Options When You Need Money the Same Day

by Lance Ekum on · 0 comments

When you need money now, there are a variety of options you can choose from in order to get cash in your hands on the day that you need it. Below, we list some options for you to take advantage of if you are in need of money right now.

Family and Friends

This is considered the safest kind of debt to choose even though it can be awkward in asking for the money that you need. There is less risk in losing valuable property and you might even get the money you need without the expectation of repayment. If the money is given to you in the form of a loan, you might not even have to pay interest on the loan. However, borrowing money from family and friends must also be done with care so as to not harm your relationship.

Bank Loan

Banks and credit unions typically offer unsecured,  the best personal loans that get you your money instantly. They do, however, carry interest rates, which can vary from bank to bank. These loans require a credit check to ensure that you are a low risk when it comes to paying back the loan.

Quick Loans Online

You can find quick loans online. At the click of a button, you can receive a loan from a lender willing and able to get you the cash you need right away on the same day that you submit your loan application. The website Ineedaloan.net offers quick loans when you need a loan but there are other types of lenders:

Micro Lenders

Getting money through a micro lender online is another good resource to get cash fast. The fees you pay to secure the loan are typically very low, and you receive your cash instantly. However, you may need to submit your credit score, and if you have bad credit, you will be subject to a high interest rate.

Payday Loans

These loans carry more risks, but are available to you if you have bad credit or no credit at all. Our best advice is to research each payday company and find out what they charge in interest, as well as the provisions they carry regarding fees, re-payment, and non-payment penalties.

Credit Cards

Many credit cards offer cash advances as an option to their customers who are in a pinch for money. However, these types of loans are tied to the credit limit you have on your credit card. Many credit cards only allow you to borrow a certain percentage of the available credit you possess on your card. Cash advances also are subject to fees and a higher interest rate than the interest rate tied to your credit line.

Getting the money you need on the same day you need it is not difficult if you know where to look. There are a variety of resources you can use regardless of your financial situation. You just need to be smart about it.

Which option would work the best for your current situation?

Lance writes stories from his heart, aiming to inspire and motivate, as you align more fully with YOUR true peak. When he's not here, you can find him hanging out with his family, riding a bike, or just generally acting goofy.   Sign up for the Thoughts from the Treehouse newsletter and get additional inspiration in your email inbox!
Lance Ekum
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