What do I do when I have a large emergency expense that has to be paid immediately and I don't have the money?

4 Answers

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  • 2 years ago

    Charge it.

  • 2 years ago

    Talk to them & try to negotiate a payment plan. That might or might not be acceptable. You might have to ask family members to lend you some money, and arrange to repay them.

    But it is up to you to get the money & pay your bills. Don't let it go.

  • 2 years ago

    Then you get that heavy sinking feeling because you know they will send your account to collections, who will tack on a collections charge and after several months of not being able to successfully collect what you owe, then you will be sued, with added penalties, late charges, interest from the date it was first owing, court costs, possibly attorney's fees and your $1,800 charge has suddenly become a $5,000 debt. Feel good? No, it won't. You will have damaged credit and a court record of your debt, which will come up in all general background checks. Get a second job immediately and make an arrangement to pay X amount every month, hoping they will hold off collections and court. If they agree to, don't miss a payment. If you miss a payment, then expect the prior action. If they prefer to just sue you, they can do that too. Collections is at their option.

    Source(s): Certified Paralegal, with 25+ years' experience.
  • Anonymous
    2 years ago

    Ask friends or family for a loan.

    Ask your employer for an advance on your wages.

    Ask your bank for a short-term loan.

    Pawn something.

    Go to a payday loan company - but check the interest rates and defaulting schedule very carefully.

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