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https://freedomcashlenders247.com/A Bankrate survey found that over half of U.S. adults— 57 percent — wouldn’t be able to cover $1,000 emergency expense using their savings. This can leave many searching for an emergency loan if an unexpected cost comes up.
Emergency loans can be found in the same places borrowers would seek out traditional loans. That said, each type of lender carries its pros and cons, so compare options before choosing one.