Sometimes an emergency happens and you need money in a hurry. If you are like the nearly 25 percent of Americans without a savings account, this can be a huge problem. How can you get money for an emergency quickly. This problem becomes even greater if you have less than perfect credit.
Catch your breath and give Tina a few minutes of your time. I may just have an answer for you. Here are some possible solutions.
Try An Emergency Loan Quote
First, let me help you get a quote on an emergency loan. This is a risk free quote, you are not committing to a single thing and it will take just a couple minutes of your time. In addition, you are getting access to a loan network, not a single lender. This means that even if you have bad credit, you may be able to get an offer from one of the lenders in the network. Let’s find out.
Try An Impromptu Garage Sale
Nobody likes to do it but it can make you a lot of money.
The idea of sitting in your lawn chair watching a bunch of strangers pour through your belongings might not be that appealing but you can easily make 500 dollars or more on a weekend. Best of all it will be cash money, although I admit it will be a lot of singles. You might look like a stripper when you take the money to the bank.
For the best odds of garage sale success, here is what you need to do.
First, run through your home and put together a collection of items you do not need or can spare. If you have not used something in a year or more, it is a no brainer, put it in the pile. You may also have to make some sacrifices and get rid of things that you do use. Make sure they are not items that you would have to quickly repurchase though, these should be non necessities.
Once you have your items, you need to clearly mark them. Those little round colored stickers work well. They are cheap and garage sale shoppers are used to looking for them. Be reasonable with your prices, this is a garage sale, people are looking for a bargain.
On the day of the sale, ay out everything in an organized but deliberate fashion. High demand items in the back where you can keep an eye on them. This also makes people walk through all of your other stuff, increasing your likelihood of more sales.
Be sure to also use a lot of signage to get people there. Signs at your neighborhood entrance and then lead them all the way to your door.
Try The Earnin App
Have you seen or heard the commercials for this app. If you need just a little bit of money to get you by, it might be a good choice for you.
All that you have to do is download the app and enter your bank information and employment information.
You can then borrow up to $100 at a time with no fees. They do ask that you tip at the end though.
Earnin works best if you need just a little bit of money to get you through until payday. The only problem with it is that you are limited in how much you can borrow. If you are a new user and need 300 dollars, you are out of luck.
Eventually, some users will be able to borrow up to $500 at a time but this takes time. It also depends on usage and how the person’s employer participates with the program.
Try Your Boss
If you work at a small company, you might be able to just ask your employer. Many family owned businesses are more likely to help their employees. If you just need a little money like 300 dollars or so, you have probably already made this money. You just haven’t hit payday yet. See if you can get an advance and have the money deducted from your next check.
Also, if you have a 401K, you can try tapping that for some cash. It may take a few days to get it though because there will be some paperwork involved. If this is an option and if you have the time, this is a great choice because of the low interest.
Tina’s Final Word
Emergencies happen and we are all to often unprepared for them. This often necessitates an emergency cash loan. To prevent this in the future, it is crucial that you start an emergency savings.
All that it really takes is a small commitment to start a nice little savings account. Assuming that you get paid every two weeks, you can deposit just $25 from each check into a savings. In just 6 months, you would $325 have and in a year you would have $650.
Just keep the savings going and you will have well over a thousand dollars in back up money in no time.