How To Find Financial Relief During Emergencies & Avoid a Stressful Crisis
November 24, 2020 | June Mckaig
Stress from financial crises is a feeling we're all too familiar with. Not only does financial instability put a damper on your everyday lifestyle; but the uncertainty and loss of motivation can take a toll on your mental health, too.
Luckily, there is an increasing number of resources out there for individuals and families facing financial emergencies. Financial assistance programs, grants, and loans of many types exist to help people deal with their financial crises. Here is a list of the main types of aid to look out for if you need financial relief.
Remember These Types Of Financial Relief
1. Government Aid
Governments offer tons of programs and benefits for low-income people or those dealing with a financial emergency. Based on your situation, you can find programs to help with specific expenses, such as rent, utility bills, medical bills, food, and other basic expenses.
Moreover, governments also offer financial aid to institutions such as hospitals, schools, businesses, and non-profit organizations.
2. Financial Aid For Education
There's no denying how expensive education is. Luckily, there are plenty of scholarships, grants, and student loans that can help students with tuition and other education-related expenses.
In most cases, your educational institution may offer students financial aid in different forms. But in some cases, governments may also offer funding to educational institutions and/or their students The US Department of Education grants over $100 billion to students each year.
Education-related financial aid can be either merit-based or circumstantial.
There is a myriad of different loans today, each addressing a specific sector requiring funding. Today, you can get any type of loan, be it a personal loan, a car title loan, a payday loan, or a home equity loan. Also, personal loans are versatile and can be used for various purposes.
Loans are an attractive option for people in need of quick cash because they're quick to obtain. One of the fastest types of loans available is title loans.
Title loans are short-term unsecured loans wherein borrowers put up their car titles as collateral in exchange for a loan amount. The title is returned once the loan amount is repaid in total.
What Are The Benefits Of Taking Out A Title Loan?
Title loans are a popular recourse for people facing undesirable financial circumstances that require immediate cash, such as costly medical bills, travel costs, or heavy-duty repairs. This is because title loans typically have short processing times and few requirements, unlike traditional loans. In many, if not most cases, borrowers receive their loan on the same day they applied if they are approved.
Apart from the processing time, title loans are generally less of a hassle than conventional loans. Title loans have much fewer requirements, and there's not much paperwork involved.
To be eligible to take out a title loan, all you need is a valid ID, a car, and the vehicle’s title that is in your name and free of prior loans. It truly is a no-frills process.
Got bad credit? Title lenders don't care! Your lender won't even check your credit history, so you don't need to worry about that when applying for a title loan.
Perhaps one of the biggest advantages of getting a title loan is that borrowers get to keep their vehicles in their possession. With a title loan, all you need to surrender to your lender is your car title, which means you can keep driving your car. Just make sure to keep up with the repayment schedule of the loan.
How To Apply For Title Loans
Applying for title loans is convenient in Arizona. That’s the very reason we call them fast auto loans. We even offer you two ways of going through the process. You can either come to one of our locations or we’ll go to you! Just follow this step-by-step guide to learn what the title loans requirements are:
- Fill out the online form on our homepage. The form will be sent to the nearest Fast Auto Loans where a loan associate will call you;
- During the call you’ll hear about the process and ask your questions;
- The associate will tell you all about the required items you need and what title loan places are nearest you. Or, you can give them a location and they will meet you;
- Make sure to have your state-issued photo ID, your vehicle’s lien-free title in your name, and the matching vehicle;
- Once face-to-face, either at the store or your preferred location, the associate will go over your items, inspect your vehicle, and see if you are approved;
- Once approved, you can sign the loan agreement and either have your cash the same day or the next bank business day.
If you need financial assistance it is just a matter of knowing your options. Whether you go for a title loan in Arizona or some other form of financial assistance, you have to keep your options in your mind.