It’s bad enough if you lose your wallet or your cash when you are at home, but what do you do if you are on holiday somewhere overseas and your money goes missing?
At one time, it would have been a real panic and worry. First, you have to contact your bank/credit card company. Then, you have to arrange for funds to be transferred so that you can afford to continue your holiday or get back home. But what if you are absolutely stone broke and your traveler’s cheques and credit cards have all gone missing together? Sounds like the beginning of a big headache and a ruined holiday.
No need to fret – there are alternatives in cases of emergency. No matter where you are on vacation, as long as you have access to the internet, either via your mobile phone or the hotel’s computer, you can find a temporary solution. Go online, Google a loan provider and in a few minutes, your immediate money concern will be a thing of the past! (Until you have to repay your borrowed sum of course – please use these providers responsibly in emergency cash situations only.)
Do you understand how these types of loans work?
The entire process is fast, straightforward and easy to understand. This is how the process works: first you have to register, and this involves filling in a form with some basic details. There is no credit check so it doesn’t take days to hear back and there’s no need to divulge extremely personal or complex financial details. Once you have been accepted by the system, you can then apply for your loan through the site. This is done by using a sliding scale to select the amount of cash you need and how long you need to borrow the cash for. At this point, you will see the payback date and the interest cost of your loan. If you’re satisfied with the numbers being shown to you, click the ‘accept’ button and literally within minutes, the cash will be in your account. It really is that simple.
But can something so simple be safe to use?
There is well-documented information on the web, as well as public opposition to the concept of payday loans due to the high short-term interest rates. If your options are limited and you understand the risks, it may be the best or even the only emergency solution to your needs. If you will be taking out a loan, ONLY take loans from established companies with a good reputation. If you are unsure whether you can pay back on time, do not take out a payday loan; your debt will consolidate quickly and you will be stuck in a very difficult situation.
In general, a holiday drama does not have to be turned into a holiday crisis. There are more ways than one to avert cash chaos and these types of short terms loans can be a lifesaver in times like this. If you’re lucky enough to be on your dream holiday, don’t let unfortunate events spoil it.
This is good to know when traveling overseas! Thankfully I haven’t lost my wallet while traveling but I do know family that this has happen to. Thanks!
‘minds me of those old American Express commercials… 😀
Great tip for when you’re in a bind like that!
like the tip, I would have problem gone insane if all that have happen to me, thank you for the internet, cause it would be crazy lol
Great to know! thanks for sharing!
Thankfully, I have never had to deal with a situation like this! At least now I know of an additional option available should it ever happen.
I was at the store the other day, we had just gotten there and a woman came running out with her kids behind her. She was so excited when she found her cash still laying where she had apparently dropped it. It was all she had for shopping. I could not imagine and am glad there are things to help.
I rarely carry cash because I like the safety of my credit cards better. Plus, I find it so much easier to track my spending that way.
Great post:) Wish you a Merry Christmas!!
I get nervous to carry cash sometimes. This seems like it could be a good option!
I’d never heard of this program, but it sounds like a good option when you are in a serious cash bind! I would be mortified if I lost all my holiday shopping cash. I don’t carry it much, but during the holidays I tend to have some at the ready for last minute items and tips when I’m out shoppig!
That’s why I buy most of my stuff online; I never need to worry about losing my money but this does sound like a good alternative.
Because of this reason I prefer to online shopping where I don’t need rush anywhere else.
Great article!!! Thanks for sharing
I never knew that it was this easy! I am glad to know that this is an option for me if I ever run into a situation where I need cash fast.
I never spend more money on holidays specially via online payments. Thanks for this article.
I always spend way too much during the holidays. Thank you for the advice.
That is something that always worries me. I never want to go into debt for the holidays.
Pinterest has become my best friend. More and more, I try to go the homemade route. This year, I made homemade vanilla extract.
I have been using cash this year instead of credit cards and luckily I haven’t lost any!
It would be a scary situation to be in. I think pre-paid cards are great because they have the emergency lost/stolen protection and they don’t get access to your actual account. I don’t really recommend carrying cash unless it is for something specific or a small amount. It is easy to lose or have stolen.
Oh how I wish I HAD money to spend for the holidays. It has been years since I felt comfortable spending money (cash or online) for stuff other than necessities. Thank you for sharing this. When I have more expendable income, I would heed your advice.
This is actually really helpful. I never knew about this. I’ll have to check it out! I am always looking into prepaid cards
Very true. but sometimes money is important on holiday. Thanks for sharing this info
I didn’t know you could do this. It is good to know!
Spending too much for the holidays gets too many people. Thanks for sharing a back up plan…just in case.
oh that was helpful one