Sometimes life doesn’t go as planned, and at those times it is often necessary to come up with cash fast to fix whatever problem has come your way. Whether your car breaks down or you need to come up with money to take a child to the doctor, a quick cash loan could be just what you need to take charge of the situation.

Sources of Quick Loans – Same Day Cash

Credit Card Cash Advance: If you have a credit card that has an available balance, there is a good chance that you’ll be able to take a cash advance if you need money for something that can’t be paid by credit card. There is usually an extra fee for taking a cash advance, so make sure you know how much the loan will cost before you take out a cash advance.

Family and Friends: No one likes to hit up their family and friends for money, but when you are in a tight spot, it can’t hurt to ask. Many times a family member will help you out if you really need fast cash for an emergency.

Payday Loans: These quick cash loans come with a high interest cost, but they are easy to qualify for if you are employed and have a bank account. Make sure you come up with a plan to pay off the loan when it comes due, or a payday loan can turn into a borrowing cycle that is difficult to get out of.

Pawn Shops: At a pawn shop, you can borrow money as long as you have something valuable to use as collateral. You can pawn watches, jewelry, musical instruments, electronics, and other items. The item must have real value though. Pawn shops won’t accept collateral that they don’t think they can sell. You will be able to borrow a portion of the item’s value, and the pawnbroker will hold the item until the loan is repaid. You’ll receive a receipt or token that can be used to claim the item when you are ready to make your payment. These are quick cash loans that can sometimes be extended if you are unable to pay by the initial due date.

Car Title Loans: You can usually get more money by using a car title loan than a payday loan, but that depends on the value of your car. When you borrow against your car’s title, you are risking the car itself. If you don’t pay back the loan, the lender will repossess your vehicle and sell it to cover the loan.

Most quick cash loans that are easily available are also expensive. Before applying for this type of financing, you should come up with a repayment plan so you will not get sucked into an unending cycle of debt where you have to keep borrowing more money to repay the loans.

Even if you have bad credit, it is possible to get an instant cash advance.  You don’t even need a credit check, proof of employment, or a checking account.  This is good news because your credit report contains negative information for the past seven years, so any loan you apply for that requires a credit check will be adversely affected even by old information.

Requirements for verification of a bank account keep many people with bad credit from borrowing money because even bad credit lenders want some assurance that the borrower will be able to repay the loan.  However, there are still loans available that you can get even without having a checking account at a bank.

Sources of Instant Cash Loans for People without Bank Accounts

The easiest way to get a loan without a bank account is to go through a pawn broker.  In order to do this, you must have something of value to use as collateral against the loan.  The pawn broker holds your collateral until you repay the loan, and if you fail to pay it back, the broker will sell the items in his or her pawn shop to recover the money from the loan.

It is possible to get a payday loan without a checking account.  However, you will have to search hard to find the right lender because most of them do require that you have an account.  With a payday loan, you must be able to show your most recent pay stub to prove that you are employed since the money will be required to be repaid out of your next check.

Family loans can be a good way to get you by when times are tight.  Many times, a close family member will be willing to lend you money to help you out if they know you are in a tight spot.  However, family loans can also lead to tension between family members if they are not paid back, so be sure to repay them quickly.

If you already have a credit card, you can probably take a cash advance out against the card if you are unable to purchase the items you need using the card itself.  The fees for cash advances can be quite high, but this is one way to get an instant cash loan if you are unable to get it some other way.

Whenever you apply for a bad credit loan, especially one without income or bank account verification, you’ll find that the fees are quite high.  It can sometimes cost $15-30 in fees and interest to borrow $100.  For this reason, you should avoid an instant cash advance loan except as a last resort.  A no-verification bad credit loan can be a great help if you really need it, but because of the high fees, you can find yourself getting caught in a cycle where you need to keep borrowing more money just to pay off the loans.