What to Do in a Financial Emergency


No one gets through life without finding yourself in a tight spot at some point. Unless you’re born to a wealthy family or make your fortune early on, you probably will experience a financial crisis at some point. Most of the time, a financial crises is set off by an unexpected emergency of some sort. Medical emergencies are especially expensive, but you could be in a car crash, you could lose your home to fire, you could get sued. Even with a steady job and a regular paycheck, you may find yourself on the verge of defaulting on your mortgage or some other bill. This will hurt your credit and could cost you a lot in terms of late fees.

For a temporary influx of cash, consider a quick loan from good lenders . Quick loans offer cash advances against your next paycheck. They charge a set fee of about $15 per $100 borrowed, depending on the lender, and hand over anywhere from one or two hundred dollars up to over a thousand, depending on how much you need and can afford to pay back. The loan is due in only two weeks, so you need to know that you’ll be getting more money in quickly. To qualify you only need a job and a bank account.

If you are confident you can pay it back in a timely manner, a quick loan can be one way to avoid credit hits and late fees. Although the interest rate may seem high considering how short of a time the loan is for, it’s generally less than you would pay in other penalties. It is certainly a better option than bouncing a check. No one wants to have to borrow money, but if it comes down to it it’s better to honestly borrow and pay back than to face the alternative.