1. Earnin Best for hourly workers

Earnin is an app that allows you to borrow against your next paycheck quickly without any fees or interest payments attached.

When users sign up for the app, Earnin connects their bank accounts to verify their payment schedules. The app calculates users’ hours by tracking how long they’re at work using their phone’s GPS or by allowing them to submit a timesheet. It then determines hourly pay rate based on how much money the user receives in direct deposit.

Earnin allows you to withdraw wages that haven’t been paid for by employers yet. When the next paycheck hits your bank account, Earnin automatically debits your account for the amount that was borrowed.

Initially, users can only withdraw up to $100 each pay period. The maximum amount that can be withdrawn is $500 but only after users establish a record of app use and repayment.

There is no fee attached to the service. Earnin makes money from voluntary tips from its users.

  • Costs: voluntary tips
  • Max advance: $100 to $500

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How can I receive an instant loan?

If you match the following criteria, you can complete an online loan application and ensure that you meet the basic eligibility requirements:

  • Are at least 18 years old (or the minimum age in your state)
  • A United States national or resident
  • Presently working or has a provable source of income
  • You have the ability to obtain direct deposits into your bank account.
  • Possess a physical address, email address, and a contact number

6. Peer-to-Peer (P2P) Lending

Peer-to-peer lending websites connect borrowers with individuals or groups of individuals who are willing to loan you money. Interest rates vary, and the best platform for you will depend on your credit and the amount you want to borrow.

Peerform, for instance, offers rates as low as 5.99%, but loans are limited to $25,000. Rates on sites like LendingClub and Upstart are over 8% for their best-credit borrowers; LendingClub and Upstart offer loans up to $40,000 or $50,000, respectively.

24. Money-making strategy: Rent a spare room on AirBnB

AirBnB can be a terrific platform for renting out a spare room. You can make some good money, especially if you live in a tourist destination. If you don’t mind the neighbors, then this is definitely an option. You can crash with friends and family and rent out your entire house if you’re really desperate.

Related: What You’ll Really Earn on Uber, Airbnb and TaskRabbit Every Month

Fast Cash Loans Online (Same Day Deposit) Quick Cash For Bad Credit

GreendayOnline can provide you with money anytime you need them with a cash loan. Our loan application procedure is simple and quick. You have to fill out a short loan application by clicking on the link below to get started. Our loans include low-interest rates and periods that are customizable.

The loan will be handled swiftly, and you will be notified of the decision (along with the loan amount) as soon as possible. GreendayOnline is committed to assisting our borrowers in securing a secure financial future.

8. Life Insurance

If you have a permanent life insurance policy with cash value, you may be able to borrow against it. A permanent life insurance policy is one that lasts your whole life as long as you pay the premiums. This is different from term life insurance, which only covers you for a specific period of time (or “term”) and has no built-up cash value.

Borrowing from your permanent policy requires that it has accrued enough cash value, which takes time. Call your insurer if you’re unclear whether this is an option for you. Bear in mind that borrowing will decrease the death benefit in the event that you die before you repay the loan, and you may face interest charges, although they’re typically low.

If you don’t already have permanent life insurance, don’t go out of your way to get it solely for use as an emergency fund. Premiums for permanent life policies are normally much higher than term life policies, and the extra money you’d pay each month may be better used growing a more liquid emergency fund.

14. Money-making strategy: Become a personal training

If you understand fitness, you could be a personal trainer. People pay good money for personal trainers, if only to have someone keep them on track towards their goals. You can add value while also helping yourself financially.

This could also break off into nutrition and assisting people with meal plans, and so on. You could solicit clients in your local gym, but depending on where you live, you might need some certification to do this (not to mention the gym’s approval). You could also use a site like FitnessTrainer to advertise your services.

Related: This Entrepreneur Lives in the Back Room at a Gym While Building His Business

3. Dog Sit Or Baby Sit

Notice the order of operations there? Hahah. Anyway, if you have some time (like less than an hour), you can sign up to dog sit or baby sit for people near you. 

If you’re a pet lover, check out Rover! It’s an app that connects you with people looking for dog sitters, house sitters, and even dog walkers. It’s super simple to sign up and get booked for gigs in your area!

If watching children is more your thing, check out Sittercity. You can sign up in minutes to be a baby sitter in your area. You do have to clear a background check, but that’s quick – and then you can start getting gigs nearby. One of the best things to do is be available for last minute needs – they pay well and can likely work around your schedule.

To get started, check out these services:

Why Should I Enquire for Fast Cash with Pheabs?

Pheabs offers a simple, fast and effective way to borrow money. Our online form is connected to multiple lenders so you can maximise your chance of approval and get the best rates possible. We are passionate about helping people get the right product for them – with the bonus of no fees for applying or impact to your credit rating. With lenders operating across numerous US states, we are in a prime position to help you get the quick cash that you need and in the most responsible and thoughtful way.

Here are some Loan Methods when you need Emergency Cash Immediately

Loan Method #1: Resale/Pawnshops

Okay, granted this is the way you want to go if you have jewelry, electronic equipment, tech gear, or even an old stamp collection. This is a good way to just sell off some clutter in your home that you might not need or want anymore. Plus, it’s instant cash or a check on the spot. When you are truly in a bind, this can help you get through a few days until you can get a more significant loan. Or if you are one of those people that need a short term loan with bad credit.

Loan Method #2: Payday Lenders

This kind of loan only works if you have a regular paycheck coming in on a weekly or biweekly basis. There are “cash advance” or payday lenders all over the place in most major cities. All you need to do is Google to find a listing nearest to you. Some of the more popular ones are Speedy Cash, Money Tree, or Fast Loan Advance.

Make sure you bring a few different pay stubs, your picture ID, and some places require that you have a checking account with actual checks and not just a regular debit card. It takes around twenty to thirty minutes to sign up for your first loan because they go through a ton of paper work and make you sign different forms. The second time you go in, it’s much faster.

Loan Method #3: Credit Card Advance

Of course, with this loan method you need to have a credit card with some available credit on it. If you find that you are maxed out it might be a good idea to call your credit card company to ask for an increase. Then you can usually take out a cash advance right at an ATM of a certain amount of money. These specific amount varies per your available credit and how much the credit card company will let you advance.

If you find you need more, it’s always a good idea to call and talk to an actual customer service specialist who might be able to help you out if you are in a serious emergency situation and you have always been in good standing with them payment-wise.

Loan Method #4: Bank Loan

Your regular bank might be able to give you a short term or small cash loans online. This is especially true if you are also in good standing with them and don’t have a history of racking up overdraft fees. Some of the large chains like Wells Fargo, Bank of America, and Chase have programs in place that will come to your rescue if you need emergency funds. Check with your banker at your local branch to find out how they might help you secure a bank loan.

Loan Method #5: Local Credit Unions

Local credit unions are all about financial wellness, so they might be able to help you out in a pinch. Even if you aren’t a member, it’s worth looking into because they offer a variety of services that might be able to get you through a difficult financial time in your life with a job loss, illness, or family situation.

Loan Method #6: Peer Lending

Peer lending or straight up asking for donations through social media like Facebook, Twitter, or IG might seem a little desperate, but think about it. You have a full list of family and friends on Facebook. They might be more than happy to swing a few bucks your way if you are in dire need.

Facebook even has a program that will populate a page for you to ask for charitable donations from the people on your friend list that you invite. This is an excellent way to help with money for school, medical bills, or even late mortgage payments if you have some generous friends.

3. Brigit Best features

Brigit is another app that helps with budget management and offers cash advances to stretch funds between paychecks.

To get an advance, Brigit needs to connect to a user’s checking account that has an active history for at least 60 days. Additionally, the checking account must have a positive balance and a record of at least three direct payroll deposits.  Assessments of your bank account and spending history factor into a Brigit score, which the app uses to determine whether you qualify for instant cash. Users may qualify for up to $250 in cash advances. Brigit then sets a due date for the loan’s repayment.

Users who qualify for instant cash through Brigit also have the option to turn on an automatic transfer feature that sends an advance to the user’s bank account when they’re at risk of an overdraft. Plus, like the Dave app, Brigit can help you find a side hustle to bring in extra income when you need it.

The basic membership to Brigit is free but doesn’t include access to cash advances. That service requires upgrading to Brigit Plus for $9.99 a month, which includes several other features to boost users’ financial health, including a credit builder, identity theft protection and repayment extensions that allow users to reschedule their due dates.

  • Costs: $9.99 a month to access the cash advance feature
  • Max advance: $250

How can I get emergency money fast?

If you’re in a financial jam, there’s no guarantee you’ll be approved for a loan or that you’ll be approved for funds as quickly as you hope.

There are some loan options that offer funding quickly that are often less favorable to borrowers. For example, payday loans, auto title loans, and other high-interest, short-term debt can be incredibly expensive. You should try to avoid these types of loans whenever possible.

Payday loans and payday advances

payday loan is a type of quick personal loan that’s typically for $500 or less and due on your next payday.

Lenders that offer payday loans often charge exorbitant fees, which can equate to interest rates of around 400% in some cases. To put things into perspective, a $500 loan with a $50 lending fee equates to an APR of more than 260%.

Payday loans can often be rolled over or renewed for only the cost of the lending fee, which increases the total cost for the borrower, and moves the loan out to the next payday.

This cycle of applying for and then renewing payday loans can quickly put you in a cycle of debt, so applying for this type of loan to get funds quickly should be avoided whenever possible.

A potentially cheaper option is a payday alternative loan, which is a small-dollar loan offered by certain federal credit unions. Application fees can’t be more than $20, and interest rates are capped at 28%. To apply, you’ll typically need to be a credit union member for at least one month.

Car title loans

A car title loan is another expensive short-term loan.

This is a type of secured loan, where your vehicle is used as collateral. This means your car’s title or registration is left with the lender until you pay back the loan in full — and can be repossessed if you don’t make your payments as agreed. You must repay the loan with interest and fees, typically within 15 and 30 days.

Car title loans are expensive — they’re often offered by predatory lenders and should be avoided if possible. A 2016 report from the Consumer Financial Protection Bureau found that one in five auto title loan borrowers had their vehicle seized by a lender for being unable to repay the loan.

Pawn shop loans

With a pawn shop loan, you can use an item of value to secure the loan. A pawn shop will assess the value of the item and keep it on hand as collateral to back the loan.

Examples of items you can use as collateral for a pawnshop loan include jewelry, musical instruments, electronics and other high-value items. Terms for pawn shop loans vary and often include high interest rates.

You’ll typically be required to pay back the full amount of the pawn loan to reclaim your pawned item, though the amount of time you have to repay the loan can vary from state to state.

2) Take on Odd Jobs

If you don't have any high-value items to unload, you can try selling your services instead—especially if you are out of work and have time on your hands. You might babysit and/or pet-sit for friends or start up a neighborhood dog-walking service. According to ZipRecruiter, the nationwide average hourly wage for a babysitter is $17 an hour, while pet sitting pays an average of $14 per hour. Dog walkers can typically earn about $15 an hour, according to PayScale.

If you're not up for dealing with dogs or kids, you might offer to mow the grass and wash cars for people in your neighborhood, or drive a neighbor's elderly aunt to her doctors' appointments. Or, if you enjoy driving, you might sign up to be a Lyft or Uber driver. According to Gridwise, rideshare drivers' earnings in 2021 depend on where they live, but range from $14.65 per hour in San Antonio, Texas, to $19.44 in California's Bay Area.

You could also grocery shop for busy friends or older adults, or offer to repair and paint your sister’s dilapidated fence. Depending on how many jobs you take on and how much you charge for each task, you could scrape together a few hundred bucks within a single weekend. If you don’t have enough people who need work done, try signing up for jobs through websites such as TaskRabbit, Thumbtack, or skills-based work in Upwork, Freelancer, or Fiverr.

An emergency fund can provide a financial cushion to help when unexpected costs, like medical bills, or loss of a job, occur. Try to set aside money when you can to start one.

How to apply online for cash advance loans?

  1. Select the most suitable variant of cash advance loans instantly.
  2. Make sure you are eligible to apply.
  3. Decide on the amount and term of the credit.
  4. Fill out application form through safe internet browser.
  5. Double-check if information you entered is correct and apply for.
  6. Get the answer after your online request for cash advance is processed to 24 Hours.
  7. If lending decision is positive, get the funding on account deposit same day.

Better Preparation for Future Emergencies

Unpredicted costs and emergencies can put a serious dent in almost anyone’s budget. If you’ve found yourself in this type of predicament, don’t worry – you’re not alone. Around 60% of American households deal with at least one cash emergency per year. According to FEMA, one-third of Americans don’t have any savings to fall back on, either. That’s a large group of people looking for answers on how to get quick cash and similar questions.

Knowing that you are not alone may be helpful for your morale but won’t actually solve the problem. So, if you are panicking about the current situation, hopefully, our tips from this article can help you out. Still, to avoid getting yourself into the same position again, here are some things that you should consider doing.

Consolidate Your Existing Debt

To reduce the chances of cash emergencies ever happening again, you should consider paying off your debts as soon as possible. Consolidating all your loans under one roof is very much advisable, as it will undoubtedly lower your loan payments. There is no easy way to make money, but getting out of your debt faster and saving all those greens typically spent on paying back interest is a great start.

Reach Out To Your Financial Advisor

If you’re struggling with finances, reaching out to a financial advisor might be a good idea. It is also a good solution if you managed to put some money on the side and are now looking to grow it further. Whether you’ll benefit from hiring a financial advisor usually depends on the amount of money you would like them to invest for you. Mostly, it’s about your investment goals – and yes, it is one of the safest ways to make money, but in the long run.

Invest in Your Future

With so many automated investing advisors and investment apps available online these days, there is almost no excuse for not investing in your future. Even beginners can effortlessly sail in the world of investing and turn those $2 into something you can rely on for future emergencies. 

Balance Transfer Options

For those that have good credit, researching your balance transfer options is also advisable. Even the simple act of getting a refinancing loan at half of your current interest rate can help out immensely, leaving several hundreds or even thousands of dollars you would have spent on interest in your pockets instead.

It would take you much longer to earn that money online. Once you’re confident you can repay the loan within a specific time frame, look for balance transfer cards with a 0% introductory interest rate. It will allow you to repay your debt without worrying about interest rates during the grace period.

Budget Wisely

Balance transfers and investments aside, the best way to avoid getting into a similar situation again is to budget wisely and not spend more than you have. Take your time to re-evaluate your spending habits, outstanding bills, and expenses. Try to find the extra funds you could put away for rainy days. 

Try some of the get money fast recommendations we’ve covered here. Also, try having a designated spot for saving pennies your couch would otherwise eat, and pay off your student or other outstanding debts as soon as possible to save on interest. There are many ways to find extra funds you can put towards your savings account. 

3. Retirement account loan

                          iStockphoto
iStockphoto

If you prefer to use your own money to help fund your emergency, consider taking a loan from the money you have invested in your 401(k) or IRA. The interest rates are usually low and it won’t impact your credit score, but you might have to pay this loan back in a certain window of time or face penalties. You should steer clear of this method if you may lose your job anytime soon. Usually you must pay back the loan entirely if you leave the job or the loan will be considered an early withdrawal.

The added caveat here is that you should always be cautious of borrowing from your future — retirement funds generally shouldn’t be used as emergency funds, but sometimes life happens and you have nowhere else to turn.

Key benefits of payday advance loans from Instant Cash Advance

Easiness of applying Fill out short application forms in few minutes and get immediate decision. Same day funding If cash advance is requested till 10:30 a.m. you might get funds on bank account the same day. Direct deposit Funds are directly deposited to your bank account or credit / debit card within one business day. Safety and Security Instant Cash Advance follows OLA and CFSA best practices for lenders as well as federal and state payday regulations.

Unlike bank credit, credit cards or finance company loans, our cash credits are fast and convenient. Due to cash advance online is short-term unsecured personal loan there is no need in large paperwork. Also, credit score checking policy is not as hard as there. We offer competitive rates without hidden fees.

7) Borrow Money From Friends or Family

We saved this one for last because it really should be a last resort. While borrowing money from friends and relatives may be a quick fix, it can lead to some adverse consequences. When a loved one lends you some cash, it can put a strain on your relationship—especially if you don't pay the person back quickly.

According to an article in Psychology Today, unpaid loans can lead to lingering bad feelings between the lender and borrower. If you plan on borrowing money, it's probably best to draw up a contract stating when you will begin to pay back the lender and if you will also pay interest on the money borrowed.

5. Sell Your Unused Gift Cards

It seems like the older I get the more gift cards I get – a lot of them are for places I never even go to! While I appreciate the gesture I also don’t want to let those gift cards go unused. Luckily there are tons of places where you can cash in unwanted gift cards.

If you need money on the spot you can now sell your unwanted gift cards at Coinstar machines. Just look for the special kiosks, scan your gift card, and you’ll instantly get a cash offer.

We recommend you check out CardPool to sell your giftcards. They have the best prices, and they typically offer a bonus if you select an Amazon giftcard in exchange.

How Do Repayments Work?

Your repayments will be collected from your bank account on a scheduled pay date that you select – with most customers choosing a date at the end of each month. If your loan only lasts for one month (see payday loans online), then you will likely pay the entire loan and interest in full on your next payday from work. If your loan lasts for 3,6,12 months or longer, you will typically pay back in equal monthly instalments (see installment loans). The lender will automatically collect repayments from your account and send you a reminder by email and SMS on the days leading up to collection, so you are fully aware and there are no surprises.

Avant: Good for people with less-than-perfect credit

Why an Avant personal loan stands out: If you’re approved for an Avant personal loan, you could have funds transferred to your bank account as soon as the next business day, depending on what time the application is approved. (Though depending on your bank, it could take longer to access your cash.) Avant is worth a look if you have less-than-perfect credit and are facing an emergency expense. But keep in mind that its rates are higher than you may find elsewhere.

Avant’s unsecured personal loans range from $2,000 to $35,000 (the lender may offer different terms on Credit Karma).

  • Fees can add up — Avant’s loans may come with an administration fee, as well as late fees and dishonored payment fees.
  • Prequalification application — You can check your potential rate without affecting your credit scores, which is helpful if you want to view estimated terms before you officially apply. But keep in mind that you may not be approved or your rates may change if you do move forward. And Avant will perform a hard credit check if you do apply, which can lower your credit scores by a few points.

Read our full review of Avant personal loans to learn more.

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