We’ve all been in a situation where we need fast cash. Whether it’s for an unexpected expense or to cover our bills until the next payday, fast cash is always welcome.
If you’re looking for ways to get fast cash, you’re in luck! In this blog post, we’ll discuss:
- How to get fast cash offline
- How can different fast cash loans help you earn extra money
- What is the Infinite Banking Concept, and show how it can help you get money when you need it most!
Keep reading to learn more!
14 Ways to Get Fast Cash Offline
There are plenty of ways to get fast cash offline. Here are a few of our favorites:
Sell Used Electronics
If you have old electronics lying around, see if you can get cash by selling them!
You can usually get a reasonable price for phones, laptops, and tablets and sell your old electronics on sites like eBay or Craigslist or even at a local pawn shop.
Sell Unused Gift Cards
Do you have any gift cards that you never use? Sell them!
You can sell your unwanted gift cards on sites like Cardpool or Raise. Just enter the card amount, and they’ll give you an offer. The Kiosk offers 95% of the card value, while Cardpool usually offers 85%. Once you accept, you’ll get paid within a few days.
Sell Old Books and Textbooks
If you’re a student or recent graduate, chances are you have some old books and textbooks collecting dust on your shelves. Put them to good use and sell them for fast cash!
You can sell your old books and textbooks on Amazon, Barnes & Noble, or Half Price Books. Just enter the ISBN of the book, and they’ll give you a quote. Once you accept, they’ll send you a shipping label, and you can get paid within a few days.
Pawn Your Unwanted Items
If you have any unwanted items lying around, see if you can pawn them for fast cash and cover the emergency expenses!
You can usually pawn jewelry, electronics, and tools for fast cash. Just take your items to a local pawn shop, and they’ll give you a loan based on the value of your item. You can then either pay back the loan and keep your item or forfeit your item and walk away with the cash.
Do Odd Jobs for People in Your Community
If you’re willing to do some work, you can usually find people willing to pay you for odd jobs like yard work, housekeeping, or even dog walking.
Check sites like TaskRabbit or Craigslist for people who need help with odd jobs in your area. Once you find a job you’re interested in, just contact the person and agree on a price. You can then get paid in cash when the job is complete.
Sell Clothes and Other Items You Don’t Use
If your closet is full of clothes you never wear, it’s time to clear out the clutter and get cash! You can sell your unwanted clothes, shoes, handbags, and accessories on thredUP, Poshmark, or Tradesy. Just enter the items you want to sell, and they’ll give you a quote. Once you accept, they’ll send you a shipping label, and you can get paid once your items are received.
Rent Out a Room in Your House
If you have an extra room in your house, consider renting it out on Airbnb! You can usually charge around $50-100 per night, depending on the location and amenities of your room.
Just create a listing on Airbnb and include pictures and a description of your space. You can then set your price and schedule. Guests will book their stay through Airbnb, and you’ll get paid when they check in.
Host a Garage Sale
If you have any unwanted items, consider hosting a garage sale! You can usually make around $100-200 from a successful garage sale.
Just advertise your garage sale in your neighborhood or online, for example, on Facebook Marketplace. Then, set up your items and start selling! Be sure to have plenty of change on hand to make fast cash for your unwanted items.
Become a Driver for a Ride-Sharing Service
If you have a car, consider becoming a driver for a ride-sharing service like Uber or Lyft! You can usually make around $20/hour from driving people around your city.
All you have to do is sign up to be a driver on the Uber or Lyft website, and they’ll give you all the information you need to get started. Once approved, you can start picking up passengers and getting paid!
Work for a Delivery Service
If you don’t mind doing some physical labor, you can usually find a job with one of the delivery services like Postmates or DoorDash. You can make around $15-25/hour from delivering food or other items to people in your area.
Go to the Postmates or DoorDash website to sign up, and once you’re approved, you can start picking up orders and getting paid!
Tutoring
If you’re good at a particular subject, consider becoming a tutor! You can usually make around $20/hour from tutoring students in your area.
Ask around to see whether any high school or college students need help with passing a subject you are good at, or sign up on a tutoring website or app and start applying to jobs.
Babysitting
Babysitting is a great way to make money fast if you like kids! The going rate for child care services is around $15-20 per hour.
Check with your neighbors or friends to see if they need a babysitter and then start watching their kids! Just be sure to have some fun activities planned so the kids are entertained while you’re babysitting.
Petsitting
Another great way to make fast cash is by petsitting! If you love animals, consider offering your services to watch people’s pets while they’re out of town.
You can usually charge around $25 per day for dog sitting and $15 per day for cat sitting.
Work Today and Get Paid Today
If you need fast cash and you’re willing to work for it, there are a few ways you can get paid today. You can usually find jobs like yard work, housekeeping, or dog walking on sites like TaskRabbit or Craigslist or make money online through freelancing.
Get One of the Fast Cash Loans
Getting into debt is not a fast way to get cash. In fact, it’s the opposite. But if you’re in a pinch and need cash, you might consider taking out one of the quick cash loans. There are several alternatives available now, from personal loans to borrowing from your 401(k) plan. They are suitable for those with less than perfect credit score who need some quick money.
Let’s have a look at some of the safest choices:
Personal Loans
A personal loan is a type of unsecured loan that you can use for a variety of purposes, such as debt consolidation, home improvement, or medical expenses. To be eligible for a personal loan, you typically need to meet the following requirements:
- Have good credit to pass the credit check
- Have a stable income
- Have a reasonable debt-to-income ratio
If meet all of the above conditions then a personal loan could be fast cash for you. The average personal loan is about $15,000 and has an APR of around 12% – however, interest rates can go higher, depending on your credit check.
However, in case of bad credit, getting any type of loan could be difficult and you may have to look for other fast cash options.
An emergency loan is always a bad idea, and should only be used as a last resort. You are looking at 36% APR, high-interest rates, more bad credit, and debt.
Payday Alternative Loan
An alternative payday loan (PAL) is one type of short-term loans, an unsecured fast cash loan that borrowers can use to cover expenses until their next payday. Alternative payday loans usually have a longer repayment term than traditional payday loans, and APR rates are significantly lower.
To be sure that your loan request for payday loans won’t be denied, you must meet the following requirements:
- Be a member of a credit union for at least one month
- Have direct deposit set up with the credit union
- Demonstrate an ability to repay the loan.
PALs are typically small loans, ranging from $200-$500. The repayment term for a payday loan is usually two to six months, and APRs usually range from 28% to 32%.
These are online loans, so you can apply online, set up a loan agreement and loan payments from your home, and receive the money directly to your bank account.
Short Term Cash Advances
If you have a credit card, you can use it to get money by taking out a credit card cash advance. This is similar to getting money immediately from your bank account via ATM.
You can get money fast from your credit card account using a teller or ATM. The transaction will show up as a purchase on your statement, and the APR for cash advances is usually higher than the APR for purchases.
For example, if you have a credit card with an APR of 18% and you take out a $100 cash advance, you’ll be charged $18 in interest. Maximum loan amounts depend on your card, and loan request and the interest will continue to accrue until you pay off the entire balance.
If you don’t already have a debit card, we do not recommend applying for one, as you will have to put in money to set the credit limit.
So, if you’re in need of cash, a cash advance could be an option for you. Just be sure to pay off the balance as soon as possible to avoid accruing too much interest.
The Loan From the Retirement Account
If you’re in real financial trouble and need emergency cash, but don’t want to deal with cash loans, you might be able to borrow from your 401(k) plan.
The downside is that you’ll have to pay the loan back with interest, and you’ll be depleting your retirement savings account. Furthermore, if you do not repay it on time, it will be considered taxable income. So, if you do decide to borrow from your 401(k) plan, make sure you can afford to pay the cash loan back within a few years.
Auto Title Loans
An auto title loan is one way to get money without turning to traditional lenders.
An auto title loan is when you use your car as collateral to borrow money. The amount you can borrow is usually based on the value of your car, and the terms of the title loans are typically short-term loans, ranging from one to four years. There are no credit checks or mainstream lenders you will have to deal with.
The interest rate for an auto title loan is typically high, ranging from 25% to 300%. And if you can’t repay the loan, you could lose your car.
Installment Loans
An installment loan is a type of quick loan that is repaid over time with a set number of scheduled payments. The term of the loan can vary from a few months to several years, and the amount you can borrow depends on your income and credit history.
Installment loans typically have lower interest rates than payday loans, and you can get an installment loan without worrying about credit scores.
Other Alternatives
If you cannot send a new loan request and ask for one of the quick loans, there are other things you can do to get fast cash.
Change the Insurance Premium Payment Date
One fast way to get cash is by changing the due date of your insurance premium. Insurance companies typically offer a grace period of about 30 days, so if you can wait to pay your premium until after the due date, you’ll have an extra month to come up with the cash.
Just be sure to keep track of when the new due date is, so you don’t miss the payment and get hit with a late fee.
Cut the Insurance Premium
Another fast way to get cash is by cutting your insurance premium. If you have a life or health insurance policy, you can usually reduce the premium by increasing the deductible. This will lower your monthly payments, giving you some extra cash in the short term.
Of course, this is only a good idea if you’re healthy and don’t think you’ll need to use the insurance policy in the near future.
The same goes for home or car insurance. Compare the insurance quotes, and see whether you can get the same coverage but at a different price.
Refinance Student Loans
If you have student loans, you might be able to refinance them and get a lower monthly payment. This will free up some cash each month that you can use for other purposes.
Banks are willing to consider student loan refinancing if credit scores are good and you have a steady income.
Reduce the Number of Creditors You Deal With
If you have a lot of creditors and credit difficulties, it can be tough to keep track of everything. And if you’re behind on payments, the late fees can start to add up.
One fast way to get some extra cash is by reducing the number of creditors you have to deal with. By consolidating your debt or transferring the balance to a 0% APR credit card, you can do this.
These options will allow you to make one monthly payment instead of multiple payments, and you’ll save on interest and late fees.
How About Borrowing From Yourself to Get Fast Cash?
Have you ever thought about being your own lending partner? If you have quick cash needs, one option is to borrow money from yourself. Forget about the credit checks, money on your checking account, and high and low-interest rates. You can be your own financial advisor, build good credit on your policy, get quick cash, and watch as the amount of money in your bank account is rising.
The Infinite Banking Concept is a way to use cash value life insurance as your personal banking system. With infinite banking, you are the bank. This means that you keep your money in your own policy, where it grows tax-deferred and can be accessed through policy loans without worrying about a credit score or an interest rate.
You can use the loaned money for any purpose, including investing, starting a business, buying real estate, funding your child’s education, or even just for a car repair. The best part is that you are paying yourself interest on the loan, which you can then reinvest back into the policy and save money. As a result, you are able to compound your wealth over time and build a powerful financial foundation.
The Infinite Banking Concept is a simple yet powerful way to grow and preserve your wealth and stop worrying about your credit score in the bank. If you are looking for an alternative to traditional banking, Infinite Banking may be right.
Final Thoughts
So, if you’re in a bind and need some fast cash, don’t worry! There are plenty of ways for you to get the money you need. You can take out a quick cash loan from your bank or credit union, borrow money from friends or family, or use a lending service like Prosper or Lending Club.
And if you want to learn more about managing your finances and growing your wealth over time, sign up for our Wealth Nation Money School today. We’ll help you get on track to achieve your financial goals.
