Is there a way to get big money now?

If you need cash before payday or on the day your account is debited, but you don’t have it ready, you may be wondering which method to borrow money from.

In this article, we will introduce methods and services to safely obtain cash on the same day for those who need money in a hurry. We will explain what you should not do and what you should be careful about no matter how much money you need, so please use it as a reference.

A safe way to borrow cash same day

borrow money at a pawn shop
A pawn shop is a service where you can borrow money on the same day using your personal belongings as collateral. If the loan cannot be paid by the repayment date, the ownership of the deposited item will be transferred to the pawn shop and the money will be used to pay off the loan.

Items left at pawnshops vary depending on the store, but generally include watches, precious metals, musical instruments, branded bags, cameras, and cash vouchers. There is no screening process and you can get cash on the spot you deposit it, so it is recommended for those who want to borrow a small amount of money right away or those who have difficulty passing the screening process at a financial institution.

Note that pawns are originally limited to items that have collateral value, but in reality, they accept items that have no collateral value as pawns and make high-value loans.In reality, they are simply lending at high interest rates. Illegal businesses (disguised pawn shops) also exist. If you have any doubts, check to see if the company is properly registered.

Use credit card cash advance limit
Credit card cash advance is a service that allows you to borrow cash for shopping payments, which is the original purpose of the card. You can borrow and repay as many times as you like within a preset usage limit.

If your current credit card has a cash advance limit, you can borrow money immediately. However, if your card does not have a cash advance limit or you do not have a credit card in the first place, you will need to apply for a new one.

Additionally, cash advances generally have lower credit limits than card loans. Just like card loans, it is subject to total amount restrictions, so if your borrowings from other companies already exceed one-third of your annual income, you will not be able to take out new loans, so be careful.

Borrowing costs interest and fees, so be sure to check this beforehand and plan accordingly.

Apply for a consumer finance card loan
A consumer finance card loan is a service that allows you to obtain financing using a special card. Recently, there are cardless options that do not require a card.

In the case of consumer finance card loans, the screening process can be completed in a relatively short period of time, and there are also services where you can see the screening results on the same day. Also, compared to credit card cash advances, the maximum spending limit tends to be higher. On the other hand, interest rates tend to be slightly higher than bank card loans.

Please note that even with consumer loans, which tend to have a relatively quick approval process, it may not be possible to get a loan on the same day depending on the time of application and the approval status.