This form will send us your basic information and contact information so we can give you a quick call. We will go over the items and set up an appointment for you to come to the nearest Nevada car title loan location. From there we will decide if you qualify for approval and help you finish the process.

Get The Extra Cash You Need Today!

If you happen to be a poor credit borrower looking for extra cash, you have plenty of options. Try out one of our tips and get the extra cash you need today. If you do decide to get an online car title loan, just submit an online form now to have a representative get you started with your application today!

 

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.