If your credit cards are maxed out, you can't borrow money from family or friends, and you are looking for a way to come up with some cash, you want to know all of your options. It's always best to try to pay off debts before gaining more, but if you need money now and it's imperative that you get it, you may have to explore options that you didn't want to entertain before or that you haven't heard of. Take the time to look into the following possibilities to get the lump sum of money you need.
Hard Money Loan Options
If you have a home and it has equity in it, or you own your vehicle, a boat, or an asset with substantial value, this asset could be used as collateral to get a hard money loan. You will have to find investors or private loan agencies that administer hard money loans and see if you can get approved and how much money you can get. Keep in mind that you have to be willing to risk this asset if you want to go this route, because if you default on the loan, the asset belongs to the lender immediately.
Plasma and Other Donations
There are many types of donation options that are valuable. You can try to give the following items for donation to get money, although this money may not come immediately:
- Blood plasma
You will have to find people or organizations that are associated with these types of donations, and then decide how much of yourself you are willing to give.
Around the Clock Work
Take a night shift or third shift at a local grocery store, plant, warehouse or any other facility that is hiring. Within a couple of weeks, you will have an additional pay check coming in. Working until you get the debts paid off may be your only option, even if it means you are spending a few months without having a social life and running low on sleep.
If you are in a bind and you know that you will face serious complications and repercussions if you don't get money fast, these are some of the best options if you can't get a small personal loan or a payday loan. Spend some time looking into each choice to find out what option is the best for your financial situation.