TMCnet Feature
August 29, 2019

5 Ways to Get the Cash You Need in a Hurry



There may come a point in your life when you need money in a hurry. Unless you have enough cash in the bank to cover your needs, you’ll find yourself comparing a variety of options.

Fortunately, there is more than one way to get cash in a hurry. Here are five of the best ideas to consider:

1. Auto Title Loan

Do you have a car title in your name? If so, an auto title loan is often the best way to secure fast cash.

In addition to the title itself, here are the only other things you need:

  • Government issued photo ID, such as a driver’s license
  • Proof of income, so the lender knows you’re able to repay the loan
  • Proof of residence, such as a utility bill that displays your address



From there, you can apply for a title loan, wait for an approval and review the terms and conditions. If everything suits your needs, you can have the funds in your bank account within one business day.

2. Credit Card

Do you have access to a credit card? Are you in position to apply for a new card? If you answered yes to either of these questions, it’s one of the better ways to secure cash in a hurry.

For example, you can take a cash advance through your credit card issuer, which typically allows for an instant transfer.

The primary downfall of a credit card is that you may not qualify if you have a poor credit score.

3. Personal Loan

Just the same as a credit card, a good or excellent credit score puts you in position to secure a personal loan.

As an unsecured loan, you won’t have access to the lowest interest rate. However, if you qualify, you’re able to receive funds within two to three business days.

For many borrowers, the biggest issue with a personal loan is the inability to find a lender that matches all their requirements, such as those associated with the repayment period and term.

4. Loan from Friends and Family

There’s nothing wrong with turning to friends and family if you’re in desperate need of money. In fact, most people are more than willing to help out loved ones if they’re able to do so.

There are a few concerns with this, including:

  • Your loved ones may not have enough money to lend you
  • If you’re unable to repay the money, it’ll put a strain on your relationship

This is one of the fastest ways to get the cash you need in a hurry, but it’s also one of the riskiest from a personal perspective.

5. Sell Your Belongings

While no one wants to sell his or her belongings to raise money, your situation may give you no other choice.

From your flat screen television to your baseball card collection, there are items you can consider selling if you find yourself in desperate need of immediate cash.

You should only make this decision after you consider all other options, as you don’t want to look back with regret.

Final Thoughts

Maybe you need cash to repair your car. Maybe you need cash to pay for a necessary medical procedure. Or maybe you need cash to pay for a big event in your child’s life, such as a wedding or graduation party.

If you’re looking to borrow money and don’t know where to start, the five ideas above should point you in the right direction.

Once you understand the pros and cons associated with each strategy, you can narrow your options and make a final decision.

When was the last time you were in a hurry to borrow money? What approach did you take? Were you happy with your decision?



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