It is only natural to feel pressure when you require making some fast money, whether for taking a vacation or paying some bills. You could also be tired of getting into the daily grind and constantly earning peanuts, thus need to hastily double your bank balance. Fortunately, there are numerous unique methods of making fast money that you can cash on as discussed below.
Use your Credit Card’s Cash Advance Feature
Some credit cards will essentially allow you to withdraw a certain sum of money by using them like an ATM, which would help you to raise some cash in a hurry. You should, however, note that the interest rates on such cash advances are often much higher as compared to the usual interest rates of your credit card, which implies that you will ultimately have to pay more. There are credit cards that will even allow the usage of cash advances via writing checks; such loans often attract much lower interest rates. Ensure to check with your credit card issuer or bank for details before embarking on this.
Get an Overdraft
If you own a checking account or any other accounts having an overdraft protection, you could intentionally overdraw from it, taking the advantage of the provisional payment to satisfy your need for quick cash. Although your bank will initially cover the cost, you ultimately have to pay it back together with any probable fees.
Get a Title Loan
There are numerous companies offering title loans, which could be a viable opportunity for you to make some quick cash. But you could risk losing your car if you default a title loan. It is, therefore, advisable to avoid it and only be used as a last resort in extremely dire circumstances. In any case, you must be certain of being able to repay the loan without delays.
Get an Online Installment Loan
Online installment loans are pretty easy to apply, and you are only asked to provide proof of a steady income and a bank account. You can apply for these loans any time of the day from the comfort of your home, and you won’t be subjected to a credit check. The convenience of these loans doesn’t end there; in minutes, you can discover potential lenders, view their respective loan terms and rates and subsequently apply for the loan.
When time is of essence and you desperately require some funds, nothing beats the convenience of installment loans. These loans will not require you to gather piles of documents before applying, which is unlike other advances that necessitate the provision of bank statements, checks or even references. In the modern world, nothing is more appreciated than a paperless procedure especially because of its lack of clutter, coupled with its obvious eco-friendliness.