Getting hit with a bill for car repair or a broken arm can make paying your daily expenses almost impossible.
But it might be easier to spread the payment out over the course of a year.
You’re not the only one—40% of Americans can’t pay for a $400 unexpected expense without a loan.
Get a loan to advance your tax refund
If you’ve already filed your taxes and you’re expecting a refund, you can use an auto equity loan at Zmarta Finance as a quick line of credit.
As soon as your refund arrives, you can pay the loan back immediately because there is no pre-payment penalty.
Tax preparers offer similar loans, but you must file early to qualify for the advance refund deadline, which is weeks before the April 15th traditional deadline, and you’ll have to pay the preparation fees to file your taxes, which can take a cut out of your expected refund amount.
For most people, the IRS issues refunds on tax returns in three weeks, but if your bill is due before that, it’s possible to use an auto equity loan as an advance.
Break an expensive weather disaster into smaller installments
It seems like weather catastrophes are in the news all the time recently, and there’s a real reason for it.
Natural disasters affecting people and homes have increased by a factor of three within the last 35 years.
The number of hurricanes hasn’t increased, but the storms are getting stronger, resulting in more property damage.
Population growth and increasing urbanization mean the disasters that exist affect more people.
Natural disasters destroy property, cause injuries, and can be expensive.
If you’ve been affected by a recent hailstorm, flood, or another weather event, consider an installment loan to speed recovery from the damage.
Installment loans direct lenders to spread the impact of a crisis over time.
In most cases, auto equity loans don’t require credit checks, have no early payoff fees, and can process in a day.
Your car could solve your problems while you continue driving it.
Spread the expense of cleaning up a house fire
Every 24 seconds, a fire department responds to a fire somewhere in the United States.
While better technology and faster response times have decreased the number of home fire deaths by 50% since 1980, the damage to homes has increased.
Even a small kitchen fire can cause widespread damage to your home.
Smoke reaches further than the original fire and can discolor walls, embed smells in your furniture, and cause other side effects invisible to the eye.
Properly ridding your home of all chemical traces and damage can be expensive.
Car equity loans can provide a way for you to pay for the cleanup and make sure your family is safe.
Avoid bankruptcy by converting healthcare expenses to payments
It’s easy to underestimate how much medical care can cost.
Fixing a broken leg can cost up to $7,500.
Even if you choose an in-network facility for an emergency, it’s possible to be treated by an out-of-network physician, resulting in as much as $600 in unexpected expenses.
It’s no wonder that unexpected medical bills top the list of worries for 67% of Americans.
When you’re struggling to determine how to pay for unexpected medical bills, consider an installment loan from a direct lender.
Review your options carefully before committing
Using your car for an installment loan requires serious thought and consideration of your financial future.
An auto equity loan adds an additional monthly payment to your current one, and defaulting can cause you to lose your car.
Review your budget carefully and decide if you can afford both your existing car payment and the new one.