As a working adult who doesn't have a very high income, there are always situations that can come along that can only be described as sour. One of these such situations is when your car breaks down, leaving you without a ride to work, and feeling very much like you are stuck in a major bind. Thankfully, there are options for people like you when life hands you a situation you can't afford to handle with your vehicle. It is just a matter of finding the right people who can help you out. Here is a look at three ways you may be able to make it through and get help covering costs for vehicle repairs.
Check into getting a cash advance to cover the repair costs.
A cash advance is a short-term loan that does not require you to have good credit to obtain. As long as you have proof of income, a bank account, and proof of identification, you can usually get a small loan that will be due to be paid back when you get your next paycheck. Cash advance loans are ideal because you can typically walk in with a need for cash and your necessary documents, and walk away with your cash in just a few short hours. Talk to a business like American Cash Advance and Title Loan to learn more.
Check into getting a small title loan from a lender.
Title loans are not always ideal because they can have high-interest rates, but they are an option you may have if you need money in a hurry and your vehicle is completely paid for. To obtain a title loan, you have to sign over lienholder rights to the lender. Good credit is not required because the title of the vehicle stands as collateral for the loan. If something happens and you cannot repay the title loan as agreed, however, the lender will have the right to take ownership of the vehicle. So just make sure you only borrow as much money as you can afford to repay according to the loan terms.
Check into getting a line of credit through an auto parts dealer.
Because some auto parts places know that you cannot always predict when you will have vehicle issues, some do work with local financial institutions to offer some kind of line of credit. Some of the top-name auto parts places may even have their own credit cards available that you can apply for when you find yourself short on cash. The process of obtaining a line of credit through an auto parts store can be a little more difficult, but is an option to consider.