How to Get Cash Fast in an Emergency in 2023?

How to Get Cash Fast in an Emergency

Have you run out of cash and want to cater to some urgent need? When you’re in a tough spot financially, it’s easy to get desperate and feel like there’s no way out.

Whether you want to offset a past-due loan, fix a broken plumbing system, or replace your car’s brakes, emergencies come when we least expect them. It can happen even when your paycheck is days or weeks away and you don’t have enough savings to address it.

So, what do you do to get quick cash? We’ve compiled plenty of ways to make cash fast either you borrow cash or you perform simple tasks and get paid. 

While each method has its limitations or requires a certain level of commitment or requirements, you can simply do the ones that seem relatively easy for you and that will help you within the duration of your time of need.

With some of these, you can get money within 24 hours, but others may require you to wait for 1 to 2 weeks to access the money. The good thing is that most require little to no capital.

So, without further ado, here is how to get cash fast:

Take an Emergency Loan

If you’re in desperate need of cash, one of the quickest ways to get some money when an emergency happens is to borrow. There are plenty of lenders that offer same-day loans and others that offer loans that take 2 to 7 days to process.

The cost of these loans differs depending on various things like your state, the lenders’ requirements, or even the type of loan. Most of these loans that provide quick cash include:

Payday Loans

Payday loans are the best option when you need quick money. Many online payday loans provide you with instant cash, processed on the same day or within one business day.

Although this is one of the most expensive types of loans, it is the best option if you have bad credit or are unemployed. However, you must provide proof of income or the ability to repay the loan to qualify.

Submitting a form for a payday loan to the lender and waiting for approval is all you need. Most online payday lenders approve the loans quickly.

The lender will check your documents and determine whether to lend you the money or not. Before you receive the cash, you have to enter into a contract with your lender.

If you cannot qualify for payday loans, consider other alternatives, such as:

Title Loans

This type of loan requires you to give your car title to the lender in exchange for the cash. The cash you get depends on the value of your vehicle.

The car title acts as collateral to protect the lender against default. If you cannot repay this kind of loan, the lender sells the car to recoup their cash.

Cash Advance Loans

Taking out a cash advance may be another excellent option. To qualify for this kind of loan, your credit card must be able to offer you the ability to take out some cash from an ATM against the card’s credit limit. This is an expensive type of loan and has higher than usual interest rates plus cash advance fees.

Pawn Your Valuables

If you’re cash-strapped and need money now, then consider pawn shops. You’re probably familiar with this it involves leaving your valuable items in a pawn shop in exchange for money, usually the equivalent of the item’s value. If you default, you risk losing your valuable item.

Using the above loan options can get you out of a thick situation. However, you should probably consider most options as a last resort. This is because they are not only expensive, but with some options like title loans and pawning, you risk losing the item given to the lender.

Due to this risk, consider some other ways to make quick cash. Here are some of the best methods.

How to Make Fast Cash

Become a Market Research Participant

Taking surveys is a relatively quick way to make cash for doing simple tasks.  Companies are always looking for consumers’ opinions regarding a variety of their products and services, so they offer cash prices and points redeemable in gift cards to people who are willing to sacrifice a bit of their time to respond to questionnaires.

You get paid to give your opinion regarding a particular product you’ve used or interacted with. Also, you may take polls or break off in a discussion group for quick cash. Some of the best platforms to join for this work include Swagbucks, Inbox Dollars, or Opinion Outpost.

Most of these sites, except a few like Swagbucks, also offer cash offers for other types of simple tasks like:

  • Watching videos              
  • Playing games
  • Shopping
  • Online searches
  • Reading emails

Some pay in terms of cash sent to you via cash transfer apps like PayPal. In comparison, others let you accumulate points that you can redeem in cash or gift cards that you can use in Wal-Mart and on Amazon or other retailers.

Do Tasks with TaskRabbit

TaskRabbit is a great app that connects job seekers with paying gigs. It allows the user to pick simple tasks that they can do locally for money. With TaskRabbit, you only need to find chores that you can accomplish in the existing marketplace and offer to do them in exchange for cash.

While the app offers small tasks that you can accomplish in a day or two, like lawn care, it also has bigger projects that may take a while and considerably more effort to do, like home renovation.

You must be over 18 years and in the U.S. to qualify for the tasks on the app. This app also charges a $25 non-refundable fee to join when your application is approved. Some of the simple tasks you can do include:

  • Running errands
  • Making deliveries
  • Waiting in a line
  • Assembling furniture
  • Doing décor
  • Yardwork
  • House cleaning

Deliver for PostMates

Using delivery apps can also be a quick way to make money. PostMates is one of the apps that you can join to start making cash by doing deliveries. 

You don’t even need a car to do the work. If you have a bike to make deliveries in downtown centers and busier towns, you’ll still be able to make instant cash.

You could make between $18 and $25 an hour doing deliveries. You could also even earn some tips from clients in the process if you offer outstanding services.

PostMates will pay directly to your bank account. Mostly, they pay once a week, but you can opt for instant pay to get fast cash. However, you’ll have to pay a charge of $0.50 for each instant payment you request. 

Learn more about PostMates here:

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    How to Get Cash Fast in an Emergency in 2023?