There are three possible reasons you're reading this right now:
- You can't get enough of reading the Atlas Credit blog for our expert financial advice.
- You're expecting a dire situation in the near future, so you've come for tips to prepare for it as best as possible.
- You are currently in the middle of a financial emergency and you need solutions now.
Which one of those are you? If you're number 1, we love it when you read our blog! But if you're number 2 or 3, it's time to get serious. Here are some great ways you can overcome your financial crisis.
Dig Into Your Savings
If you've read any of the advice we've given in earlier blogs, you'll know how much we encourage you to take advantage of keeping a careful budget. Doing so allows you to open up a small amount of cash each week to place into savings that can then be used to alleviate any financial woes you might suffer in the future.
This money is perfect for solving a minor financial crisis. Just having an emergency fund set aside offers incredible peace of mind, regardless of your income level.
But you should remember one thing: if you dig into your emergency fund to save yourself during a time of need, be sure to start adding money back into it ASAP.
Reach Out to Friends and Family
No one likes the idea of having to call someone they know to ask for money. But everyone understands what it's like to go through a difficult period that can only be solved with a little money.
That's why there's a good chance your family and friends will be willing to help you out, if only just a little. They might not be able to completely help you with your problem, but what they contribute might go far toward fixing it.
Just remember how important it is to pay them back. Ask them upfront when they'd like the money back, and work hard toward repaying them for their generosity.
Consider Using Credit
In the past, we've discussed the value of having a credit card to handle small expenses -- as long as you pay them back quickly. No one likes going deeper into debt, especially as the result of surviving a financial crisis.
So, if you have a credit card with a spending limit that would allow you to handle your emergency promptly, go for it. But whatever you do, don't put yourself into an even worse situation by overspending on your credit card and racking up a bunch of expensive fees.
For a great comparison between credit cards and personal loans, check out our recent blog post on the topic!
Apply for a Personal Loan
Here's where our specialty truly lies. Personal loans are one of the best tools in your financial arsenal for tackling a sudden, unexpected problem.
Why, you ask?
Because of how flexible they can be and how easy they are to pay back. Unlike credit cards, you can structure your personal loan from Atlas Credit to be paid back on a 5 to 12 month repayment plan where you know from the beginning what you'll be responsible for. Plus, your loan can range from a number as small as $100 all the way up to $1,300.
There are plenty of physical Atlas Credit locations near Corpus Christi and elsewhere in Texas for you to apply. Or, get qualified through our simple online application form. Either way, reach out to Atlas Credit today for help solving your financial emergency!