It is always safe to say that there can always be times when someone needs money and this can certainly be down to a whole host of different reasons. There can be some people who are after a high amount of money as they are looking to make some form of expensive purchase, this could possibly be for a new car perhaps. There can then in contrast be others who are in need of only a small amount of cash. They could just need some financial assistance paying a bill perhaps or they could instead be looking to have some extra funds to help tide their wages over until they next receive their salary. Now no matter what people ever need the money for and no matter then how much is required, if they have this saved away they can use it as required to then pay for whatever they need. Some people may then even have enough saved away to pay for their requirement outright or at least they can put some money towards it. It is not always possible however to turn to savings and if this is then the case people may have to look at borrowing it. Short term loans for example are one commonly used option.
I think it will be fair to say that when most people are looking to borrow money they will firstly approach friends and family to get it. This can be much more common if someone is only looking to borrow a small amount. People can often look to borrow funds this way as they know by doing so they can do this interest free meaning they only pay back exactly what they borrow in the first place. They can then just liaise with that person and then look to get the money quickly or as soon as the other person can provide it. They could potentially where applicable loan someone the money by transferring it into a bank account or by giving the borrower the cash. If this again is also not possible then people could have to look at borrowing the money from financial lenders such as payday lenders.
There are so many different lenders out there offering finance to a whole host of different customers. If people have bad credit there could be options such as payday loans or other short term loans. However, if someone has decent credit then their options could be far wider. I have actually found that in recent years it seems more and more people are turning to short term loans as a way to fulfil their borrowing requirements. With these loans in particular, people can often borrow amounts usually up to £500.00 or sometimes more for the same person to then repay that debt over a short period of time. As mentioned briefly earlier they are out there for people with bad credit and they can also allow people to get the finance quickly which I also feel is useful.