Replacing Broken Appliances When You're Short on Cash
A broken oven/stove, refrigerator, water heater, or furnace can affect your day-to-day life. Without an oven or stove, you’re facing takeout or quick microwave (if you have one) meals. You need a refrigerator and freezer for safe storage of perishables and frozen items. Try living without hot water or heat in the dead of winter! When these items break down, the repairs, if the issue is even fixable, can often be as costly as replacing the item. If you’re short on cash, you don’t have time to wait weeks or months to come up with the money needed to replace an appliance. An installment loan is often the best solution to your urgent issue.
Benefits to Fast Cash Loans
You may have heard some negative things about fast cash loans, but in some cases, especially when you need money in a hurry, they are very beneficial. After applying for a cash loan, you do not have to wait days, weeks, or even months for approval, as you often do with home equity, personal, and refinance loans. The application process is not slowed down by things like home appraisals and underwriting. Once approved, you have the money the next work day.
Consider an Installment Loan
If you’re in a rush, an installment loan is a great way to get the money you need, usually up to $10,000, for a low monthly payment that’s made over the next few years. Most loan terms range from two months to five years, depending on how much you need to borrow. If you get a raise or come into some money, you can pay back more than your monthly payment without penalty.
With an installment loan, you can get the appliance you need for a monthly payment that you can manage on your current salary. As the money is in your pocket within as little as one business day, you’ll have the appliance you without having to wait.