Where To Find Emergency Christmas Help When Short On Cash

Christmas can put people in a good mood. But then out of nowhere you are hit with a situation and need emergency Christmas help. You can get an $800 water bill which is a sure indicator of a severe plumbing leak. These types of emergencies or a quick trip to the emergency room after falling off a ladder hanging Christmas decorations would dampen anyone's holiday spirit. Yet, some things just happen and now you are left looking for some extra cash.

Options For You To Obtain Emergency Holiday Cash

The good thing is there are choices you have when you need to get some emergency Christmas help. Whether you look to your loved ones to help you out or you resort to financial help from a bank, you have options. The only thing you need to do is research so you can learn about the best options for your situation. When you need emergency cash, use this guide to learn about the options available to you. 

Going To Family

The first option you have to get emergency Christmas help is going to your family. The family would probably love to help you in these types of situations – even if it isn’t the full amount you need. All you need to do is explain your situation and your loved ones would more than likely be willing to do whatever they could to help. Just make sure you make it clear you intend to pay them back and that you actually do pay them back on time.

Banks And Credit Unions

Those who have a long-standing relationship with a bank or credit union may have a shot at getting a short-term loan for emergency Christmas help. However, most financial experts say you need a credit score of at least 650 to get any type of bank or credit union loan. This means you should know your credit score before you decide to go for a loan. Also, keep in mind that using a bank could take up to two weeks to get approved. So if your situation is really pressing, you might need another solution.

Your Equity In Your Home

Homeowners can tap into their equity to draw out some cash when it is really needed. Just keep in mind that this option isn't as easy as it once was. An equity line is the best option but, again, credit scores play a role. Those with a good credit score can probably make it happen in a few days. So, again, if your situation is pressing, this might not be the option for you. Another thing to keep in mind is that the bank can take your house if you don't make all payments on time. 

Retirement Accounts

Those who have a 401(k) can tap into them in a moment of extreme need. Many Americans are doing that when all other options fail to get them the money they really need. Reports state that half of Americans took money out early from their retirement accounts in 2021 and 21 percent cashed out their accounts completely when they quit or couldn't go to work during the pandemic. Keep in mind that cashing out retirement accounts early means you will be heavily taxed on the proceeds.

Emergency Installment Loan

The last option to get some emergency Christmas help is to come to Wisconsin Auto Title Loans, Inc. for an emergency installment loan. A signature installment loan is an unsecured loan that means you don't need collateral to secure the money. This does mean we will have to check your credit before we can tell you if you qualify for approval. The good thing is we here at Wisconsin Auto Title Loans, Inc. make it so that the final application process can be completed in as little as 30 minutes.

Applicants will need some things to apply including a valid driver's license or a state-issued photo ID, a blank active checking account statement in their name and proof of income. Once you are ready to begin you can fill out an online inquiry form or contact any of the Wisconsin Auto Title Loan, Inc. stores by phone. Either way, we will confirm your information and talk you through the process. You will then be directed to a nearby store to finish the process. 

Get The Emergency Christmas Help You Need Today

If you are experiencing a situation that has left you needing emergency Christmas help, there are options for you to consider. Use this guide to learn about some of the options you have to get the help you need. And if you decide an emergency installment loan will help you, don’t hesitate to come see us. Fill out the online form on our website or give us a quick call to begin the simple process right now.

 

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.