Title loans are often used to quickly handle a variety of financial emergencies that inevitably spring up when least expected. Unlike a traditional bank loan, title loans can be taken out at a moment’s notice and are very easy to be approved for. For this reason, title loans are used by a wide variety of consumer demographics and parents are perhaps near the top of the list. Here are the top five things moms and dads are using their title loans cash for:
Financial emergencies can strike at any time. Unfortunately, parents happen to be an easier target than others. There’s nothing quite as stressful as being a single parent with a financial emergency to contend with. Many Americans are living from paycheck to paycheck and don’t have an emergency savings to lean on. This is why a title loan could help provide them with some relief when time is not on their side. They’re quick and easy to get and could put extra cash in their pockets in as little as 30 minutes.
We’ve all been there. That time when you’ve spent your last dollar and payday is still a ways off. It’s never fun being broke until payday, and it’s even less fun when you have mouths to feed. This is why parents turn to title loans to help them fill the payday gap so their kids don’t have to go without.
Cars have a tendency to break down when we least expect them to. One minute you’re driving to work when all of a sudden, your check engine light comes on. It’s an annoying inevitability that we can all relate to, yet nobody sees it coming when it happens. Even worse, the mechanic’s bill is almost never a cheap one. If you’re a single parent with car repair issues, a title loan could help to keep you behind the wheel so your life doesn’t have to come to a screeching halt. Before taking your car into the shop, bring it over to your local title loan lender first so you can be prepared to see your mechanic.
For all the moms and dads out there, the occasional babysitter can be an absolute necessity. The need for someone else to watch over the kids while they go to work, run errands or even to take a break for a night is absolutely needed. But babysitting doesn’t come cheap and at times, the necessity for a sitter could come during a cash shortage. Some of the funds from a title loan could be used to pay a sitter when one is absolutely needed.
Lastly and perhaps the most common reason moms use title loans is to cover unexpected bills. When a bill comes through the mail that you forgot you had to pay, chances are, you don’t have enough money to pay it. When it comes to paying bills on time, some bills are more urgent than others. That’s why a title loan could come into play for most parents.
No matter the reason, title loans are a quick and easy way to provide yourself with financial relief so you don’t have to let the struggle run too deep. Whether you’re a parent, a retired senior or even a college student, title loans could be the one thing that could help put your financial emergency behind you in no time at all.