Prime Rate Credit

June 2, 2008

Quick Way to Raise Money

Filed under: How to Make Extra Money — CleanedUpCredit @ 3:42 pm

Many people, amidst what a lot of financial gurus are calling the biggest economic slow down in years, are looking for ways to make a quick buck to help pay for bills in the wake of tightening credit.

Times are quite different than they were even five years ago, when credit was relatively easy to come by when times got tough and people needed the cash to pay bills and to live. Now though, with banks tightening the ropes on lending, and mortgage lenders less likely to lend money based on falling home prices and busted equity, people are having to get second jobs and think of more creative ways to make ends meet.

One quick way to raise money may be to go through old jewelry, collectibles such as toys and nick nacks and other valuables or semi valuables and decide if they are really needed. If they aren’t, and they aren’t of too much sentimental value that they will be sorely missed, sometimes we have to make difficult choices what’s more important. Don’t get me wrong, I’m not all for liquidating your life whenever times get rough, but if it’s just sheer laziness that’s been keeping you from unloading some things you never use, it may be a great way to make a quick buck.

This one may be a long shot, but for some it will work. Try checking out the unclaimed money reports for your state and nationwide records. I have several friends who found unclaimed money in their names from everything from old, unclaimed paychecks, to unclaimed tax return money, insurance policy money and other various, more obscure forms of money that was owed to them, but due to missing connections or some other complication, they didn’t know about it or it never reached their hands.

I’ve known some people who have discovered there were unknown insurance policies that included them as beneficiaries, and albeit it wasn’t usually a windfall, but it was enough that anyone would want to claim it.

Try looking for odd jobs. Someone is always looking for help to clean their house, do yardwork, help them watch their kids and do other various odd jobs around the house or elsewhere. Keep your eyes and ears open for anyone who’s willing to shell out some cash for help! If you can think of any other imaginative ways to raise money when in need, please don’t hesitate to list them here….just nothing illegal please!

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