Thanks to modern banking capabilities and the internet, we can get credit the very same day. If you need fast cash and money in your account today, you have more than one option. Here are five ways to get fast cash right now.
Common Reasons People Need Fast Cash
There are lots of reasons why you may need fast cash. The most common include paying for unforeseen medical expenses or white goods and car repairs.
Most of the time, a car needs instant repairs because it is what we use to get to work. Not repairing it can be more costly than repairing it. With the average cost of car repairs costing £84 per hour, these bills remain expensive.
The COVID-19 pandemic may have caused your family to need a short cash injection to get through the unstable period.
- Fast Loans Online
Fast loans are a type of loan that you get a decision on immediately after applying. They are applied for online with loan companies who will check your information before either approving or declining the loan. These fast loans are not just decided on instantly, if accepted you will get the money the same day.
You could access fast cash via an online provider like Wonga; however you will still need to prove your income and be accepted to get the money in your account on the same day. Even then these providers rarely offer an iron-clad guarantee of a same-day payout as in many cases it comes down to how quickly your bank processes the credit.
- Friends and Family
Thanks to internet banking and apps for our smartphones, our friends and family can transfer us money and receive it on the same day.
Most bank transfers are now executed with what is known as a Faster Payment method, which means it is instantaneous or could take up to two hours. On very rare occasions transfer of this kind can take 24 hours.
- Pawn Stores
Selling our possessions is one of the easiest ways to get fast cash. We take our unwanted watches or jewellery to pawn shops who agree to pay us for the money in either cash or via immediate bank transfers.
It’s not just jewellery, antiques and watches either. We can exchange games consoles, smartphones and electronics to similar stores usually found on the high street.
- Get into Freelancing
If you have a skill usually reserved for your everyday job, possibly illustration, data input website design or copywriting, you can use this skill to offer your services as a freelancer. This niche of working is expected to boom as well, with Forbes reporting that nearly 50% of managers are more likely to use a freelancer in the wake of COVID-19.
When freelancing, the client usually pays a deposit upfront, which means you get sent money the same day. Once the work is complete, if the deposit did not cover all of the work then the rest of the funds are sent.
- Do Odd-Jobs
There’s always a job to be done in the community somewhere. Sometimes these are advertised on Gumtree and social media. By helping out for a day you can get paid in cash the very same day.
Sometimes people wrongly think that being paid in cash is illegal, but it is not. It is only illegal if you do not declare any income on your taxes. Most of these jobs are based around manual labour or gardening.