In the current financial climate, most of us know how
difficult it is to deal with certain months. Usually, we walk happily enough
and make ends meet when WHOOSH! something strikes us unexpectedly and suddenly
our carefully planned budget is worthless. If that happened to you then it's a
safe assumption that a cash emergency loan has crossed your mind.
Most people think of an emergency money loan as a Guaranteed payday loans or an instant
decision loan. A quick injection of money to help them through this unforeseen
circumstance and they may worry about paying it back later. Right? If this is
true for you, then STOP! I'm sure you do not need me to tell you that this is a
dangerous road to follow and that you could very well find yourself in a much
worse financial situation down the line.
Try and think of all the other alternatives before
continuing.
The most obvious way to alleviate the current problem is to discuss
the problem with friends or family. If you are lucky enough to have people
around you who are in a better financial position than you, who are generous
and caring and who trust you enough to lend you money, then take the offer.
You
may have to swallow your pride but this is by far the best solution (other than
winning the lottery of course). Friends and family will not charge you or give
you a strict time limit to pay it back, but please do not take advantage of it.
Gentle gestures are hard to find these days, so give them the respect they
deserve and pay them as soon as you can.
They will also confiscate none of your
property for auction and recover some of the money you owe as a loan company if
you fail to make repayments on your emergency money loan.
Another alternative, although much harder to do than pick up
the phone and ask for an instant loan, is to sell some of your belongings. For
example, the price of gold is at an all time high and the majority of jewelers
will give you a very good price for any redundant gold item that you no longer
use.
You may be emotionally attached to the item, but in the current situation,
you have to face the reality and realize that all the assets you have must be
used before you go into heavy debt because of a missed payment on a loan
emergency cash. You have to try and think long term here. See the bigger picture.