Need Money Urgently“Financial Emergency”

by credit bazzar Instant payday loan in as short as 15 minutes

Historical Background:In olden days, there existed a barter system wherein human beings exchanged goods with each other. Slowly coins of copper, gold, silver were minted and used to purchase items.India, China, Lydia, Greece were some of the countries wherein the culture of making coins spread. After that paper notes with lining of gold and silver began printed and came into use. They were light weight and had lot of value as compared with the coins. Slowly in India on 8 November 2016 demonetization was announced and all old currency notes were withdrawn and were going to be replaced with new ones of denominations of fifty, two hundred, five hundred and two thousand rupees. This was mainly done to bring out all the black money held by people. All old currency notes were to be deposited and new denominations which were limited in number were being given. The limit was as less number of new notes were printed. During the course many notes were found floating in water, some were deposited by needy and lot of wealth underground was uncovered. However some suffered specially those who were supposed to get married in which we need money urgently, for dearth of cash to pay for decorations, catering, transport etc. and had to be helped by relatives and friends.

Financial Need:Financial emergency wherein we need money urgently can occur at any time. Money might be needed when some near or dear one is hospitalized, marriage preparations are in progress, house is to be bought and many other critical situations in life. At times it might be needed for business or starting a new venture. The basic requirement at difficult times is money or financial assistance.As most of the population in India is salaried class, they do not have cash and are able to live by meeting all basic needs. Hence if any heavy expense is to be incurred there should be possibility of arranging for the same easily and without many hassles.

Mechanisms of Meeting Urgency:With internet banking and paperless transactions, we are able to get the financial assistance when we need money urgently. A number of private banks offer personal loans with few documents like address, identity, income proofs in a short time. With just a phone call, representatives of the bank are available at the doorstep to assist in filling the documents and collecting them. After this processing takes a day or two and in case everything is in place the loan gets sanctioned at the earliest. Nowadays the credit ratings are cross checked between the banks for preventing defaulters. We can also ask our relatives and friends to transfer money online which hardly takes few minutes whenever we need money urgently. As the fixed deposits in the bank are also paperless they can be broken at any time.Immediately, the amount gets transferred into the account after deduction of Tax Deducted at Source (TDS).It can then be withdrawn from the bank. Hence cash availability has become easier with simplified procedures.There is a famous saying of Lord Buddha that “Money is the worst discovery of human life.But it is the most trusted material to test human nature”.