“It’s how you deal with failure that determines how you achieve success.” – David Feherty
In the period of the financial crisis and mass job loss, thousands of people ended up in desperate need of money.
You may require either surviving two or three months before the dust settles or just need some extra money to pay rent or bills right this second and forget about troubles. Whatever it is, everybody meets such problems and looks for fast and easy solutions.
See the compilation of the most common ways to establish your financial status, available for anybody, and see your option.
Get Free Money - Extra Cash for Everyone
In the stressful world of today, you may desperately need to get the money for free, and right now the help of fast cash services seem the only way out. Surely, it is not so.
Do easy ways work? Do not expect significant improvement. Quick earning cannot be the main source of income. Still, it is a way to get an accidental bonus and cover up small charges.
Loans & Borrowing Options - Fast Way to Get Money ASAP
The troubles came to serious matters and you badly need instant help with money? Now you should turn to radical solutions. Whether you like it or not, incurring debts is an essential step during the crisis.
The experts were asked the most common questions about loan types and how not to get lost among various options. That’s what they suggest in 2020.
The common mistake is to postpone until the last minute. One moment you realize you need money by tomorrow morning. For quick ways to get cash, banks are not the best decision, as well as relatives’ support.
Try personal loans at online services that work fast to satisfy every customer’s demands. Before turning to any service, look through different variants, read the experts’ reviews, and choose the suitable option. Be careful: unfair lenders could gain from your inexperience and offer a bad deal. Trust only proven companies on the Internet.
What is a personal loan? It is the loan taken in your name for private purposes. The main features:
- Unsecured deals are possible.
- Regular installments could be stretched out for a certain repayment term.
- No purpose and bail. You take it for personal needs and don’t have to report about them.
Long-term loans usually imply large sums. Finding a bank to borrow a small sum for a long period would be hard – there is simply no profit for such a deal.
Peer-to-peer loans could be a fast solution. The principle is to borrow from private persons without involving any financial institutions. The agreement won’t be tied by strict rules and legislation, usual for banks, so you can establish a comfortable term and discuss all details personally. Such creditors could be easily found on online platforms – they select only reliable options and adapt to your needs.
The flip side of the coin is all risks you should take yourself. Sometimes the services guarantee safety but read the contract thoroughly to make sure it is so.
Another thing to take into account is your creditworthiness. The lenders prefer dealing with good credit borrowers.
Unfortunately, the crisis period sometimes requires the break of principals. Your retirement savings could be a pillow of safety. Treat the situation as an emergency and accept all the risks of spending it now.
The advantages of borrowing from retirement savings are:
Since you need money urgently and need a small sum that is likely to be paid back in one payment, a credit card may be a recommended option. Some people are still prejudiced to such a source, but the epoch of living paycheck to paycheck has passed. The current situation requires flexibility. That is what a credit card gives you. Apply for it in advance to become a loyal user with bonuses and lower the rate of interest, learn how to schedule your debts, and remember about the payment.
The delinquency rate on the credit card in the U.S. now is lower than ever – 2-2,7% in 2014-2019 (compared to 7% in 2008).
Even though it is rising today due to the crisis, the statistics shows the improvement of conditions and possible options. Now credit cards have grounded in daily life and become a useful tool for financial stability.
As a last resort, try to borrow money from friends and family. The closest people will understand your problems, ignore your bad credit and there won’t be any troubles with overpaying or risks. Of course, make sure you can pay the money back on time. Relations in the family and your reliability are on the line now.
7 Proven & Quick Ways to Get Money Fast
A lot of us today need fast help with money. Now, with no cash in a bank account and job perspectives, unemployed people cannot afford to repay loans. Borrowing itself is not always the best solution. Alternatively, try to find other sources of income by doing some simple job from time to time.
Employment in the service industry is rising every year. Americans are ready to pay someone to do the routine for them – drivers, cleaning companies, locksmith and electricians, babysitters, and dog walkers.
The financial crisis is not the end of the world, although it makes us mobilize and resort to all our resources. In hard times, you have several strategies – borrow money to quickly overcome the troubles, try to facilitate your life with lifehacks for free money, or find a side hustle.
Choose the strategy yourself, guided by your situation. Whatever you prefer, know all the consequences and possible hardships to get prepared and reach the best solution.