How To Get Holiday Loans For Emergencies
Sometimes, festive plans get rained on and you need holiday loans for emergencies – fast. There’s often no time to waste if you have an urgent bill on your doorstep, which is why we’ve put together this simple yet comprehensive guide to getting your cash and paying off your emergency ASAP.
In this article, we will cover your loan options, different loan requirements, request processes, and more! Now, let’s get you the money you need.
Accessing Holiday Loans For Emergencies
1. Consider Your Loan Options
If you don’t have an emergency fund, there’s no time like the present to remind you how important they are. Once this matter is covered, head back to the drawing board and set yourself up to save a little something – anything – every month towards a rainy-day fund.
Before then, let’s take a look at your options. Most people who need emergency money could either head to their bank, look to their loved ones, or contact an emergency loan lender like Wisconsin Auto Title Loans, Inc. Each road has vastly different requirements, applications, and consequences, so let’s get into those below.
Bank Loans
Each bank or credit union loan is unique, but most offer both secured and unsecured personal loans. Secured loans require you to provide collateral to prove you’ll repay the loan. This may mean putting up your car, home, or another asset. Unsecured loans do not require collateral.
These traditional lenders usually take up to a week to approve and process a personal loan, plus they have strict requirements to qualify which we’ll discuss below.
Loans From Family Or Friends
Some people have family or friends with extra money in the bank to lend. This is a personal decision that may or may not charge interest and affect your relationship with said person. Tread lightly with these types of arrangements.
Emergency Title Loans
These loans are for larger amounts of up to $10,000. You’ll need to put up your car as collateral for the loan, but at Wisconsin Auto Title Loans, Inc. you keep your car while you pay back your loan.
Emergency Installment Loans
Emergency installment loans were created as short-term solutions for urgent financial problems. This makes them great as holiday loans for emergencies.
At Wisconsin Auto Title Loans, Inc. installment loans range from $100 to over $1,400 in a process that takes less than an hour. Installment loans are paid back in smaller increments over time – usually monthly – and the money is deposited into your account within a day of your approval.
2. Meet The Requirements For Your Loan
Each type of loan and lender has different requirements to qualify.
Bank Loans
Banks and credit unions are strict when it comes to qualification and the application process for personal loans. You may have to put up collateral to match the loan, show proof of employment through tax records, pay stubs, and employer verification forms, have a low debt-to-income ratio, have a high credit score, and pay an origination fee to process your request.
Loans From Family Or Friends
The terms of a loan from family or a friend can vary greatly… but they could also cause tension or even disagreements within relationships. Again, our advice is to be wary of this type of loan.
Emergency Title Loans
Emergency title loans require your lien-free vehicle as collateral for the loan. You’ll also need your state I.D. and to present your car for an inspection.
Emergency Installment Loans
Signature installment loans are available to those who have a valid I.D., checking account, and proof of income. The proof of income is usually through your latest pay stub, but other streams of income may also be accepted.
3. Start The Request Process
Once you’ve selected the best holiday loans for emergencies, you’ll apply at the source. Traditionalists may head to their bank or credit union but beware of the lengthy loan process that awaits.
If you’re making arrangements with friends or family, be sure to get everything in writing and on the record before the money is exchanged.
Finally, if you’ve settled on a title or installment loan, you’ll apply through our online inquiry form or by calling us directly. You’ll then be put in contact with a trusted representative who will discuss our emergency installment loans and review your documents.
Applicants for our holiday loans for emergencies will pop by one of our offices to present their documents and finalize their loan requests. If approved, you’ll have the money you need as soon as that same evening!
Cover Your Holiday Emergency Now
Now that you’re familiar with available holiday loans for emergencies, it’s time to make a decision. No matter which loan you choose, Wisconsin Auto Title Loans, Inc. is available to lend you a financial hand whenever you need it. Our emergency installment loans and title loans are available options whenever you need money fast.
If you want to take advantage of our simple loan process, short requirements list, and fast cash options, reach out to us today. We are here and ready to answer your questions and get you the cash you need, fast.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.