Funerals can cost from several hundred to thousands of dollars. Most families are not in a position to pay cash for a funeral, and often funerals occur when least expected. It can make it very difficult for a family to pay for these costs, even if sharing the expenses. Some family members may consider a loan to cover some or all of their shared expenses.
Just what they sound like, loans to cover the cost of a funeral. Loans for funeral expenses are personal loans. In this time of a pandemic, it is a very common occurrence to face an unexpected funeral. Consider this:
Congress included some funeral cost relief in its approved support package, but understanding how to qualify and apply for it is cumbersome, time-consuming, and information is hard to find. Many families have resorted to GoFundMe campaigns with some success. Over 20,000 of these campaigns have been run with mixed success.
This sounds great but considering more than 600,000 deaths and counting, and it leaves 97%+ of people searching for another solution. Sometimes the solution is a loan of some kind.
Any cost directly associated with a funeral may be paid for with a funeral loan. The difficulty is getting a loan large enough to cover an expensive funeral which may cost $15,000 or more. The average funeral costs about $10,000 but is more expensive in metro areas. Many people have scaled back their funeral or even considered cremation services which are much less expensive. Some funerals may include these costs: Cremation or Casket, Burial plot, Headstone, Embalming fees, Day-of-burial costs, Catering, Flowers, and other memorial items.
You should explore all possible ways to cover your funeral expenses. Start with the government assistance programs. They may pay a large portion of the expense. Other loans to consider are bank loans, loans directly from the funeral service (not all offer such loans), installment loans which are typical $1,000 or more and easier to obtain than traditional bank loans, and even payday loans.
There are several benefits to using no teletrack payday loans. Among them are:
Payday loans are smaller but easy to qualify for and fast to obtain. They will not generally cover all of a funeral’s costs but may help a family member contribute to the expenses.
For people with little to no cash in the bank, a payday loan may be the only option to cover some of the funeral expenses. These funeral loans are short-term and fee-based and do not require good credit like bank loans and similar options. So, there are funeral loans for bad credit.
Applying for a funeral loan is a simple, safe, online process that can be done in less than 5 minutes. The loans can vary from $500 to as much as $1,000. CashOne has more than 120 direct payday lenders and helps you find the best lender according to your situation. This increases your odds of approval.
There are no hidden charges, no upfront fees of any kind, and we are open 24/7 and 365 days a year. More than 80% of those who applied are approved. We have been in business for almost 20 years, so you know we are a trusted source for Americans from coast to coast. Our service is at no cost to you!
Just go to our online payday loan application form and get started.