How To Find Emergency Financial Relief
Of all the stressful situations we often find ourselves in, dealing with a financial crisis is definitely one of the worst. Not only does financial instability limit your daily activities, but it can also impact your mental health. Stress from uncertainty and loss of motivation can hinder your ability to get back on your feet.
If you're facing an undesirable financial situation, you're not alone. Luckily, some resources can help relieve some of your financial burdens including title loans. Here are 4 tips on where to look for help when you're facing a financial emergency.
Get Through Your Financial Emergency With These Tips
1. Government Benefits
Government programs offer various types of financial aid to families and individuals in need of financial relief. You can get help with paying bills, rent, and school fees, and you can apply for benefits, grants, and loans based on your situation.
Most governments offer information about their financial aid programs online. Look up your local government's website and familiarize yourself with the programs available to you, and find out what you may be eligible for.
2. Unemployment Benefits
If your financial instability is due to the loss of your job, you can apply for unemployment insurance benefits. These benefits pertain to a range of different issues such as continuing health insurance coverage, wrongful termination of employment, and more.
In addition, government and non-government-backed agencies also offer training and education programs for the unemployed, which are usually either free or low-priced. Some states also offer assistance to unemployed individuals who want to open their own business.
Crowdfunding or fundraising is an option not many people take into consideration when looking for financial relief, but it should be. Asking for help from people you know can be awkward, but in times of crisis, you shouldn't shy away from it. It's a viable step to take. And with platforms like GoFundMe, Snowball, and Indiegogo, it's a fairly easy step to take, as well.
Related content: How To Deal With Financial Stress
4. Get A Title Loan
Finally, one of the quickest and easiest ways to ease your financial stress is by taking out a title loan. What is a title loan? A title loan is an unsecured, short-term loan in which the borrower puts up their car title as collateral in exchange for a loan amount.
Title loans are a viable course of action for people in need of immediate financial assistance because our process is quick and easy to go through. This makes it ideal for individuals facing a financial situation that requires immediate cash, such as medical bills, home and/or auto repairs, and unexpected or necessary travel.
Benefits Of Title Loans
Title loans are popular because of their benefits. Below is a list of just some of the benefits of taking out a title loan:
- Fast access to cash: Perhaps the biggest benefit of taking out a title loan is how quickly you can get your hands on the cash. If you are approved in Mississippi Title Loans, inc., you could get your cash either the same day or the very next bank business day.
- Fewer requirements: Compared to conventional loans, title loans have much fewer requirements. You don't need to bring a bunch of things. Just make sure you bring your government-issued ID, the car title in your name, and your vehicle. You also need to be above 18 years of age.
- Bad credit is not a deterrent: Here in Mississippi, we won’t hold your bad credit against you. So, regardless of if you have bad credit or no credit at all, you're still eligible for a title loan.
- Keep driving your car: Title loans use car titles as collateral, so you can actually keep driving your car! Just keep paying off the loan based on the repayment schedule you agree to.
- Simple process: The process of taking out a title loan is both quick and easy. Below is a step-by-step guide on how to take out a title loan.
How To Get A Mississippi Title Loan
Our process is so simple, we actually offer you two ways of going through it! Both ways start with you filling out our online form. Once that is submitted, a loan associate will give you a call. They will be able to answer your questions and confirm your information. This is also where you have two options of proceeding!
You can always visit one of our many loan places in Mississippi. However, if you’d rather not come to the store, you can give us a location and we will go to you.
The rest of the process is the same whether you come to us or we go to you. You will gather your ID, your vehicle’s title, and your vehicle to meet us. We will then go over your application and your items. We will also do a quick inspection of your vehicle to determine how much you could qualify for. Once we have done all of that, we will let you know if you’ve been approved or not. Then, if you are approved, we will go over the loan terms and have you sign papers.
Once the papers are signed, you are done! If you come to us then you will receive your cash right there. But if you have us come to you, then you can expect your cash in your account the very next bank business day.
Getting through a financial emergency can be difficult – especially during these pandemic times. It is important to know what financial assistance is available to you. Take these tips and, hopefully, you will find that your emergencies are a bit easier to handle.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.