As humans living in a vile world, life is the only thing that happens to us.
Your personal finances are a perfect example of this because, even while you sit and plan out your daily budget that usually covers all, if not most of all, your regular expenses, life always has a way to get in the way of all these.
Your water heater could suddenly just burst, your favorite puppy dog could swallow a rubber band, or your car could suddenly develop an issue.
How you deal with all these is totally on you, but still, we at InstantPaydayNV are not here to leave you all alone with all your pending unexpected expenses.
Types of Unexpected Expenses
Unexpected expenses could come in many different forms. For example, it could be in the form of bills you don’t necessarily have to pay monthly.
Such bills include your quarterly property taxes, medical checkups, your auto insurance premium payment, which usually comes up every six months, and lots more.
Expenses like these come in as unexpected expenses when, even by knowing about them beforehand, you are most likely to forget about them due to the many activities you tend to go through daily as an individual.
This, in turn, could incur late payment fees and cause further damage to your credit score or rating.
But still, unexpected expenses are elementary to get by via proper planning, budgeting, and management.
On the other hand, unexpected expenses that come up suddenly out of the blue are the ones we should be most worried about – these kinds of expenses are also called emergency expenses.
An emergency financial expense is one that you can never predict.
This includes medical expenses, car repairs, household repairs and maintenance, unplanned travel expenses, unplanned gift items, party expenses, and lots more.
Why Do You Need an Emergency Fund?
There are so many reasons why it’s essential to keep emergency funds; some of these include:
By keeping emergency funds on standby, you are always sure never to get caught unawares on any of your household monthly expenses and purchases.
As the case might be, just a single emergency expense can put you off balance with your monthly planning and thought-out budget, but when you know that you have funds somewhere that you can always fall back to, you will never be worried.
#2: To Consolidate Reckless Spending
Now, sometimes, we are the ones to blame whenever we fall short on any of our routine expenses. This could be as a result of an improperly planned and thought-out budget.
Most of us are aggressive shoppers – we’ve been known to buy anything that crosses our path, even though we know we don’t necessarily need it at that point.
This poses a major threat in our personal expenses and finances. Thus, there needs to be a more effective way to consolidate for this kind of reckless spending, which is where emergency financing comes in pretty handy.
Emergency funds can be used to effectively consolidate all your reckless spending and put you on track with all your finances and household expenses.
#3: It Prevents Further Emergency Expenses
As the popular saying goes, “a stitch in time saves nine.” Thus, you don’t have to wait for situations to escalate beyond your control before you start looking for ways to fix them.
Prevention is better than cure!
That cranky noise you keep hearing when driving in your car, don’t you think now is the best time to have it resolved? Or are you waiting for everything to spoil beyond your control to have it fixed?
An emergency fund can, thus, help you take care of whatever emergency before it even happens.
So, while you think you can keep managing your faulty brake pad, it’s best to opt for an emergency fund to have it fixed before it can cause further damage to you or your car.
#4: To Avoid Shame
We are almost all very guilty of this!
You could decide to pay a visit to one of your family relatives and realize that it’s your little nephew’s birthday and he is just turning six (6) that day – what do you do?
Do you just fold your hands and watch him give you those giggling eyes, expecting a gift or something, as one of his most favorite uncles? Or do you just decide to wow him with a birthday gift straight out of the blue?
Well, that is left for you to decide!
Best Strategies to Deal with Unexpected Expenses
While most people would typically consider credit card financing over online payday loans guaranteed approval when dealing with unexpected expenses, this can prove extremely hazardous if you are not very careful.
Credit card debts, when accrued, can be pretty difficult to pay back.
This will just force you to get another credit card to help finance the payment of your older credit card debt, and the debt cycle continues.
You can get a simple $500 payday loan guaranteed offer today to help with your pending emergency, and even if you’ve got poor credit, it doesn’t matter at all.
Our no credit check loans guaranteed approval offers are always available to give you all the funds you need and when you need them.
You don’t have to ever feel pressured or dissipated when dealing with any emergency expense.
Most times, these expenses help to teach you how to properly structure your finances to suit them whenever they come up.
Fortunately, these are risks that you can avoid yourself.
However, while most people feel confident that unexpected expenses are things that can always be avoided, the certainty of that is totally vague and one that is not to never be relied on.
With our no credit check loans guaranteed approval offers here at InstantPaydayNV, you can get the least $500 payday loan guaranteed in your bank as soon as today to help deal with all your pending unexpected expenses.
We are here to assist you in finding a reliable moneylender to solve your financial troubles without much hassle. Using our experience in the field, we will provide you the required guidance to apply and get a personal payday loan in less than 24 hours.
Short term loans are emergency credit loans that have been designed for short term financial issues.
The loan amount is small and limited to a fixed upper limit. The loans are exclusively created for the short term and will become expensive burdens when extended and used for long-term purposes.
The operators of Instant Payday NV are not lenders. We are neither a bank nor a financial institution.
We are not involved in the process of making credit-based decisions related to lending, offering loans, or collecting repayment.
The website has been created to act as a bridge, a connecting agent between the applicants and the moneylenders.
We do not charge any fee to process the loan application or help our customers find a reliable match for a loan from a third-party lender.
We do not oblige any user/ customer to contact the lender or to accept a loan application.
The data present on the website related to short-term loans and the industry practices are for information purposes only.
Instant Payday NV does not collect, store, or access the details related to fees and charges levied by the lenders.
We do not endorse any of the lenders in the network.
Short-term loans are not available in all states. Not every lender in the network can offer a loan of up to $1000.
We cannot guarantee that the loan application will be approved by a lender.
Instant Payday NV also cannot guarantee that every application will be successfully matched with a lender or that the lender will provide the applicant the loan amount.
The lenders might perform a credit check through one or more credit bureaus (which include but are not limited to the major credit bureaus) to determine the reliability of the applicant.
The lender will also need to perform other verifications such as confirming the social security number, national ID, driving license number, or any other identification documents submitted by the applicant.
The terms of the loan proposal depend on the lender and various factors such as the federal laws and state laws, or industry regulations.
The terms and conditions of the loan proposal will vary from lender to lender and from one application to another.
APR (Annual Percentage Rate) is the interest rate calculated per annum for the loan. Instant Payday NV is not a lender.
We do not have the required information pertaining to the rules, regulations, and terms used to calculate APR by individual lenders.
APR calculations vary from one lender to another, one state to another. They also depend on various factors that decide the APR of a loan. The credit rating of the applicant can be one of the reasons.
Any other additional charges including but not limited to the origination fee, late payment fee, non-payment penalties, or non-financial that include debit collecting actions, late payment reporting, etc. come under the responsibility of the lender.
Instant Payday NV has nothing to do with the payments charged by the lenders or the action taken by them.
We do not maintain any information regarding the same. The charges and actions are to be fully
disclosed by the lender as a part of the loan agreement. The calculation of APR is the annual rate and not the financial charge of the product.
Implications of Late Payment
We highly recommend our customers to contact the lenders to enquire about the possibilities of late payment.
In the case where late payment is considered possible, the late payment fee is applicable and implied.
The laws of the state and the federal govern the cases of late payment fees and vary vastly.
All details related to the procedures and costs associated with late payment are disclosed in the loan agreement.
Customers should carefully review the terms before signing the contract.
Implications of Non Payment
In case of nonpayment of the loan, both financial and nonfinancial penalties may be implied.
The charges for nonpayment and late payment are disclosed in the loan agreement.
Additional actions related to nonpayment’s such as renewals or extensions can be implied upon given consent. The terms of renewal are disclosed in the individual loan application. Additional renewal charges may also apply.
Lenders may perform debt collection practices.
The practices are adjusted as per the Fair Debt Collection Practices Act and any other federal or state laws related to the industry to ensure that the customer or the loan applicant does not end up being a victim of unfair trade practices.
Most of the lenders do not use outside debt-collecting agencies to recover the loans. They use in-house methods to collect the debt from the applicants.
Late payment and nonpayment of the loan might have a negative effect on the credit rating and further decrease the rating.
This may cause them trouble over time. Lenders may report to credit bureaus such as Experian, Equifax, Transunion, etc. In such instances, the late payments and nonpayment’s may be recorded and remain in the records for a certain period.