There will come a time in your life when you need a lump sum of cash. That could happen because your debts have spiraled out of control. It could also occur when you need to make a substantial emergency purchase. Most people struggle to get the money they require if the bank turns down their loan application. However, there are other options on the table you might like to consider. With that in mind, I’ve published some suggestions here today that could make all the difference. You might have overlooked these ideas, and so now is the time to begin your research. Use this page as your starting point.

• Apply for a private loan

Don’t make the mistake of giving up on the loan idea just because the bank turned you down. There are many private companies out there that could provide the cash you require. You just need to search online for the best deals and rates. There are comparison websites you can use to make your life easier. You often have to cover higher interest rates when using a private specialist. However, you can still get an affordable deal in most instances. That is the case, regardless of your credit score. Even people with a terrible credit history can get capital in many situations.

• Consider the sale of a structured settlement

If you were involved in a court case during the last few years, you might have received a structured settlement. That means the guilty party has to pay your compensation in installments. It’s an excellent arrangement because it means you will get all the money for which you are entitled. However, it doesn’t help when you need a lump sum. That said, there are companies out there that will facilitate the sale of your settlement. That means you can get the cash you require fast. I read an EPS Settlements Group structured settlement review last week that explained the process. You just need to perform some research to ensure you’re getting the best deal.

• Lend money against the value of your home

People who own property are in the best position. There are a few different routes you could follow to get a lump sum. For example, you could remortgage your home to release equity. You could also borrow money against the value of your house. The latter option is better because the process is much quicker. The only downside is that you could lose your home if you fail to make the repayments. With that in mind, you need to weigh all the pros and cons before signing any contracts. However, lots of people borrow money against their property with no issues.

I hope that you’ve benefitted from the information on this page and that it has helped you to turn things around. When all’s said and done, there are always ways to raise money if you have a job and some assets. So, don’t feel too disheartened when the bank doesn’t offer the cash you require. As I have just shown, there are plenty of alternatives available. You just need to use your head.