It’s common for people to have financial problems during the holidays. Unfortunately, many things can happen that will require emergency money at Christmas. Since you’ve spent so much on extra holiday expenses, you won’t have much money left to cover sudden costs.

This article will share why many individuals seek financial assistance during the holiday season and provide you with an option to address your urgent needs.

When To Seek Financial Help For Christmas

Medical Expenses

Many people get sick during the holidays because of the cold winter weather. A cold can develop into a severe lung infection, and the crowded malls and restaurants make it very easy to catch something while you’re out doing holiday errands or attending events.

Unfortunately, this isn’t even the worst medical problem you can face. Studies show that car accidents, heart attacks, strokes, and food poisoning tend to spike during the holiday season.

If you don’t have health insurance, or if you’ve already used up your annual coverage, then you may have to shoulder the cost of any medical bills and essential treatments on your own—and you'll need to find emergency money at Christmas for these urgent needs.

Higher Heating And Energy Costs

It doesn’t help that electricity prices are at an all-time high. Heating costs during the holidays can reach as much as $1,400 depending on your house size and whether you use gas or electricity. The United States Energy Information Administration (EIA) even forecasted that you could spend more than 28% this year simply because of inflation.

House Repairs

If your house hasn’t been properly weather-proofed, the damp air and exposure to snow can cause wood rot and large patches of deadly black mold. And if your roof has been damaged, the snow can seep into the house, causing leaks and electrical damage.

Another typical winter property damage is frozen pipes, poor insulation, heating, or even minor fires caused by candles or faulty Christmas lights. No wonder many spend thousands of emergency money at Christmas on house repairs. It’s a massive blow to the budget, but you can’t afford to put this off and risk your safety in the winter cold.

Car Repairs

The winter isn’t kind to cars. Brake fluid, transmission fluid, engine oil other liquids that keep the car running can freeze, which can cause all sorts of problems to the surrounding parts.

The snow and salt on the roads can get into the motor and cause metal components to corrode. Sometimes, you don’t even know why the car won’t start, and then the mechanic finds many other problems and hands you a huge bill.

If you don’t have emergency money at Christmas, you won’t be able to get your car fixed—and it’s the worst time of year to have no available transportation.

Emergency Travel

Travel is costly during the holidays. It’s peak season, so there’s no chance of getting any discounts. Budget flights have long been booked, so you may even have to get the most expensive seats at the most expensive rates.

However, you may be in an urgent situation requiring you to travel immediately and secure the first available ticket regardless of the price. In that case, you will need emergency money at Christmas---and you'll need it quickly.

Sudden Drop In Income

Some industries, like construction and agriculture, will slow down during winter. Contract workers will have to find other ways to pay the bills, such as part-time work or living off savings.

But with the cost of living (and increased holiday expenses), these funds may only be enough to cover all your needs until you can find work again.

You’ll have to find emergency money at Christmas through a loan that won’t require you to show proof of employment.

Annual Fees

When it rains, it pours. Aside from extra holiday expenses, you may have some hefty annual fees due this time:

• Annual insurance payments
• Tuition
• Membership dues
• Subscription fees
• Anything that requires a lump sum payment

If you can’t save money for these annual fees, you’ll have to figure out how to raise the cash before you miss the payment deadline and incur additional charges.

How To Get Emergency Money At Christmas

Carolina Title Loans, Inc. offers an installment loan with fast approval if you need money ASAP. You can borrow up to $1,500 and pay it off over several monthly payments.

Easy Inquiry

You don’t have to line up at the branch to inquire. Fill out our online form, and one of our loan representatives will call you to explain more about the installment loan process and answer any questions.

Fast Application

Here's how our quick application process works:

1. Visit your nearest Carolina Title Loans, Inc. location.
2. Bring the following documents to your branch:

• • Driver’s license or state-issued ID
  • Your most recent pay stub
  • A valid checking account statement from an account under your name

Our loan representatives will quickly review your items and let you know if you're approved in as little as 30 minutes.

Fast Payout

Once the installment loan is approved, you get the money the same day or the next business day. We know you need your emergency money at Christmas fast, so we work hard to ensure you get the help you need quickly.

Start Your Application

Find out more about how to qualify for an installment loan. Fill out our form and take the first step towards raising emergency cash this holiday season.

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