Car title loans are becoming a more popular method of borrowing money. There are some significant differences between a car title loan and a more traditional loan from a bank or credit union. Auto title loans are secure loans that are not based upon a person’s credit and employment history. Companies like Embassy Loans of Florida have helped thousands of customers borrow money to help take care of financial emergencies. [continue reading…]
Your month was going great until that unexpected plumbing problem flooded your basement. All of the monthly bills were paid, but not much was left over when a pipe burst and you had a call a plumber. With the bill due and you sketchy credit history, you are unsure about a source for fast cash. A car title loan could be the solution you’ve been seeking. [continue reading…]
Are car title loans risky? The short answer is yes, but all loans have some elements of risk. There are risks for both the lender and the borrower. Whether or not a car title loan is too risky is best left up to the opinions of those involved. Here is a look at some of the risks involved in taking out a car title loan. [continue reading…]
It is well known that if you do not make your car payments on time and on a regular basis, you face the possibility of having your car repossessed by your lender. When you purchase the vehicle and agree to financing, your lender places a lien on the vehicle’s title. Should you, or any vehicle owner, default on the terms of their loan, the lienholder can legally take possession. This is something you definitely want to avoid. [continue reading…]
The average United States household has thousands of dollars in debt, and that does not include housing or mortgage debt. The typical household that owns at least one credit card has well over $15,000 worth of debt. While being too much in debt is certainly troublesome, not all debt is bad. Here’s a look at good debt versus bad debt. [continue reading…]
A car title loan is a quick and easy way to borrow money if you own a vehicle with a free and clear title. There are a number of other ways that people can borrow. Payday loans, for example, are another quick option. Traditional bank loans are an option, but take longer to process. Regardless of the type of loan, all have an associated cost. That is the interest rate; the amount you will be charged for borrowing money. [continue reading…]
The housing and debt crisis of the late 2000s left the American economy weaker than it had been in years prior. Thousands of businesses, including banks, failed leaving many wondering how they would borrow should they need to do so. In recent years, the car title loan has become more popular as an alternative to the conventional types of loans offered by traditional financial institutions. Like any loan product, [continue reading…]
Taking out a car title loan can often save the borrower from a dire financial situation. Someone who needs access to quick cash after a job layoff or for unexpected medical expenses can use the money to get through that so-called bump in the road. The downside, of course, to doing a car title loan is that there is the risk that the lender could repossess the vehicle. Most borrowers can avoid having [continue reading…]
In times of financial emergency, most individuals will have difficulty in trying to obtain a conventional loan from their financial institution. As a result, many turn to alternative forms of lending such as payday loans and car title loans. Both have their advantages. Here is a look at both. [continue reading…]
There are a number of things that the average car owner does not know about his own vehicle. One item that most people know little about is their vehicle’s title. Before buying a used vehicle, it is imperative that the buyer check the history of the vehicle’s title. Otherwise, you may be buying a future of headaches. [continue reading…]
