When money is tight, all you can think about is I need money now!
Fortunately, you aren’t completely out of options.
I’ve put together a list of ways to get money really really fast. This list is specifically for people who desperately need money right now.
I’ve done my best to include only include money now ideas that will get you a lot of money in a day or a few days.
This list is really for people who just needs cash now and are having a hard time figuring out how to get it.
Check out the list below:
Four “Need Money Now” Ideas To Get Money Fast
Below is a list of ways to get money virtually immediately. Not only can you get money in just a few days, you can also potentially get a lot of money – thousands of dollars in fact. I would start with one of these 4 things below if you needed money quickly. They offer a great mix of fast cash and reasonable “costs” to get money.
1. Get An Installment Loan
An installment loan is basically a regular loan. You borrow a certain amount of money and you pay back that money (plus interest) over a period of time. The amount of money you borrow can be $1000 to $10,000+. Installment loans are one of the most popular ways to get access to money fast. People that need money often take out this type of loan. Your local bank is a popular place to get an installment loan.
You can also apply for installment loans online. Applications usually take roughly 5-10 minutes, and you can get approved in a minute or less after submitting your application. Also, many online lenders will deposit your loan into your account as soon as the next business day. So essentially, applying for a loan online can be super fast and easy.
2. Get A Credit Card
Applying for another credit card is a great way to get access to money you don’t have right now. Depending on your current credit situation, you could get a credit card for $500 to $10,000+. Credit cards come with higher interest rates compared to an installment loan or line of credit, but it’s an “interest free” loan if you pay all of it back before the due date. If you’re looking for money now and can pay it back relatively fast, then getting a new credit card might be right for you.
Probably the easiest way to get a new credit card is to apply for one online. I would look specifically for low interest credit cards if you plan to carry a balance on it for more than a few months. This will keep the cost of borrowing money as low as possible.
NerdWallet is a good place to research low interest credit cards.
3. Get A Line Of Credit
A line of credit is another fantastic way to get access to money right away. Lines of credit are like credit cards in that they have a limit in how much money you can charge to it. and you are responsible for paying it back whenever you want – but the bigger the balance and the longer you carry a balance, the more interest you are charged over time.
Lines of credit have lower interest rates than credit cards and they are a better long term way to borrow money than credit cards. With credit cards, you should really be trying to pay it back all on time every month. You should try to do this with a line of credit too, but in case you can’t, the lower interest rates of lines of credit will make the burden of borrowing money smaller.
The great thing about lines of credit is that you will have available money to borrow from whenever you need it. This means you won’t have to get a loan every time you need money again in the future. You can simply access the available funds in your line of credit. This is the same with a credit card, however, as I mentioned earlier, credit cards come with higher interest rates and should be paid off every month in full.
You can apply for a line of credit at your bank.
4. Get A Home Equity Line Of Credit
A home equity line of credit is when you use the value of your home to borrow money. What this means is that you have paid off a certain amount of money towards your home. This money you’ve already put into your home can be used to take out a loan. The more your house has been paid off, the more money you can borrow typically.
You will need to own a home in order to get a home equity line of credit. The great thing about HELOC’s is that it’s a pretty secure way to get money right now. But you MUST make sure you are responsible with your loan, because if you aren’t and become delinquent, you could lose your home.
If you’re interested in getting a HELOC, speak with your bank. The can tell you more about how it works and start an application for you.
How To Get Money Fast (If You Have Bad Credit)
Let’s face it. Not everybody has good credit. For the people with bad credit or no credit, it’s really hard to get a loan, and this makes it super difficult for people who need money now.
The good news is that you can still get access to money even with bad credit. These types of loans don’t look at your credit score or your credit history. So it doesn’t matter how bad your credit is. The trade off for this is that you will be charged a higher interest rate than what traditional lenders charge. So, you would only want to apply for these types of loans if you need money really badly and can’t qualify for a typical loan.
5. Get A Payday Loan
A Payday loan is a small loan (usually $1000 or less) that is meant to be paid back by your next pay period – which is usually 2 weeks or less. You can “roll over” your loan which extends the time you’re required to pay it back, but that will cost you extra money.
You would only want to get a payday loan if you really needed money right now and have nowhere else to get money from, and you were able to pay back the loan within 2 weeks or less. Remember, interest rates for payday loans are very high. This type of loan is not meant for long term financing. Just short term money to help get you through the next week or two.
Probably the best place to get payday loans is online. Applications take roughly 5 minutes typically, and you can get approved in a minute or two after submitting your application. Your loan money will also be deposited into your bank account quickly (often as soon as the next day).
You can just Google for payday loans and you’ll find a bunch of places you can apply for one.
6. Get A Car Title Loan
A car title loan is a loan that uses the value of your vehicle to get you money. Basically, you are putting up your car as collateral to get a loan. Since you are using the value of your vehicle to get a loan, the lender isn’t concerned about your credit history or your credit score.
The title of your car will be handed over to the lender and the lender will give you money. Once you pay back the borrowed money, the title of your car will be returned to you. All is good. If you don’t pay back your loan, however, the lender will have the right to take your vehicle. So make sure you pay back your loan!! Also note that car title loans have higher interest rates compared to regular loans.
Much like payday loans, just do a google search for title loans and you’ll find a bunch of places to get one.
Get Money Now With These 2 Popular “I Need Money Now” Ideas
Below are a few ways to get money pretty fast. However, unlike a loan where you don’t have to do anything, except fill out an application, the following will be the “make money” variety. Which means you’ll have to do a little bit of work in order to get money.
I’ve done my best to only include ways to get money quickly. No long term money make money ideas or jobs. Just quick ways to get quick cash for people who need money right now.
7. Paid Surveys
Of all the ways to make money online fast, filling out paid surveys is probably the quickest and most reliable way to do it. It’s really simple and straight forward to do.
You typically are paid a few dollars per survey. Some surveys can pay you $10+ per survey completed. You complete the survey, you get paid. It’s truly as straight forward as that.
Once you reach a certain threshold, you can cash out your money. Your money can be sent to you by check in the mail or deposited into your Paypal account. You can also redeem your money for gift cards to places like Amazon.com and Walmart. You won’t get rich filling out surveys, but it can help tremendously with bills, rent, or paying anything else off right now.
The one thing you want to make sure is that you don’t sign up for a survey website that is a scam.
I’ve put together a list of 10 best paid survey websites that pay well. Check that out here.
8. Download Money Making Apps
Did you know there are apps that you can download and make money with? These apps pay you money for performing a variety of things on it. Some of the things include filling out surveys, watching videos, playing games, and giving your opinion on things. I especially like the job ones where you can find random jobs in your area and get paid to perform them. For example, you could find someone nearby who wants their lawn mowed and will pay $20 for it.
So where can you find these great money making apps?
See this list of 21 Apps That Make You Money
Other Ways To Get Money Fast If You’re Unemployed, Have No Job, Or Don’t Want A Loan
9. Cash Advance On Your Credit Card
If you have a credit card, you can take out money from it. This is called a cash advance. You will usually be charged a transaction fee for taking money out, and also a percentage interest rate for the amount of money you take out – until you pay it back. Cash advances are costly. They are meant for short term fixes. I would only do it if you had little to no other options.
10. Dip Into Your Emergency Fund
If you have an emergency fund, maybe it’s time to use it. This is why you have an emergency fund in the first place, right? If times are really tough financially right now, consider using the money you put away for the purpose of stressful money situations. Only you will know how desperate your financial situation is right now. It can be a tough call but I’d say it’s a good idea if you have little to no other options.
11. Cash Out Your Investments
If you own any investments, you can cash them out. This means you will be breaking the terms of the investment because you are currently in financial hardship. You’ll most likely be charged with a penalty for breaking the terms, and it’s usually significant. You are allowed to take out money from your investment accounts (like your IRA or 401k), however, the penalty will be substantial.
Other types of investments like stocks and mutual funds can be sold fairly quickly at a loss or a gain. Deciding which type of investment to cash out may be a hard decision to make. You can always speak with your bank or financial advisor and get advice. Personally, I would cash out the thing that would cost me the least in the long run. In other words, whatever investment that has the least negative effect on me will be cashed out.
12. Go Into Overdraft In Your Bank Account
Although your bank account may have zero dollars in it, many banks will allow you to go into negative account balance. This means the bank is lending you money, and it’s called an overdraft. To dip into overdraft, you will usually be charged a fairly significant interest rate for the privilege. You don’t want to be in overdraft for too long. Hopefully you have other money rolling in soon, like a pay check or government check. Once this money is deposited back into your account, hopefully it will take you out of overdraft and back into a positive balance.
Some banks require you to apply and sometimes even pay for the ability to go into overdraft. Each bank has their own policy on this. Some banks will simply allow you to go into overdraft without even letting you know your account balance has already gone to zero. Give your bank a shout and find out what their policy is, and more specifically, if you have overdraft ability in your current account.
13. Sell Or Pawn Items You Own
One of the easiest ways to get money fast without obtaining a loan and paying interest on it is to sell your stuff. It’s hard to give up things, but if you’re really stuck financially, and just desperately need money, then this is a great way to generate money. Especially if you have valuable things!
Having a garage sale is an excellent way to make a lot of cash in a few days. Selling items on local online places like kijiji or craigslist is another great way to generate money fast. Depending on your price, item, and demand for it, it’s reasonable to make money in a few hours or less.
Also, pawn shops are great for getting money today. The problem with pawn shops is that you will never get full value for the items you sell, but that’s how pawn stores work. The upside is that you can literally make money in a few hours or less. Gather valuables you’re willing to sell and see what a pawn shop will give you for it.