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FAQsMAKE MONEY TODAY WITH 5 SIMPLE WAYS
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Financial emergencies can affect anyone due to unexpected expenses or a sudden loss of income. We will show you solutions that can be implemented immediately. You can earn extra money in the short term or find another solution to bridge the gap. From advance salary payments and pawning valuables to short-term job opportunities, you have many different options that you may not even have considered. Get practical advice and find out how you can potentially improve your financial situation in the following article.
1. TAKE OUT A LOAN
To bridge a momentary emergency, it can make sense to take out a bridging loan. Depending on your individual situation, you have various options for taking out a loan:
Bank loan: You ask for a bank loan online or in person. You tell your advisor what you need the money for. Your credit rating will then be checked and the bank will check your last 3-6 payslips to find out whether you can afford the loan installment. Depending on the duration of the check, it will probably take a few days before the loan is paid out. However, if all the modalities are right, your money can often be paid out immediately.
Private loans: Platforms such as Giromatch can put you in touch with private lenders. In this case, you also state the purpose for which you need your money. As a rule, your financial status is not completely checked, but private lenders also require certain collateral. In this case, the interest rates are usually lower or similar to the overdraft facility, but probably higher than with a bank loan. One advantage is that pay out is often much faster than with a bank loan.
Pawn loan: With a pawn loan, your financial status doesn't matter. All you need is collateral that you can use as security. This remains in the pawn shop during the term of the loan and is returned to you after repayment. In this case, you are not personally liable, but only with your item.
A pawn loan is usually paid outon the same day, but the item can also be handed over by post - in this case, payment is only made once your item has been received by the pawnshop.
2. ADVANCE SALARY PAYMENT
Do you know that your company will soon be working overtime or that your vacation or Christmas bonus will soon be paid out? Ask your company about an advance salary payment. These options are available:
Normal advance payment: You are paid out a certain amount and receive an agreed amount less in the following months.
Advance payment for overtime: If you know that you will be working some paid overtime in the near future, you can ask your supervisor for payment in advance and then work the overtime.
Advance payment of 13th or 14th salary: If you know that you will receive your 13th or 14th salary in the foreseeable future, you can ask your supervisor for an earlypay out.
Of course, it is always important that the agreement suits both your employer and you.
3. INCREASE OVERDRAFT LIMIT
To get money quickly, you can ask your bank manager (also online) to increase your overdraft facility. As a rule, the amount of the limit depends on your monthly salary - but an exception may be possible under certain circumstances. It is important that you prepare a financing plan.
4. ACCEPT JOB WITH IMMEDIATE PAYOUT
If you still need money today, you can look online for companies that need employees on a one-off basis and pay for the service immediately after completion. There are many companies that are looking for someone for the same day. Here are a few examples of job offers with immediate payment:
Extra or extra for film or advertising - Click here for the shooting dates
Day job as a waiter* - Click here for the current offers
Day events - Here you will find a selection of options in Germany
5. SELL ITEMS
You have various options for selling your items:
Platform: Upload photos and information on Willhaben, Ebay or another platform. You can achieve the highest price with a private sale, but you have to wait for a buyer first.
Brokers: If you don't want to sell your collateral yourself, you can take it to companies such as wiederverkaufen.at. The main disadvantage here is that, in addition to the fees for the intermediary company, you still have to wait for a buyer. Your items are only taken on consignment and not purchased immediately.
Direct sale to a retailer: If you sell your collateral to a retailer, they naturally want to make money from it. You therefore usually get paid the retailer's purchase value (usually between 70 and 80%) - but you don't have to wait for a buyer and your item doesn't lose any more value, as is the case with electronics, for example.
Here you will find examples of dealers who can buy your items immediately:
Would you rather not sell your item? Then you have the option of simply depositing it in the pawn shop for a certain period of time and borrowing money for it in the meantime. Simply select your category and get your offer right away.
Choose your category and find out right away how much money you can borrow for your collateral.
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Pawn shops like CASHY not only have the seal of approval of the Austrian Federal Economic Chamber, you can also rely on the expertise of the management. Founder Patrick Scheucher is not only CEO of CASHY, but also Chairman of the Pawnbrokers and Auctioneers Committee in the Financial Service Providers Association of the Austrian Federal Economic Chamber.