Filing for bankruptcy can be
a difficult decision to make. The process itself isn’t easy, but the real
challenge lies in trying to rebuild your credit score, your finances, and your
life. During a bankruptcy, or after the bankruptcy has been discharged, you
might find that you’re in need of a bit of cash for one reason or another. It
might sound difficult, but there are a few lenders out there who will offer you
a second chance. There are also other ways to come up with the funds you need.
Getting a Loan
You can still get one of the
cash loans that are available even if
you’ve filed for bankruptcy. You just need to meet the requirements to do so.
Some of them might be things like the ability to afford your repayments,
employment, your income, and possibly even your assets. It just depends on
where you get the loan from.
Getting Back on Track
Since you just filed
bankruptcy, you’re probably trying to get back on track financially. One way to do that is to
earn additional income. This is easy to do just by getting a side hustle. If
you have a car, a license, and insurance, you might want to sign up as a driver
for Uber or Lyft. That way, you’ll be able to set your own schedule and still
make the additional money you need.
There are some states that have bottle deposit laws. If you live in one of them, you’ll be able to return glass bottles and aluminum cans for a small bit of cash. They don’t need to be your bottles and cans though. Many people don’t feel the need to return each 6 pack they get for the small amount of money and will set them out on the curb to be picked up. You can pick them up and return them for the deposit.
If you don’t live in one of
those states, you might still want to try to make money by recycling. You can
do this by recycling scrap metal. You can save up all of your aluminum cans and
any type of metal that might have copper in it. Recycling won’t get you too
much money, but it’s a start and you’ll be helping the planet.
Selling or Pawning Things
This one you might want to think about first. If you have anything that’s meaningful or valuable, selling it might help to get you out of a jam. If you’re under a bit of pressure to get the money quickly, you can take it to your local pawn shop. You won’t get what it’s worth, but you’ll get the money right then. If you have a bit of leeway with the time frame, you might want to list it on eBay, Craigslist, 5 Miles, LetGo, or any number of other resale apps and websites. It might take a bit more time to do this, but at least you can try to sell it for close to the true value of it.
There really are ways to get the additional cash you need following a bankruptcy, you just have to think outside of the box a bit and be willing to put in a bit of effort to get it.