8 Legit Methods That You Can Use To Get Money Fast
Whether you have an urgent medical procedure that you need to pay for or you just got a surprisingly large utility bill, you may need to get your hands on a couple of hundred dollars in under a week. Unfortunately, going to the bank is not always an option, mainly because there is a lot of bureaucracy involved if you want to take out a loan and this the application and evaluation process can take a month or more.
- Take out a payday advance
Most banks offer their clients the ability to get payday advances. These are short-term loans that you can often take out from an ATM. The downside with these is that they will affect your credit score and not all banks include them in their standard packages.
- Pawn or sell items that you no longer need
Look around the house and pawn or sell things that you no longer need or like. If you have old birthday or Christmas presents that you never used, then this is the time to turn them in for a quick buck. If you have jewelry that you don’t care too much about but would still like to keep, just pawn it. You’ll get paid for it in cash and once your financial situation improved you will be able to buy it back.
- Sell your old electronics
Find any old phones that are still in good condition and put them up for sale. Even if they are a couple of years old, you should be able to find individuals who are interested in buying them and who will pay you $50-$200 bucks per phone.
The same goes if you’ve got any old laptops. These may be a bit more difficult to sell, but in the worst-case scenario you can send them to a repair shop and they will pay you for any usable parts that they find.
- Sell gift cards
Look for any gift cards and discount codes that you may have lying around. There are several platforms that you can use in order to sell these and in some cases, you may even be able to bundle them up and sell everything at once. Any kind of discount or gift card will be useful, so try to sell anything that you find.
- Use an online commercial money lending websites
If other methods fail, you can always use an online commercial lending website. These work similarly to banks but they do not perform credit checks. Most of them will also allow you to get a short-term loan in under 24 hours. Adherents is a good example. Finding the right service can require a bit of research, like looking at the reviews that other users left on TrustPilot and similar platforms. Once you find a platform that you’re happy with, the loan request process is simple and should only take you an hour.
- Find a reliable P2P lending platform
Unlike commercial lending websites, peer-to-peer lending platforms only act as facilitators, making the connection between the borrower and lender. These often have smaller rates than commercial websites, however, it can take a couple of days for you to get the money that you need.
The same applies as with commercial platforms. Find a website that fits your needs and then look at reviews from other users. If they had a good experience with their services, then you’re good to go.
- Open up a brand new bank account
Opening a new account at a bank often takes a lot less time than getting a loan. If you need a small amount of money in under 48 hours, find a bank that offers a signup bonus and open a new account. In most cases, your application will be processed in 24 hours and you will have access to the bonus in your new account in under two days. This having been said, keep in mind that closing this new account may be a bit more difficult than it was opening it.
- Refurbish old items and sell them
As a worst-case scenario, if none of the methods above help and have at least a couple of weeks to get the money that you need, consider refurbishing old items. Almost anything that you find old, dusty and rusted will fetch a better price after it’s been refurbished. Go to garage sales and look for bargains. You should be able to find retro tech that is currently making a comeback. Get a few objects, clean them up, repair them using online tutorials and put them up for sale.
Each of the methods included in this article will help you get varying amounts of money in under a month, or a week. Read each of the tips and choose the ones that fit you best. The more methods that you use at the same time, the more money you will make.