Emergencies can happen at anytime. When they do, you might need access to some quick cash. The sad truth is though, that most Americans do not have a well funded savings account. Those without a savings account have a couple of different options when they need money fast. You can borrow money from friends, pawn something or get a quick cash payday loan. Let's look at these options.
Borrowing from friends and family is a good option if it is available to you. This might not be a good option for you though if you are not close with your family or if your family is just not financially able to lend money to you. Be particularly careful when borrowing fast quick cash from friends as many friendships have been ended over money. Even an amount as little as $100 can cause friendships to crumble if one friend feels like they are being taken advantage of. So use this option with extreme caution.
The next option is to pawn some personal property. The problem with this approach is that you might not have items of value that you can part with and the pawn shops will only give you pennies on the dollar of the item of value. If you need say $500, you might have to pawn something worth $2000 or $3000. Do you have something like that to part with and if so, do you want to take the chance of losing it?
The last option, and probably the best one is to look into cash advance payday loan. They are typically very easy to qualify for, requiring only a checking account, steady job and for you to be at least 18 years old. Sure, the fees are higher than a traditional loan but cash call loans are harder to get and with conventional loans it might take weeks to get your money. With a payday loan, you will get your money fast, can apply online so there is no embarrassment and you do not have to let friends and family know that you are in financial trouble. In most cases, you can have $500 to $1500 in your bank account by the next day.
Hopefully, you will not ever need an emergency loan but it is helpful to know your options if the worst happens. If you do find yourself in a bad financial situation, consider your options and make the choice that is right for you. www.fastquickcash.us
Saturday, November 20, 2010
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