Category: Loans

loan on car title

Why You Should Consider Car Title Loans

2020-06-29
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 |  Loans

When an urgent need for cash arises, say to repair a car that has broken down or to foot a medical expense or any other, you have to source for the money from a source that will avail it fast. You may not have had a good credit history, but you could repay a loan, so you need a lender who will accommodate you.

Here are some of the reasons you should consider car title loans to bail you out of cash crisis:

Fast Cash Processing

quick casWhile the conventional loans are lengthy processes that involve tons of paperwork, submission of documents, verification of information, and so much back and forth, car title loans are pretty quick and convenient. You can apply most of these loans online, and on submitting the form, you could have the cash in your account within 24 hours.

You Still Keep Your Car

audi carA significant advantage of this kind of loan is that you still have the right to have your car and use it. You only utilize your car’s title as collateral for the loan. And once you clear the loan, you get your car title back. As such, your mobility is not hampered by having to hand over your car when you take a car title loan.

Better Than Cash Advances

quick cashWhile car title loans use car ownership as the security, cash advances have no collateral. Thus, the former have a layer of protection and do not have higher interest rates like cash advances. Therefore, you can rely on this loan when in a cash crisis and not pay so much for it if you have a clear vehicle title.

Easy Eligibility Criteria

Do you have a poor credit history, but you need some cash? You do not have to worry because you can rely on your clean car title and ability to repay to qualify for a car title loan. If you own a car, an SUV, a truck, or any other automobile, you can easily be eligible for this type of loan. The critical thing to note is that this loan does not depend on your credit history but on your vehicle’s value and ability to repay. So, with an automobile and a consistent income, you can quickly get this loan.


Let’s face it; life can get hard and stressful at times. But you can avoid going through a severe cash crunch if you have a car. You can take a loan against its title to help you return to your feet.…

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Various Benefits of Payday Loans

2019-12-01
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 |  Loans

The truth is that the payday loan market has grown substantially in the last couple of years. That is quite understanding considering the current economy and a lot of people who are underpaid. In fact, this has resulted in millions of people across the world to resort to payday loans that have become popular for providing a quick way out of financial emergencies.

To get things into perspective, a lot of people require payday loans for emergencies such as paying their utility bills, car repairs, and medical attention. Most of these situations do not need too much money and only require smaller sums that can be paid back on time. These are some of the benefits of payday loans.

Fast Credit Check

You should note that most payday loan providers do not require a credit check. Therefore, you do not have to worry about your credit score. Instead, you only need to provide the required documents to proof that you have a decent source of income that can allow you to pay your loan in time. Also, you need to be above 18 years. There are a few loan providers that will check your credit rating. That is usually done when applying for higher loans.

No Upfront Fees

Although payday loans are a bit expensive when compared to traditional loans, there are no upfront fees. That means all the interest along with the debt must be paid at the end of a turnaround period, once you can pay back your debt. This has greatly increased the popularity of payday loans across the world.

Application is Quite Easy

In the case of traditional loans, you are required to wait for many days or weeks before the money is transferred into your account. However, that is not the case with payday loans, as they can quickly process your funds within a few hours. That is great when dealing with emergency financial situations that should be solved as quickly as possible. Moreover, your documents are processed quickly, so you will not be wasting your important time.

Loan Automatically Transferred

When the time of paying the loan has reached, the lender will debit your account. In this way, the lender will get the loan plus interest fees. That means you will not need to spend time at the bank or even make the transfer yourself, unless you have to do so.…

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