People relocate for a variety of different reasons. No matter why you are looking to relocate, the chances are that there are going to be moving expenses involved. Expenses like transportation, professional movers/moving companies, and security deposit costs, are just a few things that could make up relocation costs.
If you find yourself in need of emergency cash for relocating, there may be a few options for financial assistance. Below you will find more information on the different ways of getting emergency cash for relocating.
Taking a Loan Out for Emergency Cash to Cover the Cost of Relocating
In some cases, a loan may be the perfect option for emergency cash. Here are a few loan options that may cover those emergency relocation costs:
- Personal Loans personal loans are one of the most common lending options out there. They can be used for all kinds of expenses that can come with relocating.
- Car Title Loans car title loans are a type of secured lending, which works by using a vehicle as collateral. Title loans are made to be extremely fast, and in some cases, once approved, the funds can be made available as soon as 24 hours.
If you do decide to look at a title loan for financial help, start with the experts at Max Cash Title Loans. At Max Cash Title Loans, we are the #1 national title loan marketplace that connects people with title loan lenders across the country.5 The application process only takes about an hour and can be done completely online.
- Payday Loans— payday loans are secured with the borrower’s paycheck. Credit history is not a large factor with these secured lending.
- Credit Cards— credit cards can come with all kinds of limits, repayment terms, and interest rates. Many Americans turn to credit cards for emergency funding because they usually already have a few that they can use.
- Borrow Funds from Friends or Family— another option to consider for emergency cash is borrowing from friends or family. Or you can cut costs by asking for their help with the move.
Relocating for a New Job or School? Your Employer/Educational Institution Could Cover that Cost
If you are relocating for a new job, a master’s program, or a Ph.D. program, your employer or educational institution may cover the cost for you to move to the new location. If an employer is willing to cover the cost of moving, they may take on the costs of transportation, the professional movers, and other things that may come with the moving process. Definitely talk to your employer about what they will be willing to cover the costs that come with moving into a new home or a new location.
Keep in mind that most employers will reimburse you after the move. You may want to find a way to get that money upfront.
Ask for an Advance from your Employer:
Another option to consider for covering moving costs is to ask your employer for an advance on your paycheck. This can be a great way to get emergency cash quickly and not have to take on additional debt.
Assistance Programs for Emergency Cash for Relocating
For some people, relocating is not a choice. This is especially true during the current coronavirus/COVID 19 pandemic impacting employment, small business, and contract workers.
When you find yourself in these situations, there are government agencies, non-profits, community services, and religious organizations that can all be of help if you find yourself in a difficult situation. Here are a few assistance programs to look into, depending on your reason for relocating:
Programs Provided by The United States Department of Housing and Urban Development or HUD:
These programs provided by the U.S. Department of housing, are available all across the country, and are just a few of the available programs/grants:
- The Emergency Solutions Grants (ESG) this grant provides emergency assistance to low-income families and individuals gain financial security when they are facing homelessness.
- The Continuum of Care Programs (Coc) their goal is to try to minimize homelessness and homelessness prevention, they can help with the transition period that comes with moving and facing homelessness.
- HOME Investment Partnerships Program HOME provides grants to state and local governments to create affordable housing and housing assistance for low-income households.
- Homelessness Prevention and Rapid Re-Housing grant— this grant works like the Coc with homeless prevention and provides supportive services to help people find a home quickly.
- Public Housing and Voucher Programs— these can help individuals from all kinds of demographics find affordable housing.
For more information on government assistance programs head to HUD’s web page on them.
Assistance Programs with Non-Profits:
Below are a few nonprofits that may be able to offer you help:
- Religious Groups— local and larger religious organizations aim to help with all kinds of situations, including moving assistance. Get into contact with local and remote religious organizations to see if they can help.
- Contact the Salvation Army— the salvation army has been helping low-income individuals and families move for many years. They have a large network of volunteers and can even offer cash assistance if a person qualifies.
- The YWCA— the YWCA operates to help women and families escaping domestic violence with all kinds of situations, and this could include moving costs.
Emergency Cash After Relocating Because of a Natural Disaster
The following organizations can help after a natural disaster:
- FEMA FEMA helps lead the government when a natural disaster strikes. They not only try to repair the physical damage, but they try to help the communities impacted. This help could include rental assistance, a relocation assistance program, or help with rebuilding a home.
- The Red Cross the red cross has been a huge relief system for all kinds of natural disasters all over the world. They help large communities and individuals facing the aftermath of a natural disaster.
- Other Relief Programs When a local community is impacted by a natural disaster, oftentimes, there will be fundraisers from corporations/communities, which can also provide relief for those facing the expenses of relocating.
If you are relocating and need emergency cash to do so, don’t panic! Regardless of your income, chances are there are supportive services that you could look into. You could also take out a loan, talk to your current or new employer, consider government assistance, or non-profits.
If you are looking for a loan, then Max Cash Title Loans may be the best place to start. As a title loan referral service, we do all the hard work when it comes to locating emergency cash.5 To get started with emergency cash for relocating, simply head to our website and apply for an online title loan.