10 Feb 2017   /   0 comments

Car Title Loans, A Solution for Difficult Times

Paul

The economic crisis has hit each of us in different ways. However, we believe car title loans can be a great solution for very difficult times. Because at times, the stress can come from having such few resources to pick from when we need someone to lend us a hand. Sometimes our first instinct is to go to friends, family, or co-workers to lend us some money when we are in serious need. Since unforeseen circumstances pop up all the time, you always have to be prepared for whatever may come your way. Whether it’s for bills, rent, school, or a medical emergency.

But in addition to resorting to your loved ones, there are other options to get immediate funding even if you don’t have a great credit score. Why worry your friends or family when there are other options out there? Car title loans could be the best solution to your problems at the most difficult economic times. It’s as simple as filling out the application online and getting the money you need in as fast as one business day.

Research, compare, and get car title loans

There are a large number of financial institutions that are willing to approve you for the money you need to face your financial difficulties. However, the problem is that high interest rates are often associated with personal loans of all kinds. Additionally, if your credit situation isn’t too good then the interest rates can get far worse. Picking a bad loan that doesn’t have competitive rates can lead you to be unable to cope with the monthly fees that include interest. But with car title loans, you can get quick cash by using your car as collateral that you will repay the loan. It’s as simple as that.

Title loan lenders have been known to approve individuals regardless of their particular financial situation or their credit history that has led them to have a poor score. The only conditions are that the current market value of the vehicle they are using as collateral is enough and that they have the ability to repay the loan.

An approved applicant will usually receive their funding in a very short period of time that varies between only several hours and a few days from the time of processing the loan. It is a significantly faster and simpler process than applying for a loan at the bank.

To be approved for an auto title loan it’s not necessary to have a clean credit history. TFC Title Loans usually does check your credit but not for the score only to check that you are not currently undergoing credit counseling or in active bankruptcy. If it is not current, then we don’t pay much attention. Obviously, some things will vary depending on your financial situation like the repayment terms and the maximum amount to be lent out, but the whole point of these types of loans is to ensure that individuals who can’t find funding elsewhere can with Car Title Loans.

Car Title Loans is a positively ideal solution for all those owners of an automobile (car, motorcycle, van, camper, truck) who need cash immediately and can pay it back in monthly installments. Among its many other uses, it can be a great solution to consolidate some of your other debts to pay it off in one loan amount.

We have tons of stories from our clients that are all very different since they all have varying needs and require unique solutions. Just a few days ago, we received an application from a woman who was going through a complicated financial time and she wished to put up her car as collateral for a small loan. Her name was Maria and she had a friend who was a long-term client of ours so she decided to come to us for help. A while back, she got in a car accident while going to work and it took her months to recover. Maria stopped receiving her paycheck for all that time since she had no accident insurance. As a single mother of two children, the little savings she did have had to go to repair her car, pay her medical bills, and pay rent.

To meet those accumulated expenses and unpaid bills for those three months, she applied online for a car title loan. In just a few minutes, she has completed all the necessary requirements of the application and within a few hours, she was approved for the loan. Then within 48 hours, Maria received the money she needed to face her finances with dignity and care for her children.

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