Getting An Emergency Cash Loan
There are many ways to get an emergency cash loan if you know what the options are. The best option is to ask friends or family if they can give you an emergency loan. If you do get a loan from someone you know, be trustworthy and arrange to pay them back. Asking friends or family for a loan means it’s unlikely they will charge you interest and will repay only what you borrowed. An alternative option is to ask your bank for a loan. You may have to fill out forms and wait a few days for a decision using this approach. If approved for a bank loan the rate of interest will probably be lower than a payday loan.
Emergency Payday & Instalment Loans
Payday and instalment loans are fast becoming a way of obtaining an emergency cash loan. Completing an application for a short-term loan is quick and easy and can be done online. Applications for payday loans and instalment loans can take around 5-10 minutes to complete. There can be occasions where customers need to email over documents to verify details, but a decision could be given within an hour. If approved, the loan could be funded the same day and some lenders now fund on the weekends which will be comforting to consumers who need the emergency cash as soon as possible no matter what day of the week it is.
Using Pawnbrokers To Raise Emergency Cash
Another way to get emergency cash is to sell old items that you no longer to pawnbrokers. There are online companies who will accept items via post and they will value the items for you and if you are happy they will make you an offer but you do have the option to decline if the price you want is not right. There are also high street retailers that will offer you cash instantly and you have the option to sell your items completely or have the choice of buying back your items within 28 days but you will have to pay interest on top to get your items back.