The holidays should be a time of giving, relaxing, and appreciation, but a Christmas financial crisis can suddenly disrupt any joy the season brings. From a health scare to the need for a sudden repair, financial emergencies can blindside us and dry up our cash reserves before they’re built up.

If you’re stuck in a Christmas financial crisis and don’t know where to turn, this guide is for you. We’ll handle this crisis together in four simple steps by finding a concrete solution and getting your peace of mind back. We’ll cover acting on rationale instead of emotion, discovering all of your options, evaluating your resources, where to get emergency cash, and more.

Surviving A Christmas Financial Crisis

1. Take A Moment Before Acting

Financial emergencies can come in the way of medical or dental bills, home and car repairs, emergency travel, or overdue urgent bills. It’s easy to feel overwhelmed during a crisis, and you may lose hope that your financial situation can improve. 

In these moments, choose to pause before making any decision – even if that pause is for only an hour. It’s essential to let your emotions calm down to avoid making a rash decision that could cost you more in the future.

2. Get All Of The Details

Sometimes, there’s more to know about your bill than what’s in the fine print.

Take medical bills, for example. Did you know that if you received a large hospital bill, you could ask to speak to the billing department and request an itemized bill to potentially lower the cost by more than 50%?

Or, for looming credit card payments, did you know some debt consolidation plans lower your interest rate to just a few percentage points and allow you to pay your debts back in one monthly payment?

Little tricks like these are hidden everywhere and could provide great insight into paying off your bills in the most convenient way possible. Call the issuer of the bill and find out more about what options are available.

3. Evaluate Your Resources

Now that you know your options, you can find the best way to pay the bill.

First, look at your bank account. Can you cut costs this month to put some money towards your emergency?

Does your job allow you to pick up overtime hours or extra shifts to increase your next paycheck? Do you have any extra cash hidden away for a rainy day? A Christmas financial crisis is the time to use these resources.

Other people may have loved ones who can help them when they’re in a financial pinch. While this could be a good option, be sure to put everything in writing and be wary of stressing interpersonal relationships when money gets involved.

4. Consider Emergency Loans

Sometimes, financial resources are slim, especially if you’re one of the many Americans who live paycheck to paycheck. If this is the case, you may want to consider an emergency loan to cover your Christmas financial crisis and move you into the new year.

Emergency loans are short-term solutions that help cover urgent costs and are later repaid in installments or one lump sum on a predetermined date. At Delaware Title Loans, Inc., you can quickly apply for an auto title loan or installment loan to help you face a Christmas financial crisis.

Auto Title Loans

Auto title loans use your paid-off car title as collateral for up to $15,000. The application process can be done from your home. A loan representative will come to your location to inspect your vehicle. If approved, you can keep your car per usual while you repay the loan, allowing you to use the emergency loan to tackle your Christmas financial crisis. 

To apply for an auto title loan, you’ll need the following:

• Driver’s License or State-Issued I.D.
• Lien-Free Title to Your Vehicle
• Your Vehicle for Inspection

Signature Installment Loans

Signature installment loans are emergency loans for up to $1,500.

To apply for an installment title loan with Delaware Title Loans, Inc.:  

• Driver’s License or State Issued I.D.
• Proof of income (your most recent pay stub)
• Checking account statement in your name

This type of loan requires a quick stop at one of our local offices to finish your application.

Getting Emergency Funds ASAP

If you need to pay for a Christmas financial crisis now and have a loan-free vehicle, head to our homepage and fill out our general inquiry form. A representative will contact you to review the application process and answer your questions.

You’ll need to meet with the representative for a few minutes to inspect your car and paperwork. You can choose to visit our office or arrange a more convenient location to meet with a representative. Once approved, the money will be deposited into your account by the end of the day or the next work day.

Resolve Your Crisis Now

A Christmas financial crisis can cause overwhelming stress, ruin holiday plans, and spread tension instead of cheer. Instead of feeling like a deer in headlights, be sure to pause, investigate all your options, and remember that you can always take out an emergency loan if you find yourself without other resources.

Delaware Title Loans, Inc. offers an auto title loan that can help you pay for vital repairs, an overdue medical or utility bill, or another financial urgency that comes your way. Get in touch with us today to find a solution to your crisis and get your finances back on track.

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.