01 SEPTEMBER 2018
4 Things You Can Do When Stuck in a Hard Place
Unfortunately, in the tough economic climate that we’re facing today, it’s far too common for good New Zealanders to find themselves in a hard place financially and emotionally. Luckily, there’s quite a few things that we can all do when facing a tough financial situation – in this blog, we’ll go over four of the things that you’ll be able to do, should you find yourself stuck in a hard place.
Take stock of your situation and set a budget
Without any doubt, a good first option when stuck in a hard place is to write down and take a look at all your debts, as well as your weekly and monthly expenses, and the money that you have coming in. This will help you to assess where you actually are financially – you could be better off than you thought – and help you to move on to the next step of making a plan to put an end to your worries. Making a short-term budget is a good way to make sure that you don’t spend any more than you have to in the coming days or weeks, and use your money as efficiently as possible.
Contact your creditors immediately
If you have outstanding debts with payments due, contacting these creditors and asking for more time is always a possible path to take. As the saying goes, you’ll never know if you don’t ask! Many people and institutions may be willing to extend the payment period to give you a little more time if you give them all the details and they are sympathetic to your situation.
Talk to friends and family
For many of us, asking any of our friends or family for help with a tough situation can be hard to do. It’s important to understand that in today’s climate, whether it’s help making a single payment or a place to stay rent-free for a while, there’s no shame in letting someone in on your situation, and asking if they can help in any way. Most people will be more than willing to help a friend or a relative, and will know the importance of getting out of a hard place as quickly as possible to make sure that the situation doesn’t get worse!
Get a free loan from Super Loans!
If you’re looking to get out of a rough place, Superloans will likely be able to help you out! For many of our customers, their first time borrowing from Superloans will be a free loan of up to $500, with no fees, no administration charges, and no interest. For most people, this loan is exactly what they need in order to get back on their feet and put an end to their worries! These no-credit-check loans will be either Express Loans or Pawn Loans, meaning they’ll either be completely unsecured, or secured against an item that you own, which you’ll get back after paying off the loan.
As you start to pay back your short-term or bad credit loans, Superloans will add points to your Super Score. As your Super Score increases, you’ll be able to borrow more, and you’ll also get access to lower interest rates. Building your Super Score will demonstrate good credit, even when your credit rating might not show that fact!