When a disaster strikes at home, you need money fast to solve the damage. It could be a burst water pipe or a broken washing machine. Whatever disaster has struck you, it’s vital that you resolve the issue as soon as possible.
This is easier said than done, though. Sometimes you don’t have the funding to do what you need to do. In this case, your only option is to seek funding elsewhere.
So where can you get money for emergency home repairs?
Take Out a Loan
A loan is the easiest way to get some extra money. But who you approach for this loan isn’t always clear cut. You can forget about going to the banks. Not only do you need a stellar credit score, but it can take weeks and months to receive a decision.
If your roof has just collapsed, this simply isn’t viable. You need to call in a tradesman to fix it now.
The best option is a cash loan. These are the type of loans you can get instantly and with no credit requirements. Let’s take a look at some of the characteristics of these loans:
- High interest rates.
- No need for a credit score.
- Fast approval process.
To make these loans work for you, it’s vital that you look at your finances and make sure you can make the repayments.
We recommend using a reputable company like ukhomeandpersonalloans.co.uk, to ensure you’re getting a fair deal.
Get Help from Family and Friends
If you have the ability to call on it, ask family and friends for a loan. We haven’t placed this in the same category as general loans because the chances are there will be no formal agreement and the money will be lent with no interest and no strings attached.
Take note that just because you know the people you’re borrowing from doesn’t mean you can afford to be lax. Treat them in the way you’d like to be treated to avoid creating any unnecessary conflict.
Take On Extra Work
If you have the ability to take on some extra overtime at work, or even pick up another part-time job, consider doing it. You will have to spend longer working and it may be a little while before you can get the money together to pay for the repairs, but you can avoid taking out a loan.
Consult with Your Boss
If your boss is kind and understanding, they may even advance some of your future wages to you. Request they advance you a certain amount of money a few weeks in advance. Some bosses may be more open to the idea of this than others, though.
The option you take depends entirely on the disaster in question. If you need money immediately, we’d recommend applying for a loan. On the other hand, if you have some time to play with you may be able to avoid taking out any loans altogether.
The path you take is entirely up to you!