Ways to Get Same-Day Cash
Cash is urgently needed but your payday can be days or even weeks away. What can you do? Panic and stress are normal reactions at this moment. After these feelings subside, you will find that there are many ways to quickly get money without falling for scams. These are 19 ways to make same-day cash today. We also have tips for how to reduce costs, increase your income, and create an emergency fund so that you don’t have to worry about running out of money.
Although you can sell your phone or tablet via sites like Swappa and Gazelle to make same-day cash, an ecoATM kiosk will be your best option. You might also consider selling your old MP3 players or laptops.
Sell unused gift cards
Same-day cash is available at Cardpool kiosks for gift cards between $15 and $1,000. The company will pay 85% of the card’s worth at the kiosks and 92% if it sells through its website. An online gift card exchange, such as Gift Card Granny is also possible. However, it can take several days to process because you must mail the card and wait for a check/direct deposit.
Pawnshop loans can be a great way to same-day cash. They are quick and the loan can be repaid in a matter of days. The pawn shop will keep the collateral you have used. This is a far better option than having your credit damaged and receiving calls from debt collectors. Instead of borrowing against an item, you can sell the item to a Pawnshop. The best items to sell are jewelry, musical instruments, and firearms, as well as up-to-date electronic equipment.
Get more income opportunities
Today’s work will pay you today. This phrase is popular online. We have researched 26 legitimate side jobs that can give you a quick boost in income, from transporting passengers or packages to freelance work from home. Craigslist also has gigs and jobs sections. These often post short-term positions in housekeeping, food service, or general labor.
Ask for community loans and assistance
Loans or short-term assistance may be offered by local community organizations to assist with rent, utilities, or other emergencies. We have created a list of payday loan options for residents in almost two dozen states to get same-day cash. Small loans may be offered by local churches at very low-interest rates. Small loans may also be offered by community centers or nonprofit organizations in your locality.
Ask for forbearance on bills
Late payments are not subject to interest for some creditors, such as cable TV companies and utilities. Find out if they will accept payments that are delayed. You can use the money you save by not paying these bills to pay for emergency expenses. Before you turn to high-rate toxic loans, talk with your lender first if you are unable to pay your consumer debts like auto loans and mortgages.
Request a Payroll Advance
Ask your employer to give you a cash advance on the pay. This is usually free of charge and you can repay it via payroll deduction. Many companies offer low-cost loans for workers in crisis. Earnin is another app that allows workers to get advances they can repay on their paydays at no interest. However, it does require access to your bank account, work timesheets, and a donation.
Borrow from your retirement account
There are some conditions to borrowing money from your 401(k) or individual retirement account. If you pay the money back within 60 days, you can borrow from your IRA one time per year. You can borrow up to half of your account balance (not all employers allow 401(k), loans), and you have five years to repay it. The loan will be considered taxable income if it is not paid within 90 days. You will usually have to repay the loan within a few days if your job is terminated or you lose it.
Borrow against life insurance
You can borrow against a cash-value life insurance policy, also known as permanent life insurance. The insurance company will deduct the amount from your policy payout if you fail to repay it. You can’t borrow against term life insurance policies, as they are the most common.
Use credit card cash advance
A cash advance can be a cheaper option than a payday loan if you have a good credit score and your account is in good standing. A fee of typically 5% on the amount borrowed plus interest can reach 30% is what you will have to pay.
You should look for a payday loan alternative.
Payday alternative loans are short-term, small-term cash advances offered by credit unions. Federally chartered credit unions can legally charge no more than a 28% annual percentage rate for PALs. This is not cheap but it’s better than payday loans which can have triple-digit APRs.
Get a personal loan
A few lenders will fund a personal loan within a matter of hours. If you have excellent credit, there are likely to be many options. You’ll need to find a lender who can not only provide same-day cash but will also take bad credit. The APR for those with poor credit ratings from mainstream lenders is 36%. While you may be able to find other lenders that offer fast funding with no credit check, you will still pay triple-digit interest rates. Do not fall for this.
Rent a room
Airbnb isn’t only for those who own vacation homes that they want to rent out. You can find listings for additional rooms or shared rooms in the owner’s home, which allows you to stay in your own house while making some extra cash. This is especially true if you are in a desirable area. You should check local ordinances to ensure that short-term rentals are permitted.
The creation of a listing is free. However, a reservation will require a 3% service charge. After guests check-in, the company will release payment to the host within 24 hours.
Become a dog sitter
You have technology at your side with websites like Rover and Care.com, which match pet owners with dog walkers and dog sitters. You have the option to either host the dog yourself or rent the house of the owner while you are away. In most areas rates range from $20 to $60 per night, but they can vary depending on where you are and how much work is involved.
You can become a delivery or rideshare driver.
These jobs can be done in the evenings and on weekends using your car and gas. Lyft and Uber match you with drivers willing to pay, while delivery services like OrderUp or Postmates pay you to deliver food and other items.
Cut your insurance premiums
The car insurance industry has a dirty secret: premiums for the same driver with the same coverage can differ by hundreds of dollars between companies. Every insurer works out its calculations, so it is worth comparing car insurance quotes.
Check out the many discounts that your carrier may offer if you like it. For things such as good grades, completion of defensive driving training, or at least three consecutive years without an accident you could receive 10% or more.
This is also true for homeowners insurance. You can save as much as 10% to 15% by shopping around. Many insurers offer discounts to customers who purchase both homeowners’ and renters’ policies.
Consolidate your debt
You may be able to consolidate multiple debts, such as credit cards, medical bills, or store financing, and reduce your monthly payments by taking out a personal loan. Many lenders will fund your loan in less than 24 hours. If you have $5,000 of debt, refinancing it at a 5% interest rate could help you save more than $800.
You can balance transfer high-interest credit card debt to a new card with an introductory rate of 0% if you have good credit. You must be able to pay the balance in full before the interest rate increases at the end.
Refinance student loans
Low-interest rates are a benefit to borrowers. There is also a competitive private market for student loan refinancing. Refinance options are available for all credit scores. Consider whether refinances could help you save money, especially considering that the average borrower on our site can save over $11,000.
Modify your cell phone plan
Look into cell phone companies that offer low rates if you prefer to save money then buy a fancy phone. FreedomPop provides basic voice and data services for no cost. These services have a catch: you may need to either bring your phone or buy one. Maybe you don’t wish to sell your phone yet. A prepaid phone plan can be purchased for $30 per month.
Avoid these 4 quick-cash sources
These are short-term loans available to those who have an income source and a bank account. They are repayable in one lump sum. Although credit score is not a consideration if you have outstanding payday loans you might not be eligible for another. The interest is typically expressed as a fee, $15 per $100 borrowed. This can lead to a trap. Borrowers have the option of paying another fee, which over time adds up. On an annual basis, a typical $15 fee for a two-week loan would amount to almost 400% interest.
Payday installment loans
These payday loans are available in stores or online. The repayment terms can be as long as three years. The products are often advertised as no credit check installment loans. You will need to have a job and a bank account to qualify for a payday loan. A $2,000 three-year loan at 400% APR for $16,000 will quickly accrue interest charges.
Auto title loans
In countries where they are legal, these short-term loans require that you give your vehicle’s title as collateral. These loans are often compared with payday loans. The interest rates can be comparable to payday loans. However, they can be worse than that: Lenders can seize your vehicle if you fail to repay.
Payday loans for credit-building
The majority of payday lenders won’t report on-time payments at the major credit bureaus. This would improve your credit score. Some lenders do not, but they will reduce the interest rates for subsequent loans to reflect better credit. Oportun, Rise, and Fig Loans offer installment loans at a much lower rate than a traditional payday lender. However, their rates are still higher than those offered by mainstream lenders. These loans are not recommended unless you have no other options than traditional payday loans.
Are you looking for more money?
You can cut expenses if you don’t need every dollar of your income. Call the customer service department of your company for any bill, including utilities, credit cards, and loans, mortgages, or insurance. Politely ask for your bills to be reduced or delayed. Ask to speak to the manager of the representative. They may be able to assist you better.
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