Is it really so easy to get a loan?
Sometimes when an emergency hits, you find it hard to think. The temptation is just to “solve the problem”. That means you grab at the first solution and hope for the best. This is not a good idea. To get the best results when you’re in a bind, you need to focus and think through your options before you take a decision. Let’s take each of the options.
Can you talk to your manager about working a few more hours at overtime rates? Sometimes all that hard work you’ve been putting in impresses the managers and they will help you out by finding a few more hours in the system. There may be bonuses you can access by working longer hours. Your HR department will have details of the various plans in operation. This is not the time to be shy. Ask what’s available.
If there’s absolutely no chance of an extra few dollars with your current employer, can you find another place to do some part-time hours? Although it’s kind of desperate, can you babysit for your neighbors?
Can you find enough to make it worth your while to hold a garage sale?
Why are you making all this effort? This makes a big difference. On the one hand, you have a few extra dollars coming in for your time. This adds to your income. On the other hand, your income stays the same but you borrow money. So your outgoings increase by paying interest but you earn the same amount.
But there comes a point when borrowing is your only option. There are no more hours in the day to work. There’s nothing worth left to sell. Back to your employer. Is there a chance of an advance on your pay? It’s the same as a payday loan from a finance company but without the fees. Then there are always the credit unions. The next possibility are the loan shops. You will always find one next to the nearest military bases and in almost all city centers. Then you can apply online and find offers of cash advances from multiple lenders. In other words, there are payday loans available from many different places. Always compare what is on offer and get the best deal. Because you boosted your income, only borrow the smallest amount you need, and repay it as quickly as possible.