Interest on Emergency Loans Can Get ‘Ugly.’ What to Know When You Need Money Quickly – TIME NextAdvisor
- September 21, 2021
- By: Greenpath Financial Wellness
Excerpt from Time NextAdvisor discusses the best options when there is an immediate need for cash, with insight from Financial Wellness Expert, Jeff Arevalo.
Unexpected emergencies can make a dent in our finances.
The TIME NextAdvisor looks to GreenPath to help explain the different kinds of emergency loans, ranging from traditional installment loans to more predatory forms that charge exorbitant interest rates.
Before taking out a loan, understand how each type works and what kind of fees to expect. See insight from Jeffrey Arevalo, a financial wellness expert at GreenPath Financial Wellness.
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Coping with an emergency? Understanding your options starts with a conversation. Our financial counselors are available to talk. They can help you figure out a plan to manage a crisis and will walk through your whole financial picture to help you identify options that can relieve stress and make it easier to bounce back.