When borrowing money we usually think to go ask a family member or a close friend. Sometimes people forget that there are these great things called installment loans. Another term for them is cash advance loans.
It can be tough to put off bills sometimes. Paydays always seem like they are super far away. Waiting to get money is sometimes not an option. Emergencies are probably one of the best reasons to get a loan.
If you are wonder what are some other good reasons to get an installment loan see this article:
We recently heard a story where a family got into a car accident. What made it worse was that they were not insured. The crash was also their fault.
The father of the family did make pretty good money, but they were completely broke at the moment. The family needed a car to get around.
Their only car was just totaled. They needed something so the father could get to work. He was not scheduled to get paid till 7 days later.
He went and took out an installment loan to have enough money for a down payment.
Fortunately he had good credit but he still needed a decent down payment. The next day he was able to get a better car than they have before.
He got to work. He shortly there after got a promotion at work which included a nice raise. He paid back the cash advance he had taken out.
After this they were no longer tight for money. In a situation like this borrowing money from a lender was a big key to getting past their temporary troubles.