Three Bizarre Reasons You Might Need a Fast $5,000 Signature Loan
Thursday, January 15th, 2009Let’s say you live in a place where it snows for three weeks solid - and you end up with six feet of snow piled up on your roof. It may not be long until your roof either collapses or gets seriously damaged by the snow. Expensive repairs require cash, and in the absence of cash you may end up needing a speedy $5,000 loan.
It’s not like you can hang out from December to May with a caved-in roof and a $3,000 per month heating bill as you blow hot air out into the atmosphere. If you can’t write a check for the amount needed to get the roof fixed - a fast short term loan may be the only way you’ll make it through the cold months.
Other crazy things could happen to you, too. As early February draws closer, you remember you’ve promised all your neighborhood buddies that you’ll host an amazing part on the day of the Super Bowl. If you don’t have the high definition 72″ flat screen TV they watched it on last year, you could be faced with the biggest embarrassment of the season.
No - you can’t. And in this kind of emergency the only real option for making sure your neighborhood reputation stays intact is to get some kind of short term loan and buy the kind of TV that will make your friends proud.
Last scenario - the one you hope and pray never hits you or your family. You’re preparing for the holidays and you get word that your grandmother’s sister has passed away. She lives two states away and you have to get your entire family to the funeral.
Airline tickets on such short notice are going to cost a fortune - the total could add up to thousands of dollars. Maybe you have the money in an emergency fund, but maybe you don’t. The only answer might be a signature loan.
Going into debt is never the ideal scenario - and these three situations are totally undesirable. I’m especially unenthused about you going deep into debt for a massive television you only need for a three hour party.
But the reality is you might need to take a banker’s money to get by in life, and if that’s the case then you want to do it intelligently. If you’re smart about how you borrow your one week loan won’t need to last three years.