In the current financial climate
most of us know how difficult it is cope some months. Usually, we're coasting
along quite happily and making ends meet when WHOOSH! something hits us out of
the blue and suddenly our carefully planned budget is worthless. If this has
happened to you then it's a safe assumption that an emergency cash loan has
crossed your mind.
Most people think of an emergency
cash loan as a payday or instant decision loan. A quick injection of cash to
get them through this unforeseen circumstance and they can worry about paying
it back later. Right? If this is true for you then STOP! I'm sure you don't
need me to tell you that this is a dangerous path to follow and may very well
put you in a far worse financial position further down the line.
Try and think of all other
alternatives before proceeding. The most obvious way to relieve the current
problem is to discuss the issue with friends or family. If you are lucky enough
to have people around you that are in a better financial position than you, are
generous and care and trust you enough to lend you the money then please, 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 won't
charge you interest or give you a strict time limit to pay it back but please
don't take advantage of them. Kind gestures are hard to find in this day and
age so give them the respect they deserve and pay them back as soon as you are
able. They also won't confiscate any of your belongings to sell at auction and
reclaim some of the money you owe like a loan company would if you fail to make
repayments on your emergency cash loan.
Another alternative, although much
harder to face than picking up the phone and applying for an instant loan, is
to sell some of your personal belongings. For example, the price of gold is at
an all time high and the majority of jewellers would give you a very good price
for any redundant gold items you no longer use. You may be emotionally attached
to the item but in the current situation you need to face reality and realise
that any assets you have should be used before getting yourself into severe
debt because of a missed payment on an emergency cash loan. You have to
try and think long term here. See the bigger picture.
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