October 18, 2017

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Real Stories: What Can I Use an Auto Title Loan For?

When customers hear about auto title loans, they wonder what can I use an auto title loan for? We are so used to traditional lenders putting a restriction on the loans we take out, needing to verify a specific need that we have which we will use the money for. We tell our new customers all the time that we have a variety of different reasons that customers have used auto title loans. Here are two stories where each customer had a very different reason for using their auto title loan.

Make Rent

2010 honda civicAna R had recently gone through a divorce and didn’t want to stay in her house any longer. It was too much to take care of by herself, so she thought about renting it out. In order to do that, though, she needed to move herself into an apartment. She really didn’t have any extra cash to move herself out, so she searched for ways to get extra cash without having to go through an extensive loan application process.

That’s when Ana R found TFC Title Loans online. She knew she had a clear and free title on her 2010 Honda, so she sent that in and hoped to get as much as she could on it. TFC Title Loans was able to offer her exactly what she needed, and at a great rate.

Ana R said for the amount she got and how quick she was able to get her money; the process was not difficult at all and the customer service was great and very helpful. She plans on making payments, which means she should have her loan paid off in no time!

Car Repairs

2006 CheveroletRoxsan G really needed to make some car repairs and didn’t have the extra cash to go out and get it done. She knew she needed a quick way to get the money to cover the repairs on one of their cars. While watching TV, a commercial for TFC Title Loans came on and it was like an answer created itself.

Roxsan used her title on her 2006 Chevrolet Silverado as collateral for her auto title loan. If Roxsan didn’t get her title loan, she would have to sell another property that they owned. Lucky for her, one of the main reasons she chose TFC Title Loans was because of their high approval rate. She was given her free quote and she accepted.

Roxsan said she found the application easy, which helped her to get her auto title loan complete with all the information in just one day! She reported a very good customer service experience, which is what TFC strives for with every customer. Her final comment she had before walking out with her much-needed funds: Thank you.

What is an Auto Title Loan?

So, in the end, what is an auto title loan? Our customers seek auto title loans when they need quick cash. An auto title loan is a secured loan that allows you to use the title of your vehicle as collateral for the loan. By using the equity value of your car, TFC offers auto title loan values from $2,500 to $50,000. While you use your money, and pay back your loan, you get to continue driving your car, regardless if we have the title until the loan is paid off.

Auto Title Loans with TFC Title Loans

TFC Title Loans has been offering customers amazing benefits since 1994. We’ve helped thousands and thousands of customers get the money they need to cover expenses like rent, car and home repairs, medical bills, credit card bills, vacations, and more!

Some of the amazing benefits we offer include:

  • Fund from $2,500 to $50,000
  • Loan terms from 24 to 36 months
  • Amazing customer service
  • Streamlined online application
  • Quick and easy process
  • Funds in as little as one day
  • Competitive interest rates
  • High approval rates

TFC Title Loans puts our customer first. We offer so many benefits to help you get the cash you need in order to pay your impending financial obligations. We collect real stories from our customers so they can inspire you to get an auto title loan with TFC and instill that trust in us. Contact us today and get your free quote!

October 17, 2017

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How Much Money Do I Need to Retire?

reitredNo matter your age, it’s never too early or too late to think about retirement and asking yourself, “ How much money do I need to retire? ” If you and a spouse both bring in $42,000 a year from Social Security, but need $60,000 a year for your anticipated expenses, that means you’ll need $18,000 more a year. According to the 4% rule, you will need $450,000 in retirement savings/investments to generate the extra $18,000 a year. 4% of $450,000 is equal to $18,000.

The 4% Withdrawal Rule

For the past 25 years, people have used the 4% rule to make sure their income for retirement will be sustainable. The basic premise behind the rule is that you take out 4% of your retirement savings in the first year, and then increase the dollar amount each year after based on inflation.

According to recent data, retirement age people have only $140,000 save for retirement, which means $5,600 per year if you stay at 4% withdrawal every year. On average, this is far less income than many retirees depend on to supplement Social Security pensions.

Can You Retire on $1 Million?

The Cost of Living Index can help when determining how much you’ll need to save for retirement, whether you plan on staying in the state you live in or you have a specific location in mind. You can figure out house much it will cost you to live there and how much you’ll need. According to HowMuch.net, they were able to look at the cost of living index and figure out how much $1 million could get you in each state.

They found that, for places like Hawaii where the index is much higher, $1 million will only last you 13 years. In other places like Mississippi and Arkansas, it could last you more like 25 years.

Top 5 Money Friendly States for Retirement

  1. Mississippi – $1 million can last 25 years and 6 months
  2. Arkansas – $1 million can last 25 years
  3. Tennessee – $1 million can last 24 years and 5 months
  4. Kansas – $1 million can last 24 years and 5 months
  5. Oklahoma – $1 million can last 24 years and 4 months

Top 5 Money Unfriendly States for Retirement

  1. Hawaii – $1 million can last 13 years and 1 month
  2. Washington DC – $1 million can last 14 years and 2 months
  3. California – $1 million can last 15 years
  4. Oregon – $1 million can last 16 years and 7 months
  5. New York – $1 million can last 16 years and 7 months

In Arizona, $1 million can last you 22 years and 7 months while in New Mexico it can last you 23 years and 2 months. States with bigger cities like Chicago in Illinois, it’s estimated $1 million can last you just one month less from Arizona at 22 years and 6 months and the big retirement state of Florida lets $1 million last you 22 years and 2 months.

In the end, it will be important to consider the cost of living index for your state when you plan for retirement. The 3 main sources for retirement income include employment-related, government pensions, and personal investments. Ask your company about a 401K plan, and any other investments that you may be considering for your future endeavors.

TFC Title Loans Helps All Ages

Are you a younger adult planning for retirement or you are already in retirement mode? TFC Title Loans can help you with a boost of quick cash when you get an auto title loan. By using your vehicle as collateral for the loan, you can get anywhere from $2,500 to $50,000 with TFC Title Loans.

In order to get that money, all you need is a clear and free title on your vehicle and proof of income. Even if you’re retired and you don’t have a job, you just need proof of income and your social security or employment-related benefits count as income. We just need to know you will be able to pay the loan back.

Apply with TFC Title Loans for an Auto Title Loan

Applying with TFC Title Loans is easy, even if you don’t consider yourself computer savvy. Our online application takes less than 5 minutes to complete! Or, you can head into your nearest TFC location to have some help filling out an application with a representative.

Your representative may ask for a couple qualifying documents just to ensure of your proof of income, the vehicle’s title, and more. Once you’ve submitted those items, you’ll be able to head over to a TFC location to sign your documents. You’ll walk out with your cash in hand!

Don’t hesitate to call! See if you qualify for an auto title loan today!

October 16, 2017

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Real Stories: Fast Auto Title Loans

When we are in need of funds for personal obligations or family emergencies, it’s usually with urgency that we need these funds. With the amount of paperwork it takes to retrieve a loan through traditional lenders, we could be waiting weeks or even months before we see the money that we need. Luckily, with TFC Title Loans, we are able to offer you fast auto title loans that can get you the money you need in as little as one business day.

Joseph B: “TFC Chose Me”

2003 hummerJoseph B contacted TFC about our auto title loans when a personal financial obligation became too stressful. He heard about us online and kept seeing our name everywhere he went whenever he tried to find a solution to his financial obligation. In a way, he wrote, “TFC chose me!”

He brought in the clear and free title of his 2003 Hummer. It was in great condition with only 121,000 miles on it. It almost looked brand new! With his proof of income, TFC Title Loans was able to offer him $3,400, which was exactly what he was looking for. Without TFC, he really didn’t know what he would’ve done to cover that financial dilemma.

Joseph B got his funds in just 2 days after he submit his application. It was fast and quick, collecting that funds he needed was just as easy as the application. Overall, Joseph reported good customer service experience with TFC Title Loans, and we couldn’t be happier. Joseph is set to pay off his title loan in 36 months, and we’re sure that while he’s working he’ll have no trouble.

Frances M & Her Family Emergency

It was with urgency that Frances M contacted TFC Title Loans in need of a title loan. A family emergency had just come up and she didn’t know how she’d be able to afford to pay for it without the help of TFC. Because of our easy, online application, Frances chose TFC as her auto title loan lender, and we’re positive she made the right choice.

TFC was able to offer her $2,510 since Frances only wanted the minimum amount. Without TFC, she said she wouldn’t have known what to do. Luckily for her, because of TFC’s fast application and our amazing customer service, we were able to get her the funds she needed in just 1 day!

Frances plans to work to pay off the loan and budget as she continues with her term. TFC Title Loans has all the faith that Frances will be able to pay off her auto title loan sooner than she expects. And, if she runs into anymore problems financially, TFC will be there to help her with her auto title loan.

Fast Auto Title Loans with TFC Title Loans

What did Joseph and Frances have in common? They both went through TFC Title Loans to help pay for their financial dilemmas. By using our online application and having all the documents they needed ready for their representative, they were able to get the money they needed in just 1-2 days from the time they applied! To get your money as fast as these TFC customers, follow these three steps:

  1. Apply through our online application. It takes less than 5 minutes, and we just need your name, phone number, email, and the basic information about your car.
  2. A TFC Title Loan agent will call you once they receive your application and establish your free quote. They’ll ask if you wish to continue, and you’ll be able to reject or accept our offer. Then, your TFC agent will ask for the following items:
    • Photo ID/Driver’s License
    • Vehicle Insurance
    • Vehicle Title
    • Proof of Residency
    • Proof of Income
    • Pictures of the vehicle
    • 4 references
  3. Once you’ve submit the required documentation, you can head over to your nearest TFC Title Loans location to have your car inspected, sign your terms, and be on your way with your funds in hand!

Applying with TFC Title Loans is free and simple. You just enter your information and we take care of the rest. In as little as one business day, you could have anywhere from $2,500 to $50,000 in your pocket when you walk out of TFC Title Loans. Call us today, or apply with our application online.

October 6, 2017

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How Much Does It Cost to Build a House?

constructionBetween Pinterest, HGTV, TLC, and all those home improvement shows, you sometimes wonder if it’s better to just build your own house. But, how much does it cost to build a house? According to the HomeAdvisor, the average cost falls at $286,369, but can range anywhere from as low as $152,639 to as high as $421,983.

Cost to Build a House

There are many different types of homes and an equal amount of different ways to go about building your own home. Whether it’s sinfle family or detached, you can choose to go with a developer or pick your professional. The type of materials and the lot size play a factor in the price, as well as your location.

Custom Home: $350,000 – $1.5 Million

Designing your home from the floor plan and where you want there to be electric can cost you in money and time. If you’re passionate enough and truly want every last detail of your home to be chosen by you, then go for it!

Hiring a professional can cost at least 15% of the overall costs. One way you can knock down that cost is to ask your builder if they can help draw a floorplan instead of hiring a separate architect.

It’s hard to estimate exactly how much a custom home like that would be because it depends on the size and the materials you choose. On average, you can expect between $100 – $400 per square foot. When it comes to building a custom home, a big trend that people are settling for right now is building their own tiny houses.

Modular and Prefabricated Home: $50,000 – $300,000

On the cheaper side, the process to building these homes is a little different than the average house. Prefabricated homes are usually manufactured offsite and assembled together on your lot location. This can help save money and usually means a lower cost.

Modular homes are similar that they are created in sections and built onsite. Sometimes, this can result in smaller rooms but it can help with the cost.

Developers and Home Builders: $50,000 – $1.5 Million

A lot of builders will allow you a high degree of customization for your homes, but just a limited number of floorplans and locations to choose from. With locations, a developer or home builder is most likely creating a larger subdivision which you’ll have a couple to choose from.

While you may be slightly limited on the customization of your floorplan, they do offer a lot of personal interior and exterior customization. Not to mention that a developer could save you 15% from choosing your own custom professional.

Cost of Material and Machine

Materials can greatly affect the cost of your home. The type of materials to your home size, and even potentially what region you’re building in. Many professionals use a backhoe for machinery choice, which will cost about $70 – $90 per hour of operation.

Labor

The labor will also depend on the professional you choose and the complexity of your home.

  • Architect: $60 – $125 per hour
  • Engineer: $100 – $150 per hour
  • Land Surveyors: $300 – $700 per hour

Additional costs will come into play when it’s time for materials, parts, and assembly.

  • Foundation: $4,000 – $12,000
  • Framing: $1,500 – $6,500
  • Exterior finishes: $40,000 – $60,000
  • Major system installations: $30,000 – $50,000
  • Interior finishes: Upwards of $85,000

Steps to Build a House

When planning to build a house, it’s important to really create a list of things to do and know what you want ahead of time. Communication is key, whether you are hiring a professional or are going through a developer. Here are some important steps to follow:

  1. Create a budget
  2. Purchase property
  3. Choose a construction method
  4. Develop plans or designs
  5. Obtain permits and inspections
  6. Purchase construction insurance
  7. Begin construction
  8. Book a final inspection
  9. Complete landscape

Let TFC Title Loans Help You!

If you’re worried about the cost of your house project or you need help with some of your bills, TFC Title Loans can help you with quick cash using the title of your vehicle. By using the title as collateral, you can apply for an auto title loan and get anywhere from $2,500 to $50,000 in loans. As long as you have a clear-and-free title on your vehicle, TFC Title Loans can help you!

It’s easy to apply and takes 5 minutes to submit an online application. We have high approval rates, and if you don’t like your loan terms, you have no obligation to continue. Solve your financial problems today!

October 5, 2017

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Auto Title Loans Reviews

TFC Title Loans appreciates our customers feedback on our customer service and our auto title loans that we help people with. We are always looking to offer the best possible service, and to continue doing the good things. That’s why TFC Title Loans asks real customers to tell us their auto title loans reviews so we can share their stories with you!

Donovan G’s Auto Title Loan Review

2011 mercedezDonovan had some personal problems come up that him and his wife needed to find money – and fast! He didn’t know what to do and was in a panic, so his wife went to the computer to try and find out a way that they could get the money they needed to fund their financial obligation. She came across TFC Title Loans and, without hesitation, sent in her application to see if they’d qualify.

With their application, Donovan and his wife used their 2011 Mercedes-Benz and its title. They told TFC that filling out the application was not difficult at all, and that it took moments before their representative contacted them. In no time at all, they were quoted for $4,000 and were on their way to pick up their check.

Signing their loan agreement was just as easy. Talking to Donovan, he said he wasn’t worried about the 36-month agreement because he planned to pay off the loan as he worked. Complementing our good customer service on his way out, Donovan and his wife left TFC with their cash in hand and smiles on their faces.

Miguel S and his Auto Title Loan Review

2008 fordDue to personal, financial issues, Miguel chose TFC because all our information was clear and we didn’t try to cheat him out of money or charge unnecessary fees. Without TFC and our amazing services we offered Miguel, he would’ve had to go to another auto title loan lender and settle with potential hidden fees and higher interest rates! Luckily, he found TFC Title Loans and doesn’t have to worry anymore. He said our customer service truly convinced him that TFC would be the fit for him.

Miguel applied with TFC, which according to him was not hard to do at all. Using his Ford truck, Miguel told TFC that he needed $7,000 in order to cover his personal problem he had going on. TFC was happy to offer him that amount as long as he signed a 36-month agreement to pay it back. Miguel agreed, commenting on how reasonable our terms were and how they fit into his budgeting. He plans to work to pay off his loan, so he isn’t concerned about making the payments.

Auto Title Loans: What About You?

TFC Title Loans wants to help you, just like they’ve helped all their customers for the past 20+ years! Our services put us as one of the leading auto title loan lenders in the area. We offer competitive interest rates, have high application approvals, can get you funds in as little as one business day, and let you drive your car as you pay off your title loan.

On top of these benefits, we’ve streamlined our application process to make it easier for you! All you need to do is fill out the application online and submit it! It takes less than 5 minutes, and a TFC representative contacts you within a couple hours! You’ll submit the required documents and receive your loan amount. The final step is to stop in a TFC location near you and sign your terms. You’ll instantly walk out of the TFC store with your cash in hand.

What have you go to lose? Apply today; there are no obligations if you don’t like your quote!

October 4, 2017

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How Do Americans Spend Their Money?

dollar billIn reality, only 1 out of 3 Americans know their monthly budget. If you’re one of the people that find yourself living paycheck-to-paycheck, it might be time to budget in order to decide what you need and what you want. A budget can help you visualize where exactly all your money is going. If only 1 in 3 know their budget, it may be a good idea to see how do Americans spend their money.

How Americans Spend Their Money

The Bureau of Labor Statistics surveyed Americans to see how they spend their money. Looking at the spending tendencies of the average American with an income of $74,664 before, these are the results:

  1. Housing: 32.9% – $18,186
  2. Transportation: 15.8% – $9,049
  3. Food: 12.6% – $7,203
  4. Personal Insurance & Pensions: 11.9% – $6,831
  5. Healthcare: 8.1% – $4,612
  6. Other expenditures: 6.9% – $3,933
  7. Entertainment: 5.1% – $2,913
  8. Cash Contributions: 3.6% – $2,081
  9. Apparel & Services: 3.1% – $1,803

The total annual average that Americans spend all these expenditures is $57,311 of the total income. The income is also before taxes, so one would have to keep in mind that the income is less than $74,000.

How Much Americans Spend on Housing

One third of Americans expenses are spent on housing, which is actually a red flag. The federal government says Americans should spend no more than 30% of their annual income on housing. Those who spend more than that are at a greater risk of being unable to afford the necessities. An average American spend 32.9% on housing, which is more than suggested.

Americans spend more on housing than healthcare, entertainment, clothing, and other expenditures combined. Banks and other institutions break down your income to expense budget to follow with the 50/20/30 guide.

How Much Americans Spend on Transportation

The second biggest expense for the average American is the transportation cost. While it is half of the housing cost, it still comes out to approximately $754 a month. This budget includes the down payment on the car, gas, oil changes, repairs, and insurance. Between housing and transportation, it almost adds up to the rest of your expenses combined.

Luckily, there are many tricks to transportation that you can use to try and cut down your transportation spending. Between insurance loyalty, gas, and repairs, there are ways to prevent spending too much on a car.

How Much Americans Spend on Food

The third highest amount of spending done each year, this can always vary depending on the size of the family. Average Americans spend about $138 a week on food between groceries and eating out.

This is an even better portion of spending where you can decrease the money and percentage in this category. There are coupons, eating out less, and even bigger food memberships. Start saving money on food to be apply to other categories of your spending.

How to Budget Your Money

There are many ways to budget your money each month, with loads of resources on the internet to guide you through it each month.

Know Your Income

If you have a steady income, it’s easier to budget monthly. If you don’t, try to ballpark the average amount you do take in. One of the best ways to figure out your monthly income is to deduct taxes, pension plans, and other deductions like healthcare.

Document Your Expenses

Fixed expenses are easier to document: mortgage, car payments, student loans, and other loans. They are constant every month and you know what to plan for. Variable expenses are the things that fluctuate like groceries, gas, and more. Record how much you spend every month and take the average.

Don’t Forget Your Savings

It’s a good idea to try and put money aside every month, no matter how much. Financial experts even say 10% of your total, post-tax income each year is a better start than nothing. You can break that down each month or when tax returns come around.

Analyze Habits

Your spending habits are important to a budget. Finding out where you’re spending too much unnecessary money can help you save in the end. Keep your receipts or check your online bank statement each time you go on a shopping spree.

TFC Title Loans Gets You a Head Start

If you’re living paycheck-to-paycheck, you may need a boost to help you with some bills or other expenses like your housing. TFC Title Loans can help you get the cash you need by using the title of your vehicle as collateral for an auto title loan. By applying online, you can get the cash you need in as little as one business day! Get started today!

October 3, 2017

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Auto Title Loans on Real Cars

At TFC Title Loans, we consider ourselves experts when it comes to the auto title loan business. We’ve been one of the leading auto title loan lenders since 1994, serving thousands of customers. But, we understand that sometimes you need to hear the stories from real customers and their experiences. That’s why we’ve asked two of our customers to tell us about their auto title loans on real cars.

Guy L and a Dodge Charger

After facing some difficult health issues, Guy L and his family had to live with one income. Bills and other financial obligations started to pile up and Guy couldn’t seem to catch up. He turned to the website, realizing he may have to sell one of their cars in order to pay the bills. While searching, he came across TFC Title Loans and a light bulb went on.

Using his 2012 Dodge Charge, Guy contact Lily with TFC and used our online chat to ask about getting an auto title loan. He expressed his concern about interest rates, and mentioned he just needed the minimum amount. Lily assured him that he could get the minimum if he wished, and our competitive interest rates were some of the best in the area. Not only that, but one of the many benefits to TFC Title Loans was the sliding interest scale.

Guy shortly signed his agreement after that and went to collect his funds. When talking with one of our representatives, he told them that “Lily was very friendly”, and he said to tell her “thank you.” At TFC, we love to hear people thanking us, just because we know they are genuinely happy with the service we provided them. Knowing we were able to help Guy was great, and with a new, second income, he’ll have it paid off in no time.

Ernestina A’s Refinanced Loan

2011 priusErnestina A wanted to refinance an auto title loan she received with LoanMart. She was struggling to make the payments and needed a better rate to pay off her loan. She brought her title loan for her 2011 Toyota Prius and expressed her needs to TFC.

TFC Title Loans knew they could help. Setting her up with a new loan agreement for 36 months, TFC was able to drop her interest rate 30% from what LoanMart had previously offered her. She was so happy and thrilled. She felt like a weight had been lifted off her shoulders.

When talking to her TFC representative, she made a comment about how easy it was to refinance and that it all turned out to be positive. Not only do we offer our customers great services, but we make it so easy for them to apply for a new title loan or refinance and existing one. Regardless of your current lender, TFC wants to help customers refinance to get a better and more reasonable rate.

Your TFC Title Loan Application

Whether you are looking to refinance your existing auto title loan or you need quick cash to cover some of those financial obligations, TFC Title Loans wants to help you get the money you need at the best rates. That’s why we’ve made our application simple and easy: we don’t want to cause more stress of a ridiculously long application. Get your auto title loan in 3 steps.

  1. Apply online or chat with a TFC agent to finish your loan application.
  2. Once you’ve submitted your application, your TFC agent will ask you to submit some required documentation to complete your qualifications.
  3. Sign your auto title loan terms and receive your funds!

It’s unbelievable how easy our application is. You can do it from your computer or on-the-go from your phone. We have high approval rates, so you’ve got nothing to lose! Call us today!

September 29, 2017

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Creative Ways to Make Money

createIf you’re a little short on cash and need some creative ways to make money, TFC has done some research on the most effective and most creative ways for you to make some extra money.

Sell Free on Craigslist

Craigslist a great website to exchange good and services to others for money. You can spruce up any old piece of furniture just laying around and sell it for more money than donating or a garage sale. Even if you’re looking to buy something, sometimes you will find some hidden gems that people are trying to get rid of for free as long as you pick it up. Another perk about Craigslist is that it doesn’t cost you to list your item. We even have a blog post on how to sell on craigslist!

Sell Your Photos

If you are pretty good with a camera or have mastered photos on your cell phone, maybe you could try selling them on different websites. Places like Shuttershock, iStock, Adobe and more will give you a percentage of money on every download of your photo. You don’t need to be a professional to upload photos.

Rent Out Your Room

Airbnb.com allows you to rent out your house or a room in your house to people traveling. Whether you’re there or not, this could be a great way to earn some extra money. They have many security precautions in check that would make sure the person staying with you is trust worthy. You can even use your house for someone to stay while you’re on vacation. You’ll make money while enjoying your getaway!

Sell Skills

Whether you’re a singer, designer, painter, or ordained minister, websites like Thumbtack and TaskRabbit help you sell your skills to people in your area. You can even offer editing services, research help, typesetting, and more! For these websites, there may be a small fee for registration or weekly charged based on how many gigs you get.

Teach Online

Websites like Skillshare, Udemy, and Teachable.com allow you to offer people your knowledge and tutoring services. You don’t have to be a skilled professor, but if you had a favorite subject in high school or college that you excelled at you can help others who need your brains. This is another great way to earn some passive income.

Field Agent

Not like the FBI, but this is actually another app. It allows you to sign up and do small tasks around town for different clients. This could range from checking prices at stores to sending out surveys. Pay can vary greatly depending on the task and company.

Secret Shopper

If you have a great memory, attention to detail, and are able to report what you see or experience, then secret shopping could be right for you. It’s very simple to do: you just register on a participating companies’ website, go undercover, and report your experience at their store as a customer. You get paid for the experience you report with the potential of getting free meals or free travel and shopping.

Babysit

This might be self-explanatory, but babysitting can always earn you some great extra cash. While family and friends may eventually run dry with opportunities to babysit, places like Care.com can help you get a gig that’s near you or around your area.

Extra Cash Now with TFC Title Loans

If you need some extra cash right now and don’t have time to wait until you get a gig or someone needs your help, TFC Title Loans can help you. Get the money you need in as little as one business day. By using the title of your vehicle as collateral, you can get anywhere from $2,500 to $50,000 in cash to cover your financial obligations. Simply apply online through our online application or give us a call! The application can take you less than 5 minutes, and you will be that much closer to the money you need! There are no obligations, so what have you got to lose?

September 28, 2017

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Cost of Living: Money in America

costIf you’re trying to make a big move or you’ve gotten a new job and have to relocate, you may be wondering what the difference in cost of living will be when you move. Because of the different economic situations of metro areas to rural areas, the cost of living tends to increase the larger the metro area. In other situations, sometimes the cost of living will be higher in a smaller metro area just because of its history, location to tourism, and other popularity factors.

Where is the Money in America?

The GDP (Gross Domestic Product) reflects the economic output of a metro area. In a study through HowMuch.net, they compared up to 382 metro areas with the US census Bureau. They found a huge gap in terms of economic output across the metro areas. The large metro areas contribute far more overall economy than small cities and rural areas.

It’s so large of a gap that the top 20 metro areas collectively generate more than 362 put toghether: 7.872 trillion vs. 6.988 trillion. If the top 20 formed their own country, they’d have the third largest economy in the world.

Top 10 Metro Areas with Highest GDP

  1. New York – $1.43 trillion
  2. Los Angeles – $885 billion
  3. Chicago – $569 billion
  4. Dallas – $471 billion
  5. Washington DC – $449 billion
  6. Houston – $442 billion
  7. San Francisco – $406 billion
  8. Philadelphia – $381 billion
  9. Boston – $372 billion
  10. Atlanta – $320 billion

Cost of Living

The difference in cost of living between bigger metro areas and smaller, rural areas can be a drastic difference sometimes. Even the cost of living between different larger metro areas is a dramatic difference. Whether you’re moving across the state or across the country, finding out the difference in cost of living can be beneficial for deciding to live in a suburb or big city.

New York vs Los Angeles

From one side of the country to another, the two largest metro areas battle for cost of living. In Los Angeles, the cost of living is 8% cheaper than living in New York. The biggest factor in the difference of living is food which is 23% cheaper in Los Angeles.

Los Angeles vs Chicago

Comparing spot two and spot three of the top 10 metro areas, the difference in cost of living is a lot more than the previous comparison. To live in Chicago, you would find living there 33% cheaper than living in Los Angeles. The biggest difference: housing. Housing costs are 64% cheaper in Chicago.

Los Angeles vs San Francisco

If you have to make the move across the long state of California, you may be considering going from one metro area to another one. Don’t be fooled. The cost of living is actually 64% more expensive in San Francisco. Housing is also the big difference with San Francisco being 92% more expensive.

Even though they are lower on the list than Los Angeles, San Francisco is currently a growing economy. They’ve seen a rapid growth in the last year along with Atlanta. Not only that, but it happens to be a heavy tourist attraction.

Los Angeles vs Phoenix

TFC has locations in Los Angeles and Phoenix. The cost of living difference is similar to Chicago where Phoenix is 40% cheaper than Los Angeles with housing being 67% cheaper.

Los Angeles vs Fresno

If you’re living in the big metro but want to downsize while being closer to the big city, you can even compare these prices. Fresno is actually 36% cheaper than Los Angeles and once again, housing is 66% cheaper.

Living with TFC Title Loans

If you need to make a move, need some housing expenses covered, or just need some extra cash, TFC Title Loans can help you with car title loans. By using your vehicle’s title as collateral, you could get $2,500 to $50,000 in funds in as little as one business day.

All you need to do is fill out the application online, or you can even call one of our TFC agents to talk you through the process. Once you’ve applied, your representative will ask you to submit some required documentation before they complete your offer. Once you’ve set up your loan agreements, you get to sign your contract and collect your funds instantly! Quick and easy!

September 26, 2017

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Ways to Save Money

numbers-money-calculating-calculationSaving money can be a stressful thought if we don’t know where to start. You don’t want to find yourself in a bind where you need to scramble for money to cover your sudden expense. That’s why TFC has done some research to help you figure out ways to save money when you’re on a tight budget.

Save Automatically

Many banks offer the ability to transfer money automatically from your checking to savings account. They allow you to pick when and how frequently, in specific amounts. If you don’t see it, then you probably won’t miss it. This savings could be a great idea for emergencies, home purchases, school tuitions, or even retirement. Even $15 to $25 a month could add up to over $100 a year.

Save for Emergencies

An emergency savings account will be the difference between someone staying afloat and those who will sink financially. Low-income families who have at least $500 saved are better off financially than moderate-income homes that have saved less. Without an emergency savings, you might find yourself scrambling to collect funds.

Pay Off High-Cost Debt

The best thing to do before you can really start investing is pay off any high consumer debt with a double-digit interest rate. If you have a credit card balance with $3,000 with a 19.8% interest rate, and you pay the minimum balance of 2%, it will take you 39 years to pay off the loan and cost more than $10,000 after all the interest.

Save for Retirement

Saving for retirement can help you retire comfortably. Saving now for retirement will ensure that you have enough money to live your lifestyle. The best time to start is when you have your first job, even though it is never too late to start. Your workplace may offer you a 401(k) plan, or you can choose to save on your own with an Individual Retirement Arrangement (IRA). See a previous post about saving for retirement.

Make a Plan

Anyone with a savings is twice as likely to save successfully. There are apps that can help you, different websites, spreadsheet templates, and even companies that will help you save. It’s not hard to plan, but it’s committing that will be the challenge.

TFC Wants to Help Your Current Emergency

At TFC, we are committed to helping our customers pay for their emergencies that have suddenly popped up. If you didn’t have an emergency savings and feel like you’re seeking, TFC Title Loans can help you with an auto title loan. In as little as one business day, we can get you funds from as little as one business day. All you have to do is fill out our online application or give us a call to see if you qualify. Find out today and call 844-242-3453!