When a person needs cash loan singapore more than they currently have on hand, the situation can become a distraction in your day-to-day life. And when that need becomes more and more intense, it can lead to a stress and thoughts on how to get the money that you need. One of the best answers is to try to earn more money but sometimes, it is not a realistic option, especially when the clock is ticking and those bills are already piling up.
The next-most obvious answer is to borrow money and the next thing that comes into your mind is who can you borrow from? If you don’t have any idea, here are some few time-tested resources for getting a quick cash on hand:
- Borrow from a friend or family member. This is an attractive option because it usually involves not having to pay any interest (although, paying interest to a family member or friend is definitely a possibility). The biggest downside to this option is the awkward moment when you have to muster up the courage to ask that special person if you can borrow money: never a comfortable thing to do. And, there is also a big potential risk to this option: if you end up not being able to repay the loan, you could do some serious damage to the relationship.
- Borrow from your employer. If you have worked at your company for a number of years, you may be able to borrow a few bucks from your company. Most of the agreement may come in writing, they will usually deduct your payment from your salary.
- Borrow against a future paycheck. Payday loan stores have become big business nowadays. They are just about everywhere, including in online stores. If you have a steady income and can bring recent check stubs with you, a payday lender will give you a loan.
- Borrow using an unsecured personal loan. One of the best options to consider is an unsecured personal loan. These loans are called unsecured because taking one out does not require that you put up any collateral). Still, repayment terms are usually a bit more flexible than with a payday loan. And, you can usually get qualified very fast.