Looking for the best emergency cash generators when you have a crisis can be difficult to do depending on your circumstances. It isn't always possible to tap the home equity you have built up because these loans can take weeks and months to process. When it comes to emergency cash generators that can bring you a few hundred dollars the same day, this asset isn't much help. There are other things that come to mind like borrowing from relatives, friends or your employer, but often these are not a reliable source and shouldn't be considered emergency cash generators.
The first reason is that many relatives and friends may not have the money to lend you in the first place. Another reason can be that they can be very judgmental about how you spend your money and whether you have a real need. Sometimes, this is a good way to get advice you didn't ask for and can cause embarrassment and hard feelings. Many employers have a company policy against borrowing against your next payday, so none of these options would be considered good emergency cash generators, if you need cash quickly.
Pawn shops can be an option for a few people that might have the goods they are looking for. They will only loan you pennies on the dollar and you take a chance of losing your possessions if you don't make the full balance before the date it is due. To make matters worse, they may charge you double what they gave you in cash to redeem your personal items, if they are willing to give you much cash at all. Selling your jewelry and other valuables might not be the best emergency cash generators because you won't get what it is worth or could be replaced for.
Instead, the easiest and most convenient emergency cash generators might be payday cash loans that you can get online. They are easy to access and you can apply for them from your computer very quickly. As long as you have proof of residency, a steady job and an active bank account with debit card, all you have to worry about is being over 18 years old and paying your other bills on time. The process is easy and quick making it one of the best emergency cash generators and the one with the least amount of hassle.
You can transact the payday cash loans over the Internet in the morning and have cash transferred to your bank account the same afternoon. This makes it one of the quickest emergency cash generators you will find. Even if your relatives or friends agree to give you the money, they might need to go to the bank the next morning or go through some other hassles to get the money to your bank account. Because payday cash loans can be handled over the Internet, you never have to leave your house and nobody has to know about your financial emergency, which makes it one of the most popular emergency cash generators for most people.