How You Can Get $1000 Bucks Fast
In many situations, you need to be able to get a hold of money pretty quickly. If you have an emergency, need a new home and have to come up with s security deposit or have any number of different things happen to you, it may become necessary to get ahold of a fast $1,000. Fortunately, there are options available that will allow you to do that, regardless of whether you have bad credit or not.
How to Get a Fast $1,000
One of the simplest and best ways that you can get $1000 quickly is to get a car title loan. A car title loan means that you borrow money on your vehicle. In other words, you will use the title of your car as collateral in order to guarantee the loan. When you pay off the balance of the loan, you then are able to get your vehicle title back and the lien on the loan is released by the lender.
When you apply for a car title loan, your credit is not factored in as a deciding issue in whether you are able to be granted the loan or not. Unlike when you apply for a credit card or a bank loan, a car title lender like TitleMax.biz does not care whether you have had late payments in the past or whether you have had previous struggles with debt and credit. The only thing that matters is that you meet the basic minimum requirements like owning your vehicle.
The process is very quick and you can get your $1,000 pretty much right away so you can use the money to do whatever you needed to do with the fast cash.
Other Solutions for Finding a Fast $1,000
Outside of car title loans, there are only a few other solutions for quickly finding $1,000. One possible option that you may have available to you is to take a cash advance from one of your credit cards, assuming that you have a credit card that allows you to do this.
Cash advances on credit cards means that you ask the credit card company to actually send you money instead of just letting you use your credit card. This is a helpful solution in many cases because there may be times when you need to pay $1,000 for something that you cannot just put on a charge card. However, this process is usually going to take a little time as you request the cash advance from the credit card company. You also need to be aware that not all credit cards allow you to take out cash advances and when your card does permit this, your credit limit for cash advances is usually lower than the credit limit for other kinds of debts that you are able to incur on the card. Not only that, but your interest rate is going to be a lot higher on the money that you take a cash advance out on, so you should expect to pay more if you decide to take this option.
A cash advance on a credit card is usually only a reasonably quick solution if you already have the card in your name. If you do not yet have a credit card, the process for applying one can be slow and it could take weeks before you get approved, get access to your card and are even able to take a cash advance (assuming that the lender allows you to do that once you have opened and received the new card). You’d also need to be approved for the card, which means that you would typically need to have pretty good credit. As such, this is not generally considered the best solution available to you.
Other potential options to consider may include seeing if your employer offers any type of short-term loan program or emergency financial assistance for employees, or selling items of value on classified ad sites such as Craigslist or eBay. However, when selling items you are usually only able to obtain a portion of the money that you were owed for the item that you sold. As a result, this is not a good way to raise the funds if you need the items unless you cannot find another solution to obtain the money that you need.
Save for Emergencies
Of course, many advisors will recommend you save an emergency fund. $1000 is a great starting point for that. Doing so will keep you from having to figure out where you can come up with that money from.
Leonard Ramzinalli is a self-proclaimed finance blogger with an attitude. What sort of attitude is that? He knows how to keep people from making dumb financial mistakes and he knows it.
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Category: Family Finances
