12 Ways to Raise Cash Quickly In An Emergency

12 Ways to Raise Cash Quickly In An Emergency

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Everyone faces a financial emergency at some point: the car breaks down, unexpected medical bills, legal troubles etc.  It can get so dire that rent gets behind or utilities such as water and power are being threatened with disconnection.   Pretty soon, TV or radio commercials singing the virtues of payday loans start to sound tempting.

If you find yourself starting to wonder whether a payday loan may help you in the short run, stop right now.

  • Payday loans have outrageous interest rates.
  • If you fail to make the payment or need to re-borrow, those interest rates are going to be even higher: there have been cases where borrowers end up paying $1100 for a loan that was originally $250, leaving them in a cycle of debt slavery.
  • These loans are designed to keep the borrower in a downward spiral.

What to do if you find yourself with no credit, and need cash quickly?  Continue Reading