If you’re experiencing some financial trouble, you’re definitely not alone. But figuring out what to do if you are broke doesn’t have to be stressful.

According to the National Foundation for Credit Counseling’s 2020 financial literacy survey, 1 in 4 Americans can’t pay their bills on time. In addition, 62% admitted to being saddled with credit card debt within the past year. And the Pew Research Center recently found that 25% of adults had trouble paying their bills at all during the past year and a half.

The good news is that there are steps to take if you need cash quick. Here are a few suggestions to consider, including using fast payday loans Florida has.

8 Steps To Take When You Need Cash Quick

1. Ask For Delayed Payments On Bills

Figuring out what to do if you are broke is hard to sort out. But don’t forget that many creditors, including cable and utility companies, don’t often charge you interest if your payments are late.

Call the companies behind your various bills to see if they will accept delayed payments or work with you on a payment plan. It’s a great way to save money if you need cash quick for other expenses.

2. Ask If Your Employer Offers Payroll Advances 

It may be difficult to work up the courage, but what to do if you are broke may be simply talking to your boss. Many employers offer payroll advances which you can typically repay via a deduction on future paychecks.

3. Use Your Life Insurance 

It may not be your first choice for what to do if you are broke, but if you have life insurance that has a value in cash, you can actually borrow against it. You often have an indefinite amount of time to pay it back (well, you have the rest of your life). It’s cash available to you especially if you need cash quick.

4. Rent Out A Room Or Space

Websites offering short-term rentals, such as Airbnb and Vrbo, are more popular than ever.

If you have an extra room or vacation home, you can easily turn that into reliable income if you need cash quick. There are even sites that let you rent out any type of space — a shed or parking spot, for example — to others which might be what to do if you are broke.

5. Review Your Insurance

Car insurance premiums vary wildly. When’s the last time you reviewed your terms and shopped around? You can stand to save hundreds of dollars by looking at new car insurance companies to do business with — perfect if you need cash quick.

6. Try To Refinance Student Loans

According to NerdWallet, refinancing your student loan can save you more than $11,000 using their own refinancing platform. When so much debt is impacting young people as the result of high student loans, refinancing your loans could be the first step of what to do if you are broke.

7. Take A Hard Look At Your Cell Phone Bill

While you’re reviewing your insurance and student loans, break out your cell phone bill and see what adjustments can be made.

It’s a fantastic way to earn back some quick cash. You may even find that going with a new cell company that offers much better rates is the way to go.

8. Sell Your Unused Stuff

You’ve got it, you’re not using it. Sell it.

Gather up unused or outdated possessions, including big-ticket items like electronics or furniture, and put them up for sale online or via an old-fashioned garage sale. The most common items that can bring the most money are clothes. Time to give your closet an overhaul if you need cash quick.

And Another Option When You Need Immediate Quick Cash

When you need cash quick, you may not have the time to use some of the steps listed above. Or at least, you’d need to buy yourself some time until they become effective. That’s when you can consider an online payday loan from Fast Payday Loans, Inc., which can offer you payday advances of up to $1,000.

All you need for short-term payday advances to help with financial emergencies from Fast Payday Loans Inc. of Florida is:

• Your most recent pay stub.
• A government-issued photo identification.
• A blank check from a checking account in your name that’s active.
• And lastly, you must be at least 18 years old.

When you have those qualifying items, payday advances from Fast Payday Loans, Inc. can be yours in as little as 30 minutes, even if you have bad or non-existent credit, since Fast Payday Loans, Inc. welcomes all credit types.

How To Get Payday Advances In Florida

To get Florida payday advances, you just got to start a simple process online or by visiting one of our Fast Payday Loans, Inc. Florida locations near you.

To begin online, submit some basic information about yourself through our form on Fast Payday Loans, Inc. of FL Once the form is processed, a payday loan representative will give you a call to answer any questions you may have, schedule an appointment with you, and give you further instructions.

Take the qualifying items to your appointment to let the loan representative review them. If you are approved, you can get your payday advance the very same day!

It’s Simple: Submit An Online Form Today!

Payday advances are one option for what to do if you are broke, especially if you’re dealing with unexpected and urgent expenses, such as hospital visits, last-minute travel, or home and car repairs.

Payday advances from Fast Payday Loans, Inc. can be acquired in a single day through our streamlined process. Submit an online form to get yours started today!

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.