COVID-19 has left millions with compromised housing security or facing potential homelessness. To address this, many governments have provided emergency funding for housing to vulnerable populations. These funds may support rental assistance, eviction prevention, housing access for survivors of domestic abuse, and other housing needs. Funding may also be available for supportive services, such as counseling or legal aid. Such services may make a difference in helping people avoid eviction or secure safe, stable housing.
No matter how well you plan your budget and finances, emergency cash needs can still arise and boost your stress levels. For the self-employed individual, finding a fast and reliable emergency cash solution may be especially difficult. However, it’s not impossible. There are a number of solutions out there that include Personal Loans, Overdrafts, Credit Lines and Short-Term Loans. Unsecured credit cards, Payday Loans and Retirement Funds are some additional possible options. Depending upon your credit history, you could also consider Crowdsourcing, Borrowing from Friends and Family, and Pawning personal Assets. While these solutions may offer timely cash, make sure you understand all of their terms and conditions, and budget accordingly, to ensure you don’t fall into a financial trap.