There are a million reasons you need money fast, especially during a pandemic. Sure, in the past, it’s because you want to travel to a new country or you want to buy that expensive handbag. But now? It’s even more important to find legitimate sources of money because people are having a hard time coping with the pandemic and its impact on their livelihood. With so many businesses on the verge of closing down, people are always looking for legal ways to earn some fast cash, even in economically stable countries.
What does it mean to have access to fast money? It means not needing to wait for weeks to get approval. It means having that money in the bank account in a couple of days, so you can use it to pay the rent, utility bills, or business expenses. When times are hard, you don’t have time to earn the money through online selling, answering surveys, or freelancing. You need that money right now. So, where can you get it?
Family and Friends
The easiest way to get money is to loan it from family and friends. That is if the amount is not too much. However, the problem with loaning money from family and friends is the impact it could have on your relationship. What if you fail to pay it back on time? Should you pay interest? How much are they going to impose? Is it fair? Do this only as a last resort. And if you do it, put everything on paper and treat it as a business deal. Be honest with the other party, and don’t take your relationship for granted.
You can apply for a personal loan in Singapore from a money lender. The biggest advantage of money lenders from banks is that they don’t require good credit status per se. As long as you can show the necessary documents, money lenders usually approve your loan in as fast as an hour. So yes, you are going to get your money straight away. Just make sure you have all the documents in hand when you go to a money lender.
Do you know that you can take cash from your credit cards? If you are eligible for a cash advance, it means you can use your credit card as a kind of a debit card from where you can get money. Of course, interest rates are higher with a cash advance, so you may want to charge the item or service straight to the credit card if possible. But yes, if you need money fast, you have to go to the nearest ATM and use the PIN code provided to you by the credit card company.
Do you have any valuables lying around? You can pawn jewellery, electronics such as smartphones and smart TV, and other valuable items in your house. Depending on what you are going to loan, you might only get a portion of the total amount. Plus, you have to pay a high-interest rate to get the item back. If you do not plan on getting the item back, consider selling it on social media. Sell it cheap so that you can get the money fast.
You can also use such valuable items as collateral. If you know someone who can loan money, you can offer a piece of jewellery or a gadget as collateral. They might give you more money in exchange because they’re already assured that the money will get back to them in one way or another. If you cannot pay them back on time, they’ll have all the right in the world to sell or auction off the collateral.
Work for It
When all is said and done, and you need the money, why don’t you work for it? But ask your client or employer if you can get paid on that day. For example, you can write some blogs or articles. You can answer online surveys or write reviews. Make sure the clients know you need the money at the end of the day. If you do your end of the bargain, they’ll be more than happy to give you the payment for your services.
Money is hard these days. That’s why you need to be ready for emergencies. You need to make sure that you have a ready fund for whatever circumstances you might find yourself in. And in case you are in your last centavo, know that there are legal ways to get money fast and easy, so don’t lose hope.