The Brief Guide That Makes Getting Emergency Cash Simple

Are you going through a tough time, and would you like to get some extra cash?

Today, over 46% of U.S. households are facing financial difficulties. When facing any type of emergency, your top priority is getting money to handle the emergency.  

Depending on the type of emergency and your financial situation, you could already have the money required to handle the problem. If not, you will be forced to look for other funding options. 

Below is a brief guide to help you get emergency cash faster and easier:

Ask Friends and Family for Help

Asking your family members and friends for a personal loan can be a great way to access emergency cash when you need it. Most people today get financial assistance from their friends and family members. However, it’s key to note that borrowing money from your loved ones can be challenging and could have a negative effect on your relationship.

When asking for the cash, ensure you are clear on the repayment terms and any required interest beforehand. This improves your chances of getting the loan and helps you avoid any future conflicts.

Borrowing money in this way can be uncomfortable and awkward for each party. Hence, it’s advisable to make sure you pay it back as per the agreed repayment terms.

Request for a Personal Loan

A personal loan is a form of credit that borrowers can use for anything, including a personal emergency. If the lender approves your application, you will get same-day or next-day funding. However, some lenders often take one or two days before sending the money, which requires you to make additional accommodations in the meantime.

Unfortunately, emergency personal loans may have very high-interest rates. Depending on your borrowing history and credit, some lenders may ask for up to 35% interest. Fortunately, lenders are willing to work with individuals with good to excellent credit history.

Additionally, some lenders may even allow you to repay the debt within 12 months. This takes the pressure off your shoulders, as you don’t have to come up with a lump sum amount in a short time.

Apply for a Payactiv Card

Millions of Americans today live paycheck to paycheck. Sadly, these people have to stretch their paychecks to cover their expenses until the next payday. People pick up work shifts, miss out on important moments with their family and friends, and sometimes even swallow their pride to ask their bosses for a salary advance.

Fortunately, a Payactiv card can help you access your money whenever you need it. Whether you need to manage your bills or you need emergency money to solve an urgent problem, a Payactiv card can help you access your paycheck money a few days before payday. Discover more about the Payactiv card here.

Do You Need Access to Emergency Cash?  

Are you looking for emergency funds to handle a personal problem you’re currently facing? Accessing emergency cash can be quite daunting, especially if you don’t know where to start. Fortunately, our guide above will help you get the money you need during an emergency.

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