For most of us, debt is always going to be an issue. Figuring out a way to pay off our bills and debt in a timely matter is important. One missed payment can adversely affect your credit score. So what do you do if you are short on 
cash one month? Well, you have a number of options. You can go ask family and friends for help. This, however, is not always feasible as you may not know anyone who can help and if you do you may not want to cross that boundary with those people. You can try to get a bank loan, but if you need the money quick this is not going to be an option. Another option is a car title loan. Auto title loans as they are often called, can be a great alternative. Here are the reasons:
1. The lending process is quick. Just fill out an online application and the lender will contact you. You go to the nearest location and give them you paperwork and you can have money in your hands in as little as 15 to 30 minutes.
2. Car title loan lenders do not do a credit check. That’s right! While you are working to improve your credit score and not miss a payment, you previous credit history is not an issue.
3. No questions asked! Unlike traditional loans, car title loan lenders will not ask you what you need the money for.
All you have to do is make your payments on time. The key to this is being realistic with what you borrow. If you only need a thousand bucks then only borrow $1000.00. Here is a car title loan lender in New England that can help get you started. They have a ton of locations and are extremely friendly and helpful….
Well I post so much about car title loans and auto title loans that I wanted to comment on all that is going on with the cash for clunkers stuff that you have probably heard about. I mean I talk a lot about money in relationship to your car. I am not sure that I think it was a great idea in the first place, but then I read that Ford posted it’s first sales increase in TWO YEARS! I actually think it is a great way to stimulate an industry that has suffered so horribly in the United States and throughout the world. I actually think now that if it is helping then why stop there? This has got to be better than Bush’s ridiculous “stimulus” ideas where most of us stood to gain about $500. It really wasn’t enough to stimulate anything. I mean if you are going to try to stimulate than I think you should go for it like the Obama administration is doing. Yeah, I am sure there are some risks, but it sure seems like our economy is beginning to bottom out a little. Of course, not everyone is eligible depending on your car, but if you need a new car this could be great for you. If you are in need of some cash and getting a car isn’t your main issue then you can also consider a car title loan. I have been getting emails and comments from a lot of New Englanders lately so I wanted to post a link to a car title loan lender in the New England area. So if you live in Boston or Maine or New Hampshire, etc…, here is an online auto title loan lender that you should check out. I’d imagine that there are some people doing the cash for clunkers thing who had no previous payments on their car before and will buy a new car thinking it is such a great deal and then somewhere down the line they will have trouble making there payments because they got a high-end car instead of something more reasonable. The same goes for car title loans. Don’t get in over your head! Take out only what you need and consider your future payments. It is always important to see the bigger picture and be responsible with your finances.
Click here to read aol's article. Don't worry!! A car title loan might be able to help you out...
If you are feeling like the woman in this pic to the left, relax. Yes, these are difficult times, but you have alternatives. As I have stated in other posts, economic problems, unfortunately, can lead to more economic problems. For example, now that we are all experiencing economic troubles, you’d like to think that what we do have avaiable to us in terms of credit will at least be available. But after reading this article in the finance section of aol.com, sometimes things get worse before they get better. Rather than keep our credit rates at the same rate or even lower them to make sure they get payments, credit card companies are doing just the opposite, as the article states towards the end causing more people to cancel cards or fall into delinquincy. I understand their plight. Afterall, it wasn’t just the creditors fault for much of this mess, it was us consumers as well for living above our means. Nonetheless, whatever they are doing to attempt to recover doesn’t seem to be working all that great. Afterall, this credit lender -Advanta- is now closing down (maybe just temporarily, but still). But more bad news tends to beget more bad news you know? That is where a car title loan can help you out. The credit card route, for now anyway, just doesn’t seem that stable. They up rates and add on charges almost randomly in an attempt to get money. I mentioned a car title loan lender in New England in an earlier post and am putting it out here again: “http://www.newenglandautofinance.com“. Check them out and see what you think. If you are in a stable position and need some extra cash they can help you out…
I realize that you may be thinking to yourself after reading some of my posts that a car title loan is your only option. Actually, I do not think that at all. In fact, I would probably recommend a low-interest bank loan. Here is the catch (actually there are a few catches):
1. Because banks have taken the biggest hit in our economy and have had to deal with numerous defaults, they have become very strict with their lending rules. Even people with good credit are being turned down these days. Plus, your interest rate is going to be higher if you have questionable credit.
2. The process of getting the actual money you need can be very time consuming. It can take weeks or even months to receive your money and in a financial emergency we usually do not have that sort of time.
So that is where a car title loan can come in and help you out. I have heard from some of you in the Boston and New Hampshire area lately. So I am gonna throw out the name of a car title loan lender in New England for you to check out. Unlike a bank loan you can have money in your hand within 24 hours. The other major advantage is that because you are using your car as collateral, credit is not an issue
A car title loan can be an exciting alternative to a bank loan...
at all. The major drawback of this type of loan then is that you can lose your car. If you are having consistent financial difficulties there are nonprofit organizations that can help you handle your finances better. They may not be able to give you money, but they can help guide you and point you in directions to handle your money better. But, you don’t want to lose your car because that can be devastating. So I’d advise that you take a car title loan out when necessary and when you are pretty stable job wise or at least sure that you will have work in the future. Car title loans are really great, but you have to be smart…