Quick Cash Sources You Should Avoid
Quick cash—you need it, and there are lots of people who are willing to offer it, but how do you know which deals you should avoid? Making the wrong choice can have long-term financial consequences and possibly threaten your home and your relationships.
Do you need cash now?
Before embarking on your quest for quick cash, stop and take a deep breath. What do you need the money for? If you’re thinking of taking a vacation or buying something, fast cash is not the answer. Put your desire out of your mind or save up over time to get what you want to buy.
If you’re facing a home foreclosure or a loan or credit-card payment is well past due, then your need is legitimate. You don’t want to lose your home or your car, but you may be able to work out a payment plan with your creditors. If you’re dealing with a collection agency for old debts, don’t forget that you have legal rights, despite the high-pressure tactics that some collection agencies will use. They’re hoping to scare you so that you won’t go to court, where they may wind up with a smaller settlement.
If you need to get quick cash now, here are some sources you want to avoid:
Quick Cash Articles, Videos & HowTos
When you're strapped for cash, it can be tempting to take advantage of quick cash offers. It's best to avoid cash advances, tax refund loans and borrowing from family or friends because these transactions can have long-term financial and personal consequences.
Peer to peer lending is just what it sounds like—the opportunity to borrow money from a private individual, not from a financial institution. There are advantages and disadvantages to both the borrower and lender through this type of transaction, but for certain instances, a peer to peer lending situation works out for everyone.
Is there really a way to make quick cash? Fortunately there is. Avoid debt and thwart money crunches with these sources for quick money.
What happens if you don’t pay a payday loan? Since payday loans are often considered a last resort, penalties can be steep because of the risk the lender takes.
These fast ways to make cash can help you pay off your expenses or take care of a money emergency. Although some of them won't work in the long term, they can be effective in a pinch.
When you're strapped for cash, it can be tempting to ta...read more
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