Helping Hands: Who Do You Turn to When an Unexpected Event Hits?
When your back’s against the wall, you need a helping hand. It can happen. A major appliance breaks down, the car has crashed, your child or pet is treated at the emergency room — anything can happen when you don’t have the cash to cover it.
Who do you turn to?
- Your bank? Banks and other lenders are not prepared to make loans for what they consider small amount of money. And, they are bound to processes that take time, require collateral, and credit background checks.
- Your family? Families will help where they can, but borrowing from friends and family is always a testy and stressful situation.
- Your boss? Some employers are generous enough to bail you out. But, most recognize that lending money is not a good business practice.
For some emergencies like overdue rent, you can turn to charity resources at your local church or local social services office.
Looking for helping hands when an unexpected event hits?
At some time or another, unexpected events will hit you where it hurts financially, expenses that you just can’t put off. As Financial Nerd says, “Even if you never plan on using your credit in the future, it is better to have it and not need it than to need it and not have it.”
Short term installment loans.like those offered at Money Boat, let you pay off the loan in installments. Unlike payday loans, you can budget and plan for repayment. You get the cash you need when you need it, and you replay with flexibility and control.
You need a direct provider, a lender without a broker or middleman, a discrete, safe, and secure deal. You want a provider ready to offer loans of £200 to £1,500 for up to 6 months. (Terms may vary depending on your experience with the lender.)
You want the lowest daily interest rate without other fees. Lauren Twardy, a contributor to Lending Times, pointed out that the Financial Conduct Authority (CFA) had set the maximum interest rate at 8%, so rates coming in lower are attractive and competitive.
And, you appreciate friendly and compassionate customer service when an unexpected event hits.
What to look for when an unexpected event hits?
You’ll find the most helpful hands when you comparison shop available sources. Despite the pressure to make a decision, you should review lenders for key benefits:
- Application process: You need a quick, undemanding process, one that makes no demands on credit reports.
- Proof of employment: You will be asked to show proof that you are employed.
- Speed: You need money within hours or same day.
- Installments: You choose the installment schedule and payment size that works best for you.
- Advice: You benefit from a lender willing to help you meet your needs and goals hen unexpected events hit.
The best direct lenders will help you understand how and when to make the decision. They will, for instance, urge you to compare options.
They explain the difference between secured and unsecured loans. They will disclose all you need to know about the short-term, installment loan process. And, they will help you budget to ensure you can make your payments as scheduled.
When you find all this in one short-term installment loan package, you have the helping hands to turn to when an unexpected event hits.
