Needing emergency Finance needn't be a cause for alarm
In an ideal world we wouldn’t need loans for emergencies. But, unfortunately, life is full of surprises and you never know when you might need an emergency loan. While some emergencies may require immediate medical assistance, there are a multitude of other emergencies that can be equally stressful, if not life-threatening. However, whatever the nature of the emergency is, the bottom line is that it will result in you needing quick and easy access to funds.
During these times you may be in a state of shock. Nevertheless, try and deal with professional and reliable people or companies. It will save you money in the long run. If, for example, the geyser in your house or flat has burst, you might panic and make a kneejerk decision to call the first plumber you find in the phone book, without taking time to verify their credentials. The problem may be taken care of temporarily, but shoddy plumbing work can result in more unforeseen expenses in the future.
One of the best ways to minimise emergency costs is to ensure your house and vehicles are equipped to deal with things like fire, heavy rain or breakdowns. For example, keep a fire extinguisher in your kitchen at home and in your car. And make sure your family members know what to do in the event of a fire.
Of course, not all emergencies can be dealt with on the spot. You may, for instance, have to fly to another city or country at short notice, or a loved one might need funds for an emergency medical procedure. There’s not much you can do to anticipate these things. And so you should try and put aside a small amount of cash every month to build up a personal emergency fund. This can help minimise the amount you will need to borrow.
Fortunately, getting an emergency loan from DirectAxis is not an ordeal. As long as you can meet the requirements of the National Credit Act, the application process is usually straightforward and can be done telephonically or online. Once approved, the money can be available within 24 hours.
It’s never pleasant to think about these things. But it is comforting to know that there are options available to you should you ever need finance in an emergency.