The 10 most common emergencies and unexpected expenses

Common Emergencies and Unexpected Expenses

You’re two weeks from payday and boom, your car breaks down on the way home from work one day. Not only is this both inconvenient and problematic, but the incurred expenses a broken down vehicle can cause (even if you have car insurance) are troublesome. When your car is your main source of transport and your life line, making sure it is fit for purpose will be your top priority.’

Whatever the season and weather outside every house needs a functioning boiler. Boilers are temperamental pieces of equipment at the best of times and we often take them for granted. When they go wrong, it can be dangerous and debilitating for a household.

In the winter months especially, our bills can fluctuate to greater extents than we realise or prepare for. Heating bills can become large during particularly cold months, and if you have children or look after elderly relatives you’ll be considerate about warmth.

These are often the main cause for our customers needing financial help. An unexpected bill, which could be anything from a quarterly water bill that dropped under the radar to a forgotten tax return, can put great stress on finances.

Although we are lucky enough to have the NHS in Britain, a medical emergency can happen at any time that might require your personal finances being used – dentistry being a common one. A sudden root canal operation, for example, can be costly.

Especially common after events like Christmas, our bank accounts can become a little dry. It may be that you’re feeling the pinch a little too tightly – here’s when a cash loan can help.

Funerals are terrible events without even considering the incurring costs. With the average funeral costing just shy of £4,000, and the average amount spent on extras like a memorial, flowers and catering at just over £2,000, burying a loved one can be more than an emotional burden. Planning funerals in advance is not always possible either, even with a funeral plan.

It can be hard retaining some control on your credit card spend. While credit cards are essential to helping you build a credit history and learning to manage debt, paying your bank or credit card provider back on time can be difficult.

Family members can find themselves in tight circumstances at any time and sometimes it’s not always possible to help them out using your own finances. This could be anything from helping with a housing extension and other domestic repairs to a simple loan to get through a short period of time more comfortably.

When you’re faced with an emergency repair to your home due to unforeseen circumstances, a payday loan may prove useful, especially if your living conditions are affected. Home repairs are costly and often appear when you least expect them and the stress that comes with a repair you can’t immediately fix only adds to the overall problem.

Dealing with a repair that impacts your life may need to be handled quickly. You could even reach out to family and friends for a helping hand during this tough time.