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How to Cover Sudden Expenses With No Emergency Fund

Have you ever found yourself slapped with a sudden expense but had no money on hand, or no emergency fund? If you live paycheck to paycheck, then you know the feeling.

It’s a horrible feeling when you’re short on cash and are expected to make payments on necessary bills. Bills that have strict due dates will incur expensive late fees if you go over them. When you’re already strapped for cash, the last thing you need is to owe even more just because your paycheck schedule doesn’t coincide with your expenses. Luckily, there’s help! Sometimes a small dollar loan is a perfect solution for those weeks when you’re a little short.

A small dollar loan should never be considered as a long-term solution to your financial burdens. It is typically a small sum of money ranging from $200 to $500 that you can use to cover bills and minor repairs between paydays, and that you are expected to pay back at the time of your next scheduled paycheck.

You should never find yourself relying on these types of loans every time you need to pay a bill or make a purchase. When you apply, you should speak with a representative of the lending company to make sure that a cash advance is the correct option for you.

During your meeting, you can agree upon terms that are specific to your pay schedule. For those of us who can’t repay an advance back in one lump sum within a month, there are other options available. A flex-pay installment loan allows you the breathing room to pay back your loan in regularly scheduled smaller payments. If you go to, you can see how this option can be tailored to your specific financial situation.

A reputable online lending company will have your financial health in mind and will help facilitate responsible financial decisions on your part. They will have responsible lending policies and will strictly follow your state’s laws and regulations regarding lending practices.

By working together, you’ll arrive at the loan that’s best for your situation. With helpful and friendly representatives, these lending companies never trap you in a loan that you can’t repay. The representatives will disclose all fine print to ensure you understand your contract, and the best companies will even allow a cancelation of your loan within 24 hours in case you change your mind. This is because they understand how difficult it can be when you need to rely on cash advances.

Once you’ve decided what’s right for you, small dollar loans are easy to obtain. Typically, when dealing with a major financial institution for any kind of loan, you are required to present documents verifying your financial history, credit scores, and income.

With a reputable advance money lending company, it’s much simpler. You must be a minimum of 18 years of age with a regular source of income and an active email address. If you have all of these you can then apply.

Depending on your preferences, you can do this by going online or speaking on the phone with a representative. After the application is sent, you will know in a matter of seconds if you are approved and how much you can borrow. Quick and easy, you’ll have the cash you need to pay off unexpected bills and the stress release of coming up short between paychecks.

Have you ever had to take out a small dollar loan to help you make ends meet?

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Erin Thompson

Erin Thompson spent years managing her own blog about budgeting and debt. Because of that, she has great insights not only about managing spending and borrowing but also about running websites profitably. When she's not writing articles for us, she's traveling and looking for new types of wines to try.
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The content on is for informational and educational purposes only. It is not financial advice and we are not certified financial advisors. strives to keep its information accurate and up to date, but it may differ from actual numbers. We may have financial relationships with companies listed on our site. We may receive compensation for the placement of sponsored products or services. We work hard to write authentic and accurate articles.