Ways to Get More Money - Now!

Looking to get your hands on some cash, fast? Whether you need to fix that broken boiler or get your car repaired; take that luxury holiday or buy those can’t-live-without-new shoes, there is a time in all of our lives when we simply need – and want – more cash.

We all know that saving money is the best way to get more money, but if you really need cash fast what other routes are available?

Borrow from Friends
As you’d expect during an economic downturn ‘quantitative easing’ between friends has increased considerably. In the period 2009-10, Post Office research showed that Brits borrowed nearly £7 billion from friends. As many as a quarter of UK adults said they had lent money totalling £133, on average to four friends – or £33.25 per friend.

Payday Loans
Payday loans provide a quick way to access cash when you need it fast. Most payday loan companies will, on average, charge around £20 per £80 that you borrow.  Always pay a payday loan back on the agreed date as the Annual Percentage Rate APR on these loans is high. Do not take one out if you are unsure when or how you will be able to repay the loan.

If you need extra cash or more information on payday loans visit www.LoanExtra.com

Extend your Mortgage
If you are in need of cash and you’re a homeowner, then you could look at extending or increasing your mortgage so that you can access some of the cash tied up in your home.

Compare mortgage rates and remortgage rates in order to find the best, most suitable deal for your own unique situation.

Look for Compensation
Taken out a loan, credit card or mortgage in the last 10 years? Did you take out payment protection insurance PPI when you did? Millions of Brits have been mis-sold PPI by leading High street banks – and they who now owe billions in compensation.

Many of those who took out policies were ill advised and ill equipped to even claim on the insurance; some where even told that PPI was compulsory as part of their credit application. PPI is never a compulsory product. If you need more cash, try and claim compensation now.

Interest Free Credit Cards
Getting a new credit card will also give you access to a lot of cash, fast. Look for a 0% interest introductory offer credit card – some of them run for a year or more – and this way you will have plenty of time to pay off the credit that you access.

Please note that once the introductory rate is up you will be on a far higher credit card rate of interest so if you rack up a considerable amount of debt on the cards during the introductory period you could face extremely high repayment rates once the ‘honeymoon period’ is over.

Compare credit cards now on Moneyextra.com

Moneyextra.com recommends you take independent financial advice before acting on any article

2011-10-11 11:39:31 © Moneyextra.com