If you are absolutely strapped for cash and need to pay for something immediately, taking out a cash advance or payday loan can be a viable option. However, because these loans have high interest rates and the penalties for failed payment can be steep, there are a few steps you should always take before signing on for such a loan.
Step 1: Consider other means of payment.
Spend a little time considering whether there might be another type of loan you can take out for less.
If you're running short on the money that you need for gas, you could be wondering how you can get some cash in a pinch. These are a few ways that you might be able to get cash right now so that you can put gas in your car or cover whatever other costs you might be running short on:
1. Sell Gold
Take a peek in your jewelry box; you might have some old, broken jewelry in there that you no longer wear.
Are you planning you planning to sell your house in the near future in order to relocate to a different city? If you want to make sure that the house is able to sell at a decent price, you must make sure that there aren't any major problems at the time in which it is placed on the market. Even something as minor as a lack of curb appeal can have an effect on the price that buyers are willing to pay for a house.
If you find yourself in a large amount of debt and feel like you cannot get out of it, do not despair. Many creditors can be and are often willing to work with consumers as long as they show a desire to pay off at least a portion of their debt. This is where debt settlement comes in. In a nutshell, this process involves you contacting your creditor and offering to pay a lump sum to eliminate the debt, while not having to pay back the entire remaining balance due.