Anyone who has lived life as an adult for any amount of time understands that random things can and will happen as you walk through the jungle that is growth.  Sometimes big things drop, and you find yourself needing a large chunk of money all at once.  

Not everyone has a sound savings plan in action, so a sudden expense of thousands of dollars could really do some damage.  It helps to have a few tricks up your sleeve. Here is a quick look at a few ways in which you can come up with a large chunk of money in a small amount of time.  

Use the value of your home 

If you own your home, you always have options for fast access to money.  You can consider taking out a home equity line of credit (or HELOC) on your property.  The process bases your accessibility to credit against your home on the overall value.  

The more equity you have built in our home, the larger line of credit you can get approved to use.  Understand that this is a very important decision to make.  

You don’t want to deal with the legal implications of going into foreclosure.  Don’t leave room for misinterpretation, and make sure you fully understand the agreement before signing anything.  

Pawn your car title 

If you own your car, you also have a chance to borrow against your vehicle’s estimated value.  You can pawn your car title with little hassle, with the amount of money you can get being based on the value of your vehicle.  

If you have a really fancy car, you can take out a larger loan against the title.  Again, it’s important to understand the full terms of this type of loan. You will typically pay a high interest rate, and a lien will be placed on your title.  Nonpayment of your loan will result in the loss of your vehicle.

Take out a personal loan 

You can always go to your bank and apply for a personal loan.  Of course, this option depends on your credit rating and your reputation with your bank.  Not everyone can get approved for a personal loan (although there are loans for people with bad credit), but you may be a good candidate.

Cash in on your retirement fund

If you’ve worked hard throughout your life to build your retirement fund, you do have the option to tap into those funds.  Your 401(k) is accessible, but it’s wise to first investigate the possible repercussions.  Make sure you’re not being penalized in a big way before you decide to borrow from your 401(k) savings.  

Sell some of your assets

Unload something you own that is of worth.  Maybe you have an older vehicle you don’t drive as much anymore.  You could sell it, and use the profits to rectify your sudden financial situation.