3 Emergency Cash Options to Avoid

When you are desperate for extra cash, youPayday Advances from Your Employer
might feel like you would do almost anything toSome employers offer payday advances to their
get the money you need. However, you don'temployees in financial fixes. This option may or
have to sacrifice your financial health just to avoidmay not come with a finance charge. The
a financial crunch. Some companies offerproblem with this option is that it forces you to
emergency cash in products that are easy todisclose your financial situation to your employer.
understand and reasonable in their terms - whileMany employees who ask for a payday advance
others do not.are also forced to ask for subsequent ones when
Consider the options to avoid when you are intheir paychecks begin to get smaller to make up
need of extra cash, as well as one option thatthe amount of the advance. This can put you and
can offer the money you need to ease theyour employer into a potentially strained
financial strain, as well as provide you with peacerelationship. Don't put your job in jeopardy to get
of mind.the emergency cash you need.
Pawn ShopsThe Better Option
Pawn shops are often an option people considerFor those looking for emergency cash, there is a
when they need emergency cash. These shopsbetter option available. Companies that specialize in
pay cash for your valuables, such as your jewelrycash loans understand the dire situations some of
and electronics. While you may walk out of thetheir customers face. Their streamlined application
shop with money in hand, you are also walkingand approval processes allow you to get the
out without some of your treasured possessions.money you need, when you need it. While interest
Don't take the chance on losing family heirloomsrates tend to be higher for these types of loans,
or personal valuables to get cash in this manner.the cost is still much less than the other options
There are better options available.listed above. They also tend to be a better deal
Auto Title Loansthan paying bounced check charges or late fees
Some lenders will give you the money you needon bills.
when you offer your automobile as collateral forWhen financial times get tough, there is help
the loan. The advantage to this option is that theavailable. By shopping with credit companies to
loan itself may come with a relatively low interestfind the best emergency cash loan for your
rate and good terms. However, if you don't payneeds, you can get the money you require
the loan back in a timely fashion, you stand towithout losing valuable possessions, jeopardizing
lose your car in the process. It might be hard toyour work situation or digging yourself into a
continue going to work and bringing in a paycheckdeeper financial hole. Credit companies that offer
without that transportation source to get youcash loans can give you the money you need,
there. Don't risk your precious car to get thewhen you need it, with easy to understand terms
money you need.and flexible repayment options.