Tower Loan Blog

Need Money Now? 4 Strategies for Fast Cash

Imagine this: You wake up one morning only to realize that you need money now, bad credit is haunting you and there are piles of bills waiting to be paid.

How does it feel? Pretty devastating, right?

Realizing that you need money today while you are in a financial pinch is not a pleasant experience. But, financial emergencies often arrive as unannounced guests. Having an emergency fund for such situations is always the best way to go, but not everyone is a wise spender.

If you’re sitting in bed and wondering, “I need money fast! What do I do?”  we’ve got you covered!

In this blog post, we’ve compiled four quick ways to help you get cash now.

“Oh, I Need Money!” 4 Options to Get Cash NOW

These 4 ways work best if you really need money now.

1. Borrow from Friends or Family

Need money fast? Just go to your friends or family and tell them, “I need money, help me!” Or, kindly asking might have a better outcome.

We understand that nobody likes asking their friends and family for financial assistance. And, even if they are more than happy to help you, it can still feel really uncomfortable.

But when you need cash now, sometimes family and friends are the only ones you can rely on.

The best part about borrowing money from your friends and family is that they are less likely to charge you interest. This means you can borrow that money for free. Also, unlike regular lenders, they may understand if your repayment schedule gets a little inconsistent.

On the downside, there are chances of ruining your close relationships if you fail to pay back the money in time. To avoid this situation, ensure that both parties are crystal clear on the terms of the loan. Craft your own loan agreement to keep things in writing.

2. Sell your Stuff

If you really need money now, a great way to earn it is to sell your things. Look around and see what stuff you no longer use. Maybe you’ve got an extra phone or old books that you no longer read. Or, maybe you can pick out some clothing pieces from your wardrobe that are still unused.

Consider selling your stuff online. You’ll find plenty of platforms such as Craigslist, eBay, Facebook Marketplace, or other apps. But, you’ll have to set up your account, take pictures of your items, and create a catchy ad to attract buyers in hopes of making a fast sell.

Keep in mind that your things won’t go at the price you bought them. So, keep the prices reasonable and negotiable. You don’t want to wait around for someone who’s willing to pay well. You need money now, not later, right?

Plus, meeting strangers off the internet can be risky. Instead, meet the buyers in public places. If the buyer lives in a far off area, you may also have to consider the courier costs.

3. Easy jobs to make money fast

If you’re thinking, “I need cash now, and they’re telling me to get a job!” Let us tell you that there are plenty of legitimate jobs to make quick cash.

For example, you can participate in online surveys. Research companies are always recruiting new members worldwide to answer surveys and test new products. For a few minutes of form filling, you can earn points, which are paid as cash or rewards. You can bag up to $10 for some surveys.

If you’re pretty nifty with a web browser, you can also review websites to get cash now. Better yet, try your hands at Uber and Lyft. Recent earnings data suggest that a Lyft driver makes about $210 per month whereas, an Uber driver earns around $155 monthly.

4. Consider a Loan

When you need quick access to cash, you may consider quick loans. These are usually personal loans that are available from various sources. However, while some companies may be reliable, others can be predatory. So, it’s important to do your research and understand your loan options.

You can find personal loans offered at credit unions, online lenders, traditional banks, and some other non-traditional lenders. These loans are usually unsecured, which means the money is not secured by an asset or property as collateral, such as a vehicle or house.

Though a quick personal loan can give you fast access to money directly deposited into your bank account, keep in mind that some loans charge excessive interest rates and high fees.

Tower Loan Can Help

It can be a pretty daunting situation when emergencies cause you to need money now. Desperate times may call for desperate measures. Which also makes you vulnerable or susceptible to fall prey to online scammers. These people promise to pay you well, only to disappear at the last moment.

Choose a safe and reliable method to get cash now, like Tower Loan. With our online loans, we make it easy to apply in 10 minutes or less. You can borrow funds quickly without leaving the comfort of your home.

Submit your application within business hours, and expect to hear a decision within just minutes. Apply now to get started!