When I think of the 10 top reasons. I think of the 10 top situations where not getting immediate cash would be foolish. These are as follows:
1)Car brakes down and you have no reliable alternative transportation. You can not afford to lose your job because you can not get to work. The boss won’t pick you up and if you make too much trouble you may get the dreaded pink slip.
2)Need clothing or supplies for new better job. It takes some investment to make money even when your working. You do not want to lose a good opportunity.
3)Need food. If your refrigerator broke or for some other reason you don’t have food -that is just not acceptable. I mean starvation is ugly.
4)Child or other household member needs immediate medical attention. Health problems can cost a lot more if there put off. More importantly a family member or yourself could end up with horrible consequences if immediate health needs are not taken care of.
5)Emergency evacuation. Having lived through several hurricanes in Florida I know some times whether you like it or not you need to get out of town quickly. This will probably mean money for transportation, food and lodging. There are of course other reasons to evacuate like a fire, neighborhood gas leak etc.
6)Family in some personal crisis such as mental health, death or other unplanned tragic event.
7)Legal matters that where unpredictable and need immediate attention. Some things coast much more then a loan, if put off to a later date.
8)Injured pet that needs immediate medical attention. Putting off medical needs of course could have terrible results.
9)Eviction notice because of unexpected cash problem. You lose your place of residence it coast a considerable amount of money just to start over. In this type of situations there are usually new deposits needed for both housing and utilities. There is also many times other hidden expenses in moving.
10)The deal of a life time. You can not miss this opportunity. You know this is something you would pay a lot more for if you wait. I remember once I was sold a good running used car for 125 dollars. No way would I miss out on that deal by not getting a loan.