Every individual has gone through a cash shortage at one point in his or her life. When this happens, the most common reaction is to panic and immediately look for short term borrowing from other family members or friends. Borrowing from friends, though, has its drawbacks. It can be an easy way to lose a relationship with someone that you really care about. So, before you go down that path, think about some alternatives:
Sell Your Old Stuff
You may not think about it very often, but you have a lot of stuff in your house that doesn’t get used much any more. Old cell phones, unused TVs, tools, and even old clothes. None of it may be worth much by itself, but together, there could be hundreds of dollars of sell-able goods that you don’t even think about anymore. Try a yard sale or a local flea market. For more expensive goods like an old camera, think about Ebay or Craigslist.
Get A Job
You may think we are kidding, but a part time job is not real hard to find, especially during the holidays. Remember that even a minimum wage job with 20 hours a week will get you nearly $150 a week, or $600 per month. A few nights or weekends, and you’ll have real money that you don’t have to pay back to anyone.
Sell Your Car
Bought a new car a couple of years ago, and now you’re having problems with the payments? Well, you are not alone. However, you don’t need money to make those high payments, you need lower payments. Think seriously about selling that car, ditching the payments, and pocketing the cash. Even if you have to buy a less expensive ride to get to work, you’ll be a lot better off trading down now before the problem gets worse.
Borrow From A Title Loan Company
So none of the above is going to work for you, or it’s just not enough? Think about borrowing from a title loan company like Embassy Loans. You will find their rates are cheaper that the other sources of quick cash, especially if your credit needs a little work. Give the folks there a call and see what they can do for you.