A cash crunch or money shortage can hit very quickly these days. Either the car breaks down, the washing machine gives up the ghost or another big bill lands on your doormat. That can blow your budget and a quick solution is needed.

The short-term loan as quick help when you're short on money

A short-term and fast loan helps you bridge a financial emergency. Especially in the digital age, interested borrowers can handle this almost entirely paperless online. The application is submitted directly through the lender's or bank's website. Since 2012, Germany has had Vexcash loans for just 30 days with an online process that runs from application all the way to payout. The loan is geared above all to customers who need money very quickly and without hassle. The application is reviewed at short notice and, if approved, the money is paid out on the same day. The term for such a loan is 30 to 60 days. Borrowers can choose whether to repay the short-term loan in one or in two installments. You should compare the offers from banks and lenders carefully so that you don't end up even deeper in the debt trap with such loans.

Quick help when you're short on money

Pawning valuables as quick help when you're short on money

You can also get quick help when you're short on money at a pawn shop. Private individuals can pawn jewelry, antiques or watches there. Such shops offer good customer service these days. Many customers are also middle class. There are many self-employed people, freelancers and others today who can't get a loan for various reasons. A pawn loan like this is well suited to getting past a financial bottleneck.
Pawn shops today pay between 25 and 50% of an item's value. However, you rarely get here the money you would get if you sold the items on the open market. In return, the pawnbroker doesn't automatically become the owner of the goods, but grants a loan against the item in question. After three months, though, the deadline expires and the goods become the pawnbroker's property. If the actual owner manages to repay the borrowed amount within those three months, he or she can get the item back.

Selling items online as quick help when you're short on money

The internet offers very good chances today to sell your assets and get quick help when you're short on money. Auction sites that accept prices and bids are a popular way to get the money you need at short notice. Social media such as Facebook also offers ways to post classified ads and reach a large number of potential buyers. On Facebook there are also endless groups that can be set up for this purpose.