Three Ways to Get Money Now if You Have Poor Credit

iQuanti: Sometimes unexpected expenses come up between pay periods, and you need some extra funds to get by. But if you don't have good credit, you may be wondering how you can get the money you need quickly. Luckily, there are many options for poor-credit borrowers, from picking up a side hustle to getting emergency loans for poor credit. Here are three ways to get money now so that you can start covering expenses right away.

Sell items you no longer need

If you have any items of value that you no longer need or want, you may be able to get some quick funds by selling them. You can sell gently used items like clothes, antiques, electronics, and furniture on Craigslist, eBay, or social media. You can also create a shop for reselling items on apps like Poshmark, LetGo, or ThredUP. 

You can also host a yard sale or garage sale at home to make some extra money fast. Selling your items to your neighbors allows you to get the cash you need right away without having to pack and ship anything. Another option is to take your pre-loved jewelry to a pawn shop or gold buyer to get cash on the spot. 

Pick up a side hustle 

There are tons of side jobs out there to get extra money quickly. You can deliver food through Instacart, DoorDash, Postmates, or Uber Eats, or drive passengers to and from their destinations using Uber or Lyft. You could also pick up a service-based freelance gig like tutoring, copywriting, editing, virtual assistance, web design, or graphic design work. And if you're good with your hands, you can earn money cleaning homes, working on cars, or mowing lawns in your spare time. 

Get a fast cash loan for borrowers with poor credit

Many lenders offer fast cash loans for borrowers with poor credit that can get you funds as soon as the same day you apply. Here are some loan options that may be available to you:

Cash advances

Cash advances are short-term loans that can get you a few hundred dollars to cover expenses quickly. The amount you can receive depends on how much income you earn. You'll typically repay a cash advance on your next payday, in two to four weeks. 

Title loans

If you need money quickly and own a car, a title loan may be a great way to get money fast. Title loans are secured loans that will let you use your car as collateral. You can receive a loan amount worth a percentage of your vehicle's value. If approved, the lender will hold onto your car title, and you can keep driving your car as you repay the loan. You'll receive your title back once you repay the loan in full.

Installment loans

An installment loan is an unsecured loan that you can repay over time in fixed monthly payments or installments. You'll borrow a lump sum of money all at once and pay it back over months or years, depending on the loan terms. Many installment loans have lower interest rates than other personal loan options. 

The bottom line

If you have poor credit and need money fast, there are many options available. You can sell items lying around your home to get a few extra dollars by having a garage sale or selling online. There are also plenty of side hustles to pick up, like delivering food and freelance work. And if you need extra money right away, you can apply for a cash advance, title loan, or installment loan. Using one of these methods can get you the funds you need quickly to get out of a financial bind. 

Notice: Information provided in this article is for information purposes only. Consult your financial advisor about your financial circumstances.

Source: iQuanti, Inc.


Categories: Personal and Family Finances

Tags: credit, financial services, loans, personal finance