Borrow fast money during an emergency – Few quick ways

There are times when you need quick cash, might be for repairing your broken down car or for an emergency trip to the hospital or to pay an overdue utility bill. In case of borrowing this amount of money, your viable options would be credit card cash advances or online personal loans through which you could get immediate cash in your hands. Loans taken either from credit unions or from banks would take few days to arrive.

Before you get fast money from some lender, make sure you invest few minutes to make a comprehensive survey of the other lenders so that you can grab on the best rate. The only trade-off for borrowing quick cash would be having an APR which is sky-high and which might leave you in debt for the next few years. 

Getting quick cash without opting for a loan

Before you make a hurried decision of ending up with a loan, check whether or not the emergency expense could be paid later on or watch out for sources of cash without the interest rates. 

• In case you've been subject to hefty medical bills, make sure you go through the charges and try to negotiate them rather than considering the face value of the bill.

• When you’re employed, check if your employer could give you an advanced paycheck so that you could use the proceeds earlier. Can any workplace assistance program help you?

• Ask friends and family for help, utilizing a contract which gives you details of the plan to pay them back.

• Look for other ways in which you can earn fast cash.

Obtaining cash within a day

Taking out a credit card cash advance loan, getting loans from online providers and payday loan lenders are few of the best way of borrowing cash within a short time. The amount of loan that you get will range from $2000 and $50,000. When you seek help of a reputed lender, the interest rates will all be based on the credit score and the rates will be capped at 38%. There are few lenders who cater only to people who have poor credit or may be those who have a stellar credit rating.

Things to know before taking out a loan:

• Gather all the important data which you will require for applying for a personal loan so that the lender can choose to verify your information and other details easily. 

• Make sure you shop with several lenders and choose the loan which has got the lowest possible rate for a specific term of the loan. Majority of the online lenders will conduct a soft check on your credit to get a clear estimate of the rate that can be applied to you. 

Hence depending on your credit situation and the extent of trouble you’re going through, you might be able to obtain enough funds within less than a week. But in case you get quick cash loans, they will be approved within minutes and you will receive the proceeds within an hour.