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5 Best Ways to Get Emergency
Financial Assistance and
Payday Loans
Introduction
It might seem obvious but the main characteristic of
emergencies is that they require immediate intervention as
they threaten to become worse or to lead to even more terrible
conditions if nothing is done to solve them quickly.
When it comes to money and your financial situation, if you
need rapid assistance, there are options available. Follow us
through this presentation to learn more about them and how
they can get you out of trouble whether you need cash to
treat a health problem or to help a family member in dire need.
Personal Loan
Personal or consumer loans are what most people have in mind when
thinking about emergencies. They are not only fast and do not
require guarantees, they can also be obtained for pretty much any
purpose.
The problem with personal loans is
that, because there are no
collaterals to minimize the risk for
lenders, they will usually call for a
higher credit score than what you
would need for a secure loan. On
top of this, the rates might tend to
be a tad prohibitive.
Credit Cards
Credit cards can come in handy when time is of the essence
and you cannot afford to waste any second. They offer an
instant access to money with no limit but that of your ceiling.
They do present a huge danger though. Even if they can help
you out of a tight spot, credit cards should only be used as a
last resort. Once you start relying on them, you run the risk of
maxing them out… Pretty soon, you find it impossible to repay
the debt as your monthly payments barely cover the
outrageous interest rates CC companies charge.
Emergency Aid for Students
If you are enrolled at a College or University, you should really
study all your options before taking action. Some institutions set
up emergency funds for their members, but they usually
require that you be a full-time student and show superior grades
(on top of being restricted to extreme circumstances only.)
In case you do not tick those boxes, you still
have the alternative to turn to specialized
companies. On the pro side, you will not
have to provide receipts to justify your
expenses or show an impressive credit score.
On the other hand, the rates might be a bit
steeper than with educational establishments.
Pawning
Not many people come to consider this option but paying a visit
to your local pawnshop might be an alternative worth
contemplating for a quick money fix. If you own jewelry, art or
simply items of value such as a laptop, a television or rare
collection cards, you can put these as collateral to buy you
some time while you resolve the current crisis.
In the same vein, you can elect to get rid of articles of clothing or
anything you do not use anymore and which you could sell
directly to the pawnbroker or take online to advertise on an
auction site.
Loan against Assets
While not for everyone, as it requires some assets on your
part, this represents a great opportunity to free up some
capital if you own a property or other assets such as bonds,
funds, policies or plans. You can use the value of those
securities to raise finance as an overdraft facility.
When such an option is taken,
you will remain the sole owner
of your investment which will be
blocked by the lending company
for the duration of the loan.
Conclusion
It is inevitable: almost everyone in his life will have to deal
with a cash shortage emergency at one point or another,
but it does not have to rhyme with catastrophe. There are
options that can work in your favor. You just have to inform
yourself in order to make the right decision.
With the tips we have shared with you in this presentation,
you should now have the necessary baggage to have the
right reflex when destiny hits you hard.
For more information on instant loans and
other cash emergency assistance, visit:
https://www.northcash.com

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5 Best Ways to Get Emergency Financial Assistance and Payday Loans

  • 1. 5 Best Ways to Get Emergency Financial Assistance and Payday Loans
  • 2. Introduction It might seem obvious but the main characteristic of emergencies is that they require immediate intervention as they threaten to become worse or to lead to even more terrible conditions if nothing is done to solve them quickly. When it comes to money and your financial situation, if you need rapid assistance, there are options available. Follow us through this presentation to learn more about them and how they can get you out of trouble whether you need cash to treat a health problem or to help a family member in dire need.
  • 3. Personal Loan Personal or consumer loans are what most people have in mind when thinking about emergencies. They are not only fast and do not require guarantees, they can also be obtained for pretty much any purpose. The problem with personal loans is that, because there are no collaterals to minimize the risk for lenders, they will usually call for a higher credit score than what you would need for a secure loan. On top of this, the rates might tend to be a tad prohibitive.
  • 4. Credit Cards Credit cards can come in handy when time is of the essence and you cannot afford to waste any second. They offer an instant access to money with no limit but that of your ceiling. They do present a huge danger though. Even if they can help you out of a tight spot, credit cards should only be used as a last resort. Once you start relying on them, you run the risk of maxing them out… Pretty soon, you find it impossible to repay the debt as your monthly payments barely cover the outrageous interest rates CC companies charge.
  • 5. Emergency Aid for Students If you are enrolled at a College or University, you should really study all your options before taking action. Some institutions set up emergency funds for their members, but they usually require that you be a full-time student and show superior grades (on top of being restricted to extreme circumstances only.) In case you do not tick those boxes, you still have the alternative to turn to specialized companies. On the pro side, you will not have to provide receipts to justify your expenses or show an impressive credit score. On the other hand, the rates might be a bit steeper than with educational establishments.
  • 6. Pawning Not many people come to consider this option but paying a visit to your local pawnshop might be an alternative worth contemplating for a quick money fix. If you own jewelry, art or simply items of value such as a laptop, a television or rare collection cards, you can put these as collateral to buy you some time while you resolve the current crisis. In the same vein, you can elect to get rid of articles of clothing or anything you do not use anymore and which you could sell directly to the pawnbroker or take online to advertise on an auction site.
  • 7. Loan against Assets While not for everyone, as it requires some assets on your part, this represents a great opportunity to free up some capital if you own a property or other assets such as bonds, funds, policies or plans. You can use the value of those securities to raise finance as an overdraft facility. When such an option is taken, you will remain the sole owner of your investment which will be blocked by the lending company for the duration of the loan.
  • 8. Conclusion It is inevitable: almost everyone in his life will have to deal with a cash shortage emergency at one point or another, but it does not have to rhyme with catastrophe. There are options that can work in your favor. You just have to inform yourself in order to make the right decision. With the tips we have shared with you in this presentation, you should now have the necessary baggage to have the right reflex when destiny hits you hard.
  • 9. For more information on instant loans and other cash emergency assistance, visit: https://www.northcash.com