Desperation Loans – Desperate Times Call for Desperate Measures!
“Desperation Loan – Can Anyone Please Help Me?”
Note: Before entering into a loan agreement for debt consolidation (whether you have bad credit or good credit) you should be aware of the usury laws in your State. Know the law and protect yourself.
We get these questions all the time here at Financing-USA.com. Somebody writes us, emails us, or posts a pre-app on the blog asking to be directed to a lender that will lend them some money – problem is that in these cases the person contacting usually doesn’t have any credit left, or never had any in the first place, and they are not looking to have any in the near future either.
On top of all that, the would-be borrower is often not employed, and sometimes not employable at all. When someone who fits this description needs some fast cash, odds are slim to none of a successful approval by a lender (ANY LENDER!)
So what can you do if you are really that desperate for credit? Well, you can ask yourself if it would really be the end of the world if you didn’t get approved for a loan right now. The truth is, NO. NOTHING is ever that big of a deal, and that even means death. You see, the minute we ever decide that we are in a state of desperation, then we have put that much more pressure on ourselves to find a solution to our financial problems immediately and without any kind of work put into it.
“If I Don’t Get This Loan It’s The End of The World” – Really?
Because something negative happens to you due to a cash short-fall, it’s not the end of the world. It’s not even the end of YOUR world. Snap out of it, and start looking for a way to change your lifestyle in such a way that you are never in desperation mode again. Never. I mean there are times when you can’t do anything about it, when you need to get some kind of cash moving one way or another, but is it really something that should be causing you to have feelings of desperation? No……it isn’t, is it.
So ask yourself if you really are all that desperate at this moment just because you don’t have some cash on hand. Like I already said, the answer is no. And just to get things crystal clear, I’m not saying that you can’t get approved for a loan – I’m merely saying that you should never keep a piano on your back like that – ever. Nobody should ever put that much pressure on themselves, or anyone else.
But It’s A Medical Emergency! I, She, He, They, Will Die!
OK, let’s call 911 then…..shall we? If it’s a true state of emergency that may be a life or death situation, you have to call an ambulance, or get down to the nearest hospital emergency room. In the civilized western world, you can’t be turned away from medical care, IF it’s actually a life or death situation.
If this actually IS the case, then I pray the doctor(s) will sort things out and send you on the path to a full recovery. Then you can worry about the insurance company going after you, or any other problems in your life. Obviously there is some problem in our life, if we start telling ourselves that we are in desperation mode simply due to the lack of a “little bit of money”.
Cold Smack of Reality From Someone Who Has Claimed Personal Bankruptcy
I personally claimed personal bankruptcy just after a divorce – when I was just about forty years old. Yep – I pretty much figured that it was the end of the world because I was going to be broke again, and I wasn’t going to have credit. I had massive feelings of desperation and despair. I even went as far as getting myself all depressed because of the divorce, the bank balance, and the collectors calling us everyday – all day. I really DID think that this was the end of the world…….it wasn’t at all.
I found a bankruptcy trustee and started the proceedings. I signed the papers, walked out of the lawyer’s office into a sunny blue sky, and I asked myself, “Was that something I had to cause myself so much suffering over”. Again you guessed it…..no.
And There Was A Reason I Felt Such Feelings of Desperation…..Poverty On The Horizon…Again!!!
I gave myself the license to feel sorry for myself, and told myself that I was justified for feeling so damned desperate about the possibility of living in the poor house again. You see, I thought that because I had been very poor for 4 years of my life, that I was ALLOWED to feel sorry for myself, and I was a card carrying member of the “whoa is me club”. Well I wasn’t a member, and I’m never going to be a member again. I don’t want to have a lifetime invitation to the world’s pity party.
Yeah, being poor sucked. The apartment was horrible. The halls stunk like urine, my neighbors were mostly prostitutes, addicts, con men, con women, thieves, and even worse….musicians, and that’s the lowest level of society. (I was playing in bands and recording at the time).
The parties were endless in the building and there was sirens everyday, and every night. The landlord was an unhinged mercenary – with nasty halitosis, a soldier of fortune magazine subscription, and the biggest collection of books about the third reich I’ve ever seen.
Yeah…..I guess it sucked.
But I also had a lot of fun. Learned to type, learned to read, and time went slow – really slow. When you don’t have any money in your pockets, there isn’t a lot of trouble you can get yourself into, and there isn’t much to do (you know, except maybe go get a JOB!) But, once again, I told myself that I was a serious musician, and I wasn’t going to sell out for some stinking job. Besides, I was getting used to the stink in the apartment hall anyway.
So if you have been poor for an extended period of time, you chose to be there. You made a decision along the way didn’t you. You told yourself that for this reason, or that reason, you couldn’t find a way to make money, or you refused to go make some money. I get it, I understand, I dig. Unfortunately though, being really poor for many years wears on you. It wears you down.
Temporarily Poor Isn’t Really Poor
If you are temporarily poor due to no fault of your own, then my heart DOES go out to you, but I know you will get through it. You likely work and don’t mind working, and will find work eventually. I saw countless others who were living in poverty with me those years, and I saw some of them work their way out of dullsville, finally get a job, keep a job, and make plans for the job they really wanted in the long run.
Never feel desperation because you are poor, or going to be poor. Just make a decision that you intent to find some work you enjoy. Work that gives you a reason to be excited when getting out of bed in the morning.
But I Have To Feed My Child…..Jerk!
I can hear it now. I’m a big jerk for coming across so heartless. What if the applicant is a single mother, crippled person, or elderly person who can’t afford to buy groceries to feed themselves with?
Let’s get one thing straight. I’m not some kind of heartless bastard. As a matter of fact, at the time of this writing, my own business just took a huge smack down, and we may be in “desperation mode” trying to cover all the bills this month. But you know what? I’m not that worried about it – I’m forty-eight years old now and I’ve been in panic mode before. We always got through the cash crunch somehow.
One thing for sure, I didn’t go get some horrid payday loan. (If you have not guessed it yet, I’m a guest writer here at FUSA, and I hate payday loans. They’re a huge rip-off and to be avoided.)
Anyway, you have to feed yourself and your child – absolutely, and you will. You can go down to a church basement soup kitchen, your local community hall that may be providing a free meal. Or perhaps a kind soul in your family, or someone in the neighborhood you with a meal for the time being. THEN, get yourself down to social services, and use their services to get some financial help to feed your children and yourself. Then you need to use their help to guide you on your way to becoming employable.
That’s not easy! I know – been there, but you can do it. I promise you that.
Perhaps you have a nasty little addiction to some kind of substance that is draining your pockets, your mind, and your body. Get help for that too. It’s there. Take a look around – ask around. I too was an addict, so don’t give yourself some kind of license and badge to NOT get clean, get going, and get working.
So yes, this may be the time for desperate measures. This may be the time to clean up your act, and start moving on. This might be the time to leave those streets behind for greener pastures. You’re strong enough, you’re good enough, and you are worthy of all the happiness in the world.
Even though the world is telling you that you a you aren’t worthy of a loan right now.