When the need arises for cash, time is of the essence. Typically, the circumstances are such that a life event; be it an immediate necessary repair, legal issues, or perhaps you are a college student who is short on rent, unfolds at an inopportune time.  

Countless articles and books have been written in an effort to assist those who seek a more stable financial life. The internet and bookstores across the globe offer readers a variety of options; including “get rich quick”, “debt-free living”, and “saving for retirement”.

This article will start with a look at what an individual can do when the need arises for some quick cash, when the needed funds are not at your disposal. Next, a macro and micro view will be taken at personal finances.

Help!

2 situations that occur to most everyone at some stage in their life are:

• Unexpected repair (be it auto, appliance, etc.)
• Shortage of funds to cover necessary bills (i.e. rent, utilities, groceries)

Traditional banking sources serve a purpose in our economic landscape. The advantages are well-known to all of us. However, they do come with some disadvantages, depending upon the circumstances of the consumer and their immediate needs.

Enter alternative banking solutions. For those not familiar, set aside any preconceived ideas you may have and consider their practicality. Here are some of the lesser known benefits to this source of quick cash when it’s needed the most and no other alternatives are readily available (*please note that the terms and conditions will vary depending on the lending source):

• Loan application takes only a few minutes to complete
• Applicant does not have to accept the terms, free to turn down the offer
• All credit scores can apply
• Fund transfer, upon approval, occurs quickly