Hydro, Internet, cell phone … bills fall every month and can sometimes be saltier than expected.
Despite the salary, it is sometimes difficult to manage to pay them with all expenses, especially during the holidays. Fortunately, there are temporary solutions to help you pay your bills on time.
Need money: pay your bills with a bank loan
You had an unexpected expense at the end of the month and you do not have much money left to pay your bills?
You can turn to your bank to apply for an instant loan if you have a need for money. The advantage is that you can get large amounts of up to $ 50,000.
However, applying to a bank is a complex process. Your banking institution will require certain guarantees from you to ensure that you will be able to repay the loan, whether it is a proof of salary or an analysis of your credit rating. These requirements can slow down the loan process.
The private lender to help you pay your bills
Credit applications to private institutions are becoming more common.
Unlike banks, private lenders offer loan solutions that do not always require credit investigation. This way, your odds and borrowing history will not be impacted.
The application process is very simple and very fast. Just fill out an online form, you will get the answer within an hour and the money can be transferred to your account in 24 hours only. It is an ideal solution to pay urgent bills in case of a hard blow.
The pawnshop, a quick solution if money is needed
The pawnshop is one of the oldest forms of credit. This is a loan that you get after the deposit of property as collateral. It is a less burdensome loan solution than the traditional loan and ideal for pressing money needs, because the demand is very fast. Another advantage: confidentiality. Nobody will ask you what you plan to do with this money.
Once your bills are paid, you can recover your property for a full refund of the loan, plus interest, storage and service charges.
Payday Loan: The Last Resort to Pay Your Bills
The payday loan is a loan on your next paycheck. The loan amount usually represents 30% to 50% of your total salary.
Lenders will ask you for certain guarantees such as having a stable income.
The payday loan is often considered a last resort because it is much more expensive than other types of loans. Indeed, you must fully repay it on your next pay at the risk of seeing your financial worries accumulate. In addition, once the loan is paid you will not have much money left to live.
Need money: avoid bad buying habits
When you need money to pay your bills, applying for a loan is a quick fix. However, to avoid using this type of borrowing too much, we recommend that you adjust your expenses by avoiding bad buying habits and by saving daily.