Millions of Americans face emergencies every day. And as a result of a global pandemic, families across the United States have been hit hard, and the economy is suffering. If you are one of those families looking for emergency cash nationwide, there is hope.
There are many different loan options and resources available to you. If you are facing an eviction/ foreclosure, or other emergencies, Max Cash Title Loans may be able to help. You could have an unforeseeable emergency that you need cash for, and there is hope! Applying for a title loan can take just minutes to do online, and many borrowers receive their funds in their checking account as little as one business day.2 5
To learn more about how to get emergency cash nationwide, keep reading below!
Emergency Cash Nationwide Through Loans
One of the easiest ways that borrowers can obtain emergency cash when they are experiencing severe financial hardship is through a loan. Some loans can really help your bank account, and others are not as helpful in the long run. While many different types of loans exist, it is important to choose one that will best help your financial situation now and later! Many Americans are still recovering from The COVID pandemic, but there are loan resources available:
Credit Card Cash Advance
If you already have a credit card provider and a checking account, a credit card cash advance could be the right option for you. A cash advance with your credit card works by accessing your available line of credit and turning it into cash. For example, if you have a $1000 credit limit on your credit card that is available, you can request it as a cash advance. This can be done at an ATM, and you could get the cash in hand or to your bank account. Just like you can take cash from your checking account with your debit card, you may be able to do the same with your credit card! Credit card providers like VISA and MasterCard are known for providing cash advances if you need to make an emergency withdrawal.
Keep in mind, however, that your cash advance will be subjected to the same interest rates that a regular purchase with your card would be. In fact, some credit card providers will charge even higher interest rates with a credit card cash advance. While it is easy to withdraw cash, it may be challenging to pay it back. Keep an eye on your account balance and your account number with your credit card provider. Additionally, make sure to pay it off as soon as you are able to avoid interest fees.
There are many online and in-person lenders that offer payday loans. These loans are meant to help borrowers in between paydays, and are often $50-$500, depending on your income. These are meant to be short term loans and are often for obtaining emergency cash.
If you have the financial need and you are employed, you may have considered a payday loan.
While these can be an excellent way to obtain cash on the spot, they often come with consequences. Many payday loans come with extremely high interest rates and fees. This could potentially mean paying back twice what you borrowed! While these loan terms are meant to be only a month, they often roll over with extra interest because borrowers cannot afford the initial payment. When taking out a payday loan, be mindful of your ability to repay it back. It could hurt your wallet in the long run!
Personal Loans Nationwide
If you do not have bad credit, one of your options is to take out a personal loan. Personal loans can be helpful for those with good credit, as a lender will often give them a low interest rate and more optimal loan terms.
When it comes to personal loans, borrowers with bad credit will often receive high interest rates, or may not even get approved for a loan at all. Personal loan amounts are dependent on your income and credit score. And, may only be helpful if you have the right credit history.
Cashing Out Your Retirement Early
If you are a contributor to your retirement account, you may have the ability to tap into it. This is known as a hardship withdrawal. It can allow a participant to access their retirement savings because of financial need. The money is taxed by the IRS in this case, and it could be denied if you do not meet the qualifications.
While this is an easy way to withdraw cash from your account, there are some drawbacks to fast cash. Taking out cash now and getting it taxed will mean less money for you to retire with. Consider the pros and cons before choosing this method.
If your credit is less than ideal, a title loan could be the right loan for your financial needs. Title loans do not require perfect credit history, since collateral is used to secure the loan. The collateral for a title loan is the title to the vehicle. Since the loan has been secured, the approval process can be much easier, even for those with poor credit! Those from all credit histories and backgrounds could potentially receive approval for a loan because of their collateral.
With a title loan, you will be able to access a portion of the equity in your vehicle. While it may vary depending on the lender, often you will be able to access half of what your vehicle is valued at. This means if your car is worth $1,500, you could receive up to $750 through a title loan with some lenders.
However, your loan amount will also depend on your income. If you cannot afford a monthly payment that would come with a $750 loan, you often will not be eligible for that amount. Instead, you could receive approximately 25% of your car’s equity with that lender.
Why Choose Max Cash Title Loans for Emergency Cash?
If you’re in need of fast cash and you are struggling financially, Max Cash Title Loans could be the answer.5 One of the features of Max Cash Title Loans is to connect you to thousands of lenders across the United States! 5 Finding the right loan for your financial situation, and getting emergency cash nationwide has never been easier. 2 5
Applying can take just minutes to do online, or over the phone with a representative. Get started on your title loan today and get the emergency cash you need!