The number of people who find themselves with an unplanned need for emergency cash is staggering. Despite the best efforts, many people are unable to meet their financial obligations and experience a feeling of hopelessness as they contemplate how to come up with enough money quickly and meet the needs of their families.
That’s why it’s good to have some ways to find emergency cash when you need them most up your sleeve. There are many places where you can borrow money if necessary, but be careful not to take on more debt than you can afford because this could cause even more problems down the line. That’s why we’ve teamed up with cashasap.co.uk – leading provider of short term loans and payday loans – to share 6 ways you can find emergency cash when you need it most.
About cashasap.co.uk
cashasap.co.uk is a high cost short term credit provider that offers small loans to customers that have been excluded from mainstream or low interest credit options. Authorised and regulated by the Financial Conduct Authority, they provide a customer-focused service, whilst encouraging responsible, affordable borrowing.
Customers apply through a simple online application which includes multiple affordability checks and Open Banking financial reports with your consent, to ensure that their loans fit with your disposable incomes. Customers can check the exact dates and repayment amounts prior to completing the application to make sure that the costs are fully transparent to ensure you don’t end up in any sticky situations down the line.
They offer access to small sums of money (from £150) over short loan terms, which other mainstream providers do not offer, so you can just borrow only the amount you need and only pay interest on that amount.
The cashasap.co.uk service in summary:
• Loans from £150 to £750
• Loans terms of 1 to 6 months
• Interest rate below the FCA cap for our product
• Flexible repayment options, including early repayment
• No guarantor required
• A simple application form
• A thorough approval process to ensure affordability
• Automatic repayment reminders and collections
• A friendly and considerate customer service team to assist with any issues
• Highly recommended by our customers on TrustPilot, with an “Excellent” rated service across over 2,000 reviews.
6 ways you can find emergency cash
1. Cash advances from credit cards
Cash advances from credit cards are a viable option for those who have already been approved for a card and don’t mind paying a fee to access their emergency cash. This would be an excellent choice if your bank account is in dire straits and you need access to cash right away. Be very careful when considering this option because it’s easy to get yourself into a lot of trouble if you don’t pay off your credit card balance, including high interest rates and penalties for late payments.
2. Personal loan
A personal loan is an option if you have a credit history. It will allow you to get approved, but it’s important to be aware of the interest rates and fees associated with the loans before making any decisions. The good thing about this avenue is that you’ll often get lower interest rates than other options because you’re borrowing money from a bank instead of a payday lender.
3. Side hustle
If you have time after your day job, you could consider a side hustle or working as a freelancer and make some quick cash. Freelancing is becoming more prevalent as people look for ways to diversify their income and find new sources of emergency cash. Many reputable firms can connect you with customers, or if you’re an uber-savvy marketer, you may be able to market your services on your own. You may even be able to get more money from your side hustle than you typically would at your day job!
4. Sell your old products
eBay and other online retailers can give you a quick influx of cash if you have products sitting around your house that you can sell online. You can list old electronics, books, games, and even clothes to make money. After all, one man’s trash is another man’s treasure!
5. Sell your items at a pawnshop
If you have valuable jewelry or other valuables, consider taking them to a pawn shop. You might be able to make a good deal of money by selling the items at a pawn shop because their rates are very low and they can help you get quick cash quickly. It’s important that you only take items that you don’t need and that you understand the process before getting into this type of arrangement.
Conclusion:
There are many ways to find emergency cash when you need it most. The key is to stay calm and understand that there are options out there for everyone, even those who have bad credit or no money! But you should always be prepared for emergencies so you don’t have to face these issues in the first place. So, save up for rainy days and make sure all your bills are paid on time to avoid spending this hard-earned money!
Photo by Mikhail Nilov from Pexels
