When you need money fast and urgently, payday loan companies seem to be the best option available. You might have seen the advertisement of Payday loan companies driving past shopping malls, storefronts that advertise "cash fast," "quick cash" or "express cash," or you might have seen ads popping up while surfing the Internet. Payday loan companies seem like a dream come true when you are in urgent need of money. Payday loan companies give advance money on your paycheck. You have to sign a post-dated check, with a date of your actual paycheck. This type of transaction is called a "short term deferred deposit loan" in banking technical words.

These offers do sound tempting with the promises of fast approvals, no credits and minimum qualification needed. The proof needed for most payday loan companies are that you are 18 years old with a regular job and receiving a weekly or bi-weekly paycheck. You also need a checking account to receive the advanced payment. There should be enough cash in your account so that the check doesn't bounce when the lender attempts to cash your check.

Another way to get money faster and urgently is to ask a family or a friend to loan you some money at a reasonable interest rate. Make a written agreement regarding interest rate, and when the loan payments are due make them on time. It establishes that you are serious about repaying the loan under the conditions agreed upon.

You can also withdraw cash from a credit card if you own one. Inquire how expensive it is to take a cash advance from your credit card, the rate of interest and terms and conditions. The rate of interest that credit card company charges may differ on cash advances than for other purchases.