Sell Old Electronics Or Cell Phones
Do you have old electronics laying around that you could turn into cash?
Some of these items can help you come up with hundreds if not thousands of dollars when you are in a bind.
Electronics You Could Sell:
You could sell these at Pawn shops, just know that they wont pay top dollar for them.
You can also consider buying old electronics and flipping them for a profit. For instance, I have gone to a yard sale and purchased a router for $5 and then sold it for $50.
That was a $45 profit. However, this option only works if you have a little cash to start with.
If you want the most from your electronics, you should consider selling on Offerup or Craigslist so that you can get cash the same business day.
However, if you want to get the most money for your cell phone, a good idea might be to sell it to a company that specializes in buying cell phones from people who want to sell.
One of the best places to sell your old cell phone to get money is Buyback Boss.
Just go to the site using the link above, type in your phones information, and get your quote.
Theyll send you free shipping labels to print out and give you cash as soon as you send in your phone.
Alternatives To Cash Advance Apps
Compare all your options before you go with a loan from an app. You may have cheaper alternatives that can help you improve your finances, credit or both.
Small personal loans: You may qualify for a small personal loan from an online lender. These loans can be as small as $1,000 and APRs are below 36%, which many financial experts say is the highest rate an affordable loan can have. Some online lenders tailor their loans to bad-credit borrowers.
» MORE: Find a small personal loan
Credit union loans: If youre a member of a credit union, you may qualify for a small personal loan with a rate of 18% or lower. Some credit unions offer personal loans of $500, and although they review your credit score to qualify you, theyll consider your standing as a credit union member in a loan decision. Some credit unions offer payday alternative loans, which are small-dollar loans with low interest rates that you repay over a few months to a year.
» MORE: Learn about credit union loans
Other ways to make money: Instead of borrowing, you may find a way to earn some extra money. You can become a rideshare driver, take online surveys or babysit. You can choose a temporary side gig to cover an emergency expense or find one you enjoy enough to keep as an extra income stream.
Most cash advance apps say they can get you money within a day or two, or you can pay a fee to get the money faster.
Standard advances from
Instant Installment Loans Online
These lending services can help you obtain an instant loan that you repay in fixed monthly installments. These companies come in handy when you need loans larger than those available from a cash advance. They all offer fast decisions and fast funding.
|3 to 72 Months|
See representative example
24/7 Lending Group offers installment loan amounts of up to $35,000. Your credit history will determine the loan amount and repayment term you qualify for, but you dont need to worry about being denied a cash loan if you have bad credit.
You may qualify for reasonable interest rates and have several years to repay the installment loan, which will also help your credit score when you consistently pay on time.
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What You Need To Know About Quick Cash Loans
Quick cash loans come in many different forms. And all of them have specific rates, terms and conditions, whether its an online loan or in person. Its important to know the subtleties and distinctions between them so that you get the best fast cash loan for your specific situation. Below is a brief breakdown of the most popular types of quick cash loans out there:
Payday Loans Used for short-term financial needs, a payday loan is a small-dollar loan that borrowers use for emergency situations, or to make ends meet with a short term loan until their next payday, hence the name. Its an unsecured loan, which means that lenders wont require any collateral, and only rely on the borrowers promise to repay. Payday loans are usually for small amounts, ranging up to several hundred dollars. Depending on the lender, they can have extremely high interest rates and theyre usually for borrowers with a subprime credit score, which sometimes necessitates a credit check during the application process. Remember that different types of credit checks may impact your credit score. This is one instant loan that can lead to more financial harm than good. Finding a lending company that offers lines of credit may be a better option.
How Can I Get A Loan Online Immediately
You can get an instant loan very quickly with an online loan-matching company. Its as easy as 1, 2, 3:
You can use the loan proceeds as you see fit. The lender provides you with a repayment schedule.
Typically, on the payment date, the lender will take the money from your bank account. If your account balance is too low, you will probably have to pay a late fee or an overdraft fee.
There are other ways to get an instant loan. One good alternative is to get a cash advance from your credit card. If you have a credit card that allows it, you can get a credit card advance by visiting your nearest ATM.
The amount you can access is limited by your credit limit and current balance. You incur interest daily starting from the date you withdraw the cash advance.
Less desirable options are payday and auto lien loans . Payday loans are expensive and charge high late fees, but you can go to a local payday lender storefront and leave with an instant cash loan in hand.
You can apply for payday loans online at CashAdvance.com, but you will have to wait up to 24 hours for the money to be deposited into your account.
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Personal Loan With No Income Verification
It’s also possible to opt for personal loans without proof of income. Check with companies such as PersonalLoans.com or ZippyLoan, where you can start the process online. You enter your personal information, possible proof of income you have , how much money you need for how much time and the website will match you with someone who is willing to lend money to you in the personal loan network. Annual percentage rates are roughly between 6 and 36 percent.
How Do Instant Online Loans Work
Online loans offer short-term funds that you can collect very quickly. You can use these funds to cover a bill, car repair, or any other expense. Once you fill out an online application form in just a few minutes, the lender can decide whether or not to approve you instantly. Upon approval, you may be able to receive the money in one business day. If you apply for an online loan with Advance America, online application approvals by 10:30 AM EST can get you cash by the end of the day*.
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How To Get A Fast Loan Online
This article was co-authored by Michael R. Lewis. Michael R. Lewis is a retired corporate executive, entrepreneur, and investment advisor in Texas. He has over 40 years of experience in business and finance, including as a Vice President for Blue Cross Blue Shield of Texas. He has a BBA in Industrial Management from the University of Texas at Austin. This article has been viewed 56,594 times.
When money gets tight, sometimes you need a loan in a pinch. A quick online loan can be an attractive option due to its speed and the relative ease of clicking through a website. These payday loans are, however, very expensive and can leave you in more financial trouble than you started with. Consider alternatives, and be absolutely certain you can pay off the balance on time, before considering a payday loan.
Sell Unused Gift Cards
Many websites will allow you to sell gift cards for cash or for even more gift cards. These services are excellent for those times that you need money right away.
A lot of people tend to have gift cards floating around in their wallets or taking up space in their junk drawers. So, take a few minutes to scour your home and see if you have any forgotten gift cards lying around. It only takes a few gift cards to get a quick $100.
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Visit Your Local Bank Or Credit Union
Of course, if 0% APR on up to $250 in just minutes isnt your thing, you could always apply for a traditional $100 loan at your local bank or credit union. Depending on the institution, you may luck out with perks like a low-interest rate or no origination fee, which is an application processing fee.
That said, some banks dont offer personal loans, but those that do may charge interest rates up to or higher than the national average of 12% as of March 2021. And lets not forget about hard credit checks and the high likelihood that you will not have access to same-day funding.
Online Loans Are Safer Cheaper Than Title And Payday Loans
Instant loans online are a reality, whether you need an emergency loan or an installment loan with a longer repayment term. These lending networks can provide access to fast cash within 24 hours.
Moreover, these loans are cheaper and safer than auto title loans or payday loans. If you take an online loan, paying it back on time may help you improve your credit score.
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Where To Get A Same
Personal loan provider: A personal loan is the best type of same-day loan because the APRs are reasonable and borrowers typically dont need collateral to secure the loan. In order to get same-day approval and funding, youll likely need to apply online with the right lender. But plenty of other personal loans offer relatively quick financing . So if its possible to delay your loan by a few days, your choices will open up a lot more.
You can take out a cash loan from your credit cards credit line by getting a cash advance. This allows you to get money from an ATM or bank teller on demand. Its useful in situations where you cant swipe your credit card. However, cash advances are always extremely expensive. They come with a fee of 2% to 5% of the amount you borrow. In addition, cash advances have no grace period, so interest starts to build up the moment you take them out. The average cash advance APR is above 21%.
Of course, if you dont need to pay your expense in cash, you can always use your credit card to make a normal purchase. That could allow you to take advantage of your cards grace period.
HELOC provider: A home equity line of credit isnt a loan exactly, but it can give you access to funds on demand whenever you need to borrow money. A HELOC lets you borrow up to a certain limit at any time, either indefinitely or for a set draw period. You can also borrow multiple times during the HELOCs draw period unlike with a loan, which is a one-time lump sum.
How Do I Get Approved For A Loan Online
Applying for an online loan is substantially easier than attempting to get a loan through a local bank or credit union. Plus, you dont have to dress up for the occasion.
And since there are so many lenders online, they need to compete for your business by offering better loan terms and more flexible acceptance standards. Many lenders specialize in working with consumers who have bad credit and need help finding loan options that work for them.
You can increase your approval odds by following a few simple steps.
Understand your credit history. This is more important than knowing your credit score. While your credit score is often the key that unlocks loan approval, your credit history is what makes up that key.
You can start by pulling your free annual credit report. This wont reveal your actual credit score, but it will give you insight into the good and bad items on your credit file that may help decide your score.
You should have no trouble finding an online lender that will work with your current credit situation. But if you blindly send out applications, you may find yourself doing more damage than good.
Every time you give a lender or credit card issuer permission to check your credit, the company conducts a hard credit check that gives them access to your credit report. These are also known as inquiries, and each inquiry lives on your credit report for two years.
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How Do Payday Loans Work
Once you are approved for a payday loan, your lender will ask you to complete some basic paperwork that can usually be completed online from the convenience of your home. Youll also need to share your bank account information so you can receive your funds.
Your loan repayment terms will vary by lender and loan amount, but some payday lenders will expect the entire balance of the loan with interest repaid within 2-4 weeks. For example, if you borrowed $300, your lender might set up an auto draft from your checking account to repay $340 two weeks later . For larger loan amounts, your lender may arrange automatic payments every two weeks until the loan is repaid. In some cases, you may be able to mail in your payments, but these arrangements are the exception, not the standard.
Borrow Money From Family And Friends
If youre in a bind, try talking to your family and your friends to see if anyone is willing or able to help you out. There are certain ways that you can go about borrowing money from family and friends without jeopardizing your relationship with those people.
First, set up a payment plan so that your family or your friends will feel confident in your promise to pay back the money you borrow from them. Having a plan in place is key. You can also offer to trade services for cash like mowing the lawn, taking care of the house, and babysitting.
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Whats The Best Way To Borrow Money Instantly
If youre looking to borrow money fast in Canada, consider the following:
- 1. Only borrow money from licensed direct lenders.
- 2. Check the lenders requirements to get a loan.
- 3. Ask how can you borrow cash if you have bad credit?
- 4. Youll want a private lender that provides fast, friendly customer service.
- 5. Make sure the company you get a payday advance from is based in Canada.
- 6. Confirm the lending company can operate in the province that you reside in.
- 7. Online lenders must fully disclose the total cost of borrowing which includes their fees and interest rates up front.
Cost Of Borrowing A Loan Without Employment Verification
If you are currently unemployed and are looking to apply for a loan that does not require employment verification, you should be aware of the risks of doing so.
- High-interest rates: Due to the nature of the loan, you as the borrower pose more risks than normal. As such, the lender will have higher than usual rates to compensate for the added risk they are taking on by lending to you.
- Smaller loans: Since the lender cannot verify your employment, they will feel less secure in providing you with big loans.
- Shorter-terms: Lenders will often have shorter repayment periods due to the added risks involved with no employment verification. These loans will often have a repayment period of a few months, making payments less affordable.
- High fees: The risker the loan, the more expensive the loan will be.
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Whats The Best Cash Advance App
Instacash is the best cash advance app! MoneyLion offers loans with 0% APRs, no hard credit checks, and instant money thanks to the Turbo delivery feature.
MoneyLion Pay Later loans issued by WebBank. A soft credit pull will be conducted which has no impact on your credit score. MoneyLion Pay Later loans have an annual percentage rate ranging from 19.99% 35.99%. Terms and conditions apply.
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Benefits You Will Get:
- Quick money transfer. Cash is deposited directly to the borrowers bank account within the same business day. The funds may be utilized for various purposes.
- No hassle. This is a suitable app for consumers who value their time and want to get funded with less effort or struggle. You have a chance to request the funds at any time without any papers or collateral.
- Bill alerts. This app offers bill and balance alerts to have consumers know about the upcoming bills and act quickly.
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