A few years ago, I managed to get myself into a financial crisis. I had just moved to Jacksonville, Florida, to take a new job. The job offered a much higher salary than I was accustomed to. There were continual bonuses, incentives and promotions. I was excited about my earnings and started spending. I bought a house that was at the very limit of my budget. I went shopping for furnishings and bought myself a new car. I opened up a credit card and charged everything from vacations and clothes to electronics and fancy dinners. I was having a great time. Unfortunately, everything fell apart at once. My company folded, and I was suddenly out of a job. I got into a car accident that was entirely my fault. I totalled my car, another car and sustained injuries. Without my job, I had no medical insurance and was stuck with hefty medical bills. I couldn’t pay off my credit card bills and the late fees added up quickly. I failed to keep up with my mortgage and was on the verge of foreclosure. I needed an influx of cash very quickly. I decided to sell my home to a cash buyer. I contacted them online, provided a bit of information and secured a cash offer in less than twenty-four hours. Instead of waiting months and risking the deal falling through, the cash buyer expedited the process so that we closed within seven days. The whole amount from the sale was deposited immediately into my account. There was no waiting.
