Getting Money When You’re Short on Cash

August 31, 2012

It’s a terrible place to be in – having to pay bills but not having enough money to get through.  Sometimes you have to make some very hard choices to pay the bills, or even tough choices about which bills to pay – should I pay the water bill or the electric bill?  Can I make it without water for a few weeks, and maybe just use the public system?  But you don’t always need to struggle this way.  There are ways to get money when you’re short on cash, especially if you just need to make it through for a little while.

Payday Loans

The first option you can do is get a payday loan, like through  These loans can help you get by until your next payday, but in order to qualify, you need to have proof of employment by having a pay stub available.  Since these loans are processed online, you can get your money directly deposited into your bank account from the convenience of your own home.

Short Term Loans

There are other short term lending options that aren’t based on having a paycheck.  These are normally known as personal loans, and are based mostly on your credit and ability to repay the loan.  Since these loans are typically riskier, you may have to pay higher fees and interest than other types of short term loans.  However, they can make a good option if you just need to get by for a few weeks.

Pawn Loans

Finally, you could also consider getting a pawn loan, which is where you use an item of value as collateral for a loan.  For example, if you have a watch worth $500, you could pawn the watch for about $300.  These loans typically have better interest rates and fees because if you don’t pay, the pawn shop will simply sell the item you put up for collateral.  It is important to keep in mind the timing of these loans, because if you’re late, you could lose the item you signed over as collateral.