Where to Get Quick Money for Your Financial Emergency

Dec 09, 2020
Financial Emergency

No one likes to be caught in a financial emergency. Unfortunately, it can happen to anyone, and not all will be prepared to face it. That is why it is an emergency in the first place. It is unwanted and never planned.

Now, you are probably reading this article because you are in a problematic financial situation right now and looking for easy ways to deal with it. Let us give you suggestions on how to get the money you need in the fastest way possible.

Ask help from family and friends

Borrowing money from people you are close to is probably the quickest way to get the cash you need. They personally know you, and they are the best people to understand your situation. Moreover, these people are less likely to ask for extra charges. 

However, money is a sensitive topic that sometimes causes tension in some relationships. Make sure to treat your loan responsibly and not feel bad when they cannot lend you the money you need. 

Ask for a paycheck advance

Another option is talking to your employer and asking for advanced payment. This option is great if you are on good terms with your employer. While some will give you your next month’s pay with no questions asked, others might negotiate their lending terms with you. It depends on the stability of your company or your reason. Some employers may limit how much money you can get, and some may even charge a fee. 

This option may give you fast money, but you need to remember that your upcoming paychecks will not be in full. 

Apply for a credit card cash advance

A sure and simple way to get money is to get a cash advance on your credit card, straight from the ATM. It is the perfect option if you have no other choice but to produce the money instantly. However, the quicker you get the money, the more challenging it will be to pay back. This option probably has the highest interest and service fee. Let this be your last resort when facing a financial emergency.

Use your home equity

When you have a mortgage and have been paying for it for a long time, you are more likely to have positive home equity. Your equity value will determine how much money you can borrow. It is also a relatively fast way you can borrow money with a reasonable interest rate. You should also know about this option because it is more flexible than a regular loan. It works more like a credit card, wherein you can pay and borrow any amount you need. However, going for this option means that your house will be at stake, so ensure that you pay off your loan accordingly.

Borrow from an online lender

Another fast option you have is to borrow money from an online lender. Many peer-to-peer lending sites are now widely available. They also provide approved applicants with cash in just a few days or hours. Online lenders work differently, so find a platform that can help best with your situation. 

At Hoopla Loans, you do not need to meet or call us. An online application is all you need to secure the money you need. We have a high approval rate, and we do not depend on credit history. We offer same-day payday loans and payday advance loans, perfect for financial emergencies.  

Conclusion

Financial problems are part of life’s challenges, and there will always come a time when you will need other people’s help to survive. Borrowing money can help you get through your current problem, and there is nothing wrong with asking for financial support as long as you will pay it back.

Hoopla Loans provides instant online loans in South Africa. If you need fast cash, we can help. Application is one-hundred-percent free, and bad credit history is not a problem with us. Plus, you can use your money for whatever purpose. Submit your loan application through this website.