Received mail offer?   |   Log In

3 Options to Receive Emergency Financial Assistance

May 8, 2020 by Daniel Azzoli

3 Options to Receive Emergency Financial Assistance

You never know when you’ll find yourself in a financial emergency. The truth is nobody can predict the future. Everything in your life may seem relatively stable when all of a sudden, you run into an unexpected emergency that turns your fragile budget upside down. If this happens and you’re not prepared with an emergency fund at the ready, you may need financial assistance to help you out. With all the uncertainty in life, it’s important to know how and where you can get help if you ever need emergency financial assistance.




1. See if You are Eligible for a Government Program Based on Your Emergency Financial Needs

Did you know the US government has several programs designed to help people who need financial emergency assistance? If you want to know more about these programs, you should educate yourself on how this assistance works.

The government offers financial help for affordable rental housing, financial aid for students, food, and unemployment. Typically, to be eligible for government financial assistance, you’ll have to contact and apply with the correct agency that manages each specific program. Once you do this, they’ll analyze your application and identify if you qualify for any benefits. can be a valuable tool to help you determine which benefits you may qualify for. After filling out a small questionnaire, you can quickly find out whether or not you qualify for governmental financial aid.

2. Apply for a Personal Installment Loan

A personal installment loan is a short-term small-dollar loan which you generally pay off over the course of several months. These loans, sometimes known as a cash advance, are commonly designed for people who need money quickly for an unexpected emergency, like a flat tire preventing you from getting to work, or an unexpected medical expense. In order to qualify for an installment loan, you’ll need to meet certain requirements, which may include things like:

  • Being of legal age to contract the loan.
  • Having an active bank account.
  • Having a regular source of income.

An installment loan might be a way to help you deal with an unexpected financial emergency, however, you need to be cautious. It’s important to make sure that the lender you’re borrowing from is a licensed lender, and to make sure that you have the ability to pay back your loan on time.

3. Research Specific Emergency Financial Assistance Funds

Other than the government benefits and the short-term loan we described above, you may also be able to find emergency financial assistance funds. If you have problems paying your rent, your mortgage, or medical bills, and you don’t qualify for any government programs, you can explore different options available through nonprofit funds. Do some research on programs like 2-1-1, Modest Needs, Volunteers of America, Community Action Partnership or The National Association of Free & Charitable Clinics and find help for medical costs, assistance with housing issues, or even utilities.

How to Prepare for your Next Emergency

One of the best things you can do to help prevent some of the financial strain you might face when you run into an unexpected emergency in the future is to start an emergency fund. This way you can contribute to a fund that’s intended for just this scenario.

An emergency fund is exactly what it sounds like; it’s money you set aside in case of an emergency. If you can manage to make regular contributions towards your emergency fund into your budget, you’ll have a little nest egg set aside to help you tackle any unforeseen expenses that you can’t ignore. Even if this money doesn’t cover the entire cost of your emergency, it may at least help to mitigate some of the damage to your bank account.

Explore Your Emergency Financial Options with MoneyKey

MoneyKey, a licensed lender and credit services provider, has provided loans to people who have found themselves in financial distress. Knowing your options in an emergency, may help you make the best choice for you. Learn about Installment Loans and Lines of Credit offered through MoneyKey.

We’ve helped over 400,000+ customers.Let us help you!

Not all applications are approved; duration of approval process may vary. Credit limits/loan amounts are subject to further verification criteria. If you are a returning customer, loan amounts may vary.

*If approved, any requested funds may typically be deposited into your bank account the same business day; timing of funding may vary by product and state. The date and time funds are made available to you by your bank are subject to your bank's policies. For specific funding cut-off times, click here.

**You may request a draw from your Line of Credit at any time, so long as you have available credit and your account is in good standing. In the State of South Carolina, you can withdraw the total credit available to you all at once, or in smaller amounts over time as you need it, with a required minimum draw of $610.

As you move through your credit journey, your account may become eligible for reduced charges and/or increased credit limits/loan amounts based on good payment history over time. You will receive notices, as applicable, regarding your individual circumstances and eligibility.

Depending on your state of residence, applications submitted on this website may be originated by one of several lenders, including: CC Flow, a division of Capital Community Bank (CCBank), a Utah Chartered bank, located in Provo, Utah, Member FDIC. The CC Flow Line of Credit is provided by CC Flow. Additionally, CC Flow maintains critical control over loan origination, underwriting approvals, and regulatory and compliance oversight management. MoneyKey is an authorized servicer of CC Flow. This means the CC Flow Line of Credit is available through MoneyKey and you will maintain your CC Flow Line of Credit account through MoneyKey.

Product availability varies by state. To see loan products offered in your state of residence, please visit our Rates and Terms page.

MoneyKey – TX, Inc. is licensed as a Credit Access Business (CAB), License No. 16641-62815, by the Office of the Consumer Credit Commissioner and registered as a Credit Services Organization (CSO), Registration No. 20110150, by the State of Texas. All loans for which MoneyKey acts as a CSO/CAB are funded by an unaffiliated third-party lender and serviced by MoneyKey. In the State of California, MoneyKey – CA, Inc. is licensed by the Department of Financial Protection and Innovation pursuant to California Deferred Deposit Transaction Law License No.1004516.

Reviews and any ratings referenced are based on Trustpilot reviews. Images are for illustrative purposes only. Reviews reflect individuals’ opinions and may not be illustrative of all individual experiences with MoneyKey.