4 Ways to Get Emergency Cash Today

iQuanti: Emergencies come in many forms. They could be as simple as a flat tire or involve major medical expenses. And sometimes you just need cash for necessities, like groceries or rent. In those instances, you can’t afford to wait. Thankfully, there are many same-day cash alternatives through a variety of different lending options. Here are four fast cash loans that can get you emergency funds today:
1.  Cash Advances
Cash advances are short-term loans that you pay back when you get your next paycheck, typically within two to four weeks. These small-dollar loans can help you cover expenses when you need some extra cash to hold you over until payday.
Cash advances often come with easy applications and quick approvals, so you may get the cash you need the same day you apply or within 24 hours. Better yet, many cash advance lenders have lenient credit score requirements, so you can get approved with poor or fair credit. Just remember that these loans tend to have high interest rates, so make sure you can pay back a cash advance before applying.
2. Title Loans
Title loans are secured loans that let you use your car’s title as collateral. With these loans, the lender will appraise your vehicle and offer you a loan worth 25% to 50% of its value. Since you’re providing your car title as collateral, many lenders don’t require you to have good credit to get approved. You can keep driving your car as you repay the loan.
With title loans, it’s important to remember that the lender can repossess your car if you default on the loan, so be sure you can make loan repayments before filling out an application.
3. Installment Loans
With installment loans, you’ll get a lump sum of money that you’ll repay in fixed monthly payments or installments. The repayment term length can last from a few months to a few years, depending on the lender and loan terms. These loans are a good option if you need a larger amount of money that you can pay back over time.
4. Personal Lines of Credit
A line of credit is a flexible loan that you can draw funds from as needed, up to your credit limit. Once approved, the money will be available immediately and you can borrow as much as you need.
With lines of credit, you’ll only pay interest on the amount you borrow. You can choose to repay a line of credit all at once or over time. Many lenders can get you a line of credit the same day you apply or within 24 hours, and you can get approved with poor or fair credit.
The Bottom Line
If you need cash today, there are many options at your disposal. Cash advances are a good option if you need some extra money before your next paycheck. Title loans can be a good way to get cash quickly if you own a car. If you want a larger sum of money you can pay back over a longer period of time, installment loans may be the right option for you. And lines of credit can give you flexibility to withdraw funds as needed. Whichever loan you choose, make sure you understand the terms and can repay it before you apply.
Notice: Information provided in this article is for information purposes only. Consult your financial advisor about your financial circumstances.
Source: iQuanti, Inc.