Emergency loans you’ve never heard of – Use them to get back on your feet
There are indeed several kinds of emergency loans which become necessary for anyone at some point of their lives. Not all are able to keep the right balance between their income and expenses and whenever the expenses shoot up in accordance with the income, they fall short of funds at the middle of the month. Dental and health issues are two of the most common reasons why some of us require emergency funds. Car and home repairs are 2 of the other reasons which can make an individual or a family to instantly run for cash.
While there are different ways in which you can get this cash, not many are aware of the options. However, you also need to know that each option has its own limitation and requirement. If you’re someone who isn’t aware of your emergency loan options, here are few that you may keep in mind.
#1: Credit card cash advance loans
Did you know that the credit cards that you use can also let you get cash advance loans? In fact, utilizing your credit card along with this feature is certainly the best way of getting a small loan as you can grab immediate cash. Nevertheless, you can only get such a loan if you possess one of these cash advance credit cards and if you have available credit on the card. When you need to pay money during an emergency situation, this can often be a viable solution.
#2: Payday loans
As the name suggests, you get this kind of loan for a short term which is usually till your next day. MicroPayday Loans offer you the best loans at the most competitive rates. However, if you think that you will get the proceeds of this loan at a reasonable interest rate, you’re wrong as they carry outrageously high rates due to the risk factor. The lenders don’t even check your credit before lending you the loan and all they check is whether you earn enough to pay back the loan amount. Hence, they charge you high rates. But if you could pay back the loan on time, you can play it safe. You may also check out www.PaydayMe.com for payday loans.
#3: Car title loans
Someone who possesses a car which has got a clear title or a title which has been paid off can get a car title loan. Such loans are popular as you can get them easily and they also offer you fast cash. It isn’t a requirement that you should have good credit but the value of your car will be determined to decide the total loan amount that can be given to you. You can continue driving your car even after taking a title loan and the proceeds of the loan are also received within a day or two.
Therefore, now that you know the ways in which you can get emergency finance loans, you should no more worry about financial emergencies. Just have the capability to pay back the loan on time so that you can avoid falling in debt.
