Are you are in need of fast cash and are out of options? Worry no more! Here is a list of how to get 2000 dollars fast, with minimum strain.
Not everyone has savings worth 1000s of dollars. But we all have faced a sudden need for, say, 2000 dollars. Sometimes we need that money immediately, or sometimes we need it in a few weeks or so.
Whether you want to repair your car, renovate your home, or meet an impending bill, a financial crisis just happens when we least expect it. So, what would you do? How would you find the money?
Here is the best part! I’m here to show you exactly how to get 2000 dollars fast. All suggestions on this list are straightforward and legit.
However, there will be variations on how much effort is required on your part and how fast the money will be processed. The good thing is they all answer the question, how to make 2000 dollars fast.
Table of Contents
How to Get 2000 Dollars Fast
If I need 2000 dollars now, what are my options?
1. Family and Friends
Always, the first and obvious way is to ask your family and friends. Yes, it’s a little bit awkward, but trust me, it’s way better than asking your neighbors, coworkers, or anyone outside your family and friends circle. Prepare a list of all names, including parents, grandparents, brothers, sisters, cousins, your partner, friends, or anyone you usually hang out with.
From there, you need to know how to ask. Before you ask for the money, put yourself in their shoes. Find out why or why not they would consider lending you money. Prepare some strategies, and offer something in return (like chores, interest, or anything else they need and you can offer).
This is a quick and cheap way to raise cash fast. The beauty of it is that you can negotiate the terms, including the time you can take to repay the money and if or not you will pay with interest.
2. Sell Something You Own
There will always be something you own, and you don’t use it often. It’s better to convert those items into cash than just sitting idle in your closet.
Most of the time, you wouldn’t know what you can sell until you spend some time and go through your belongings. Here are some of the items I can think of; old phones, cameras, camera lenses, bikes, shoes, jewelry, furniture, tools, jackets, apparel, and the list goes on and on.
Use Facebook marketplace, craigslist, eBay, and other marketplace apps to advertise and to reach as many people as possible.
3. Get a Pawnshop Loan
I need 2000 dollars by tomorrow! How do I get it? These are questions anyone stuck in a financial quagmire would ask. Well, have you thought about going to a pawn shop?
Getting a loan from a pawnshop can also help fix that urgent need. Pawnshops only require having something that you can exchange for the cash you borrow. After you get the money, you’ll have to repay it plus interest which can range from as little as 10% to over 200%.
If you own an item that’s worth a few hundred or thousand dollars, why not take it to a pawn shop and find out if they can take it as collateral? You can pawn anything from jewelry, a musical instrument, electronics to photography items.
Most pawnshops offer between 25% and 60% of the resale value of your item
4. Take out a Payday Loan
A payday loan is a short-term small-dollar loan that can help you raise that 2000 dollars in a day or less. All you need is to find a legit lender in your state and apply. Most of the lenders are present online.
Some of the payday loan requirements that you must meet to get the cash include:
- Be 18 years and above
- Be a US citizen
- Present valid identification documents, including your government issued ID or Driver’s license
- Have a checking bank account
- Have proof of income source, like a paystub or bank statements
In the US, around 27 states have made payday lending legal. Different states have set laws and regulations that help regulate payday lending and prevent usury. Most have set the loan amount of cash that you can get for each payday loan application you make.
With payday loans, you don’t need an exceptional credit score to get approved for the loan. Most payday lenders only need proof of income for you to get this cash advance loan.
5. Withdraw from Your Credit Card
Many credit card companies allow users to withdraw cash from their credit cards through a cash advance. However, there is a limit to the amount of cash advance you can withdraw. You can check your cash advance limit in your most recent credit card statement or request it from your credit card issuer.
Some of the ways to take a cash advance include:
- Requesting a cash transfer from your credit card to your bank account
- Making an ATM cash withdrawal
- Writing yourself a convenience check and cashing it at a bank
Making a credit card withdrawal attracts different fees, including:
- Cash advance fee- The credit card company charges this fee for offering you the convenience of withdrawing cash against your cash advance limit. This fee can either be a percentage of the advance amount or a flat fee, whichever is greater. Also, the amount varies from one card to another.
- Extra fees for making a bank or an ATM withdrawal. This is either a teller fee if doing it a bank or a surcharge if withdrawing from an ATM.
- APR (annual percentage rate) charges – In most cases, the cash advance APR is higher than the standard APR for balance transfers or purchases. This interest starts to accrue immediately after making the cash advance withdrawal.
6. Withdraw from Savings or Retirement accounts
Sometimes the only way out is to cash out your retirement account. It takes time to accumulate some savings in your 401(k) for heydays, but some financial situations like medical emergencies can force you to pull it out without hesitation. The money may be processed within days, but sometimes it can take up to 60 days, especially if the request is via a check.
While withdrawing from your 401(k) may be your only shot, you’ll have to part with 10% as a penalty if you do it when younger than 59½. However, there are some exceptions when you get a 10% waiver on penalty – for instance, when you possess unreimbursed medical costs greater than 7.5% of your adjusted gross income.
Also, the penalty is waived for those that withdraw up to $100,000 because of the effects of the COVID19 pandemic.
You may also consider borrowing money from your 401(k) instead of withdrawing. Typically, you can take up to 50% of your account balance or a maximum of $50,000, whichever is less, depending on whether your plan permits. You need to repay the money in five years.
See related: How to Make Money Online: 7 Legit Ways to Earn
Make 2000 Dollars a Month
7. Become a Virtual Assistant
Working online is becoming the “new normal” since 2020 due to the pandemic. There are plenty of tasks that you can complete online and make some quick bucks.
These virtual assistance jobs, which include social media management, copywriting, transcribing, and blogging, can help you raise the money that you need within days, weeks, or in a month. All you need to do is to identify a field you are good at, help other people accomplish the tasks, and get paid.
Depending on the number of hours you work per day, you can quickly raise the 2000 dollars. You may even decide to make this a full-time gig and make some dollars online as your skillset improves over time.
With online gigs, how to get 2000 dollars fast is a matter of how dedicated you are. The opportunities are endless.
8. Teach English Online
Are you a teacher or an educator? Can you teach English? If you are grappling with a question of how to get 2000 dollars fast, then you’re in luck if you can teach English.
There are several platforms that connect Native English teachers with kids in other countries like China and India. Some great platforms to join include VIPKid, Qkid, iTutorGroup, Cambly, ZebraEnglish, and Class100.
You can make between $14 and $22 per hour online doing this job. And, in a months’ time, you’ll have accumulated 2000 dollars or more depending on the number of hours you work.
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