When It’s Time To Get Help With Your Financial Emergency
It’s hard to admit when you need help, but if you’re struggling, it’s time to start looking into alternative resources to help you with a financial emergency. Here’s when you know it’s time to get help with your emergency.
You may need help with a financial emergency if your savings or emergency fund is empty, you’ve accumulated a lot of credit card debt, or you have to regularly tap into savings to make ends meet.
There are numerous solutions to a financial crisis, including government assistance programs, nonprofits, and a title pawn, but knowing when you need help is an important first step. In this article, you’ll see the signs of when you need to seek financial help and what resources you can consider.
When To Ask For Help With A Financial Emergency
Financial emergencies come in all shapes and sizes, whether it’s increasing credit card debt over the course of several years or an expensive home repair that’s integral to maintaining the structure of your home.
Sudden or gradual, the following symptoms can help you acknowledge when a financial emergency is beyond your personal control:
- When you have a lack of savings
- When you are too credit reliant
- When the situation is worse by not taking action
When You Have A Lack Of Savings
Many people tend to assume that others have their financial security under wraps, but the truth is that over 40% of Americans don’t have the spare cash to cover a $400 emergency expense.
If you’re living from paycheck to paycheck without any kind of savings to cover life’s emergencies, then you’ll likely want to consider getting help when a major financial hurdle comes your way.
When You Are Too Credit Reliant
It’s all too easy to put large bills on a credit card and just forget about them. Whether it’s one lump sum on a card or a few years worth of payments, an overreliance on credit cards can leave you without any feasible way to cover important emergency expenses when they arise.
If you get a big bill as you’re paying off your other debts, you might be left to reevaluate your financial situation.
When The Situation Will Worsen By Not Taking Action
Another important sign that you should enlist financial aid is if the situation will worsen by not taking action.
The merit of this thinking is clear if you consider something like a broken-down car, which is of no use to anyone. The longer you leave the repair bill unpaid, the longer you have to live without being able to use the car for transportation.
If the financial emergency you’re facing will only get more expensive or more problematic over time, then it’s worth considering your financial options and seeking help.
What To Do When You Need Financial Assistance
There are numerous resources that you can consider when you need financial assistance, and many government and nonprofit programs are designed to help people who are low-income or struggling to make ends meet.
- Temporary Assistance for Needy Families – This federal grant can help you with basic necessities such as food, housing, and medical bills.
- Low-Income Home Energy Assistance Program – A federal program dedicated to helping people regulate temperatures in their homes and cover low-cost AC repairs.
- The HealthWell Foundation – A nonprofit that helps underinsured people pay their premiums and hospital bills as an alternative to medical debt.
When To Consider A Loan
The above resources can help you start to reevaluate your finances, get back on the right track, and get help with the basics while you do so. Of course, these don’t always help with sudden expenses. In the following situations, you may consider getting a title loan instead:
- Your home needs urgent repairs
- You have unpaid medical bills
- You have overdue bills to cover
- You need to pay for business travel costs
Applying For A Loan With At Home Title Loans
If you need short-term cash to tide you over in an emergency, then At Home Title Loans can help.
You’ll need these items to apply:
- Driver’s license or state-issued ID
- Lien-free car title
- Your car itself for inspection
To get started, fill out the online form, and you’ll be connected with a vendor that can help you with the rest of the title pawn process.
The vendor will schedule an appointment to inspect your required items and the condition of your vehicle. If you’re approved for the loan following inspection, you can get the emergency cash you need on the same day or on the following business day.
Most lenders offer up to $15,000 in title pawn funds. The amount you are approved for will depend on your situation and the condition of the vehicle upon inspection.
Apply For A Title Pawn Today!
It’s hard to admit when you need help in the midst of a financial emergency, but if you want to cover your emergency costs sooner rather than later, At Home Title Loans can help you with a title pawn today.
If it’s the right move for you, simply submit your online inquiry to get started now! Experienced loan representatives are waiting to assist you.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.
