Day: January 29, 2020


Sometimes you need money for an emergency. Or you already have an expensive loan, and lowering the payments could give you a little extra cash every month. Or you know your small business could thrive if you had just a little more working capital. In these types of situations, Simple Path Financial advises that a loan might be the way out of a jam.

1. Personal Loan

Life is expensive and often unpredictable. Your spouse breaks a leg, or your kid has a once-in-a-lifetime chance to travel abroad on a school field trip, and you just don’t have the cash. You usually have a small income cushion every month, but that doesn’t help you now. A personal loan can often provide you with the money you need.

2. Student Refinance

Like a high percentage of American college graduates, you may have student loan debt, and it will typically stay with you for decades. Simple Path Financial suggests that refinancing a federal student loan can generally yield a more manageable monthly payment and help you get out of debt sooner.

3. Business Loan

The first years of a small business are often the hardest, from a financial standpoint. Small business loans can help you stock up on inventory, buy a new company vehicle, or make sure your staff gets paid during the slow season.

Almost no one wants more debt, but sometimes it can be a sensible solution to get over whatever obstacle is in your way.


For those who are struggling with personal debt, it can be an overwhelming weight that seems impossible to conquer. Some of the easiest sounding steps to take toward success are also the hardest. However, these steps are worth taking.

Go All In

If you are going to conquer your debt, you must decide that you have had enough of debt. You can‘t be on the fence with your credit card use or financing your purchases. You have to be committed and stop charging things immediately. You can turn to a resource like Rescue One Financial if you need extra motivation to cut up those credit cards.

Save Your Money

Although you need to pay off your debt, you need to start stashing money into a savings account. This is what many financial experts call an emergency fund, which becomes a place to turn whenever something becomes financially chaotic. Rather than increasing your debt and calculating a reassignment of repayment through the services of Rescue One Financial, you can pay cash for new tires and stay on track.

Swallow Your Pride

It can be painful to skip the guy’s night out or decline a vacation weekend with friends. Swallow your pride and realize that these sacrifices will be temporary. Financial freedom will open doors down the road.

Don’t drown in debt. Make a bold move toward gaining control of your finances.