For some reason in life, it seems that once we feel we have it all figured out, something comes to change our mind pretty quickly. This is never more prevalent than when it comes down to money. Just when you think you have enough in your bank account for the immediate future, an accident or sickness happens and you are back to square one. Trying to survive day to day while counting your pennies is not a thing that anyone looks forward to. Fortunately, there are options to consider when you are in a bind and need money fast.
Ask for Help
No one likes to take a hit to their pride and asking for money from a friend or family member definitely does that. If this is something that you have rarely done before, then there is a good chance that someone can help you out. If you have made a name for yourself asking for money from others, then don’t expect people to just pop open their wallets for you.
The key is to not just ask for help, but provide them the assurance that you will pay them back. Give them a timeline you plan to follow for a repayment schedule. Or, better yet, give them some sort of collateral they can have if you do not pay them back by a certain date. You may hate giving up the old car that you have stored in your garage for years, but if it means getting your finances back on track, then it is worth it.
Speaking of Collateral
Instead of asking for help and providing people collateral in return, why don’t you just try selling something that will bring in the extra money needed? Your old comic book or baseball card collection could bring in some serious money if you market it correctly. Of course, no one likes to part with their prized possessions, but desperate times call for desperate measures.
Consider a Short Term Loan
Short term loans will usually be more readily available from certain financial institutions than the loans you may be able to acquire at the bank. Of course, there could be certain qualifications or terms for such a loan that might have you second-guessing this option. But if the deal is acceptable, you should definitely take advantage of a Montreal loan that could straighten out your immediate finances.