Since the viral COVID outbreak, 63% of Americans have been living paycheck to paycheck. If you’re like a lot of other people, then you’ve likely found yourself in a bind and need money today!
But don’t worry! We have you covered. MoneyLion has rounded up a number of ideas on how to get quick cash today. We’ll walk you through the options available to you so that you can get the money you need right away!
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Beware of high interest rates and predatory lending
Don’t rush into agreeing to just any loan. There are many loans out there that come with high-interest rates, meaning the lenders likely practice predatory lending practices. Predatory lenders target people who have bad credit and are desperate for financial assistance.
But MoneyLion offers secure and affordable loans that don’t require that you agree to a hard credit check. Plus, we’d never implement predatory tactics as payday lenders do!
Find the right lender
It’s important to find the right lender when you need money today. MoneyLion is a great place to start. We help people like you get fast cash loans with ease!
No hard credit check
It can be difficult to wait for a traditional bank to help you when you need to get cash right away. Traditional banks and credit unions require credit checking and underwriting before they’ll consider lending you money, which can lead to much longer processing times. MoneyLion doesn’t require hard credit checks, which will make everything move much faster.
Same-day funding personal loan
Our Credit Builder Plus program will give you access to up to $1,000 and you won’t have to agree to any credit checks at all. A portion of the loan will be dispersed to you on the same day.
This type of loan can also help you build credit because we’ll report your on-time payments to the three major credit reporting bureaus. By the time most people finish paying back their loans, their credit score has improved drastically!
0% APR on cash advances
Our Instacash cash advance program provides low-cost funding to people who need it now. You can receive up to $250 with Instacash, which is our best option for those who need to get fast cash now.
Affordable installment loans
Whenever you secure a loan, make sure the terms of the loan incorporate affordable installment payments over time. High-interest rates will keep you in debt for far longer than necessary, but you can get back on track financially with MoneyLion.
Our Credit Builder Plus program will report your on-time payments to credit bureaus in an effort to help you raise your credit score. You can pay back your loans while benefiting your future financial situation! It’s a win-win.
11 best get quick cash alternative options
Aside from securing a loan, there are other options that you can pursue. Here are 11 of our best alternative options for those of you in need of money today!
1. Borrow money from family and friends
If you’re in a bind, try talking to your family and your friends to see if anyone is willing or able to help you out. There are certain ways that you can go about borrowing money from family and friends without jeopardizing your relationship with those people.
First, set up a payment plan so that your family or your friends will feel confident in your promise to pay back the money you borrow from them. Having a plan in place is key. You can also offer to trade services for cash like mowing the lawn, taking care of the house, and babysitting.
2. Get a second job
Getting a second job is a great way to make money fast. The best part about this plan of action is that you won’t owe anyone money. There are many ways to get a job making money from home, like signing up to drive for a rideshare program or mowing lawns.
The great thing about side hustles is that you can usually find a job that you are passionate about and turn it into your primary income stream over time. It’s a great way to try out a new career before taking the plunge in that direction.
3. List stuff you don’t need for sale online
You are bound to have something valuable hanging around the house that you no longer want, so why not try selling it? Ask yourself, “Do I need this item?” If the answer is no, it can be a great thing to sell for money.
Websites like eBay are a great place to sell your valuables quickly and safely. For instance, maybe you have some valuable comic books or vintage clothes lying around that you can put up for sale online. People will buy just about anything, meaning you can sell just about anything online, too!
4. Sell unused gift cards
Many websites will allow you to sell gift cards for cash or for even more gift cards. These services are excellent for those times that you need money right away.
A lot of people tend to have gift cards floating around in their wallets or taking up space in their junk drawers. So, take a few minutes to scour your home and see if you have any forgotten gift cards lying around. It only takes a few gift cards to get a quick $100.
5. Sell something you own at a pawn shop
Similar to selling on eBay, selling items at a pawn shop is another solution when you need money today. Maybe you have a lot of knowledge about something specialized, like clothes, jewelry, furniture, or collectibles, and you want to make some quick cash.
Take your expertise to a thrift store, Facebook Marketplace, or Craigslist. People often don’t know the value of what they are putting up for sale or donating for free, but if you have the insight into what’s valuable and what’s not, then you can buy these items for cheap and flip them at a pawnshop. This will give you money today if you can find the perfect item!
6. Look for community loans and assistance programs
Many local charities, government entities, and organizations offer loans and assistance for times when you need money fast. You just have to know about these types of loans and then apply for them.
Do a quick Google search for community loans and assistance programs in your area. After you see what’s out there, you can figure out if you qualify for those financial assistance options. Many of these organizations will help you pay for necessities, like rent or utilities.
7. Seek out cash advances and payday loans
Payday loans can help you pay for things in your life on your schedule. Early payday programs allow you to access your money before you receive a paycheck. With MoneyLion, all you have to do is permit us to see proof of direct deposits, and we’ll help you handle the rest with our Instacash cash advance features.
8. Utilize buy-now-pay-later apps
Overtime by Moneylion is a godsend for moments when you need to make a large purchase and you don’t have the money upfront to do so. We help our members pay for expensive purchases by breaking down their payments into four equal installments.
When you buy now and pay later, you’re stretching your full payments over time. This will make those large yet necessary purchases feel a lot more manageable for you.
9. Put your extra room up for rent
This is a great tip if you are interested in securing a recurring income stream. Just put your extra room up for rent on Airbnb, VRBO, or any other safe and local rental forum. You can make your room available when you want extra money and choose not to rent it out when you don’t want to, meaning this is a very flexible option when you need money today.
10. Become a dog sitter
Love dogs? You can make up to $30 per hour by dog sitting or providing dog walking services. This is ideal if you live in a close-knit community because then you can go door-to-door offering your services to neighbors! Plus, if you’re good at what you do, you’ll be hired on a recurring basis, turning your dog walking and sitting skills into another ongoing income stream for you!
11. Change your cell phone plan
Sometimes, simple adjustments to your regular monthly expenses will save you the most money in the end. Call your phone service provider and ask about changing your cell phone plan.
Inquire about any discounts or deals, too. You’ll be surprised to learn about the massive savings you can achieve by simply changing your cell phone plan, which will free up money that you can put towards other expenses or purchases.
Get money for what matters most
There are many ways to get money if you need money today, but make sure you pick the option that’s best for you. Let MoneyLion help you get money for what matters most. Our Instacash program is affordable, and our loans come with 0% APR rates, which is unique and unlike most triple-digit APR payday loans. Check out MoneyLion today!
How can I get money today?
Check out Instacash by MoneyLion to get cash advances of up to $250 without paying any interest.
How can I get money fast without a loan?
Try starting a side hustle! You never know how quickly the money from a few odd jobs can add up.
What’s the best cash advance app?
Instacash is the best cash advance app! MoneyLion offers loans with 0% APRs, no hard credit checks, and instant money thanks to the Turbo delivery feature.