Be Careful of Emergency Money

The reality for many people is that they are one job loss or one major medical emergency away from financial disaster. Unplanned financial costs seem to happen when you least expect them and are the least prepared to handle them. Given the current economic climate, having an emergency fund to handle these expenses is more important than ever.

Experts agree that everyone should have a cash reserve that is meant to be used for emergency situations. This doesn’t mean the funds are there to purchase a new television or use for a weekend getaway. An emergency fund is exactly what the name implies- for emergency use only. If you have never had a savings account or emergency fund before, it all may seem overwhelming to you. The important thing is to begin now so that you can be prepared for the financial surprises life throws your way.

Important of Emergency Funds

Having emergency money allows you to pay for these unplanned expenses without using a credit card and going even deeper into debt. An ideal emergency fund should equal three to six months of living expenses, as a minimum.

Borrowing up to $25,000 Without Collateral

In today's tough economic climate, more and more people are finding themselves in need of a large sum of money. It could be a major medical emergency or a costly home repair. Whatever the reason, it is sometimes necessary to borrow at least $25,000 or more without providing collateral for the loan.

Building an Emergency Fund

Experts agree that everyone should have a cash reserve that is meant to be used for emergency situations. This doesn’t mean the funds are there to purchase a new television or use for a weekend getaway. An emergency fund is exactly what the name implies- for emergency use only.

Facts about Car Title Loans

In simple terms, this is a short-term personal loan for which you put up your car as collateral in return for a specified amount of cash. You should think carefully before applying for a car title loan as they can be very expensive and have a high-risk factor.

What You Should Know About High-Risk Personal Loans

High-risk personal loans of $5,000 or more can be an option if you need immediate cash and have no savings to use. These loans are generally available to people who have a poor credit history, low credit score, and no collateral to offer to a creditor.