How Car Title Loans Can Help with Emergency Home Repair

You're not happy about it, but you need to make an emergency home repair. Unfortunately, your insurance doesn't cover it, or the deductible is too high to afford. Meanwhile, your property is getting worse, and there's no end in sight. That's because household renovations are expensive, and there's not always room in the budget for unplanned spending.

Why Is Emergency Home Repair So Expensive?

Paying for a repair at your house can break the bank, but ignoring it is impossible and irresponsible. It doesn't help that things are so costly. In fact, there are at least three factors that affect the final price of your home renovation:

1. Tools and Supplies

Home goods and building supplies aren't cheap. Even if you buy wholesale or try to cut corners somewhere, the average home repair project costs thousands of dollars. And for some homeowners, that's not even close to being in the budget.

NOTE: Many home repair products are priced at a premium for consumers but sold at a discount for contractors.

2. Labor Costs

Nobody wants to work for free. Most construction contractors charge between $30 and $80 per hour, depending on the work that needs to be done. And even if you DIY some of the damage, your time is equally as valuable as theirs.

NOTE: Some companies even charge their clients to look at the house for an estimate.

3. Unexpected Expenses

Not all home repair projects are quick and simple. Typically, there's at least one unpleasant surprise or underlying issue that you must fix as well. That can add to the total cost and completely blow the budget out of proportion.

NOTE: Many household problems originate from something bigger than the issue that initially caused alarm.

How to Pay for an Emergency Home Repair without Going Broke

If it's hard to imagine yourself paying for all of that straight out of your main bank account, don't worry. Most people feel the same way. The mere thought of having to dump your savings into an emergency home repair is stressful, let alone actually doing it. So, it's important to find some ways to avoid all that if you can. Here are 4 tips to help you get started:

1. Write the Repairs into Your Budget.

This may require you to rethink how your money is spent, but owning a home is a big responsibility that requires sacrifice. So, start putting back some cash for times like these and never run into this situation again.

NOTE: Something as small as $20 per week can add up more quickly than you realize.

2. Put Some of the Items on Your Credit Card.

It may seem counterproductive, and in many ways it is, but paying for some of your emergency home repairs on a credit card can buy you some time. It's also a great way to rack up the travel points after the work is done.

NOTE: Pay your monthly bill in full to avoid spending extra on finance charges and/or late fees.

3. Reuse a Few of the Supplies If You Can.

An emergency home repair doesn't always require brand-new stuff. In some cases, you may be able to recycle some of your supplies like flooring, light fixtures, appliances, and old paint.

NOTE: Watch a few home renovation channels for some ideas, instructions, and inspiration.

4. Use Car Title Loans to Pay for the Rest.

Car title loans can help you pay for an emergency home repair without waiting for the bank, maxing out your credit cards, or ruining your credit score. Usually, you can even keep possession of your car as long as the loan remains in good standing.

NOTE: You must be at least 18 years old to qualify for car title loans in Missouri.

Paying for an Emergency Home Repair with Car Title Loans: What You Need to Know

Did you know that a Missouri car title loan can get you as much as $15,000 on the same day you apply? Try doing that at a traditional bank. Meanwhile, the process is swift and easy. Here's how it's done:

1. Submit an Online Form

Go to the Main Page and find the red button that says “Apply Now”. You’ll get to choose to either apply online or by phone as well as the type of loan you need. After this is done, a short inquiry form will open up. Fill it out and click “Submit”. Then, an agent will contact you shortly with further instructions and a list of what you'll need to bring.

2. Get Your Required Items Together.

Gather what the agent requested and then head to the office to complete the deal. Here's what you'll want to have when you get there:

• The vehicle itself for a quick appraisal
• Your driver's license or a state-issued photo ID
• The lien-free title of the vehicle (in your name)

3. Sign More Paper and Get Your Cash

After the representatives performs a quick inspection of your vehicle, you’ll talk to him about the repayment plan. And if everything seems good to you, sign a few more papers and get your cash.

Apply for Your Title Loans Today!

Remember, home repairs are one of those problems that can escalate if postponed dealing with right away. Don’t let your home repair issues get worse and cost you more in the future. Take care of them now by getting your quick cash with Missouri Title Loans, Inc. Submit your inquiry today to get your cash in as little as 30 minutes!

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.