Everybody works in life to reach a certain level of financial stability and peace of mind. But even after you reach a comfortable monthly income, life can still throw curveballs your way that are hard to handle.
But with the help of a personal loan from a lender like Atlas Credit, you may just be able to knock life's unforeseen circumstances out of the park. Here are eight ways a quick and easy personal loan can solve your unexpected money moments!
1. Fight Credit Card Debt With a Personal Loan
Your first thought might be: how can I get out of debt by acquiring more debt?
The answer is simple. With a personal loan from a Fort Worth lender like Atlas Credit, you'll be able to pay off your debt to a credit card company all at once and worry about a much lower interest rate over a more manageable period of time.
2. Handle Health Care Costs With a Personal Loan
It's sometimes impossible to predict what life can throw at you and your family. And if one of you has a sudden medical emergency, you might find yourself in dire financial straits.
Many people take out personal loans to handle unexpected healthcare costs. Do it as soon as you hear about the costs so you're never late making your payment -- that way, the credit agencies never have to hear about you being late on a payment.
3. Consolidate Your Debt With a Personal Loan
One of the most popular reasons for taking out a small personal loan is for the purposes of debt consolidation. That means taking multiple types of debt -- your car, credit card, and loans from other lenders -- and paying it off with one single loan on a fixed interest rate.
Doing this with a personal loan from a Fort Worth company like Atlas Credit lowers the overall interest rate across your debt payment, helps improve your credit by showing that you've paid off other outstanding debts and leaves you with one monthly payment instead of many.
4. Pay for a Funeral With a Personal Loan
Another unfortunate fact of life, much like taxes, is death. And when a loved one dies, making the funeral arrangement in the few days after their passing can become a serious financial problem.
No funeral is cheap, and if you have to pull from your own savings or from your monthly earnings to pay for it, you might find yourself flat broke afterward. Instead, take out a personal loan you can pay off over a 5 to 12 month period and get through the tough time without the added burden of financial stress.
5. Complete Home Repairs With a Personal Loan
Curing unexpected money woes with a personal loan includes taking care of problems that arise around your house. You may return home from work one day to find your kitchen flooded after your refrigerator water line springs a leak. Or you could return from vacation to discover your basement filled with water during a thunderstorm.
When these things happen, your homeowner's insurance may pay for part of the damages, but you will be responsible for at least paying your deductible. You may even need to pay more, as insurance doesn't cover some types of repairs. A personal loan can cover the difference.
6. Cover Auto Repair Bills
Your car can break down without warning, putting you in a tough position. You need your vehicle to get to work, and leaving it out of commission for too long will impact your day-to-day life. But, depending on the issue, you could owe upwards of $1,000 for a car repair. You may even need to get the issue fixed before your car will pass inspection.
A personal loan can help you cover car repair expenses. You can take care of the bill with ease and not have to worry about owing your mechanic anything in the long term.
7. Pick up Pet Emergency Bills
Pets are more than just animals. They are a part of the family, and when they suffer a health problem, you may feel panicked and worried. You want the best care for your pet so they can get better. You bring them to the vet and agree to whatever procedure they suggest, no matter the cost.
A personal loan can cover expenses racked up at the vet's office to help your pet. You may be able to pay the entire bill with a loan or at least pay part of it and get on a payment plan to cover the rest.
8. Buy a New Appliance
Did your dishwasher or washing machine suddenly quit working? You need to replace the appliance, but you don't want to pay high interest rates on your credit card by charging the purchase. Instead, take out money with a personal loan to pay for the new appliance. You will have a lower interest rate and get a repayment schedule that fits into your budget. Plus, you can get your cash quickly, so you aren't without your appliance for long.
Afford Any Emergency With an Atlas Credit Personal Loan
Personal loans are one of the most flexible sources of quick and easy money out there for handling unplanned expenses. Whether a tree falls on your roof, your kid needs a tooth pulled, or even if you just need to rent a nice tuxedo for your cousin's wedding, a personal loan can help you afford it with ease.
Atlas Credit knows how difficult and unpredictable life can be -- that's why we offer a no hassle personal loan even if you have bad credit. Apply for a personal loan online or in-store at your local Atlas Credit location in Oklahoma or Texas today!