One of the benefits of getting a car title loan is that you don’t face any fees when you pay the loan off before the terms expire. Many times, banks will include an early payoff fee, in order to recoup the cost of the interest they lose out on when you pay off a debt early. By paying off your car title loan early, you actually pay less, because you avoid the interest of later payments.
But often when you’re maintaining a careful budget, the idea of paying extra on a loan seems impossible. However, there are ways to pay off a loan early without having to live on next to nothing. Here are two fast budgeting tricks that can help.
Instead of thinking that you have $400 left to pay on your loan, look at the smaller monthly payments instead. Let’s say you have four (4) $100 payments left. Instead of trying to come up with $400 all at once, try to pay three (3) more payments of $133. An extra $33 per month is easier to come up with than you might think, and you save the interest you would have paid on the final payment. You can always call the loan officer to ask how much your payments need to be in order to pay your debt off within a certain time frame if you’re unsure how to calculate the reduced interest.
One of the first things that many people do when they are trying to reduce expenses is starting bringing their lunch to work instead of buying it. Data on this one habit varies wildly, but many money experts say that this one habit could easily shave $200 from your budget each month. So often, we make these sacrifices without taking the next step, which is to apply for that money directly to the car title loan to pay it off. Instead of allowing the money to simply be absorbed back into your budget and dispersed among bills, make a specific effort to apply it to your loan, and get it paid off sooner.
Simply by using these two quick tricks, you can turn your budget around and get your car title loan paid off faster, possibly even within the month!
4 WAYS TO GET QUICK CASH IN TODAY’S WORLD
If you are like the majority of Americans, there is a slim chance that you will have enough saving to cover for an emergency; majorities of Americans depend on their budget to see them through the month, paying their regular bills and hoping that nothing goes wrong. As far as I am concerned, America still remains the most blessed country in the world, in all ramifications, America remains a great nation to nations. Many nations seek refuge in America and is an abode to many foreigners. Unemployment is irrelevant in America yet, American still aren’t saving much. Different reports have proved this to be a dominant condition in the country, it was recorded that 30% of Americans don’t have a savings account at all, nearly three-quarters of Americans have less than $1,000 saved.
Bankrate.com reported that only 16 percent of survey respondents saved up to expert generally recommendation which is 15 percent of annual income. A quarter of their respondents saving between 6 and 10 percent of their income and about 21 percent say they manage to save up to 5 percent or less. There is no any evidence better than these to prove that majorities of these people are setting themselves up to fall short in retirement.
Retirement may be something to come in many years’ time but how do you deal with emergency situations that may transpire anytime? Whether it’s an unexpected medical bill, damage done to your roof or home, broken car, being laid off from work, water heater, or an unplanned but important trip, emergencies happen to everyone. So how do you cope with this situation? Even if you belong to the category that saves little, will that be enough to cover your emergency bill? If you are laid off from work, how long can your saving serve you? Obviously, there may be a need to find means of generating fast extra cash to maintain a healthy living. There are many ways to achieve this but we will like to point out a few ways to get quick cash if you ever find yourself in a bind:
There are arrays of opportunities on the internet, but I will limit myself to two which I believe they are achievable and are capable of providing you the extra cash you need to maintain yourself.
When most of us see the advice to sell old books, toys, clothing, or other items we could do without, we probably think of yard sales, Craigslist, or pawnshops. But there’s an even easier way to sell your items these days: online. From Amazon to eBay, there are plenty of ways to promote your sales to potential buyers around the world. Not only does this make it easy to quickly sell a few things, but it also allows you to access a far larger buying force than you could get just having a yard sale.
If you have old textbooks from college, collectibles that you’ve kept in great shape, or specialty supplies for a craft or hobby that you don’t have time to use, you can set up a shop on Amazon or eBay within just a few minutes. And with a few extra hours and a little bit of creativity, you can turn your Internet sales into a full-fledged business so that you can keep the extra cash flowing all year long.
If you can sew, know fancy calligraphy, or have the ability to create craft patterns or graphic designs, consider selling handmade goods through websites like Etsy (or even try Amazon’s new handmade market). These websites make it easy to run a side business year-round, letting you stock items when you have them, and keep your store on vacation when life gets busy. Popular items to sell on these websites include jewelry, stuffed toys, art pieces, handmade tools, and even custom-made clothing.
Freelancing is another way to empower yourself and gain extra cash in your pocket. You don’t have to quit your pay job, freelancing can be a side business, it comes with immense freedom to work at your convenient time or even free period, not just anytime but anywhere as long as you have your laptop. Good for you, a laptop can be easily mobile; this implies that you can walk around with your extra office. What is important is that you deliver a job well done and on time. You can choose your area of interest, you have the opportunity to work as a freelancer doing what you love in many global markets. You can choose the type of work based on what interests and benefits them best.
People make thousands of dollars every month working as a freelancer without quitting their job; almost everything you are good at can offer you extra cash online, as a graphic artist, you can design logos, business card, and so many things. It so lucrative that many people will even pay you to just remove a background from the back of their picture. Writing is part of what you can do as a freelancer; in short, almost everything can fetch you extra cash, some freelancer only offers professional advice. Few websites where you can register yourself to enjoy this benefit include but not limited to Fiverr.com, Topcoder.com, upwork.com, boontech.ai, 99design.com, TopTal, Peopperhour.com freelance.
BECOME A TAXI DRIVER
With the rise of Uber and Lyft has come a whole new way for anyone to grab some extra cash whenever they need it. Drivers in California can make a lot of money with just a few quick requirements. You’ll have to get your TLC license, which usually requires a quick one-day defensive driving course, and you’ll need to be sure your car meets the standards of the ridesharing company (many offer car rentals if yours doesn’t).
If you don’t mind spending a lot of time in the car and know your way around town, you can easily make driving for Uber your second job. Because Uber, Lyft, and other ridesharing companies do most of their services through smartphone apps, it’s easy to find all the information you need, and learn more about the requirements for becoming a driver.
You do not need to quit your current job, working as a taxi driver can be your side job.
TAKE A HARD LOOK AT YOUR BILLS
For many Americans, the only reliable way to make extra money is to reduce monthly spending. Unfortunately, this may mean cutting back on things that you truly need, and learning to do without. For example, most people need cell phones these days in order to stay in touch with work, school, or to be able to contact family in an emergency. But you can do all of that with a basic “dumb phone” that doesn’t have data or any other special plans. Cutting back your cell phone to a simple call and text messaging plan can help reduce your monthly bills by hundreds of dollars in some cases.
The same is true for any subscriptions you may have to Netflix, cable, or book services. The library is your new best friend for entertainment until your finances even out again. If you’ve lived in your home for more than a year, call the utility company and ask if you can be put on a level billing system; this may help you shave a few dollars off your monthly bill. If you live close to a library or public location with free Wi-Fi that you can visit, consider temporarily shutting off your Internet service until you can get your finances back on track.
Finally, check out any insurance policies you have, for your vehicle, medical insurance, or for your home. If you are paying for more coverage, now may be a good time to cut your policies down to the minimum, and use the extra money to cover your financial emergency. You can always increase them again later when things aren’t as tight.
CONSIDER AN AUTO TITLE LOAN
If you own your own vehicle and have a valid driver’s license, you could get the cash you need in just a day by visiting an auto title lender near you. Car Title Loans are short-term loans that don’t require the borrower to have good credit or good borrowing history; in many cases, borrowers don’t even have to prove that they have income, meaning Car Title Loans can be used during times of unemployment while you search for a new job.
In order to apply for a title loan, borrowers put up their vehicle title as collateral. But don’t worry! You get to keep your car and use it however you like, during the entire time you have the loan. The only time that your car could be in trouble is if you default on the payments – and even then, most auto title lenders would prefer to work with you on payments, rather than repossessing your car.
If you need money right away for an emergency, but you don’t have time to take a second job, an auto title loan could be a good way to cover the cost of a major emergency. You can often borrower larger amounts, against the value of your car, so title loans make for great solutions when a small loan from friends or family just won’t cut it. And title loans are fast, as well. You can often apply, get approved, and receive your funds all in one day with your auto title lender near you.
One good thing about a car title loan is that the majority of the requirements are what you have as a resident of a particular location. If you are laid off from work and you have a very good expensive car, you can borrow a substantial amount against it title to start a small scale business.
If you find yourself in a bind and you consider a car title loan as a perfect option for you, we will help you.
WHO WE ARE
We are your number one-stop loans source; we are close to you as our offices are located in almost every corner of the United States. We offer the best loan that fits your financial situation; we put into consideration your source of income before we make any loan recommendation so that we don’t end up putting you in a situation where you lose your collateral. We offer sufficient cash through our pink slip loan to meet all kinds of need; our customers do not struggle to repay their loan as our repayment term is flexible and there are no hidden fees. Majority of our customers repay their loan in their next payday with low interest since they know how much they need to repay and when it needs to be paid. We have been in existence since 1994 and thousands of people have been saved through our loan program.
WHY YOU SHOULD GET THE LOAN FROM US?
The aim of every business person is profit but TFC Title Loans belongs to the categories of few companies that put humanity first before profit. TFC Title Loans isn’t just a loan company established for just profit sake; our core intention is to help as many people as we can in their difficult time. Our popularity in the loan business can be accredited to our low-interest rates, flexible loan, the simple application process, unbeatable terms, great customer service, and long-term repayment plans.
A car title loan with TFC Title Loans application process is simple; you can apply on our website by filling the submitting the short application form and you can also walk into any of our offices near you to fill the application form. Check our locations to know our closest office to you.
Great Customer Service
Great customer service is one of the reasons why we are rated far above our competitors. Our staffs are well trained and they render the best of services to our clients. They are always available in person and on phone to answer your calls. They treat each customer as personable Furthermore, they are always discreet about customers’ information and they treated them confidentially as much as they can. Customer satisfaction is our utmost priority. We evaluate every situation and will make the best recommendation to make sure our customers don’t put themselves in a position to lose their collateral.
How much you can get through a car title loan depends on the value of your car, however, most lenders will try as much as possible to be on a safer side so most of them will borrow you 30 to 50% of your car resale value. At TFC Title Loans, we are completely different; we usually take a high financial risk to satisfy our customers. We will offer you up to 85% of your car value as oppose 30-50% offered by other companies and you can get up to $50,000 depending on the value of your car.
Keep and Drive Your Vehicle
While your car is used as collateral for a loan, you are still in possession of it and can use it without any restriction. TFC Title Loans offers you a loan without creating any havoc to your lifestyle.
No Hidden Fees, No Prepayment Penalties
We don’t take advantage of our customers; we work in accordance with the law that guides car title loan in every state where our offices exist. We make sure our customer read and understand what they are signing before signing any loan contract with us. Every detail of the loan will be included in the drafted loan deal and no any additional payment will be requested outside what they signed as long as they keep to the loan terms and conditions which majorly repayment at the appropriate time.
You Only Pay the Interest for The Time the Money Is Borrowed
This is one of the reasons why we are different. If you are able to return all the money in a time lesser than the agreed time, you only pay the interest for the time the money is borrowed.