How to Get Quick Cash When There's Nowhere Else to Go
COVID-19 has disrupted almost all facets of life from our social lives to financial health. The economic impact of the pandemic has been far-reaching and deep hitting for most people. Unemployment has risen and many small business owners have suffered losses. In such situations, financial emergencies such as unexpected medical bills or car and home repairs can be particularly distressing.
If your finances have been hit, and you are in need of urgent cash, this is what you can do.
Advance on Salary
If your employer has a policy of salary advances then this can be a very convenient and easy option for you. Your employer will give you a percentage of your salary and then deduct it from your subsequent paycheck.
Credit Card AdvanceCredit cards also offer cash advances, all you have to do is go to the nearest ATM and use your credit card to take out cash. Credit card cash advances are very short term in nature and you are expected to pay them back as soon as possible. Be sure to check your credit card's terms and conditions before you get an advance
Home Equity Loan
You can also opt for a home equity loan if you need cash for emergencies. As long as you have some equity built, you are essentially getting a second mortgage on your home. Remember, getting a home equity loan means that you are getting a loan with your house held as collateral. Failure to pay on time can lead to the risk of you losing your home.
Home equity loan products can be quite complex, so be sure to read the fine print before signing any paperwork.
If you have a basement full of valuables that you do not want to sell, you can always get a pawn loan. When you go to a pawnbroker and ask for a loan, he will hold your valuables as collateral and give you a loan against them. Needless to say, failure to repay will lead you to forfeit of the collateral.
Jewelry, coins, firearms, and musical instruments work best for pawn loans.
If you do not want anything to be held as collateral, but need a short-term, payday loans are a viable option for you. Payday loans are unsecure, meaning collateral is not needed for approval. With this type of loan, you are basically getting an advance on your next paycheck. Payment is required once you get your next salary which can be a couple of weeks or a month.
Get a Title Loan
The options listed above are great ways of getting last-minute cash fast. However, if you need a larger loan amount for a longer period of time and have a car, you can always opt for a title loan. Title loans are a fast and easy way to acquire and ensure same-day payment.
Title loans can be used for emergencies like paying off unexpected medical bills, home and car repairs, or urgent travels.
Wisconsin Auto Title Loans Benefits
Easy and Fast
The biggest advantage of title loans is that they are easy to obtain and ensure almost immediate cash payment. With Wisconsin Title Loans, all you have to do is to fill out an online application form without the need for a store visit. Once your loan has been approved, the cash is transferred to your account almost instantaneously.
There is no hassle or overwhelming paperwork and the whole process can be finished in less than 30 minutes. At Wisconsin Auto Title Loans Inc., you can get up to a maximum of $15,000.
No Credit Checks
Another advantage of title loans, is that there are hardly any credit checks. While most traditional lenders will require a guarantor or good credit history, there are no such requirements for getting a title loan.
Just make sure that the car is in your name and is lien-free.
You Can Keep on Using Your Car
If you get a title loan your car won’t be requisitioned and you will be free to keep on using it as long as you make the payments.
There are multiple payback and installment options that you can choose from. Simply speak with a loan specialist to determine the right one for you.
How to Acquire an Online Title Loan Near Me
To acquire a title loan, you can either go the old-fashioned way by visiting a title loan store or you can just do it online.
- If you live in Wisconsin then visit WisconsinAutoTitleLoansInc.com.
- Go to their website and fill out the online application.
- You will get a call from their representative to set up a meet at a place of your choosing.
- Their representative will visit you to check your car along with the car’s title and your state ID.
- The representative will establish the loan amount and complete your application.
- Once everything is in order, the amount will be transferred to your bank account the same day.
Getting the financial help you need does not have to be that difficult. There are several loan options available to you in the state of Wisconsin. So, do not worry and wonder how to get cash when you have nowhere else to go. The fact is you do!
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.