8 Of The Fastest Ways To Borrow Money

Sooner or later, everybody will have to deal with emergency expenses. If you are lucky, you will have the money you need in your bank account. If you aren't, you may need to start looking into ways to borrow money.

It's not your typical bank loan that can often take weeks to process. Instead, you want options to give you the cash you need in 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, you may want to start by contacting 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 Your Employer For Pay Advance

If you have worked in the same place for a while, 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 need to contact HR and find out how your employer handles things like this.

Of course, employers are only likely to offer this facility to their most trusted employees. They are paying you in advance of actually doing work, after all. This means you can't just can't 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, you can pawn it. With a pawn, you borrow cash against the item. When you pay back the loan, the item is returned to you. If you don't pay, 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 a recommended option, as there are often financial penalties for doing so. However, if you don't have any other choice, it may be worth looking into as an option.

However, we suggest you not rely too heavily on retirement accounts. While they can be an option for those looking to borrow money fast, many have fallen into the trap of consistently withdrawing from them, leaving them with less cash to spend during retirement.

5. Get An Overdraft On Your Bank Account

Many 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 quicker than your average bank loan, especially when looking for ways to borrow money quickly.

You will need a good credit history, so keep that in mind. If you get an overdraft on your bank account, you will always have that cash available to dip into if you need it—well, at least for the agreed-upon duration of the overdraft.

6. Use Credit Cards

If you have credit cards, you may want to use them. Using credit cards can impact 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, applying for a new one may be 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 between pay periods at work and need emergency cash. The idea is to borrow some money 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, one way to borrow money is to take out a title loan. You will borrow money against your vehicle's title with a quick cash title loan. The good thing about this loan is that you can use your car while you are paying the loan back.

Nevada Title and Payday Loans, Inc. can issue title loans up to $15,000 if you are looking for ways to borrow money. When you borrow cash from us, you can receive cash as soon as the same day. We base how much we can give you on your vehicle's condition.

The initial inquiry process is also quick. It generally takes no longer than an hour, with most inquiries dealt with in under 30 minutes. We can 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 involves just a few quick steps, most of which can be completed from the comfort of your home. Head to the website, where we have a quick form that you can fill out. Make sure you choose the one for title loans since we offer other loans to consider.

Within a few minutes of you filling in that form, one of our team will call you on the phone. They will ask you some questions, and you are free to ask them. We will check that you have all the documents you need for a title loan.

You will need to head to your local Nevada title loan location. Bring your lien-free title, driver's license, state-issued photo ID, and vehicle 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

Multiple options are available if you are looking for ways to borrow money quickly. However, these options can be limited if you are unemployed, claiming benefits, or have bad credit. Instead, if you need to borrow money quickly, title loans could be an option. Get started by filling out the online form. 

Note: The information in this article is only for informational purposes. You should contact your financial advisor about your specific financial situation.