The Ultimate Financial Emergency Checklist

Financial emergencies are a fact of life, no matter how well you’ve budgeted for the month. When you least expect it, life will throw you a curveball that’s not only causing you a great deal of stress, but it’ll also hurt your wallet. Sure, that might sound scary to most people. But you can take steps to prepare for such situations and hopefully reduce a full-blown emergency down to just a minor inconvenience.

Here are the five tips that make up our ultimate financial emergency checklist to help you tackle your next financial emergency. We’ll also show you how you can secure fast financial relief through title loans, Missouri.

List Down Possible Financial Emergencies

While it is hard to predict when a financial emergency may take place, it’s not that hard to figure out what form it may take. The first thing you need to do to prepare yourself is to make a list.

Take some time and write down all of the potential financial emergencies that you know might happen. Then, rank them according to the probability of each of them happening. For example, if you drive an old car, the risk of a total car breakdown as your next financial emergency is much higher for you.

Estimate The Costs of Each Type of Financial Emergency

Once you know what type of financial emergencies you are bound to face next, then you can start to do the math. Think about how much it might cost to deal with that kind of emergency in particular. To use the earlier example, you could have a chat with your mechanic about how much car spare parts might cost for you.

For example, you could figure out how much an engine overhaul would cost. Then, you can set aside enough money to pay for it in your emergency funds.

Prepare Emergency Funds

Now that you know what you might face, it’s time to prepare your emergency fund. The amount that you choose to save is entirely up to you, though many financial gurus will have different recommendations. Some suggest keeping $1,000 at all times. Others recommend building that amount up to 3-6 months’ worth of your monthly income.

Make a Contingency Plan

What makes a financial emergency so stressful? It’s all the confusion and uncertainty. You can reduce those things by preparing a contingency plan. Write down the exact steps you’ll take if or when a financial emergency takes place.

Use Title Loans For Financial Shortfalls

Even with all of the tips above, financial emergencies can still surprise you. The actual cost may turn out to be higher than what you estimated. Or, worse yet, you may face several financial emergencies at the same time, which isn’t too farfetched given the way this year has gone.

If that happens, you can always rely on car title loans to help you fill in the gaps and get you through your financial emergency. Here’s how they work.

Advantages of Title Loans

When you conduct a search for title loans near me, one of our many store locations will pop up, ensuring that you’re never far from fast financial relief and there are a few advantages to them that you can benefit from:

• The application process is quick and easy.
• Once the lender approves your application, you’ll get your money on the same day!
• You can secure a loan regardless of your income type.
• You can still drive your car around as usual.
• Your credit score doesn’t matter because we welcome all credit – good, bad, and even nonexistent.

Why Your Credit Score Doesn’t Matter

Traditional loan types obtained through banks will conduct thorough examinations into your credit history and, oftentimes, your eligibility is entirely dependent upon your credit score. With online title loans, your loan is based on the value of your title which is why we overlook your credit score. Your title determines how much money you’ll receive, with a maximum being $15,000.

 

 

 

How to Apply For A Title Loan

Applying for an online title loan in Missouri is as easy as 1-2-3. Here’s how you get started:

• Fill out the short online form that can be found on our homepage.
• You’ll receive a phone call from a loan representative who will schedule a meeting to inspect your car. Here’s what you’ll have to supply in order to secure the funds:
  • Your driver’s license
  • The title to your vehicle
  • A blank check to your bank account
• During the meeting, your car will be inspected, and you’ll fill out the paperwork.
• The funds will be deposited into your bank account for you to use as you see fit!

During a financial emergency, you need reliable help from a lender that understands your needs. That’s precisely why we’ve streamlined this process to make it as easy and painless for you as possible. Thanks to the quick and easy application process for car title loans, you won’t have to worry about finding the money to get through your emergency because you’re never far from finding car title loans.

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