When you find yourself in a financial bind and need access to quick cash, you may be inclined to take desperate measures to get the money you need. You may need to fill your fridge with food, make urgent repairs to your vehicle so that you can get to work, or pay impeding medical bills that can’t be ignored. While you may need quick cash, you should carefully consider where you get the money from. After all, some quick cash option may wind up costing you a small fortune in interest charges and fees. There are some affordable and effective ways to get your hands on extra cash without delay—read on for a few ideas that will help you get the money you need, without causing financial problems for you later down the road.

Refinance Your Car

When you have equity in your vehicle, you may be able to quickly and easily apply for a vehicle refinance loan. You may think that applying for this type of loan would take a lot of time, but simply think about how quickly you can get a loan when you walk into an auto dealership to purchase a car. You can contact your local bank today to obtain information about a new car loan, and you may be able to get money from your car’s equity soon.

Use a Credit Card

Many people do not realize that they can use their credit card to obtain cash. Many credit cards have a cash advance option, and you may simply need to take your card to an affiliated bank to make a withdrawal request. Some credit cards also have an affiliated ATM machine. If you know the pin number for your credit card, you can pull cash out of your credit card. This is a good option for smaller amounts of money that you know you will be able to pay off in the future.

Sell Your Belongings

Another idea is to sell your belongings on consignment. You simply have to go through your old clothes and find furnishing, CDs, videos and even electronics that you no longer want. If you sell the right items on consignment, you may be able to generate several hundred dollars or more in an afternoon. You can also use an online classifieds website to sell items that are of value but may no longer be useful to you. Many people find success for getting quick cash by selling unused items on sites like Craigslist or eBay and finding interested buyers who will pay good money.

Ask a Friend

A final option to consider may be to ask a friend or family member for a short-term loan. This should be done with care, and you should keep in mind that some individuals may not have money to hand over on the spot or may not be comfortable making a loan to a friend. However, when you are in a truly tight situation, someone who knows and trusts you may be willing to let you borrow a few hundred dollars for a short period of time. This option can lead to problems later down the road if you don’t draw up an agreement (in writing) so there are specific terms for the loan when it comes to payment dates, amounts, and the final payoff date. Making a somewhat official agreement will help you to avoid disagreements or arguments that could lead to serious problems in the relationship.
 
All of these options provide a viable way to get money without signing sketchy contracts or running into hidden surprise fees later down the road. Some of these, such as an auto loan and a credit card cash advance, will have fees associated with them. However, these may still be preferred options over a “quick cash” scam that leads to further financial problems. The information for this article was provided by the professionals of myLumpsum.com who specialize in lottery cash advances.