4 Reasons You Might Need a Short-Term Loan
There are many reasons why you might need access to a small amount of cash rather quickly. Did you know that you can apply for a short-term cash loan? Short-term loans are smaller amounts of cash that you can receive right away with just a government issued ID, source of income and a checking account, in most cases. They are usually payable within several weeks to several months, depending upon the type of loan. Applying for a short-term loan is easy and convenient, and you don’t have to have excellent credit to get one. Advance America short-term loans can help you hire a professional to do a car or home repair, pay upcoming bills, or fill in the financial gaps when you’re running short on cash due to the unexpected.
Here are 4 situations when you might consider that applying for a short-term loan is right for you:
1. To pay bills.
Keeping current with bills, especially electric, water, and insurance is vital to keeping a household running. And, not paying a bill on time can mean not being able to drive, or not having electricity or water. If you have a credit card bill that is due, it’s never a good idea to just not make the payment. Consider applying for a short-term loan so you will pay on time and to avoid late fees and additional interest, which will add to the total amount you owe. Paying your credit card bills on time will keep your credit score healthy, too.
2. Car repairs.
Today, our vehicles are the key to our economic health. When your car’s not running right or won’t start—or you need a new set of tires—not having transportation can really limit your ability to get to work—or even get your kids to school, to their doctor appointments, or activities. By keeping up with the maintenance on your vehicle, such as checking tires and fluids regularly, and getting oil changes every 3,000 miles, you’ll be making an investment in your transportation, and economic livelihood. If you’re short on cash, consider applying for a short-term cash loan to keep your car’s motor running.
3. Home repairs.
Short-term loans are convenient when you need to make an emergency repair, such as fixing or buying a new water heater or repairing a leaking roof. There are also home repairs that need to be corrected, even though they may not be emergencies, such as replacing a door lock or fixing a garage door. You may need to purchase materials or tools to make a home repair yourself instead of hiring a handy man or repairman to do the work. A short-term cash loan can actually help you save money because not making a repair can cause additional damage to your home, and, in the long run, result in a more costly repair.
4. Cell phone or electronic device replacement.
Cell phones are our way of staying in touch with our employer, with our family, and with our community. When you lose or break your phone, replacing or fixing it can be costly, even if you carry insurance. You might have money in your bank account, but don’t want to spend it all on replacing a cell phone. A payday loan, for example, can help you replace your cell phone or other electronic devices until you receive your next paycheck.
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