Sometimes people just need some quick ways to make money. Whether its money to pay some bills or to cover unexpected medical expenses we could all use some quick money making ideas every now and then. In this post we’ll talk about some of the fastest ways to make money that can help stretch your finances until your next payday.
The first ideas that we mention on this list such as getting a payday loan or a title loan are the ones that we recommend the most, not simply because they’re the services that we offer but because you can get the money quickly and don’t have to sell any of your personal belongings to get the money you need. With all the items on the list however you should be able to get money in anywhere from a few hours to a few days.
#1: Make Money on eBay
If you’re willing to put a little more time into selling your items you can usually squeeze out a few extra dollars by listing your higher end items on eBay rather than selling them at a garage sale or on a local classifieds. The downside is the fact that the best performing auctions usually run for 7 days, so this is another technique that won’t work the best if you are in a hurry to make some money. Also, there are fees associated with selling items on eBay such as listing fees and payment processing fees if you collect your money through PayPal. To be able to list an item on eBay you’ll need something to sell, an established eBay account, and a PayPal account so that you can get paid. There are other ways to get paid through eBay such as credit card or cashier’s check but PayPal is by far the easiest way.
#2: Have a Garage Sale
If you have some items around the house that you are looking to get rid of and depending on how quickly you need some money, and how much money you need, a garage sale might be a fast way to make money that could work for you. It’s important to keep in mind that the best days for garage sales are usually Saturdays and Sundays because people have the day off work so if you’re needing money earlier on in the week to avoid an overdraft fee or are at risk of having your power turned off, you’ll most likely want to use one of the methods we mentioned above. The nice thing about garage sales is that as long as you have stuff to sell they are pretty simple to set up. Advertising for garage sales is usually free all you need is some cardboard and a marker to make some signs or if you want to go more high tech you can put a listing on Craigslist.
#3: Get a Payday Loan
Getting a payday advance or an online payday loan is one of the quickest ways to get money. If you’re not familiar with how payday loans work, payday loans are when you can take out a loan and use your next future paycheck as collateral. Guidelines vary from state to state so the amount of the loan as well as the fees associated with it will be different depending on where you live but usually you can get a loan for $200-$1500 and the fees usually end up being around $15 per $100 that you borrow.
These loans aren’t intended for long term borrowing but if you need to pay some bills immediately or are trying to avoid costly over draft fees from your bank, payday advances are the perfect option. You can get a payday advance by either visiting one of our convenient Check City locations or by applying online.
#4: Title Loans
Another great option if you need money fast is getting a title loan. If you own your car outright and have the title in hand you can get a title loan for it. A title loan is similar to a payday loan or payday advance only with a title loan you are using your vehicle as collateral rather than your next paycheck. Title loans are available at any Check City location and all you need to bring in is your vehicle, the title, spare key, proof of insurance and registration, photo ID, proof of residence, and proof of income. Once you’ve provided that information all you need to do is fill out an application and you can be driving away with cash in hand that same day. Title loans typically last 30 days.
#5: Sell on Craigslist
If you are planning on having a garage sale you can usually “cherry pick” some of your nicer products and list them on local classified sites like Craigslist. In addition to Craigslist most local news stations have a classifieds section on their websites, here in Utah the most popular one is KSL Classifieds. Some items that seem to sell well on local classifieds are electronics, furniture, and baby items, and gardening products (depending on the season). Listing these items can not only get you some money faster than having to wait for the weekend to have a garage sale but if you are planning on having a garage sale as well you can put the address and time of the garage sale at the bottom of each of your ads and mention the fact that they can come take a look at the item at the garage sale.
#6: Pawn Shop
If you’d rather not sell your stuff, you can head down to your local pawn shop and take out a loan on it. For those of you that aren’t familiar with pawning, when you pawn something you’re essentially taking out a loan against something that you own. For example if you have a stereo, you can take it into a pawn shop, they will appraise it and then give you a loan for a fraction of the amount that they think they can sell it for if you end up not paying the loan back.
For some people this is the best option, especially if they are looking for a smaller loan. The average length of a pawn is around 30 days which puts it between a payday loan which is usually around 14 days and a bank loan which will usually be longer term. The downside to a pawn is that if you don’t pay back the loan, plus interest within the allotted time frame the pawn shop has the right to sell whatever it is you used for collateral, whether it’s your stereo, collection of Nintendo games or even your wedding ring they will sell it off. Another downside to using a pawn shop is the atmosphere. While most people don’t want to talk about it, pawn shops are oftentimes an easy way for thieves to off their stolen goods so those are the type of people that you’ll have to be around when you go into a pawn shop.
If you find yourself in a situation where you need some extra money we recommend using any of the methods above. If you still wonder which of these options is best for you visit a Check City location near you and they will able to help you find a financing option that best fits your needs.