Short Term Cash

Short Term Cash
Payday Advance
Credit Cards
Person-to-Person Lending

Long Term Cash
Mortgage
Refinance
Home Equity Loan
Reverse Mortgage
Auto Loan
Student Loan

Credit Help
Credit Report
Credit Monitoring
Credit Repair
Debt Consolidation Loan
Foreclosure Help
Sell Your Home

Insurance
Auto Insurance
Health Insurance
Life Insurance

Don't know which financial tool is right for you?
Our Financial Analyzer will point you in the right direction!

Home » Short Term Cash

For one reason or another, you are in a bind and need quick cash which you don’t currently have. Whether or not you have other assets you can borrow against or sell is beside the point; you need the cash now and you can’t wait for something to sell or a loan to be approved for you to get your money.

Quick and unsecured cash (loans given to you without collateral) is usually the most expensive kind of borrowing and should only be used when absolutely necessary. This means that it’s not a good idea to take a $1500 payday advance so you can go on a fancy vacation. You should only take these loans when the cost of the interest is less than the cost of not having the money. For example: If you were facing a huge ding on your credit report for a missed payment, taking a quick payday advance to spot you the cash until you get your paycheck would considered a reasonable use.

You must also remember that short term cash is usually only a temporary fix to your financial troubles. It helps you get through unexpected events, but if you are constantly relying on these short term instruments, you may need to take a second look at your finances. For more permanent credit solutions, take a look at some of the Long Term Cash tools. If you are having difficulty qualifying for loans or managing your finances, take a look at our Credit Help ideas.

Here are some of the common short-term cash methods discussed on this site:

Payday Advance – You can usually get up to $1500 wired into your checking account overnight regardless of your credit. These loans usually last a week and typically have higher fees than other short term cash options.
Credit Cards – For some people, these seem to cause more problems than they solve. However, if you use a credit card prudently, they can be an excellent and low-cost source for some emergency cash.
Person-to-Person Lending – This idea has been around since the beginning of money, but just recently exploded in popularity due to some websites acting as brokers between lenders and borrowers.

Didn't find the answers you were looking for?
Try searching or posting a question on our Forum!