Finding A Loan At Short Notice

There may be times when you want to find a loan at short notice and these can be very difficult or trying occasions. If you need money at short notice, you are likely to be feeling stressed and under pressure. This means you need a helping hand and you need it very quickly. Of course, this is the sort of time where you may feel as though your options are limited, but you need to keep a cool hand and try and avoid making bad decisions under pressure.

There are many bills that come up at short notice or even out of the blue. If these bills relate to things that are vital for your everyday life, you may feel that you have no option but to pay these bills as and when they come in. Some examples of bills that may come in short notice include:

  • A broken down car that needs to be repaired so you can work or care for your family
  • A boiler repair or replacement that needs to be undertaken to keep family life ticking over
  • White goods breaking down that need to be repaired or replaced to ensure everyday life is kept on track
  • Fees for school

These are just some of the bills that can come out of nowhere and it is likely that you will want to pay them as quickly as you possibly can. If you have friends or family members who can provide you with this money at short notice, you may be able to resolve the matter in a positive and simple manner but of course, life isn’t always this easy.

It may well be that your friends and family members are in a similar financial position to yourselves. There are many people across the country who finds themselves in a difficult financial position, so you may not be able to call on these people for immediate financial support.

Traditional Lenders are not Good Options for Short Term Loans

You would like to think that traditional lenders would be sympathetic to your cause and could help you find a finance solution at short notice. Sadly, this isn’t the case and most traditional lenders will be completely unsuitable when it comes to finding money at short notice. This is because they will ask you to fill in a lengthy application form and the n they will take weeks to get back to you with a response.

They will then take longer to provide you with the cash, if you are lucky enough to be accepted, and by this time, the matter of the bill will have long passed. If you require short term finance support, the traditional lenders should be avoided.

Look Online for the Best Standard of Loan Support

If you want anything quickly these days, it makes sense to look online. This is as true for finance as it is for buying a new dress or a pair of shoes. There is an increasing number of financial institutions, bodies and lenders that are available online and some of these will be able to meet your needs.

Of course, you should always consider your own credit score. If you have a positive credit score, you will find that you have a number of options available to you. If you have a poor credit score, you will find that you have a very limited number of options available to you. This means taking the time to review your own financial circumstances will be of benefit to you.

If you have a poor credit score, you won’t have many options but you shouldn’t take a payday loan. The cost of paying back a payday loan is very high and you may find that this costs you too many financial problems in the short and long term.

One option that may suit you, if you find someone who is willing to act as a guarantor for you, is a guarantor loan. As the lender will look at the credit score of the guarantor, as opposed to the applicant, they will be far more receptive to an application. This means the rate of interest will be lower, which means you should be able to pay the loan back in an affordable manner.

You can also receive this loan on the same day or within 24 hours, so there is a great deal to be said for finding the option that allows you to pay for unexpected bills.

Andrew Reilly is a freelance writer with a focus on news stories and consumer interest articles. He has been writing professionally for 9 years but has been writing for as long as he can care to remember. When Andrew isn’t sat behind a laptop or researching a story, he will be found watching a gig or a game of football.