When emergencies arise, car title loans are available to help you get through a rough patch. However, if you find yourself needing a more permanent solution, you may need to try a creative solution to save money, such as telecommuting to save on the cost of commuting to work.
Do you find yourself short on cash and needing a car title loan to get through the month at certain times of the year? You may want to check your utility bills to see if there is a correlation.
Car title loans carry a reputation for “bleeding the poor”. The title lender does not chase after people to apply for loans, but it does offer quick access to emergency cash to those who own their own vehicle. The real fact in the matter is that being low-income is not a
When people think of car title loans, much like payday loans, there tends to be certain demographic stereotypes which come to mind. Most people would assimilate a title loan with large metropolitan regions focusing in on the low income areas. In 2005, there was a study done in Cook County Illinois to gather as much possible information on car title loans based on public information. Chicago is located in Cook County and naming the city gives a reader a better idea on the demographic region represented in the study. There were no more recent findings posted, but knowing how today’s society … Continue reading
Car title loans now carry comparable interest rates to credit cards. Is it because these short-term lenders decided to lower their rates? Not really; some states have capped the interest rate amount which a title loan lender can charge against outstanding balances. How did they get to be in similar ranges then? Car title loans are not much more expensive than some credit cards. Many folks, who have experienced financial difficulties or have seen their debt totals significantly increase, may also note that their credit card interest rates have also followed suit. It … Continue reading
I read an article today at how a car title loan can be helpful in crossing out items from a “bucket list”. It is a list created of all the things you’d like to accomplish before you die. The article suggests that a person should add extra trips to this list and use a title loan to travel in order to mark them as complete. Ideally, whether a person wants to plan vacations or take them sporadically, as long as you own the pink slip to your vehicle, then you will have access … Continue reading
Where do you turn when unexpected financial emergencies come your way? Sometimes, it is one large cost while other times its the sum of many smaller ones. Do you need to pay the mechanic in order to get your car back, or has the doctor prescribed a medicine that your insurance doesn’t cover? It’s a simple elementary cause and effect lesson. Actions or events are related. The result of too many bills may drive you to obtain a car title loan, a payday loan or running to a relative looking for a financial answer. … Continue reading
Could you utilize the fast cash from a car title loan to make up for lost wages? Taking a few extra days off to enjoy the holidays with family and friends may have been a great idea in the beginning, but if illness cause you to lose additional days, how will your finances bounce back from days without pay? A car title loan will help with emergency costs. Those living paycheck to paycheck will be negatively impacted by the loss of income. Short-term loans are often used as emergency means of funding a budget. The down side to … Continue reading
Is falling off the Fiscal Cliff going to send more people the car title loan lender’s way for money to pay their taxes? It is a good possibility that many Americans will not being getting the refunds they are used to if the government is not able to a put tax credits back into law. Those who normally have tax liabilities and maybe even some who never have may find themselves having to pay more taxes this next tax season. These expiring tax credits have been around for a decade or more and are an expected part … Continue reading
There are many risky alternatives to car title loans to get fast cash. Not everyone owns the title of their vehicle and has the opportunity to tap into the equity. People without good credit or have no credit at all seek out alternative banking opportunities and fast money options. A car title loan approval is fast money. If you need only a small loan of a few hundred dollars, there are alternative opportunities for quick cash. A payday loan is one option. No credit check applications make these loans an easy option. … Continue reading