If you have recently lost a loved one, the last thing you want to be thinking about is financial worries. Sadly, oftentimes many people do not have the funds readily available to cover funeral expenses. If you find yourself in a situation where you are unsure how you are going to cover the costs of your loved one’s funeral service, you are not the only one. Let’s take a look at what the typical expenses look like for a funeral and how they break down. After determining how much money is needed, we can explore the various options including using a car title loan to pay for a funeral.
Many others have been exactly where you are now and there are options for you.
What Are the Costs of a Funeral?
Funeral and memorial service costs vary greatly. These costs depend on a lot of various factors that come down to the preference of the family. Or it may even be subjected to the wishes of the deceased that were stated in their will.
However, you’d be surprised at how many aspects of the cost you tend to forget as being part of taking care of a loved one and their estate after they pass. When focusing on just the basics of death certificates, cemetery coordination, and filing of essential permits you are looking at an average cost of around $2,000.
The burial choice, gathering size for your service, and other factors will also play a big part in how much costs may add up to. When you include caskets/urns, transportation, the space, flowers, and catering, you will likely be looking at costs closer to somewhere between $3,000 and $5,000 when choosing cremation and $7,000 and $15,000 when choosing burial.
Just looking at these numbers could be overwhelming for you especially if you don’t have an emergency fund set aside for these kinds of things. Most Americans don’t as many live paycheck to paycheck. But don’t worry because whenever there is a will, there is a way and there are options out there for the funding you need to say a proper send-off!
Funding Options for Funerals
For those not lucky enough to have funds set aside or arrangements pre-made, it can be incredibly stressful trying to figure out how to come up with funding for a beautiful funeral or memorial service for their loved one.
There are options that you can explore that might offer you the solutions you’re in search of. Here are a few things that you can look into:
See if your family and friends would be willing to make the funeral or memorial service a group effort. Perhaps you can divide up the financial responsibility between a greater number of family members to lessen the financial burden on your own shoulders. Plus, if everyone works together, it can bring everyone closer to grieve the loss.
Are you aware of whether your loved one had a life insurance policy? This would be an important thing to check as many life insurance policies actually have particular coverage for death-related expenses. This would include most of the expenses you’d need to be covered. Additionally, if your loved one has Medicare there may have been funds set aside through that for funeral arrangements.
Lower Cost Options
If you don’t have many religious requirements you need to stick to, there are some lower-cost options with a home funeral. You may even nix the burial altogether. You can choose a direct cremation without an urn. Instead, you can scatter the ashes in an important place to your loved one. Also, if your loved one might have liked to have their body donated to medical research purposes.
Get Funding from a Car Title Loan to Pay for a Funeral
If you’ve run out of options and are still short on cash, then you can find additional funding elsewhere. There are crowd funding websites that you can turn to such as GoFundMe, YouCaring, or GiveForward. You can also always obtain a loan to cover the funeral expenses and slowly pay it back over time. However, you may be worried about being able to get a loan fast enough for the funeral arrangements. Or you may be concerned about not qualifying because of a less-than-perfect credit score. Either way, a car title loan could still be the perfect option for you!
How to Use a Car Title Loan to Pay for a Funeral
It’s possible to be approved and receive funding for a car title loan far more quickly than your standard unsecured installment loan!
Car title loans are a kind of secured loan which enables you to use the equity value in your vehicle as collateral so you can qualify quickly without quite as many hoops to jump through. The secured aspect of a title loan makes it possible for many to be approved. Even if they have a poor credit score!1
Get a Car Title Loan to Pay for a Funeral Today
When you use Max Cash Title Loans’ handy online marketplace to obtain a car title loan to pay for a funeral, the qualification process could not be any easier.
Simply follow these three simple steps to see if you are pre-approved:
- Give Us Some Info: First fill in a few basic facts about yourself, your current finances, and your vehicle. This can be done in the online form on Max Cash Title Loans’ homepage!
- Send In Documents: Next, the paperwork for the loan needs to be in order. These documents are your identification, the car’s title in your name, proof of residence, proof of income, pictures of your car from a few different angles, and two references.
- Get Approved1: Soon after, you will find out if you are approved and how much you qualify for. Once you know you qualify, you will be able to review your contract and pick up your money. Sometimes you could get your cash in one business day!
We understand that losing someone is hard enough. You shouldn’t also worry about how you are going to get the money you need to say a proper goodbye.
See if you qualify for a car title loan with the help of Max Cash Title Loans today!