Experiencing a financial emergency? Sometimes, you need more money than you have on hand, and you can’t put things off until payday.
What’s more, the unemployed often face the termination of their benefits, despite their best efforts to find a job.
As you can imagine, this is a stressful predicament to be in, as utilities, banks, and credit issuers won’t stop wanting payment simply due to their customer’s inability to pay.
This brings us to your situation – what can be done to keep creditors at bay? Before you consider bankruptcy (a credit destroying move), it is wise to find ways to grind up some cash in a hurry.
In this article, we’ll discuss several ways you can get out of your financial bind.
1. Seek out a payday loan
Shook out all the couch cushions in your home for money but still can’t make ends meet? At this point, getting a payday loan is an option that is preferable to having the lights go out.
If you need to pay the power company in a matter of days, the quick loans trusted providers can grant you won’t harm your finances if you are serious about paying off the balance as soon as you get paid.
There are payday UK providers both on the high street and online (though the latter offers more competitive rates), so swallow your pride and do what needs to be done to keep you and your loved ones warm.
2. Sell off your crap
Consumerism is king in our society. On any given day, we buy stuff via cheques or credit which do everything from kneading the cramps out of our back to chopping up a potato in one push of a plunger.
You may have given yourself over to minimalism, but we are willing to bet you have gadgets gathering dust on top of your guest room bed.
Clean them off, snap some sharp photos, and post them on every relevant classified site you can find.
Craigslist and Gumtree are the biggest players in the United Kingdom, with each of these platforms having a solid base of daily users who are looking to make cheap additions to their household.
Set a price that is reasonable, but don’t sell yourself short. After a while, you’ll have a lot more space in your house and a mound of cash in your wallet.
3. Sign up for a medical trial
Unfortunately, you can’t sell plasma or blood in the United Kingdom, but if time is on your side, you have the option of signing up for a medical trial.
Plenty of pharmaceutical firms need human subjects to test whether the beta version of their drugs work the way they did in pigs, rats, etc.
To attract subjects, these companies offer pay scales that can earn you well over a thousand pounds in some cases.
While there is a risk of long-term health effects if things go pear-shaped, the risk of truly bad effects is rather small, and you’ll be watched by doctors for the duration of your internment.
Michael Sanduso lives in Toronto, Canada. He is a freelance writer and editor, tech geek, and stay at home father.