How to Face Sudden Hospital Emergency Situations?
Nowadays with the increase in the number of diseases and heavy traffic, people are being hospitalized continuously either due to sickness or due to sudden accidents that are happening everywhere. Sudden hospitalization of a close relative or sometimes yourself may lead to a panicking situation especially if you do not have any money at hand. In order to overcome the problem of money, there are many solutions available in the market. There are also certain precautions that need to be taken to avoid future situations like this.
Some of the major solutions include taking an emergency loan from banks to taking up a payday mobile text loans from the direct lenders. While this might be a risky option considering the situation you are facing right now, it is bearable.
Credit card
A credit card is one of the major boon provided by banks for the people facing emergency situations and various other situations. If you have a Credit Card, you can use it to pay the hospital bills and the amount can be repaid at the bank after 45 days. Sometimes you can also pay the amount back after 60 to 90 days with the fine that would be proposed by the bank. But make sure to talk to the banking officials about your situation before extending the repayment.
Bank loans
If you do not have a Credit card or you have already crossed the limit of the credit card, then the next step is to obtain an emergency loan from the bank using the credit you already have. If you have any form of security available, you can also submit to make the approval process quicker and easier. Once the loan is approved, you can use it to pay the hospital bills and the repayment can be done slowly.
Gold loans
There are several gold loans available in the market and people can also place their gold to protect their loved ones. If the gold loan is been taken from the bank, it would ensure definite safety of your gold ornaments until you repay the amount back. If you are going for a private organisation, make sure about its reputation before submitting your gold jewellery.
Payday loans
Payday loans are also a form of short-term, instant loans that can be obtained easily from the direct lenders either by visiting their office or by applying online. This online application method is easier especially for emergency situations like hospitalization where it would be impossible for you to leave the patient or if you are the patient, then it is necessary for you to obtain the text loans or doorstep loans available in the market. Under these loans, the money will be credited directly to your bank account and the repayment will also be collected by the executives directly from you. Thus preventing you from visiting the lenders office every time for repayment, which would be impossible for you especially if you are severely injured.
How to prevent them in the future?
Even though you have obtained a loan right now using the above methods, it is essential for you to take precautionary steps to avoid future situations like this. Take up a complete insurance policy which will be useful and can be used in situations like this.
Also, it is essential for the people to save up some money in a separate account that should be used for only emergency situations and should be remained untouched for any other kind of situation. Since you hospitalized, depending upon your health conditions taking up insurance might be impossible since most of the insurance companies reject the application if the person already has a pre-existing condition. So saving of money in a separate account is one of the best methods for future emergencies.
