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Good and Bad Ways To Get Quick Money - “I need money and quickly.” This is one of the phrases that more repeated today as a result of the increase in mortgages and the crisis in the credit. There are different formulas to achieve this goal from the sale of heritage until the so-called appropriations easy. Each individual and family chooses the best suited to their needs and especially to their economic situation. However, there are options more advantageous than other since a point of view more objective.

On CNN Money have developed a list with 17 formulas to get that money fast and has classified better to worse. Some are too focused on the u.s. market and have had to be adapted to the Spanish case. The first options are the most profitable since a financial point of view, while the latter can be harmful and the starting point for the creation of a debt unbridgeable. Thus, the solutions are as follows:

1. Go to your emergency fund, which precisely for that is. The worst thing is that after use already there will be no mattress economic for any vicissitudes.
2. Sell part of your investments not related to the retirement. What is most advisable is undo positions of assets that have not been offering good performance. That yes, we must take into account that will have to pay to finance its share of the benefits.
3. Ask a gift to your parents. This possibility is not the scope of all (by age and resources). Of all forms should be the first in the list from a purely financial, though perhaps not since one moral more related to the pride.
4. Liquidate the deposits of low profitability involves almost always lose part or all of the interests but also is one of the fastest ways to get money.
5. Liquidate the policy of life insurance is an option that entail the loss of a good part of the interests but did not increase your debt. In addition, is not available in all types of life insurance.
6. Sell the equity portfolio is an option that is not covered by article but it should do before you go in search of external financing.
7. Borrow money to relatives and friends is an alternative similar to that of go to parents to seek help. The difference is that in this case it would have to return the money. What is most advisable is drafting a loan contract between individuals to clearly establish the payment terms and return. From a financial point of view would be one of the best options, above to liquidate the policy of life insurance.
8. Expand / Refinance the capital mortgage loan tends to be one of the options more used. The problem is that not everyone can apply for it and now the banks are not giving too many loans of this style. In the American case raises the possibility of ‘recovery’ money that has already been paid in the house, something unusual in Spain. The advantage compared to a personal loan is that interest rates are lower.
9. Money Out of the pension plan. Some pension plans allows ‘remove’ some money with the status of reinstate a limited period of time, although they are the least.
10. Loans between individuals is a measure relatively widespread in the United States but that is just beginning to surface in Spain. The advantages lie in the interest rate is even smaller than a loan bank staff.
11. Request a personal loan is an option that does not reflect the article of CNN Money but you must never lose sight of.
12. Finalize part of the systematic plans savings is one of the most recent measures to be taken. It is what is commonly known as “bread for today and hunger for tomorrow). In the u.s. classification figure as the twelfth best option.
13. Sign a reverse mortgage is available only for those older than 65 years on the other hand do not have access to some of the options related to their pension plans.
14. Sell part of the heritage. At this point no longer just a question of material goods which are not used but can also include the car, antiques or jewelry.
15. Squeeze the card (cards) credit is one of the worst options by very contradictory it seems. Although in the United States the interests of credit cards are greater than in Spain, here also remain a bad choice in the short and long-term, that yes, something better than the fifteenth since that would give the Americans.
16. Request a rapid loan would be the spanish equivalent to credit cards Americans as far as interests.
17. Liquidate all pension plans is by far the worst options.
18. Go to a lender must be the last alternative. In this connection, it should be very careful with the loan conditions to avoid falling into ruin total.

Logically the latest proposals must be avoided at all costa and reserved for moments of real need. As general strategy we have to reach a balance between getting rid of all assets available and the application of credit because a smaller heritage will be greater difficulties in obtaining financing in optimal conditions.