Whether it’s an unexpected medical bill, utility bill, or a sick family member, unexpected expenses arise at a moment’s notice. Whichever our financial needs are, you need emergency cash ASAP, and Max Cash® Title Loans may be able to help. 1 2
We know what it’s like to be strapped for cash and options. If you need fast cash, a title loan may be the solution for you. At Max Cash Title Loans, our mission to help you get cash in your hands as soon as possible. 5 With our network of direct lenders, we make the title loan application process simple. 2
If you’re ready to start your hassle-free title loan application, fill out a brief inquiry form online or give us a call today. From there, a title loan specialist will walk you through the rest of the title loan application process.
To learn more about a few other ways you can find emergency cash ASAP, continue reading below.
How to Find Emergency Cash ASAP
It happens to all of us. Sometimes life happens, and we find ourselves in a financial emergency. Regardless of the emergency expense, having emergency cash at your disposal is a lifesaver.
Unfortunately, most consumers may not have this option available to them in their bank account and must turn to other emergency loan options.
If you’ve found yourself in this financial situation, don’t worry. There are several options available to you.
Let’s take a look at a few of the most popular options to find emergency cash ASAP.
Personal Loan
Mostly created for personal finance emergencies, personal loans are available in two options: secured and unsecured. Much like payday loans, with a secure personal loan, the loan amount is backed by collateral, while an unsecured personal loan is not. Both personal loan options are available through most banks and financial institutions.
An important thing to remember about unsecured personal loans is that while they may be cheaper than secure personal loans, many creditors begin financing the loan on the next business day after you receive the emergency funds. On the other hand, when you are applying for a personal loan, having a good credit score, the less likely you are to be subjected to high-interest rates. However, if you have bad credit, you may be subject to higher interest rates.
Credit Card Advance
Another common form of emergency money is a credit card advance. A credit card advance is a type of emergency cash option that many credit card companies offer.
How does a credit card advance work? Well, they are much like short-term loans. The only difference, however, is that these are funded through an ATM, bank withdrawal, or personal check. Because of the speed of this option, cash advances are often the quickest solution for many consumers. In addition, if you have a bigger limit on your credit card than the larger credit card advance, you will be able to withdraw.
Before following through with a credit card advance, be aware that you will likely be charged a transaction fee. Additionally, you may be subject to interest rates that are higher than other emergency cash options.
Retirement Account Loan
Some consumers choose this option because of the low-interest rates they offer and the fact that it will not affect their credit score. However, an important thing to remember in regard to retirement account loans is that you need to pay back the loan in a particular amount of time. Otherwise, you could face penalties.
Additionally, if you think your job may be at risk in the near future, this particular option may not be the best one for you. In the event that you lose your income or employment, you will be required to repay the loan in full. Without doing so, the retirement account loan could be flagged as a “premature withdrawal.” Due to the COVID-19/Coronavirus health pandemic, this may not be a suitable option for some consumers.
Peer Lending
When you’re looking for quick cash, sometimes you have to think outside the box. When it comes to peer lending, that’s as outside the box as it gets.
Peer lending is a type of personal loan that is funded by strangers via P2P websites. With peer lending, interest rates are determined based on the borrower’s credit score and could affect the type of lending you are eligible for.
Additionally, during the application process, you may need to provide up-to-date pay stubs to prove your earnings. Furthermore, not adhering to the payment program that you are given, you could risk credit history penalties that could lower your overall credit score and leave negative marks on your credit check.
Home Equity Loan
Another way to fund big purchases is through the use of a home equity loan. A home equity loan is a type of loan that uses your home as collateral for a loan. With home equity loans, interest rates are typically low and easy to apply for.
Though home equity loans are similar to a mortgage, they are slightly more complicated. One of the downsides about a home equity loan, however, is that you risk foreclosure in the event you don’t pay back the loan amount. Before signing any paperwork regarding a home equity loan, be sure you review all the possibilities beforehand.
Find Emergency Cash ASAP with the Help of Max Cash Title Loans 5
When you need extra cash today, it could be exhausting to look at all the options available to you. We understand you may not have all the time in the world to review your options. Not only do you need cash fast, but you must also be sure not to rush your decision. This is where we come in.
While there may be several emergency cash options available for consumers, none of them look out for their customers the way we do here at Max Cash Title Loans. With around the clock service and an expert staff of title loan specialists, we can help you find the extra money you need when you need it. 5 With the variety of title loan lenders in our network, we can help you find extra cash today. 1 2 5
Fill out a simple online application form today or give us a call to start the online title loan process right away. We’ve helped hundreds of customers over the years, and we can’t wait to help you!
When you’re looking for emergency cash ASAP and aren’t sure where to go, contact Max Cash Title Loans today.