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A Personal Line of Credit Puts a Stop to Your Cash Shortage

We all have a plan when it comes to our finances. Regardless of how close each of us are to following it, we mean to pay for the things we need and build up good credit while doing so. Some Americans find this easier to do than others. Whether by luck, merit, or some combination of the two, some individuals have enough income in order to follow their plans. Unfortunately, there are plenty of Americans who don’t. They have just enough income to cover the expected demands on their wages, like monthly withdrawals for rent, groceries, and utilities. When unexpected charges, like hidden fees on a new credit card or unavoidable household repairs,are added to their budget, these individuals are left adrift when it comes to their obligations.

If you’ve ever had to live paycheck to paycheck, then you know how it feels when a single bill throws off your financial plans. The word stressful barely begins to cover it. If you’re unlucky enough to experience several bills or repairs all at once, then stress can turn into despair as you wonder how you’ll cover not one but multiple responsibilities you can’t afford. Waiting until your next paycheck until you have enough saved up isn’t a realistic solution. Even if you had enough money set to be deposited by your next payday, you’ll end up waiting well past due dates, accruing steep penalties and additional interest for each day that passes — a process that will eventually damage your credit rating.

Solving your money problems on your own isn’t always possible, but no one ever said you had to do it single-handedly. There’s always some form of financial assistance waiting for you. It’s just a matter of finding one that matches your current needs and capabilities. Those who are struggling to make ends meet when faced with surprise expenses tend to have subprime credit ratings¬ — a predicament that can limit your access to cash when you need it. But it doesn’t prohibit you completely from borrowing money. There are online direct lenders that can help.

Online direct lenders provide the average American with quick and convenient access to cash in a variety of ways, regardless of their credit rating. The size and term of your loan will depend upon which state you call home, as each state has different laws regulating the limits of cash advances and lines of credit. In order to ensure the loan you end up securing follows these laws, you should check that your local online direct lender can prove they’re in possession of a state license. Lenders should be proud to provide this accreditation, and it should be displayed prominently on their website like it is on the homepage of MoneyKey.

If you live in Kansas, Maryland, or Missouri, then MoneyKey personal credit lines are reliable sources of cash that follow your state’s regulations. Offering $1,000 with a repayment schedule that follows a minimum monthly payment, this particular financial product is an effective way of covering a cash shortage — whenever it may happen. You’ll be given the total loan and only have to pay back the parts that you’ve used (plus interest) when you use it. That means it can sit in your financial arsenal for as long as it takes for the next unexpected bill or household repair to threaten your budget.

In a pinch, it can act like the savings you never had, and its minimum monthly payments means its repayment won’t jeopardize the balance you’ve created with your finances. As long as you stick with a state licensed online direct lender, you’ll be given rates, terms, and conditions that abide by the law, meaning they’re more likely to fit your needs and capabilities. Unexpected bills may surprise you, but with the right financial product you can make sure it doesn’t completely upset your budget.

About Stephanie

Stephanie Rosen is a financial market analyst and a blogger. She writes about stock market and investment opportunities around the world. You can find her latest ideas on here. Just signup our news letter today and receive regular updates of Stephanie.