Easy Money for Your Emergency Needs

Medical emergencies often strike suddenly and without warning. In a perfect world, we would have an overflowing savings account to combat life’s emergencies. Of course, in a perfect world, emergencies would never happen in the first place.

Emergencies aren’t just insanely stressful: they’re also incredibly costly. Worse still, you often don’t have time to wait around for another paycheck or a bank loan. You need money, and you need it now. Luckily for those suffering through medical emergencies, there are emergency sources of cash that can arrive in as little as 24 hours.

Image from Flickr

 

Online Personal Loans

Online personal loans have two benefits in an emergency: they’re simple to process, and they’re incredibly fast. For example, here’s how the process works for online personal loans from greatplainslending.com:

  1. Apply online for a loan from $200 to $1000. 
     Fill out the online application. You must prove that you’re over 18, have access to a working email account, got a secure form of income (employment, etc.), and have a working checking account with limited penalties (no bounced checks, no overdraft charges, a positive balance, etc.).
  2. Find out if you’ve been approved. An employee should be able to let you know whether you’ve been approved for online personal loans in a matter of minutes.
  3. See the money in your account on the next business day. If you fill out your application by6:00 p.m. EST, you should see money in your account on the following business day.

What You Should and Shouldn’t Use an Online Personal Loan For

Online personal loans should not be used for non-necessities. Don’t get a personal loan to finance that latest gadget you’ve been eyeing or to buy a cute pair of shoes. Personal loans are for emergency situations: when you need money immediately to take care of a current crisis.

Examples include: medical emergencies, car repairs or breakdowns, severe housing problems (flooding, etc.), and family emergencies. Personal loans are also a good option for applicants with low or zero credit. In fact, if you’ve got a less-than-stellar credit rating, online personal loans may be the only loan you qualify for. 

Have You Ever Suffered from a Medical Emergency?

How did you cope with your medical emergency? Ever received an online personal loan? Got any advice for fellow readers who might be in your shoes? Share your experiences in the comments.