How to Resolve a Financial Nightmare

If you’re in the midst of a financial nightmare and are looking for ways to make ends meet so that you can pay for rent on time, cover your bills, or just put gas in your car, you’re probably searching for ways to get money fast.

Either by some kind of loan or a trick to make a few extra bucks here and there, you can get yourself out of a hole in no time if you know where to look. There are a lot of different options available to you, but what all of them have in common is that they offer you an opportunity to make extra cash, avoid late fees, and avoid those dreaded conversations with your landlord about why your rent check still isn’t in the mail.

If you’re looking for ways to resolve a financial nightmare, just keep reading.

Take out a credit card cash advance

If you are still in good standing with your credit card providers, you have the option of taking out a credit card cash advance that can certainly help you get out of a tight spot. One great aspect of this option is that just like other credit card purchases, a credit card cash advance can end up in your account almost immediately. Keep in mind, however, that if you are not able to pay off your cash advance by your next card payment, you will be subject to interest fees. Those can build up pretty quickly and can lead to nasty credit card debt that is easy to get and much harder to get rid of.

Ask a family or friend for a loan

If you don’t want to run the risk of taking out a high-interest personal loan, or putting some of your own properties up for collateral, you might want to see if borrowing from family members or close friends that you trust and that trust you is an option. This can be a great option if you are confident that you can actually pay these people back. There is one thing that you don’t want getting in the way of a close and loving relationship and that’s money. Still, it is always better to owe someone you know than owe a bank or other financial institution that will have no problem going to drastic measures to get the money they are owed.

Donate plasma

This may seem like a drastic option, but think about it: you can donate plasma, make some extra cash, and help your local medical community all in the same process. In most cases, you can expect to make around $40 by donating plasma, and physicians say that you can donate plasma around two times a week. That means an extra $80 to pay for groceries, cover your electricity bill, pay for gas, etc.

Before you are eligible to donate, you will most likely have to go through a health evaluation. Beyond that, it is important to know that most people become fatigued after donating so it is important to bring a snack for later and, if possible, get a ride home from someone.

Reach out to local charities

This option demands that you swallow a bit of your pride, but if you’re really in the midst of a financial nightmare and are really worried that you might be late on rent, or default on a loan, now is not the time to be ashamed about asking for help.

Now is the time to exhaust all options at your disposal that can help you get your head above water. Reach out to local organizations that could offer a helping hand. For example, the United Way offers a free service called 2-1-1 which connects those in need to local groups that offer rent, utility, and housing assistance. In most areas, you can dial 2-1-1 to confidentially speak to a trained professional who could help ease the burden. You can also visit their website online to get more information.

Take out a car title loan

A car title loan can be a great way for you to get your hand on some money in just a few hours. A title loan is a secured loan where you borrow money from a lender against the value of your car and the equity you have in your car. These loans are a great option for you if you do not have great credit, but do have a clean car title.

The value of a car title loan general is between $100 and $5,000, but they can go much higher depending on the value of your car. More than enough to cover rent for the month.

Car title loans are easily accessible online, and you can provide all of the documents necessary, and even prove the value of your car online. The downside of car title loans is that they do come with very high interest rates and annual percentage rates. The common payment term for car title loans is just one month, so if you are unable to pay back your loan within that time period, you could default on your loan and having your car repossessed by the lender you borrowed from.

These are just a few options at your disposal and it helps to compare different online title loan lenders. If they don’t seem like the best options to you, you can look elsewhere for a title loan. That does not change the fact that all these options listed are tried and true and have helped countless Americans who have found themselves facing financial hardship. If you are able to exhaust any or all of these options, it would be wise to seriously consider it.

Good luck!

This article does not necessarily reflect the opinions of the editors or management of EconoTimes