Let's say you live in a place where it snows for three weeks solid - and you end up with six feet of snow piled up on your roof. It may not be long until your roof either collapses or gets seriously damaged by the snow. Expensive repairs require cash, and in the absence of cash you may end up needing a speedy $5,000 loan.
Just think of the alternative - leaving the roof unrepaired and letting all that cold air and snow flow into the house? I don't think anybody would be in favor of that idea. So if you don't have the cash on hand and you don't want a big snow drift in your living room, you'll need to find someone who will lend you the money to get it fixed.
Other crazy things could happen to you, too. As early February draws closer, you remember you've promised all your neighborhood buddies that you'll host an amazing part on the day of the Super Bowl. If you don't have the high definition 72" flat screen TV they watched it on last year, you could be faced with the biggest embarrassment of the season.
Your current TV is a party killer for sure, and there's only one solution. You need to have that new high def monster glowing in your living room before the day of the game arrives. If you don't have the money for the TV in your bank account - you're going to need to borrow it.
Last scenario - the one you hope and pray never hits you or your family. You're preparing for the holidays and you get word that your grandmother's sister has passed away. She lives two states away and you have to get your entire family to the funeral.
Those plane tickets are going to cost an arm and a leg - unless you get a bereavement ticket - which you probably won't. You could be staring down the barrel of $1,000 to $3,000 in airfare depending on the size of your family. In these economic times, most people don't have that kind of money sitting in their checking account.
Going into debt is never the ideal scenario - and these three situations are totally undesirable. I'm especially unenthused about you going deep into debt for a massive television you only need for a three hour party.
At the end of the day you might have to take a little borrowed money from a bank, and you ought to be well educated about the different types of signature loans available to you. Manage your money well and you'll be out of debt almost as fast as you got into it. - 16089
Just think of the alternative - leaving the roof unrepaired and letting all that cold air and snow flow into the house? I don't think anybody would be in favor of that idea. So if you don't have the cash on hand and you don't want a big snow drift in your living room, you'll need to find someone who will lend you the money to get it fixed.
Other crazy things could happen to you, too. As early February draws closer, you remember you've promised all your neighborhood buddies that you'll host an amazing part on the day of the Super Bowl. If you don't have the high definition 72" flat screen TV they watched it on last year, you could be faced with the biggest embarrassment of the season.
Your current TV is a party killer for sure, and there's only one solution. You need to have that new high def monster glowing in your living room before the day of the game arrives. If you don't have the money for the TV in your bank account - you're going to need to borrow it.
Last scenario - the one you hope and pray never hits you or your family. You're preparing for the holidays and you get word that your grandmother's sister has passed away. She lives two states away and you have to get your entire family to the funeral.
Those plane tickets are going to cost an arm and a leg - unless you get a bereavement ticket - which you probably won't. You could be staring down the barrel of $1,000 to $3,000 in airfare depending on the size of your family. In these economic times, most people don't have that kind of money sitting in their checking account.
Going into debt is never the ideal scenario - and these three situations are totally undesirable. I'm especially unenthused about you going deep into debt for a massive television you only need for a three hour party.
At the end of the day you might have to take a little borrowed money from a bank, and you ought to be well educated about the different types of signature loans available to you. Manage your money well and you'll be out of debt almost as fast as you got into it. - 16089
About the Author:
There are banks out there who offer signature loans for people with bad credit, so there's no reason to be discouraged. Go to Mark's website if you're in the market for signature personal loans.
