Life is full of financial surprises. Some of them are good, but most of them fall into the category of unexpected bills. Something happens and you suddenly find yourself looking down a bill for several hundred dollars that you don’t have.
For many people, that type of cash isn’t readily available. Some are just starting out in life, while others are still bouncing back from unemployment or other bills. Whatever the particulars of their case, the important thing to know is that they have a big bill to pay and no way to pay it right away. The result can be late payment or delinquency that can impact their credit score for years to come.
When we reach that point, some people make the mistake of choosing a payday loan. These providers are on every street corner, it seems, and the process is fairly straightforward. But they aren’t always the best solution. If you need money in a hurry, you will do better to bypass the payday loan office and payday loan alternatives.
There are a number of financial options that are far more desirable than these but just as accessible. These financial tools are a great choice to keep in your pocket as one of your solutions for quick cash. Remember these options when some of these unpleasant financial surprises come along.
A mechanical issue with your transportation is a sure-fire way to wreck your financial progress. Whether it’s a fuel pump, a starter, or a leaky radiator, it can leave you struggling to get to work on time, endangering your ability to earn money.
Car repairs can’t wait for you to save up the cash, so you are best served to get a personal loan to make the repairs and keep your earning potential intact. These loans are simple. Just have a job, a checking account, and a social security number, and you’re able to get enough money to get back on track very quickly, with a number of options for repayment.
While you typically don’t have to pay up front for medical care, it does emerge unexpectedly many times. It could be a sudden attack from a wisdom tooth or a visit to the ER. Whatever the case, medical bills can be serious financial trouble, so when the first statement arrives in the mail, you need to get it paid as quickly as possible.
Some providers will work with you on making payments, but it’s often preferable simply to get a personal loan and get that balanced zeroed out.
No matter how vigilant we are with maintenance, sometimes things just quit working. Many home items like refrigerators and water heaters have a known life span after which we should be expecting their demise, but others can wipe us out suddenly.
Plumbing is a great example. If things haven’t been assembled correctly, you can experience a destructive leak that must be fixed right away to keep your home intact and functional. And speaking of water issues, you never know when a roof leak may develop either.
Being financially prepared for these and other problems means having a way to get the money when you don’t have the cash on hand. Thinking about this potential before that emergency arises is the best way to keep you away from predatory lenders like payday loan companies.