4 Best Ways to Raise Cash Fast During the Pandemic

October 9, 2020 | Emma Frost

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The COVID-19 pandemic threw many people into a financial tailspin. Businesses closed down. People were retrenched or suffered huge pay cuts. Many daily wage earners and contract workers suddenly lost their only source of income overnight. Millions were suddenly faced with the problem of paying bills or even putting food on the table. "What am I going to do? How am I going to raise cash fast?"

Are you one of the people affected by the COVID-19 pandemic? If you feel backed into a corner with nowhere to go, here are some short-term loans and simple money-raising ideas that help you quickly get emergency cash. It’ll be enough to tide you over, or help you get back on your feet. Especially with the help of payday loans in Florida, these methods can help you stay right on your feet during these uncertain times.

Ways To Stay Afloat During The Pandemic

Revolving Credit

Revolving credit is unique in the sense that you can borrow multiple times as long as are within the loan limit. Let’s say you have a credit limit of $5,000. You make monthly payments, and are able to pay off $3,000. If you suddenly need to have money again, you can borrow another $2000.

Revolving credit is convenient and flexible, but you do need to have a good credit history. Getting this kind of financing won’t affect your credit score – as long as you don’t default on your payments. In fact, meeting payments on time will actually increase your credit rating.

Start A Business With Your Stimulus Check

Stimulus checks certainly help pay off the bills; but you can also use it to start a small home business that can provide some form of monthly income. It doesn’t have to be a very expensive or complicated business. It can be anything like selling food or baked goods, pet grooming, reselling goods on Amazon or eBay, making scents, and selling handmade candles. Do research on simple businesses you can start with $1000 or less, or partner up with other friends to pool your resources.

Find Work Online

The demand for online services has actually increased dramatically during the pandemic since quarantine and lockdowns have forced many people to stay home. Experts predict that online businesses and services will continue to grow well into the next year.

Check jobsites and freelancer sites for remote work. If you’re lucky, you can find something that suits your work skills and experiences – but remember to be open to other options too. If you’re fluent in several languages, look into translator jobs. If you can type quickly, consider transcriptions. Maybe you can be a writer or content creator, virtual assistant, project manager, or online teacher. These can provide temporary income until you find a more permanent job.

 

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Payday Loans

A payday loan is another option available to you. With a payday loan, you can borrow money and then repay it on your next payday. It is designed for times when you are in between checks but need money right now. You won’t solve your problems permanently, but it will bring you some much needed help.

With fast payday loans, don’t need collateral to get the cash you need. The money is given to you in cash, on the same day you are approved – so you can quickly walk out of our store and on your way to solving your situation. And you don’t have to worry about your low credit score. You can still qualify!

Our process is simple as can be. You don’t need to provide a lot of documents – just your driver’s license or ID, your most recent pay stub, and a blank check from an active checking account in your name. Paying the loan is also very convenient. Just make sure to pay back the loan with your next paycheck or sit down with us to come up with a payment plan you can handle.

These loans are there for sudden, unexpected expenses. You can use a payday loan to pay your bills or emergency expenses like house repairs, medical bills, utility bills, or for other little emergencies that pop up before your next paycheck. It is not designed to permanently fix your finances – but as a bridge to get you to your next paycheck on your feet.

Find Your Financial Bridge over troubled waters

If the COVID-19 pandemic has affected your work and your finances, don’t lose hope. Things will get better, and you will survive this crisis. It may be difficult now, but you have many options to raise cash quickly and find temporary income sources. Payday loans, title loans, and other short-term loans can help pay the bills and even give you enough capital to start a small business. Slowly, steadily, you will find your footing again and get your life and your finances on track.