emergency fund money

How Do You Get Emergency Money?

Everyone runs into financial emergencies from time to time. Even the most prepared people can find themselves suddenly struggling to make ends meet. So, learn what emergency money is used for, understand why you need it, and then find ways to get it as soon as possible.

You get emergency money by being smart with your finances, it's as simple as that. However, there are many different ways to be wise with cash. For example, get a lump sum to pay off old and/or large debts and reserve some funds for life's ups and downs.

What Is Emergency Money Used For?

Emergency money can be used for many different things depending on the situation and the severity thereof. For instance, some people might use their spare cash to prevent eviction or foreclosure on their homes. Others may funnel the cash into home repairs, insurance payments, old debts, late fees, or medical bills. The average family in the United States has less than $3,000 in savings, with a credit score of about 700 or less and a budget that barely stretches from paycheck to paycheck.

When You Might Need Emergency Money

Believe it or not, everyone needs emergency money sometimes. Life is unpredictable, which means none of us ever know what will happen next. You must be prepared with a stash of cash just in case. And here are the top 3 reasons why.

1. Loss Of Income

Losing your job can cause quite a problem in your financial portfolio, especially if you have important bills or debts to pay. However, you could lose your income or have it significantly reduced at any time and for a variety of reasons. In 2020, for example, over 20.6 million people lose their employment status as a result of the COVID-19 pandemic.

2. Illness Or Injury

You could get sick or injured and then not be able to work as much. That, in turn, may make it difficult for you to make ends meet, let alone save up some money for emergencies. That's why you should build an account before you need one. Expert economists suggest saving at least three months of living expenses just in case something bad happens.

3. Unexpected Travel

It's hard telling when you might have to get up and go somewhere unexpectedly. Meanwhile, traveling can be expensive and you don't get to work while you're away. So, an emergency stash can help you take care of it all without turbulence. The average airline ticket can cost anywhere from $100 to $1,200 depending on the location.

You may not need to go anywhere, your job may be secure, and your health may be perfect, but that still doesn't mean you'll never need extra money. In fact, over half of all adults report experiencing a cash flow emergency at least once in their lives. That includes people who stay frugal at all times too.


title loan money


Get A Title Loan For Emergency Money Fast In South Carolina

If you live in Carolina and need emergency money as quickly as possible, what are you supposed to do? Better yet, how can you get approved for a loan when your credit is bad? Most banks turn you down as soon as you apply because of your credit rating, so what gives?

The answer to both of those questions might be surprising, mostly because it involves getting a title loan to pay for what you need. A title loan requires you to use your vehicle’s title as collateral. Taking care of things with a lump sum payment helps avoid late fees and negative marks on your report. At the same time, it allows you to handle major catastrophes without ruining your financial future.

Just remember you must be at least 18 years old to get approved for a title loan in Carolina. You also have to outright own your vehicle and have a lien-free title. Once you meet these requirements, you can go online and get started on our simple and convenient process.

How To Get A Title Loan In South Carolina

It's easy to get through our title loan process in Carolina Title Loans, Inc. for a title loan. The process only requires a few steps and you can get paid on the same day you start. So, here's what you should do today:

  1. To start, go to our website and fill out a short intake form. Once the form is submitted, a loan representative will give you a call. They will give you further instructions and you can give them a location if you’d rather them come to you instead of you going to the nearest title loan location.
  2. Whether you come to us or we go to you, you have to bring the required items to get approved. Make sure to bring your vehicle for a quick inspection, the lien-free title to the vehicle, and your driver’s license or state-issued photo ID.
  3. Let the loan representative assess your items and inspect your vehicle to determine how much you could qualify for. They will then determine if you qualify for approval. If you do qualify, they will help you finish the paperwork and get you the cash that day or the next bank business day.

Get The Emergency Money You Need

How do you get money in an emergency? It's much easier than you think, even if you have bad credit. It is important that you prioritize getting money for emergency situations. A title loan from South Carolina can help you get the quick cash you need for those emergencies. Fill out our online form when you are ready to go through our process.


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

Daniel Dewitt

Daniel Dewitt is a lifetime blogger with a finely-honed ability to break down, analyze, and interpret economic trends for the layman. He's fiercely invested in spreading financial literacy and helping everyday people gain the tools they need for their own economic success.