If your next payday is a week or more away and you need cash now, you may be worrying about your options. These days it is possible to get same-day money, especially online, though your eligibility may vary based on how much cash you need and the lender’s requirements.
If you’re looking for a small amount of money, you may be able to earn the funds online with little effort. However, for larger sums, you may need to apply for a loan online. The bright side is that application processes are fairly straightforward, and some lenders offer loans specifically to those with less-than-perfect credit scores. Here are three easy ways to get same-day funds:
1. Get a payday loan
Payday loans typically give you access to a few hundred dollars through a simple online or in-store application process. You may need to provide identification documents, such as a driving license, as well as proof of income, such as a pay stub. In order to secure a payday loan, you need to be at least 18 years old and have a valid checking account.
Payday loan lenders usually have a quick approval process. This means that after you apply, you may only have to wait a few minutes to find out whether you can get the funds you need. If approved, you can get the money in your bank account as soon as that same day.
2. Get a salary advance
You may be surprised to learn that you don’t have to approach your boss at work to get a salary advance. Some third-party companies are offering fast salary advances to employees so they can access the funds needed to cover emergencies. The application process is usually quick and easy, but the fees may differ from one lender to the next.
Some salary advance lenders are available only to employees of companies who have subscribed to the service, but others may be available to anyone who meets requirements like having a valid timesheet and checking account. While such services and apps are great for anyone looking for same-day funds, it’s important to research them thoroughly before using them.
3. Apply for a personal loan
Not all personal loans are disbursed on the same day you apply, but some lenders promise speedy processing so borrowers can receive same-day funds. Credit score and income requirements will differ from lender to lender, so not everyone will be eligible for a same-day personal loan. However, if you’re looking to borrow a larger amount, a personal loan might be your best bet.
4. Sign up for same-day gig work
If you need a small sum of money quickly, one easy way to make some fast cash is by signing up on a gig work website and taking on work that same day. Depending on the service you sign up for, your task could be anything from shopping for groceries, helping someone move, and setting up furniture to completing a writing assignment or even providing handyman services. Some sites collect payment from users as soon as their task is picked up, so you may be paid immediately once you complete the job. You can also look up similar tasks or requirements on local classifieds websites.
If you live close to a research center or university, check out their online bulletins. You may be able to sign up to participate in a research study that pays cash. Large universities usually have researchers who require applicants to participate in tests or surveys, and they’ll pay you a small amount of money for your time.
