Life sometimes throws us all curveballs, and emergency loans help us handle them.
While some events can be avoided or predicted, not all are so controllable. These curveballs can be quite a challenge to handle financially, especially if you don’t have a nest egg saved up ahead of time.
Since most people in America live paycheck to paycheck, Personal Money Network understands the value and necessity of emergency loans at times.
That’s why we offer emergency loans for all kinds of people, even people with bad credit. Emergency loans are tools when used appropriately to facilitate financial stability. In the right circumstances, emergency loans can stave off foreclosure or let you keep going to school. In other cases, emergency loans can help you keep your job!
Best of all, Personal Money Network’s emergency loans help is easy to apply for, and you’ll get results very quickly.
What is an Emergency Loan?
An emergency loan is one that is needed very soon! Of course, if it wasn’t an emergency, you might not need a loan and could have saved up over time. But life isn’t always so predictable, and things crop up every now and again that challenge our financial stability.
Emergency loans are great solutions to help get you the money you need quickly in the event of a sudden disaster or a new development. These come in amounts ranging from $100 to $1000 depending on your financial need.
During your loan application, you’ll be able to specify precisely how much you need and this will determine your rate of repayment and any potential fees that you may need to account for when signing the contract.
Emergency loans are best thought of as financial stepping stones from one stable spot to another. Bad credit loans are always available from Personal Money Network should you need one.
What Are Emergency Loans Used For?
Emergency loans are last resort measures to help protect your home or family in a financial crisis. They can be significant monetary infusions when the going gets tough or when you suddenly require a lump sum to take care of an immediate problem.
Emergency loans are most commonly used for:
- paying to repair your car, which you require to get to work
- paying for a medical bill in the event of injury
- getting a little extra money to make rent or utility payments for the month
All of these events aren’t necessarily things that you can plan for. Personal Money Network understands this and is dedicated to helping you solve the problem.
Emergency cash loans are used for good things, too. They can also be utilized for happy occasions or for making quick developments in your life. For instance, you might also use emergency loans for:
- securing one last semester of college before graduation
- giving an immediate gift to someone who’s about to travel abroad for several years
- pulling money together for a wedding or the birth of a baby
- unexpected bills or expenses, from medical to automotive repairs
As you can see, emergency loans are versatile and are useful for so many different situations. Personal Money Network takes your reasoning for the loan into account when deciding whether or not to direct your offer to lenders.
Overall, emergency loans can be thought of as bridges to keep you afloat while you continue to work for and practice financial stability. They are not intended for long-term financial stability or as a solution for poor monetary practices, but they can help you maintain your standard of living over the short term.
Different Types of Emergency Loans
Personal Money Network offer several different types of emergency loans depending on your needs.
Payday loans are perfect for people who need a little extra money to make it to the end of the month for their next paycheck. Payday loans rely on you agreeing to pay back the loan as soon as you’re paid on your agreed payday. These don’t require credit checks frequently and instead rely on proof of income to determine whether or not you can pay back the loan on time.
Emergency loans are perfect for those who need a quick cash infusion. These loans are designed to be can be paid back very quickly. They are perfect for emergency car repairs and similar scenarios where you’ll be able to pay the loan back soon after receiving the money.
Do Emergency Loans Require Credit Checks?
Some emergency loans require hard credit checks, while others require soft credit checks or no credit check.
Hard credit checks are a look at your credit score and use this as a metric to determine whether or not your application is acceptable. Soft credit checks are the kind that Personal Money Network uses. These are more flexible and other aspects into account when determining your fiscal responsibility. This allows people who may have subprime credit scores to still receive an emergency loan when they need it most.
What Are The Requirements
Emergency loans also require some other things for you to receive the loan. These things are:
- an open checking account in good standing
- some form of identification like a driver’s license and 18 years or older
- a phone number and email address
- consistent work history, which may be used in conjunction with a soft credit check to determine loan worthiness
All of these aspects are used to make the process of getting an emergency loan fast and easy and make your application more likely. The checking account is required so that Personal Money Network can deposit your loan into your bank account as quickly as possible once you’re approved. This is much faster than sending your money by mail or by check, as deposits are usually processed in about 1 business day after approval.
How to Apply
Applying for an emergency loan is very easy. All you need to do is fill out a loan application on Personal Money Network’s website, and you’ll receive an approval decision very quickly, usually within minutes.
In some cases, this may take longer, but your results will always be quick when compared to other lenders. You’ll receive a contract to read and sign and your cash will be deposited fast.
Both the forms and the contracts are streamlined and designed to be easy to read and navigable even if you don’t have a degree in legal writing!
This fluid system allows people who need money truly quickly can get it with Personal Money Network. You won’t have to wait for up to a week or more to get your “emergency” funding. Instead, Personal Money Network will get you your cash advance ASAP!
When Will You get your Emergency Loan?
Personal Money Network doesn’t rely on outdated methods like waxing or mail to get you your money quickly. Instead, you’ll get your personal loan amount in your checking account about 1 business day after loan approval. This means that it’s truly an emergency loan.
The process wouldn’t work if it took too long for you to get the cash you need ASAP. Keep in mind that this process begins once your loan is approved, so if you want to get your emergency loan quicker, it’s important that you fill out a form and start the process right away.
The process of applying for your loan only takes a few minutes, and you should hear back from us very quickly.
We’ve Handled These Loans Before
Personal Money Network has helped thousands of people achieve financial stability in times of crisis. These desperate moments happen to everybody, and we know how stressful they can be if you don’t have a proper way out. That’s why we’re dedicated to providing you with the right emergency loan to handle whatever problem you may have.
We’ve assisted people who need help with their mortgage or with their rental and utility payments, just as we help students pay their tuition on time or get enough money for books and other school supplies. It doesn’t matter what your ages for your occupation; we’ll help you just as we’ve helped thousands more in their moments of need.
Our lenders understand what you’re asking, and that’s why we’ve become some of the most trusted lenders online. We’re faster and more reliable than our competitors. With our emergency loans, you’ll actually get your cash infusion within a few hours or days from form approval. We’re perfect for sudden situations where you need money now!
Contact Us Today!
If you’re in a financial pinch, don’t worry. Personal Money Network is ready and able to assist you with all of your loan needs. We’re dedicated to finding the right emergency loan amount for you and to getting it to your bank account as soon as possible. Contact us right away to get started!