Believe it or not, not all debt is bad debt. There are actually some good reasons to take out debt. In some cases, the longer you wait, the more it can actually hurt you. Here are 3 reasons to take out a loan right away.
- Moving costs too expensive. If you’re getting ready to move, you may need a small loan to help you get all packed up and on your way. The costs can add up. Between boxes, deposits, new furniture, storage, movers, transportation and other small unexpected expenses, you’ll find yourself in the hole if you’re not careful. Taking out a small loan may be a good idea.
- Car repair expenses. Reliable transportation is important. If you need to pay for unexpected repairs, a small loan may be necessary.
- Need home improvements. If you need to make home improvements, but don’t have the cash, this is also a good reason to get a small loan.