Are there instant cash debt consolidation loans available online or from direct lenders? Yes, but that may not be the ideal place to begin looking if you are considering the idea of getting a debt consolidation loan. This is especially true if you have bad credit and need to rely largely on bad credit loans with no credit check required.
What is readily available are larger instant cash loans that you can use just the same as debt consolidation loans if you have a little testicular fortitude and the ability to maintain at least some sense of self control.
Many people are going through what are essentially unprecedented economic hardships as inflation rates rise into double digits approaching the age of Stagflation from the seventies and eighties. While the economic crisis in itself is not unprecedented, for many people this will be the first time that they have lived through such a challenging financial time in their life.
There are also many different debt consolidation services available in local lending stores and online, but most of these will charge you what are essentially exorbitant fees for babysitting your money. This is where you must learn to recognize your money habits and change them where necessary in order to ensure you do not merely circle back to the same bad habits and endless cycles of debt.
The first thing you will need to do is to get an accurate picture of all your debt, how much that debt you owe is, and figure out how to save money where you can. Then you can begin looking for ways to consolidate your debt into a single monthly payment.
What Are Instant Cash Loans
Instant cash loans are generally small, short term loans. There are however, a great many online loan services that help you to find direct lenders that will loan you up to $10,000 dollars instantly. In such cases, it may take a while to build up to that level, but it can be done, and these types of instant cash loans are generally sufficient to pay off most of the average debts.
There are also many small, short term secured loans that are used for instant cash and payday advance loans when people need money now. These types of loans may be beneficial in some instances where you just need a quick $50 bucks, but they are not generally acceptable as an alternative to the more traditional debt consolidation loans.
The signature loans are called that because you do not need anything more than your signature to get your money instantly. The secured loans are based on a small percentage of the cash value of the collateral used to secure the loans.
Unless you are remortgaging your house or have large plots of land that may be of value, chances are pretty good that you will not be able to use these secured loans as debt consolidation loans. Given the current interest rates, it is probably not the ideal time to look at home finance loans at all, much less a second or even third mortgage.
If on the other hand you can work with direct lenders who will pre approve you for instant cash loans up to $10,000 dollars you can probably borrow enough money in a single loan to pay off most of your debts. After that it will be up to you to save money wherever you can and to focus on getting out of debt.
What Are Debt Consolidation Loans
Debt consolidation loans are generally loans that are focused solely on paying outstanding debts and do not leave you enough cash on hand to work with from the principal value of the loan. In short, the debt consolidation loan is generally just large enough to pay off your existing bills with nothing left over.
That is actually a very good option for people who are not capable of curtailing their spending and who may burn through tens or even hundreds of dollars every month on impulse purchases. If you are stopping at the convenience store every day for coffee, and you grab that box of donuts off the counter as you pass, and maybe that bag of chips because it is there, debt consolidation loans may be a better choice for you personally.
Can I Borrow Enough To Pay Off And Consolidate My Debt
If on the other hand, you have the capacity to bypass the local Starbucks and even the 7-11 on your way to work every day, can be satisfied with the coffee from home, and do not make a lot of extra purchases, you may be able to focus on instant cash loans that are sufficient to pay off all your debts and leave you with only a single additional payment at the end of the month.
The first thing you will need to do is to determine how much you owe on everything. This is especially true for credit card debts, particularly those with overdue balances. Can you pay off all that debt and how much will you save on the interest payments alone?
Next you will have to carefully examine all your spending. Do you have enough money in your budget to pay off all your routine bills like utility bills, rent or mortgage payments, and other regular bills? How much do you have left for groceries, fuel, and other things you will need to survive with a minimum inconvenience?
Can you live on what would be left after you have taken out an instant cash loan and paid off all your major debts? Do you have the fortitude to live within your budget so that you do not jump right back into yet another endless cycle of debt? If not, there are debt consolidation services that are also available for support.
Can I Get Free Debt Consolidation Support Online
At the end of the day, your best bet is to become self-reliant and to learn to live within a budget and pay off your own bills. This can be exceptionally challenging for some people though, especially those who are already effectively buried in existing debts.
Anyone like this however, may have already lived through a period where they had their wages attached. And if you have been through that experience, you may remember that, unpleasant as it may have been, you did survive. So yes, it can be done, if you have the testicular fortitude and the willpower to make it happen.
There are not many free debt consolidation services online. Most of them will need to be in a position to pay your bills at the same time they are doing the same thing for countless other clients as well. They also need to ensure all those bills are paid on time, and it is a labor intensive process. Whether you focus ultimately on instant cash loans, debt consolidation loans, or free online debt consolidation services, rest assured, there is still at least some hope that you can rebuild a bright financial future.