If you haven’t set up a big enough emergency fund before the beginning of the holiday season, Tennessee Title Loans, Inc. has got you covered. With our line of credit, you can choose how much money to take out, which is perfect for situations when you’re unsure how much you would have to spend.

Below, you will learn more about how a flex loan can help you pay holiday expenses. But first, let’s look at a few costs you have most likely forgotten to budget for.

5 Emergency Holiday Expenses That You Might Have To Deal With

1. Medical Bills

Doctors typically see a 5-12% increase in patient volume during the holidays, and there are a few reasons for that.

In the regions where it gets cold, the number of slip-and-fall and car accidents will increase as soon as the temperatures drop. Overeating and food poisoning can become a problem as well. There is also a higher incidence of stroke and heart attack during the most beautiful time of the year.

By the way, there is even such a thing as holiday decorating injuries. During November and December, people fall, cut themselves, and strain their backs while preparing their homes for the festive season.

The cost of emergency room visits will vary by state and illness, but patients are typically charged at least $600. And if you don’t have an emergency fund that you can take advantage of, a surprise medical bill can become a problem.

2. Home Repairs

If it tends to get cold in your area, you might have to deal with an HVAC repair during the holidays. The risk of pipes bursting also increases during winter. Furthermore, December is a leading month for house fires.

Those can happen when food is left unattended on the stove or because of Christmas lights. By the way, around 770 fires are caused by cheap or poorly installed holiday decorations each year.

4. Unexpected Travel Expenses

The festive season is typically about planned travel, but unexpected trips might also occur. Unfortunately, those usually happen when something unpleasant occurs.

Medical emergencies and house fires that we have already mentioned can make you hop on the next plane and fly to the rescue of your friends or relatives who live in another city or state. Remember that all the fares increase a lot during the holidays, so you might have to pay a small fortune for the ticket.

5. Higher-Than-Anticipated Utility Bills

In winter, we tend to spend more time inside, which automatically means higher electricity bills. If you have your heater on most of the day and your whole house is decorated in Christmas lights, you must deal with extra high utility bills this festive season.

Life happens, and even if you have managed to create a sufficient emergency fund, there might come a day when you’ll need some extra cash. That’s when you might want to turn your head towards a line of credit.

How Does A Line Of Credit Work?

A flex loan allows you to set your credit limit and borrow as much or as little as you need. With Tennessee Title Loans, Inc., you might get up to $4,000, and you’ll be able to keep withdrawing the money if you don’t exceed the limit.

A Simple Guide To Taking Out A Flex Loan

You already have a lot of things to think about during the festive season; that’s why we have made sure that the whole process of getting your hands on the much-needed cash is as simple as it can be. You can complete an inquiry form and wait for our helpful representative to call you.

After answering your questions, you can go ahead and head to the nearest store location with your ID, lien-free title, proof of income, and vehicle. It might take the specialist only 30 minutes to check your documents, inspect your car, and determine if you qualify. If approved, you’ll get access to the cash the same or the next bank day.

Take Advantage Of A Flex Loan Today!

Are you feeling like you cannot handle all the emergency holiday expenses this year? Then why not consider a flex loan offered by Tennessee Tite Loans, Inc.? With our line of credit, you can borrow as much as you need and when needed.

You might get approved even if your credit could be better. Furthermore, we work with all types of income. If you’re ready to get started right now, fill out our short form to let us know you’re interested.

 

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