Need Money Now? Here are 6 Ways

Sometimes you need a little extra cash. Maybe you paid rent and don’t have much money left over, or your car needs emergency repairs. Some funding sources are appropriate if you need money in a couple of days while others take a couple of weeks for money to arrive. Need money now and want to know more? Here are 6 ways to get more money.

Your House

No, you don’t have to sell your house, but start with the places we most often drop cash. For example, check the pillows of your couch, your pockets, your car, your wallet or the bottom of your purse. My daughter is good for finding extra cash in her winter coat. While you may not find a lot, every little bit helps.

Sell Products You No Longer Use

Look around your house. Are there things you don’t use, clothes you don’t wear? There are many websites and apps you can use to sell them. Purging your items this way has a dual benefit. Not only will you make money, but you’ll also have decluttered your home.

Recycle Containers and Cans

Depending upon where you live, you may be able to get money from returning aluminum cans and glass containers. The bottle deposit laws in some states permit locals to get as much as 10 cents when they return aluminum and glass containers. Since most people typically throw their cans away, tell your friends you’ll collect them instead. If your state doesn’t pay for recyclables, check with the local recycling plant to see if they accept scrap steel. The costs of scrap steel vary from one recycling plant to another.

Equity on Life Insurance Plan Program

When you purchase a whole life insurance plan, equity builds up with time. You’re then able to borrow against that equity. Know that this typically reduces the full value of your policy but check with your life insurance carrier to see if that’s possible for you.

Borrow from Your Buddies

If your family and friends are in the position for it, ask if they are able to give or loan you money to help with your unanticipated expenses. Peer to peer websites are also another option, especially if you’re unable to borrow from a more traditional bank lender.

Financing from Service Lenders

If you’ve exhausted these other options and still come up short, a payday loan may be an option. These types of loans typically target borrowers with poor credit and have high interest rates. However, that cash advance may be just what you need to get out of a bind. Check into different companies and use the risk-free rate checks, if offered. That way, you’ll get an idea of what you’re eligible for, the interest rate and the total amount you’ll have to pay back.

Study the interest rate that different lenders are offering before you make your decision. Additionally, take into consideration any hidden rates, such as handling charges, assessment costs and credit scores ranking document fees. Finally, evaluate the lending settlement period to ensure that you can pay it back on schedule.

Hopefully, one of these six methods will help you get the cash you need.