At some point in our lives most of us will need to find cash urgently for something that we have not planned for, ideally it would be great to have savings but during current times many people are struggling to pay bills or have lost their jobs. So how do we get cash in a hurry, is it possible?
There are obvious solutions like get a loan from the bank, but these can take time to be processed and many depend on having a good credit record, so it may not be the quickest solution. However it is possible to get a “payday” loan. These are specific types of loans that will pay out reasonable amounts of money but have to be paid back on the next payday, or the interest rates will be very high. Payday loans usually have an arrangement fee and charge high interest.
Less drastic ways to earn money quickly include selling. Most of us have things around the home or garage that we do not need or no longer use and these items could be sold quickly to realize some cash. Internet auction sites, small ads or even ads in shops all could generate money quickly. It also is quite lucrative to sell old or broken jewellery. Prices for scrap gold can be quite generous and even small items of jewellery can generate cash.
It may also be possible to get some casual work, such as in a bar, café or even casual labouring. As these jobs may be without a contract, payment may be made at the end of the shift and this can be a very useful way to earn some extra cash. Having a yard sale or even a car boot sale can generate quite a bit of money, especially if there are plenty of small items that could be sold.
There are also more imaginative ways such as selling the space on the side of your car for advertising, or even become a moving advert. Renting out a room can generate a steady income, but if you ask for a deposit up front this can give an instant boost to cash flow.