One reason why you may get caught in debt is because of the lack of understanding on a need and a want. A want is something desired but you can live without while a need is a must-have in order to survive. Given the higher interest rates that are notable in online lending services, it is only right that you only use “need money now” services for things that you need.
Below is a list of the needs that you need money now for.
1. Utility Bills
You need electricity and gas not only to fulfill your daily duties but also your body needs. If the bill is due and you need money now, come online and submit your loan application. Failure to pay your utility bills on time could result in disconnection and that would ultimately affect your credit score. Also, it’s quite expensive to have your utility services reconnected so facing the interest rates of “need money now” services could have a softer blow on your finances.
2. Home Rental
Having a home is a basic need. So you have to be really religious in making your payments in order to avoid an eviction notice or a foreclosure if you are doing your mortgage from banks. If you need money now to pay for your rent or mortgage, seek a state-licensed provider that requires no credit check and can give you need money now.
3. Car Repairs
“Need Money Now” services can also be your hero when your car is broken and you need money now to fix it. Even if your car is insured and have a comprehensive coverage, some insurance companies only reimburse your expenses in fixing the car while others pay for the fix but it takes long for you to get the money you need to fix your car.
Warning though: It is not advised to use “Need Money Now” services for car upgrades. This is because a car upgrade is no longer considered as a need and you certainly can live without upgrading your car.
Knowing the difference between a need and a want is important before you consider to jump into any online borrowing opportunity. This should help you avoid getting trapped in the debt cycle and get a bad credit history. But if you have need money now to solve an urgent financial problem, remember that you can always seek help from online lending companies.