America may be the land of opportunity, but it’s also an expensive country to live in, and there could be times when you need money now and simply don’t have it.

An article by CNBC found that an estimated 78% of American workers live paycheck-to-paycheck. Despite the fact that our economy is doing well and unemployment rates are low, many people still don’t have extra cash to splash around.

This might not be a problem if you’re typically careful with your budget, but what if emergencies happen and unanticipated expenses arise? What if you can’t pay for unexpected costs and still pay your bills on time? This type of situation is an unfortunate reality for many Americans, but you can find ways to get money fast when you need it.

When an accident occurs and you find yourself facing medical bills, your car needs unexpected repairs to get you to work and back, a termite infestation requires spot treatment to protect your home, or you need money desperately to address another pressing concern, you have to act fast. You don’t have time to wait for your family to decide if they want to help you out, or for busy bank managers to run credit checks and process your application.

When you need money now, short-term payday loans are a speedy alternative that can help you cut through red tape and get the funding that will put you back in the black. How can you get money fast with a loan that meets all of your needs and works with your budget? Here are a few tips to ensure you qualify and get the best possible terms.

Need Money Now? What to Do:

When you find yourself in an emergency situation and facing expenses you didn’t expect, it’s easy to panic and freeze. However, when you need money fast, just knowing that assistance is available should help to reduce your stress and give you the confidence to move forward with a plan of action.

What should you do when the worst happens and you have to cover costs immediately? The place to start is by finding a trusted lender that offers fast approval. This probably won’t be your typical bank, which makes you jump through hoops like credit checks.

If you don’t have the best credit to begin with, this can not only mean wasting time on a lengthy approval process, but often getting denied and having to start the process all over again, potentially incurring additional expense should you miss payments and be subject to late fees. Don’t forget, credit checks and late payments can also impact your credit score, which you definitely don’t want.

You’ll need a lender capable in of fast loans, and with an option like online applications, you can expedite the process even more and enjoy the convenience of applying in the comfort of your own home. If you need money fast, for whatever reason, you’ll find that there are options to explore that meet your needs.

Qualifications to Get Money Now

When you need money desperately, getting fast cash sounds great, but keep in mind that there is still a simple application process to go through, and it will go much more smoothly if you’re prepared to meet the minimum qualifications.

Qualifications for lending can vary by state and by lender, but there are a few eligibility requirements you can generally expect. First, you should be 18 years of age to apply for a loan. You may also have to provide proof of U.S. citizenship or permanent residency, such as a driver’s license or other form of ID. You should also expect to offer proof of steady employment (showing your ability to repay a loan) and an active bank account (typically a checking account to receive your cash once you’re approved, and repay).

Online Application

When unexpected costs arise and you need money fast, you’ll be pleased to learn that the online application process is quick, easy, and convenient. It involves just a few simple steps, starting with filling out the application online in a safe and secure format and providing any needed documentation.

Once you’ve completed this portion, you’ll might be approved for your loan in short order, thanks to the fact that there is no lengthy process or other holdups. Should you receive approval, you just have to sign a loan agreement and cash will be deposited into the account you’ve provided, usually within a single business day.

From there, you just have to repay your loan according to the terms of your contract. Choosing online loans provides you with the speed and convenience you need to get money fast, as well as repay it expediently so you can move past an emergency situation and resume your normal life.

How Much Can You Borrow?

When you take out a car loan, you could get approved for several thousand dollars, but you’d also expect to pay it back over the course of five or six years. A home loan could entail hundreds of thousands of dollars, but again, you’ll likely plan to pay it off over 30 years.

Short-term loans are a different option altogether. Because you generally expect to pay them back with your next paycheck, or within a few short months at the most, these loans do not have the same requirements as other, larger loan types.

So, how much money can you reasonably borrow with short term loans? Different states and lenders have their own rules, but there are several factors that may affect the amount you can borrow, including whether or not you’re a first-time borrower (or you have a relationships with the lender), your income, and whether or not you offer collateral, just for example. Short-term loans often range from $100-1,000 or more, but again, it will depend on your particular circumstances.

Reasons to Get Money Fast

Nobody wants to find themselves in a situation where they desperately need money now, but when you’re living paycheck to paycheck, it could happen at any time. You could trip going down the stairs with a load of laundry and break your foot, or bump your head on a low overhang. You could eat some bad food and wind up in the emergency room. Even with health insurance, you likely still have a deductible and/or coinsurance payment, which you simply might not have the money for. There are numerous unexpected expenses that could come up at any time that you can’t always budget for.

If you rely on your car to get to work and your commute is long, the wear and tear could leave you with unexpected repairs to brakes or engine components. Some might be covered by warranty, but others could require out-of-pocket payment, and if you’re out of warranty, you’ll just have to pay for it.

Because of the way student aid works, many college students find themselves starting the semester without needed funds to pay for tuition and books. Even though they’ve been approved and the money is on the way, they still need to buy textbooks before classes start.

The truth is, there are endless reasons why you might need money now. You might have to make last-minute travel arrangements to visit your sick grandmother or attend a funeral. You may decide to elope in a fit of romantic impulsiveness. Perhaps you need a vacation, or you want to launch a small, home-based business and you just need a few hundred dollars to get started. Regardless, you can get the funds you need fast with the right loans.

Finding a Trustworthy Lender When You Need Money Now

First, you want a company that is honest about terms and conditions. You need to be aware of associated costs like interest rates and fees, as well as the repayment schedule, so you don’t find yourself responsible for hidden expenses down the line. It’s important to understand the costs of a loan as it can affect your ability to pay it back.

A trustworthy lender will also provide you with assistance to ensure that you understand what you’re agreeing to. You want to work with a company that will answer questions and provide instructions so you can make an informed decision. Personal Money Network and the lenders we work with are here to help.

Protecting Your Best Interests

When you get money fast, you need to make sure you get the best deal possible. This could mean seeking loans and applying online for speed and convenience, as well as looking for safe and secure online options.

However, you also need to make sure you understand the terms and conditions so that you can get the loan that best meets your needs and repay it in a way that works for your budget. With the right preparations and a bit of due diligence, you can face emergency expenses with less stress and come out ahead when you need money now.