If you have a good friend who has a car and wants to borrow some cash from you, how about you give him $2K?
The rules are simple: you give the guy cash, he gives you cash, and you both sign a paper giving up all your rights to the cash, along with any assets you have in the car.
The process takes about 20 minutes, and if you’re lucky you might even get your cash in just 10 minutes.
But how to actually pull off the deal?
Here are the steps:Step 1: Meet at a restaurantStep 2: Give the guy your name, date of birth, and phone numberStep 3: Sign a paper agreeing to sign a form promising that you will never give the other person any money in exchange for cashStep 4: Bring cash from homeStep 5: Wait 20 minutesStep 6: If you’re happy with the deal, give him your money backStep 7: Wait 15 minutesStep 8: If the guy is still not satisfied, walk awayStep 9: Give your friend the cashStep 10: Sign your paper giving you all your assets backThe process might take 10 to 20 minutes and is not without risks, but the end result is worth the effort.
And, you’ll end up with $2.6K, as well as some nice new clothes.
Here are some other good tips:If you have any questions about how to make this cash-back deal work for you, feel free to ask.