What would you do when money runs tight and you can barely cover your bases by the end of the month? You might have some to pay off the bills but what about groceries? If you did not stock up your groceries, how would you feed yourself (or your family if you are not an individual living a single life)? And do not forget that you still need some left on your bank account in case of emergency. Kids catch illness so easily. You are not vulnerable from getting sick either. Worst yet, when you fall sick, who would provide for your family, then? Even if you are single, it does not mean you should be okay. Living alone and being sick is the worst combination ever; you would stand a little chance to recover fast and when you stay being sick for a long time, what would become of the bills? Failing in paying off utility bills result in the water getting stopped, electricity cut, and the gas terminated. When the three are no longer supplied, you would plunge into misery. So, the question now would be how you can survive the rest of the month without resorting to a solution that is harmful? For starter, you need to know about risky solutions. That sounds like something counterintuitive, doesn’t it? How could something be a solution and at the same time full of risks, right? For your information, a credit card is a harmful solution. It can solve your money problems but in doing so, it creates another problem for you to face. This is the kind of solution you should avoid at all costs. If you must, you can use the credit card for something truly urgent in nature (something life-threatening, perhaps?). Otherwise, it is important that you keep in mind all the time that that credit card you have is to be locked in a safe (if needed be).
Asking help from friends or families is a viable solution. However, the risk that this solution poses for you is on an entirely different level from those of a credit card. Someone close to you might be willing to lend you some cash but when you fail to repay them on time, their perspective might as well change because of that. Even if you make it to pay them back on time, if you continually borrow from them, you are subjected to some changes in their treatment toward you.
The safest bet in this case is personal loan, as suggested by www.mycozycash.com. See, a personal loan is fairly easy to obtain because the lender does not usually care about your credit score. A lender of this kind of loan would only care about when you are going to pay the debt. The only thing you need to be very careful about this matter is the interest rate. It could be so high that you end up having to repay bigger than what you borrow. So, consider your options wisely.