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You just lost your job? Your kid has an unexpected medical emergency? You’re here because you need cash now! It’s ok, it happens to everyone. We can help. Let’s dive into it! We reviewed some of your options (including payday lenders which we don’t like) if you need quick cash.
Recommendation: it’s always good to make regular account balance check or save some money aside, for rain days, but we all know it’s not always easy. And we all know that banks charge super high fees when you overdraft. In many cases, using alternative solutions and overdraft apps protection will be much cheaper.
Need Cash Now reviews:
Lender: PockBox.com
Loan amount: $100-$2,500
Cost: Depends on the state
Availability: Next or same day
Convenience: 4.5 / 5
Lender: LoanSolo
Loan amount: $100-$1,000
Cost: Depends on the state
Availability: Same day
Convenience: 4 / 5
Lender: Avant
Loan amount: Up to $35,000
Cost: 9.95-35.99% APR
Availability: Next or same day
Convenience: 3.8 / 5
Lender: Cash Now app
Loan amount: $100-$1,000+
Cost: Up to 2,340% APR
Availability: Next or same day
Convenience: 2 / 5
Lender: Dave
Loan amount: Up to $75
Cost: $1/ month + $5 transaction fee
Availability: Next or same day
Convenience: 3 / 5
Lender: LendUp
Loan amount: $100-$1,000
Cost: Up to 1,000% APR
Availability: Next day usually
Convenience: 2.8 / 5
Lender: CashNetUsa
Loan amount: $100+
Cost: Depends on the state, but from 200% APR
Availability: Next day usually
Convenience: 1.5 / 5
Get a loan today with bad credit
Definitely possible! Many solutions are now available and can provide you cash even if you don’t have a credit score (or if you have a poor one). You will of course need to show other proof of stability, since the lender will want to make sure you are good to pay back. The lenders reviewed here provide cash to people with all types of credit scores. You may be able to borrow $50 or $100 instantly!
Get cash now with no bank account
If you need cash but you don’t have a bank account, it will be impossible to get cash through online platforms, at least with the companies we reviewed here.
You might need to go to offline sites (pawnshops) – we don’t recommended.
If you are out of the financial systems because you were hit by too many bank fees, you should know that there are solutions for you. Living with cash only can make your life quite difficult. More and more people are using prepaid card (you can have direct deposits on many of them) or alternatively change banks to online banks or banks with no fees.
In any case, we encourage you to have a bank account as we think it will contribute to your and your family financial wellness in the long-run.
Get cash now with no job
Can you get cash even if you don’t have a job? Yes! It is possible with Dave as long as you can show a direct deposit of at least $1,000 per month over the past few months. The good news is that because Dave connects directly to your bank account, it can pull and analyze your transactions history automatically. No need to do anything here.
For CashNetUsa, you will need to show employment for at least 1 month prior to the date you apply for a loan.
LendUp requires proof of employment depending on the states you live in. You will need to check on their website directly.
CashNow mentions that you don’t have to hold a job per say but you do have to show a regular source of income if you are not employed.
Free cash now
The Dave app is the closest thing to free cash. It cost $1 per month and in some cases a $5 transaction fee. Dave asks for tips but it’s 100% voluntary.
The other lenders reviewed here are not even close to provide free cash. You should know that nothing is really free!
WAIT! High overdraft fees aren’t the only way your bank is costing you money.
With inflation overheating, you’ve probably heard that interest rates are climbing sharply. That means that for the first time in years, it’s a great time to shop around for a high interest savings account.
The national average interest rate for savings accounts is currently 0.23% APY – that means that if you have $2,500 in a savings account, you’d earn just $5.76 after one year! Move those hard-earned savings to an FDIC-insured bank paying 3.50% APY and you’d earn $81.73 more!
Don’t let your hard-earned savings sit there doing nothing. Check out the rates that you can earn at other banks:
Mitchel holds a Bachelors of Business Administration in Finance from The Goizeta School of Business at Emory University and a Masters of Business Administration from The Haas School of Business at The University of California.
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