You find yourself in a situation where you need money today. This could be money for food or medicine, and you do not feel that you have time to check with lenders for a person loan. What can you do?

Keep your cool and do not panic. Remain calm. This can be easier said than done. Assess how much money you truly need. What is the purpose for the loan? Will the money be used for a nice to have item, or it is truly needed for other reasons? If the item is nice to have, consider a personal loan and inform the person/company needing the money of your intentions.

Personal loans can be obtained in as little as 24hrs. If you absolutely need immediate money and cannot wait for a personal loan, consider items you can sell – items you no longer want and can do without. For example, a bike, couch, TV, etc. You may also consider selling blood or plasma providing you are relatively healthy.

Consider personal loans from friends and family. Only lean on friends and family as a last resort, because I have seen loans split close relationships. Money has a funny way of coming between people. In dire straights, those close to you should always be willing to help, but use caution. Always remember that a personal loan must be repaid. A personal loan is not a gift, so establish a repayment plan. Regardless of the amount you can repay on a weekly/monthly basis, commit to something - $5, $10 per month, etc.