4 Fast Cash Options to Help You Pay Bills This Month

iQuanti: If you have rent, utilities or a car payment due in the next few days or weeks but you’re a little short on cash this month, you may be wondering what to do. Luckily, there are many fast cash options when you need help paying the bills this month. Here are four options you can consider:
Installment loans
Installment loans provide a lump sum of money that you can pay back in fixed payments over time, plus interest. These types of loans generally last at least a few months. Some installment lenders will consider factors in addition to your credit score, like your income and employment status, and you may not need good credit to get approved. 
Installment loans often don’t take long to get. Many lenders have a short application you can fill out before receiving your terms and accepting the offer. Once you accept, you may receive the funds in your bank account the same day you apply, within 24 hours or within a few days.
Lines of credit
Lines of credit are a form of revolving credit, meaning you can draw on funds up to your credit limit and pay it back when you can. 
Once you open a line of credit, you can borrow money instantly whenever you need it. These loans come with easy applications and quick approval processes, so you may be able to receive the money that same day. 
With lines of credit, you only need to make the monthly minimum payment to stay in good standing. Just remember that the lender will charge you interest every month on the amount outstanding until you pay it back.
Cash advances
Cash advances are short-term, small-dollar loans that often last two to four weeks — about the time it takes for most people to receive their paychecks. 
Many cash advance lenders have lenient credit score requirements and will also consider your income and employment history when making a decision. This means that you may still get approved with poor or fair credit. These loans often come with short, fast applications and funding times. You may be able to get your money the same day you apply or by the next banking day.
Pawn shop loans
Pawn shops offer fast loans in exchange for a valuable item as collateral. You can bring in something you own — such as a piece of jewelry or an antique — and the pawn shop will estimate its value.
The pawn shop will then propose a loan amount, interest, and terms for you. If you accept the offer, they’ll hand you the money along with a ticket to claim your item when the loan comes due. In exchange, they take temporary possession of your item. There are no credit or income checks, making these excellent if you have poor credit.
Most pawn shop loans last 30 days, although you can roll them over at some stores for additional fees. Once you bring in your ticket and pay back the loan, the store will give you back your item. 
Fast cash loans can help cover your bills
When cash is tight, don’t fret — you have several fast loan options to tide you over until you’re back on solid ground. Whether you choose an installment loan, line of credit, cash advance or pawn shop loan, always do your research to find the right lender and loan terms for you, and make sure you’ll be able to pay it back.
Notice: Information provided in this article is for information purposes only. Consult your financial advisor about your financial circumstances.
Source: iQuanti, Inc.