If you need money urgently, then it could be the case that you will want to find the very quickest source of money that you can. You may be looking at urgent loans and wondering whether they are the quickest way of getting money or if there are others. There could be a selection of options and it is good to be aware of them so that you can choose the right one for you.
If you have any money in an instant access savings account then this could be the very quickest way to get some money really quickly. It can be tempting to hold on to the money, partly because we may be saving it or something specific or because it may have been hard to get it. However, although you will lose the interest on it, it is most likely that it will be a much cheaper option than borrowing money and therefore something that is well worth considering doing.
Use Credit Card
If you have a credit card, then this could be a suitable option for you. If you need to buy something urgently, then you might be able to do so on the card. If you have maxed it out, you may be able to ask the card issuer for an increase to your credit limit which will not take long to organise. However, if you need cash, then a credit card may not be such a good idea. This is because if you draw out cash from a cash machine then you will start being charged interest on it right away or there may be fees or both, due to using your credit card. So make sure that you check this out for and be aware of the cost so that you can compare it to your other options.
If you have an overdraft facility with your bank, then it could be a good idea to use this to get some extra money. However, these can be expensive and there will be no pressure to repay it (although it will be repaid automatically when money appears in the account). You will be able to get the money by withdrawing it as cash, doing a transfer or a debit card payment which could be convenient.
Use Urgent Loan
An urgent loan can also mean that you get money quickly. Some lenders will be able to let you have the money within a few hours of you applying for it, which means that it will be much quicker than most other types of loan. It is worth noting that they will not all be that quick though and so you may need to contact them to check how long it will take though as lenders will differ. You will also need to make sure that you provide them with all of the information that they need when you apply so that you are able to process your application efficiently and quickly. It is important with these loans to make sure that you will be able to afford to repay it though. This is because if you do not repay there will be extra charges and the repayment is normally a lump sum of money which means that you need to find a lot of money in one go. So, make sure that you are prepared for this and think about whether you will be able to afford this and where you got the money. Check carefully with the lender how much you will need to repay and when and this will help you get started with calculated whether you can afford it.