[Report Abuse]
[Login to Blog] miltonferrara's Blog
Resolving unexpected financial crisis online
knowledge Poower

Take Me To Post Comment Form

Money is required for anything and everything you wish to have in your life. You may have an unending wish list which you want for yourself and for your family if married. You have to decide your priorities as which one of your requirement can be put on hold and which one of the requirements is required to be addressed immediately. The urgencies related to food, housing, health and education has to be addressed immediately whether you have enough resources at your disposal or not. These urgencies cannot be postponed as delay in addressing them may cost risk to life or career of someone who is dearer to you. You can go for payday express once you have decided that you must address the financial crisis immediately as delay in handling the situation may cause you irrevocable losses financially or emotionally.
Factors you must consider before going for borrowing the money

Why you need the loan?

You must analyze the situation which is provoking you to borrow the money. Is there any other way to handle the situation? It means can you avoid the situation without borrowing the money. Is it possible to postpone the situation of payment till you receive your salary? If so what repercussions it may have. Are the consequences of postponing the payment or borrowing the money is going to cost you more than the interest you have to pay on the borrowed amount?

Is there any other mode of getting finance?

You must look after the other options of getting the money. Once you have decided that the situation can be defused only by arranging extra finance required, you must consider other options which could be as follows:


Borrowing from close friend for short duration of time.
Requesting from your employer for advance.
Borrowing from your close relatives for short duration of time.


These are few options where you can get the finance available to diffuse the situation, without paying any extra money in terms of interest and processing fees .The money you save by not paying extra money in terms of interest or processing fees can help you to build up emergency fund.
Can you buy some time?

This is another factor which could be considered to diffuse the situation. You can talk to the person or the organization who is demanding the money, if you can be given sometime to make the payment or is it possible to break up the payment in installments. Many times, the people do consider your situation and provide you time or reschedule your payments as per your request. It can save you from the situation of borrowing the money at a very high rate of interest.
These are few of the factors among many factors which one must consider before finally reaching the decision of borrowing the money at very high rate of interest. It can also degrade your credit rating when you need money for larger requirements of life. Thus, you should take your time to analyze the situation and then decide to go for easy loan option.


Latest Activity: Sep 12, 2017 at 9:52 AM


Bookmark and Share
Forward This Blog
Print Blog
More Blogs by miltonferrara
Send miltonferrara a Message
Report Abuse


Blog has been viewed (332) times.


Log In to post comments.

Previous blog entries by miltonferrara
 
Best loan providers of Los Angeles
April 21, 2018
Sometimes we need money very urgently but we are not able to arrange it from any source so in this type of situations taking a car title loan is the best option. The Car title loans Los Angeles will provide you this option get the best amount of money in ...
Read More »
 
Why Is Video Advertising Enticing?
April 19, 2018
[caption id="attachment_15168" align="alignright" width="359"] By: Thos Ballantyne[/caption] Nowadays, video marketing has become one of the most popular types of advertising. Did you know folks are four times likely to respond to a video ad over a written text? As astounding as the statistic is, some companies have still not gone ...
Read More »
 
Labour Commits to Installing Sprinklers in All New
April 19, 2018
[caption id="attachment_15006" align="alignright" width="348"] By: Chris Dixon[/caption] Labour party officials have said that if Labour were to be elected they would ensure that sprinkler systems are installed in all new schools since only one in three schools refurbished or built since 2010 by the central government currently have them. They ...
Read More »
 
Your Very Own Crash Course on Waxing
April 19, 2018
[caption id="attachment_15269" align="alignright" width="389"] By: Karolina Mis[/caption] How can you figure out which hair removal option is going to be the best choice for you? It's a difficult decision! For a good technique which is somewhere in the middle, waxing is often a good choice: you get longer than if ...
Read More »
 
Choosing the Best Style Types for a Fuller Figure
April 19, 2018
Choosing the Best Style Types for a Fuller Figure Retailers are creating many more fashion designs for these women with a fuller figure. These fashions prove something we have known for a long time, curvy girls can sport some killer looks as well. Of course, just like any other person, ...
Read More »
 
[View More Blogs...]





 
Powered by
Morris Technology