6 Best Ways to Urgently Get Money
Sometimes, there are situations when money is urgently needed: a car repair, wedding, medical treatment, etc. It is not always possible to quickly figure out where to get some cash. This article provides the best and most affordable ways to get money quickly and in the right amount.
Top-6 Ways to Get Money Instantly
1) Apply for a loan at the microfinance organization
MFIs usually give money to those who have been denied by a bank. By issuing a loan to such people, MFIs are at high risk, therefore they have higher interest rates due to which they cover their potential risks. The loan is usually issued for a period of 7 to 30 days with the possibility of extension. The application is submitted via the Internet and the cash can be received within 5-15 minutes. More details about this method you can learn here: https://directloantransfer.com/instant-cash/.
2) Bank loan
A consumer loan is issued for a period of up to 5 years at up to 5% per annum (depending on the bank). Amounts vary from several hundred dollars and reach the necessary amount (the upper limit depends on the client’s credit history and solvency).
3) P2P Loans
We are not talking about the traditional payday loans by individuals, but about the so-called p2p-lending (person-to-person). Borrowing takes place through online exchanges that check both lenders and customers and ensure the safety and reliability of transactions. Interest rates on such exchanges depend on the quality of borrowers, but they are not very high: individuals do not need to maintain offices and pay taxes like banks. Who exactly to give the money to is chosen by the investors themselves.
4) Borrow at the pawnshop
You may leave the collateral for temporary storage (jewelry, electronics, other valuables), and the institution will give you a certain amount of money. If after the period specified in the contract you are not redeeming your property, the pawnshop puts it on sale. Even if you would like to return it, you need to pay not only the previously received money but also the interest for their use.
5) Borrow money at work
Cash can be borrowed from both colleagues and the employer. The result largely depends on your reputation. If you have been working for a long time, and you have built good relationships with colleagues, you are known as a serious and responsible employee, then the probability of getting money will be much higher.
6) Rent out your property
Another easy way to get money with almost no effort is renting out your property. You can do it with any vacant property you have: an apartment, a summer house, a garage, a commercial space, etc.
What methods of money lending do you prefer? Share with us in the comments.