Debt Consolidation Loans For Bad Credit In UK Debt Consolidation Loans For Bad Credit In UK

Find out more on Debt Consolidation Loans For Bad Credit In UK Now!

Tuesday, December 30, 2008

Three Reasons You'll Need An Emergency $5,000 Signature Loan

By Mark Matthews

Let's say you live in a place where it snows for three weeks solid - and you end up with six feet of snow piled up on your roof. It may not be long until your roof either collapses or gets seriously damaged by the snow. Expensive repairs require cash, and in the absence of cash you may end up needing a speedy $5,000 loan.

What other choice might you have - keeping a damaged roof and going through the whole winter freezing and wet? But if you don't have the necessary money for getting the roof back in order, a quick loan could be the only way you'll be warm and dry this January.

Here's another possible scenario - it might already be late January and you're in charge of your local Super Bowl party. You've got the right food, the right furniture arrangement - but one thing is missing - the huge high def TV that will let all forty people who are going to be sitting in your living room enjoy the game.

Your current TV is a party killer for sure, and there's only one solution. You need to have that new high def monster glowing in your living room before the day of the game arrives. If you don't have the money for the TV in your bank account - you're going to need to borrow it.

Now it's clear that neither of those situations are going to mean life or death for your family. But there are a myriad of other problems that could occur in your life. It could be the middle of summer when a close family member or friend suddenly passes away and you have to purchase last minute airfare to comfort the family of the deceased.

Those plane tickets are going to cost an arm and a leg - unless you get a bereavement ticket - which you probably won't. You could be staring down the barrel of $1,000 to $3,000 in airfare depending on the size of your family. In these economic times, most people don't have that kind of money sitting in their checking account.

I don't like the idea of anyone having to go into debt for any of these scenarios, especially the one where you're borrowing a bunch of money to buy electronics you don't need for a part that's going to last less than four hours.

But the fact is you may have to borrow money under less than ideal circumstances and when that time comes, you need to know your options. Signature loans are probably the only way out if you don't have any cash laying around or room on your credit cards. Just make sure you're smart enough to set up and immediate repayment plan, and your long term goals should be relatively unaffected.

About the Author:

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home