Urgent same day loans?

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  mousie on 04/01/2014 - 19:31

  +4

  If you've had the credit card for more than 6 months, the quickest option may be to contact them and ask for a limit increase, sometimes these are also accessible after you login to your credit card's internet banking and under 'offers' or limit increase.

  Your bank may also be able to setup a personal 'overdraft' onto your savings account -something that you could discuss with your local banking manager.

  Same day emergency loan specialists are in the same basket as predatory lenders, because of the atrociously high interest rates. They are able to justifty this because they will loan to people with bad credit, and are taking on a much higher risk with their sub-prime loans.

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  holdenmg on 04/01/2014 - 19:38

  +2

  Your best option is to approach the Bank or Financial Institution you have your Credit Card with and ask them to either temporarily increase your Card Limit or ask them for a fast decision on a Personal Loan.

  If you explain your circumstances and can demonstrate you had savings (but for having to fund the family members medical bill) they might see some merit in it as if you didn't go you would have lost the cost of your flights etc.

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  p1 ama on 04/01/2014 - 20:08

  I would say that for this kind of loan, you're probably best borrowing off friends and family. If you can borrow $400 off your parents, another $400 of your siblings, another $400 off friend A…etc. and cover a few more hundred with your credit card, you should be fine.

  You could go the way of "loan sharks", but I think that's a really bad idea due to their extremely high interest rates.

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  RandomNinja on 04/01/2014 - 20:17

  +1

  If your sister can spot you for the trip, it's probably better to pay her back whatever you spent, plus whatever interest you would have incurred with a personal loan. Interest is better in your sister's pocket than a bank's!

  Otherwise, paulsterio's suggestion is probably the best short notice option

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  eris on 04/01/2014 - 20:43

  Thanks for the suggestions, I tried applying online for an increase in credit and was declined (I'm not sure why), with a message to apply again in 6 months. I'd prefer not to borrow from family (especially for something non-urgent such as holiday) as they're a bit stretched as it's the quiet season for their business. And personally I'd find paying a few months of high interest rates preferable to the unrelenting nagging of my mother's partner, who is against lending us money unless it's a matter of life and death.

  • 

    Baysew on 01/02/2014 - 09:50

    I tried applying online for an increase in credit and was declined (I'm not sure why)

    You have answered your own question

    I've made occasional late repayments on bills and on the credit card in the past year, but that was due to inattentiveness rather than lack of funds.

    Well it makes no difference why the payments were late to the credit card people. If you are late due to inattentiveness, lack of funds, cat had kittens, whatever it's all the same. If payments not made on low limit card they aren't going to risk a higher limit. Computer says no.

    Suggest you set up a Automatic payment for the Minimum Monthly Payment.

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  lisss on 05/01/2014 - 00:32

  As mousie says, the next best option may be to ask your bank whether they'll give you an overdraft on your personal account.

  If you do decide to use a payday lender, make sure you understand how much extra you will be paying in interest charges - it will be mindblowingly large.

  Payday lenders do not have 'comparatively reasonable rates', they have very high rates and should be your last port of call. What do you mean by 'reliable'?

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  daks on 05/01/2014 - 11:15

  http://www.fairloans.org.au/

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  leiiv on 05/01/2014 - 11:38

  I know one from the ads: nimble.com.au

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  morpheu on 05/01/2014 - 13:06

  +1

  If you're going to be overseas for a few months maybe you could pawn a valuable like your car, you won't be needing it anyway, I would sooner do that than feed the high interest loan sharks!

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  WaywardOne on 12/01/2014 - 12:30

  Slightly off-topic: How can medical bills be high in Australia? I thought all non-elective medical care was covered by medicare?
  Unless you are talking about dentistry… For some weird reason that is not covered by medicare.

  • 

    YTW on 15/01/2014 - 23:05

    If someone is here on a visa they might not be covered by Medicare. Or if they needed the treatment and couldn't stand to wait in the public queue. My hubby had a 'non-urgent' issue that was making him so ill that he couldn't walk 20m or go to work. The wait time quoted for him was 6mths publicly.

  • 

    eris on 31/01/2014 - 19:17

    My dad is a US resident, he has medical insurance but there was still a large out of pocket expense.

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  hsk on 15/01/2014 - 23:13

  +1

  I imagine that it is a bill generated as you used health insurance and not Medicare. Have heard some horror stories about people saying they have health insurance and paying lots of $$ when they could have gone Medicare. If that was the case you should complain, I have also heard of people negotiating the bill down a bit.

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  eris on 31/01/2014 - 19:22

  +1

  Thanks everyone for your suggestions. I ended up borrowing some money from my sister. It ended up being a pretty cheap trip overall, so taking out a high interest loan wouldn't have been the best decision.

  • 

    Astro551 on 09/02/2014 - 22:32

    glad it all worked out!