Boost My Pay Check

If you have done your research on car title loans like I have suggested, you will inevitably come across articles that are very critical of these types of loans.  Some of the issues they cite are a car title loan’s high interest and the fact that you can lose your car.  These can be valid points, but as an educated customer you can avoid these negatives by being smart when you take out a car title loan.  The idea of a car title loan came about as a short term solution for borrowers who needed cash.  Many of these borrowers have bad credit and still need money.  So using something tangible and important, like your car is an alternative to getting people money who might otherwise not be able to get the money they need.  When you see an advertisement that says “quick cash!” or “no credit check!”- statements that usually sound too good to be true- you might have some red flags come up as well.

So what is it about car title loans that are legit?  How can you use a car title loan to your advantage? Well, say you live in Chicago or anywhere in Illinois for that matter and you need a car title loan, you have to do a little homework.  Visit and call a car title loan lender in Illinois like this one.  Here are some actions you should take:  First, be realistic with what you need.  If you only need a thousand bucks, then do not take out anything more.  Call a car title loan lender in Chicago and ask them how the payments would work for paying off the loan.  Remember, these types of loans are meant for the short term so while the interest rate is high, you shouldn’t look at the APR.  Figure out the actual dollar amount you will need to cover the interest.  It may not be as much as you think.  Ask the company how long it will take to pay off the loan making minimum payments.  Then when you have extra money pay whatever extra you can.  The interest accrues on your balance, so if your balance is lower then you will pay less interest.  Car title loans may sound too good to be true, but if you are honest and realistic with yourself they are not.  Your car is on the line, so you just have to take some steps to prevent the loss of your car and you can get the money you need.

I just came across a pretty good article on aol.com although it had some wrong information.  The article is titled:

How Foreclosure Affects Your Credit Score and Your Life

I think it is a good article because it gives some hope and helpful advice to those of us who have had to face foreclosure.  It had some misinformation however.  Here is a quote from the article:

“”Lower credit scores can result in being denied credit, such as credit cards and car loans, and facing much higher rates for loans and even other items, such as insurance, that rely on credit scores,” explains Andrew Housser, co-CEO of Bills.com, a free consumer personal finance resource.”

Now I am not sure about all car title loan lenders, but the ones I recommend do not do credit checks.  So it doesn’t matter if your score is excellent or poor.  As long as you have a clear title on your car, you can get a car title loan.  So here is a link to a good car title loan website.  The article says that you face much higher rates, but because there is no credit check done you will get the same flat rate regardless of your credit score. 

There was some helpful advice for how to handle your credit so that you can get out of credit issues in the future.  If you are thinking of applying for bankruptcy, for example, it usually takes 7 years to recover.  But the article states that there are ways to avoid bankruptcy.  First of all, the more negative accounts you have on your score the worse the score is.  So the author suggests that while foreclosure can lower a score, you should try to continue to make minumum payments on other loans and credit cards.  This way you are in good standing with your other accounts. He also says that in order to do this you may have to limit your spending for a while.  That might mean only paying for the necessities.  Cost cut suggestions include cell phone, cable, dining out, and other excess spending.   If you avoid bankruptcy and continue to keep your account balances low and make timely payments you score can recover in as little as two years.  The other positive news is that if you are looking to buy a home in the future, you can secure a home loan is as little

Look at your options. A car title loan could be right for you.

as 5 years.  So if you are worried about having to come up with some money and are facing a difficult financial situation do not worry about your credit score.  Visit a car title loan site to learn more.

I mean it. I realize that my last post may make it sound like I think all of Texas if corrupt.  I realize that those incidents are not representative of the state.  In fact, I went to Austin a few years back and loved it.  I was there just on an average weekend and saw three of my favorite bands!  I love Shiner Bock beer also (see, if you didn’t beleive me that I was there how would I know about that beer?!!)  I mean just take a look at it:

See, I love Texas.  And to show my love I am going to give you a link to a car title loan lender in Texas.  Yeah, these guys are very similar to some of the other car title loan sites I have linked to.  They give you all the information you need to get the cash when you need it.  As I have stated in some of my earlier posts, car title loans can be a viable alternative if you need quick cash.  Remember, credit isn’t an issue.  All you need is a clear title on your car and proper ID.  If you are realistic with what you borrow you can get cash and pay it off fairly quickly. A car title loan might be an option for you to consider.  If you live in Texas (or any bordering state) visit this car title loan site to learn more!

I just read a great article on yahoo.com:

Stocks surge on relief over unemployment, banks

My favorite quote from the article was this: “The Labor Department said employers cut 539,000 jobs last month — the fewest in six months and much fewer than analysts had expected.” If you have read any economic or even psychological theory there are a lot of studies that point to the media having a great effect on the economy.  If news is bad…even if it is based on truth…it can cause panic in people and often times lead to making things even worse.  Well, the same is true on the positive side.  If the news is good and based on the truth, than things can get even better.  This is really great news for many of us.  I always like to tell people that if they are considering a car title loan or any loan for that matter, they had better be confident that their mode of income will be there when they need to make future payments, otherwise your current financial situation can get much worse.  But news like this helps us ease our worries and now we can get that car title loan when we need it.  Banks and loan companies are still pretty tight with their lending rules and that is just one reason that car title loans make so much sense.  Here, I like this cartoon I saw the other day:

I said in some of my earlier posts that I was going to link you to some more state-specific title loan lenders.  Today, I am going to help those of you out in California.  If you need a car title loan in Fresno or you need a car title loan in Sacramento, then you are in luck.  This car title loan lender can really help you out.  They have plenty of locations, so you can get the money you need quickly.  With the economy looking better and better, maybe you just need a little help in the present.  Visit a car title loan lender today to learn more.