When your car breaks down, it can create a cyclic problem if you do not have the funds to pay for the repairs right away. You need to make money to pay for the repairs, but you don't have a way to get to work to make money. Sure, you can take a cab or some other public transportation, if you are lucky, but that is going to cost you money, too. You will also end up having to rearrange your schedule to fit in with bus times or extra time for calling a cab. If you find yourself in this situation, there are a few things you can try to get the money for the repairs so you can keep working as normal, here are a few of them.
If you have a friend or family member who can loan you the money for the repairs you are in luck. Just be sure to repay them as soon as possible, even if you have to do it over time. If you do not know anyone who can help, you can try going to your bank or credit union to ask for a personal loan. As long as you pay it back as soon as possible, and don't make just the minimum payments on it, this type of loan will not cost you a lot of interest.
Another option is to use a credit card. If you do not currently have one, now is the time to apply. You may be surprised at the number of credit cards available for people with a less than good credit score.
Title or Repair Loan
While most people may tell you not to get involved with a title loan, it may be your only option. You may also find a company that offers loans just for the purpose of repairing your vehicle. It certainly can't help to use this type of loan if it means that you can get the repairs done and keep your job.
Having transportation to and from work is important. If you do not like to use credit of any type, consider how bad things can get if you can't get to work. As long as you are smart about it and pay the loan back quickly, it should not create any trouble. Just don't be the type of person who pays the minimum payment and ends up using the credit for other purposes as it becomes available after each payment.
For more information, reach out to companies like American Cash Advance and Title Loan.Share