If you need emergency cash to pay for the electric bill then you may be curious about where you can begin. The good news is that there are options out there when you are struggling to pay for your electric bill or any other energy bills. As many Americans struggle with the pandemic, things are hitting even harder for those who were low income from the start. The good news is in response to COVID-19 there are financial assistance programs added to or created to help those struggling with their utility bills.
A few other options include talking to your electricity provider, emergency loans, or looking into non-profit organizations for the help that you need. If a loan option does sound like the right option for you then start with Max Cash Title Loans the #1 nationwide title loan marketplace.
Below you’ll find more details on all of these options for paying your electric bill, or any other utility bill you may need to pay.
Talk to Your Electricity/ Utility Provider
When you are struggling to make your payments to your electricity provider, although many electricity providers may accept late payments, not paying your bill can lead to shutoffs. The good news is that most electricity or utility providers may be willing to work with you to come up with a payment plan/ payment arrangement that fits your budget, also known as budget billing.
And so, talk to the provider/ utility company when you need bill assistance.
Payment Assistance Programs for Emergency Cash to Pay for the Electric Bill
As the pandemic makes things harder for many Americans, low-income households and low-income families have been hit extra hard. The good news is that there are all kinds of cash assistance through government programs that can help. Below are some programs that you should look into that can help take care of energy costs:
Low Income Home Energy Assistance Program (LIHEAP)
LIHEAP offers all kinds of utility assistance, including help with an electric bill for low-income families in need.
Cash Assistance Through the CARES Act
The CARES Act was passed for relief due to the Coronavirus. Along with help for large businesses, small businesses, renters, and homeowners, the CARES Act also provided stimulus checks. The funds for these are meant to be a safety fund for emergency expenses and can be used to pay the electric bill.
Your Local Department of Health and Human Services Can Help you Pay for the Electric Bill
Your local department of health and human services may be able to help. In some cases, this can mean financial assistance, however, their main function is to connect people with resources in and around their community. And so, they may be a lifeline of resources when you need financial help
Community Action Agencies
Community Action Agencies (CAA) are local private and public non-profit organizations that assist and fight poverty by empowering the low-income families and individuals.
Temporary Assistance for Needy Families (TANF)
TANF can provide low-income families, individuals with dependents that are children, and/or pregnant women, that are struggling to make ends meet. Along with assistance with utilities like the electric bill, the can help with food assistance (SNAP), housing assistance, health care, and even help with things like childcare or transportation.
The United States Department of Housing and Urban Development (HUD)
HUD can help homeowners and renters who are struggling to get the help they need so they can avoid things like eviction, or shut-offs. When you need help to pay for utility services they may be able to help.
Non Profit Organizations for Emergency Cash to Pay for the Electric Bill
Nom profits like The Salvation Army, The United Way, and even local religious groups could provide utility assistance programs or cash assistance programs.
Emergency Loan Options That Can Help
Another option to consider for emergency cash to pay for your electric bill is a loan. Here are a few loan options to consider when you need one-time assistance:
- Personal Loans— personal loans are one of the most popular kinds of lending out there. They can be used for a variety of reasons, and come with all kinds of interest rates, values, and repayment terms. Traditionally personal loan lending will take about a week, but there may be lenders out there who can work much faster than that. For those who have less than perfect credit, personal loans can also be secured by an asset.
- Credit Cards— the average American has about 5-6 credit cards. Using an existing credit card for emergency funding can be one way to make ends meet.
- Title Loans— title loans are secured by the borrower’s vehicle. The lending process for these loans is extremely simple, and in-turn funding could be made available on the same day. With title loans, it is important to look at several lenders before making a decision.
- Pawn Shop Loans— Pawn shop Loans are secured with an asset. The asset is given to the shop and kept there until the borrower pays back the loan.
- Payday Loans— payday loans are secured with the borrower’s paycheck. In general, these short term loans work well for those who are looking to borrow a relatively small amount of funds, and for those who have less than perfect credit.
Why Choose Max Cash Title Loan for a Title Loan for Emergency Cash to Pay for the Electric Bill?
When working with Max Cash Title Loans, and the lenders that we work with strive to make the process as easy as possible. Here are a few ways we do so:
- Complete Everything Online—, the entire inquiry process can be done from the comfort of home. This can save you tons of time and effort, which comes with different lending options.
- Only a Few Pieces of Information Required—In order to apply for a title loan with the lenders that we work with, only a few pieces of information/documents will be required!
- Funding Could be Available the Same Day—with Max Cash Title Loans funding could be made available on the same day that a borrower applies!1 2 5 Making these loans perfect for emergency funding.
- Get Funds Easily—once approved for a title loan, there are many ways to pick up the funds. 1 2 The money can be transferred to a bank account, made available in cash, through a check, or picked up at a MoneyGram Location! 1 2
What will the Title Loan Process Look Like?
The inquiry process when working with Max Cash Title Loans, and the lenders that we work with is simple:
1) The Initial Inquiry Process—The initial inquiry process will usually be some type of short form that you will have to fill out. This will usually include the basics such as contact info, and general information about you, and your financial needs.
2) Discuss Details with a Loan Agent—Once an inquiry form is filled out, a loan agent will contact you. At this point, they may ask for some additional information related to the loan. They will also discuss the next steps toward eligibility.
You’ll have to send in some documents, which can be either done through email or text. When it comes to loan eligibility, it will usually be determined fairly shortly after contact, when a lender is found. 5
3) Funding—Once approved for an online title loan the funds may be able to be transferred straight to a bank account, mailed through a check, or picked up at a local MoneyGram. 1 2
What Documents Should I Have When Applying?
Here is what you’ll need when applying for a title loan:
- A Valid State Issued ID
- Proof of Income
- Proof of Residency
- The Car’s Title
- Car Insurance
- 3 References
- Several Photos of the Vehicle
Inquire About Emergency Cash to Pay for the Electric Bill
When you need emergency cash to pay for the electric bill, there may be several options that you can look into. Talking to your energy provider may be an option to consider. While for others who will need long term assistance, looking for financial help may offer a solution.
If you are thinking of a title loan, then start with the experts at Max Cash Title Loans. Head to our website and apply for an online title loan or give us a call at 855-561-5626. For more information on title loans, check out our info page, or FAQ page for answers to commonly asked questions.