Being faced with an unexpected car repair bill can be a really stressful experience. It’s made even worse when you don’t have any money put aside to deal with it, meaning you’ll probably have to find a way to borrow money quickly. Here, we’ll take a look at some of the best ways to get some quick cash to pay unexpected bills.
Payday loans are often seen as an easy way to borrow money for the short term. However, we strongly advise against the use of these, as they come with huge, extortionate, rates of interest. In fact, the interest rates seen on these types of loan is often over 1000%, meaning paying the loan back soon becomes more and more difficult.
A better option for those looking to borrow some cash quickly is to use an online independent lender, rather than visiting the bank. One website which can be used to compare the differences between online lenders is https://vippinurkka.fi/ilmainen-pikavippi/. On this website, you can choose how much money you wish to borrow and for how long. This means you can get a deal which is tailored to your exact needs, and you can choose how much you can afford to pay back every month.
With online lenders, you can quite often apply even if you don’t have a great credit score. Many companies loan money to those with poor credit scores, and some don’t actually need to know what your score is at all. This makes them a great option for those who don’t have much history of borrowing money or using a credit card.
If you are facing a large bill as the result of an accident, you should first check what is covered with your insurance. You might find that the total bill is greatly reduced after your insurance pays out what they are due. If the bill is due to a breakdown, you might be able to access services via the AAA. Even if you are not directly a member, some credit cards offer membership as a reward, so you might be covered for some situations.
It’s also worth trying with the garage where you bought the car from if they can help with any unexpected bills. The car might still be under warranty or have some kind of guarantee which will help cover some of the costs you are facing.
If you do have to pay for the repairs yourself, make sure you shop around to find a great deal. Try a few different repair shops before committing yourself, and you might be surprised how much the cost varies between them. It’s also worth trying trainees and students, who might be able to perform the job at a reduced cost in return for the practical experience. Try giving local vocational colleges a phone before going to a chain repair shop.
You could also try negotiating directly with the person completing the work to see if they can offer you either a discount, in the best case, or at least a monthly payment plan. You could pay what you can afford to begin with, then discuss how much you can give each month. This is worth trying before deciding to borrow money which might result in you landing in greater debt in the long run.
If you can, use your credit card to pay for repair work on your car. Many card companies offer protection against bad repair work, meaning you will be safe if anything goes wrong and you won’t lose out financially. Be sure you will be able to pay it back sensibly though, without getting into deeper and deeper debt.