16 March 2020

A quick loan does exactly what it says on the tin; a swift injection of cash into your account, which can help you to deal with a wide array of situations and financial emergencies. With a buffa quick cash loan, you could get an immediate decision from our quick application process and see money in your account within as little as five minutes of being accepted, allowing you to deal with your financial requirements without stress.

But you might be wondering what kinds of financial emergencies would bring about the need to take out a quick loan? This article will explore some of these different examples, and how our quick loans can help you cope if your own funds are running a little dry.

1. Home Repairs

Household disasters can strike suddenly and without warning; be it your washing machine breaking down out of nowhere, leaving you with no clean clothes, to your oven suddenly needing repairs and leaving you to rely on the microwave for your dinner. Repairs like this are a natural part of the process of renting or owning a home, but if they arrive right when you don’t have the money to deal with them, they can be even more stressful than they need to be.

This is where a quick loan comes in handy - within five minutes of your application you can have the funds available to sort out whichever appliance is misbehaving, before it starts to have a detrimental effect on your day to day life.

2. Consolidating Debt

Debt consolidation is one of the most common reasons given for taking out a quick cash loan, like the one on offer here at buffa. Carrying multiple loans or outstanding credit cards, when all of them have varying interest rates and balances due, is quite simply a recipe for financial disaster. This is where a quick cash loan can help.

If you apply for a loan and use it to consolidate your debts, you’re combining all of those outstanding balances into one monthly payment. By grouping all of your debts together, you make it easier to work out a timeframe to pay off your balance without feeling overwhelmed.

Debt consolidation allows you to pay off a number of outstanding loan or credit card balances much more efficiently, with a clear end date to keep in sight.

3. Covering the cost of Rent

A quick cash loan may also come in handy for those situations when you’re struggling to cover the cost of your rent. This could be because of a variety of different reasons; perhaps another financial emergency has occurred that used up all of your spare funds that would usually be put towards paying rent, such as your car breaking down and needing repairs. Whatever the reason behind it, a small, short-term, quick cash loan can be a lifesaver, tiding you over to your next payday and allowing you to pay your rent without stressing where that money will come from.

However, it is also very important to not be fully dependent on things like quick loans to pay your rent on a consistent basis; if you’re finding yourself regularly struggling to pay rent, there is probably an underlying cause to this that will need addressing. There are plenty of ways to stretch your finances out to last longer, for example, by taking stock of your weekly expenses and creating a budget for yourself. You can learn more about this with our Debt Advice Guide to Budgeting here.

4. A Helping Hand with Bills

Another common reason you might find yourself turning to a quick cash loan with a provider like buffa, is to cope with bills; particularly with things like your energy bills. Our quick cash loans are only approved when we are confident that you are in a positive enough financial situation to cope with the loan and its repayments. We pride ourselves on being a transparent lender with no hidden small-print, fees or tricks designed to catch you out.

If you are struggling with bills, particularly energy bills like your electricity and plumbing, you might be interested in finding a better energy provider. You can read more on that topic with our blog on reasons to switch energy provider here. Also if you are consistently struggling with fixed costs like your energy bills and your rent, you might also be interested in reading some of the guides in our Debt Advice Hub here.

5. Moving Expenses

If you’re relocating over a relatively short distance, then you probably wouldn’t need to take out a quick cash loan for moving expenses. However, if you’re facing a long-distance move, perhaps for a new job opportunity on the other side of the country, then moving expenses can be excessive enough to warrant applying for a quick loan. Funds from a quick loan can help towards a variety of moving expenses; maybe you need help moving your belongings from one place to another, or buying furniture for your new residence and getting your vehicle across the country; Or, it could help towards any further expenses you may think of brought about by your big move.

Before pursuing a quick loan to help cover your move, however, you should consider whether your new or existing income will enable you to pay off your loan balance. You can easily avoid the added stress of paying off your quick loan, on top of the dramas presented by moving to a new location, by making this extra consideration.

Those were five situations and circumstances where a quick cash loan with buffa may come in handy. However, it is important to note that taking out a quick loan like this should not be the very first solution you think of. For additional financial help, tips and advice, you can go back to the Buffa blog for more articles like this, or visit our Debt Advice Hub for specific articles on a vast range of topics, such as Budgeting, Debt Advice and more. These can help you to see how you can cut down on expenses and save money before needing to turn to a quick loan.