7 Reasons You Should Consider Taking a Quick Loan
Are you running short on cash this month to pay your bills or other important expenses?
A quick loan could be just the thing you need to keep your finances on track.
Most of us encounter periods of financial hardship from time to time. But, this doesn’t have to throw your life off the rails completely. With a little assistance, you could get the funds you need to cover your immediate expenses and avoid further consequences.
If you’re tired of worrying about all of the bills that you can’t pay, maybe it’s time to apply for a fast funding option. Read on to learn 7 justifiable reasons you should consider taking out a quick loan.
The Benefits of a Quick Loan
According to data from Experian, personal loans are a growing trend among consumers. In fact, personal loans are the fastest-growing debt category in the United States, with balances reaching $305 billion for Americans in 2019.
Why are quick, personal loans so popular among consumers today? The reasons are clear.
Many of us struggle to make ends meet at one time or another.
With a fast, personal loan, you can get the money you need to pay your bills on time, afford an emergency expense, or treat your family to a much-needed vacation…without falling behind financially.
Quick loans give consumers options when they may have had none. And, they often have a relatively simple qualification process.
Plus, when you apply for a personal loan, you could have the funds you need in a flash. Most quick loan providers can deposit funds into your bank account within a matter of days after you submit your application.
7 Common Reasons to Apply for a Fast Loan
There are lots of reasons why consumers apply for personal loans. But, often, quick loan applicants cite reasons that fall under these common categories.
1. Higher Borrowing Limits Than a Credit Card
Many times personal loans offer higher borrowing limits than a credit card. This makes quick loans an attractive option to those looking to maximize their borrowing power so that they can receive the most funds possible at the present moment.
2. Lower Interest Rates Than Plastic
Another draw for personal loans is the often lower interest rate that they offer when compared to credit cards. If your credit cards carry a high APR, then a quick loan may be able to get you funded at half the cost.
3. Debt Consolidation
Do you have several small debts that you wish to consolidate into one, easy monthly payment? Good news: you can apply for a fast loan to pay off your balances, and, you may be able to save money with a reduced interest rate, as well.
4. Emergency Expenses
When emergencies strike, many Americans simply don’t have the cash to cover the costs. According to Bankrate.com, nearly a third of adults in the United States do not have emergency savings set aside.
So, what are your options when you encounter an unforeseen financial emergency? A quick loan can provide the funds you need, fast.
5. Large Purchases
Whether you are purchasing plane tickets, Holiday gifts, paying for much-needed home maintenance. or purchasing a new car or household appliance, large purchases can often add an unnecessary strain to your pocketbook.
You don’t have to stress over your budget when you take out a quick loan.
With a personal loan, you can make a large purchase and pay for it in affordable installments over time. This is often a much more attractive, and do-able, option versus paying upfront.
6. Alternative to Payday Loans
Payday loans can be risky for applicants. They often carry super-high interest rates, and the terms usually are not very accommodating.
Luckily, quick loans provide consumers with an alternative option to get the funds they need, without outrageous, unrealistic, terms.
7. Moving Expenses
For Americans, basic moving expenses typically run anywhere from $550 to $7,500, on average. Unfortunately, this is often more than most people can afford to pay on a dime.
But, for many families, time is of the essence when relocating. This is because people tend to move to accommodate a new job or a new marriage. Or, they may move so that they can attend a new school system or afford the purchase of a new home.
In cases such as these, it doesn’t make sense to save up until you can afford to pay for your move outright. You have to “strike while the iron is hot”, per se, or you could risk the loss of a significant opportunity to better your life’s circumstances.
In times like these, a quick loan provides an easy-to-access solution that can get you the funds you need right when you need them so you can make your move without unneeded stress.
Is a Personal Loan Right for You?
If your bills are stacking up or you’re facing unforeseen expenses, a personal loan could be the answer you’ve been looking for.
We can help you find the right funding option to meet your lending needs. And, we work with multiple, high-quality lenders so you can get the best possible rates and terms for your loan, no matter what your situation might be.
Whether you need cash to cover medical bills, home maintenance costs, your child’s college tuition, an unexpected car repair, or a relaxing holiday getaway with your honey, we’re here for you.
Contact us today to find out how a quick loan can help you get the funds you need, fast!