Are you in urgent need of cash and find yourself in the midst of a grave financial dilemma? In such circumstances, your plight may hardly fetch you money if you opt for traditional payday loans and chances are you have a history of bad credit which worsens the situation.
In such intense circumstances, you should definitely consider title loans for cars because they are over and above the other alternatives when it comes to raising large amounts of cash in a small period of time even with a credit rating that is less than perfect.
Such critical circumstances are more common nowadays than they once were with the economic meltdown penetrating every region and individual. You may find yourself struggling to pay a large, emergency hospital bill, funeral expenses for the untimely death of a close relative, attorney’s fees for court cases that have raised suddenly, day-to-day home repairs, cash for purchasing apparel and other necessities associated with the birth of a new-born baby, bail bonds and your children’s humongous tuition fees, etc.
Irrespective of whatever your immediate need, auto title loans can help during financial emergencies simply by placing your car as collateral for cash. The application process and turnaround time are incredibly small and even the lender’s risk is minimized simultaneously as he takes the title of the car. Moreover, the borrower not only gets quick cash but his daily routine remains unaffected as well since he can keep the car and use it where and when he likes.
Are title loans good? Undoubtedly! Once the need has been established, the borrower fills out an application and is given loan that can go up to 50% of his vehicle’s worth. This way the borrower is simply tapping into the equity of his car. Other factors that may influence the terms of contract are state regulations and laws which can be looked into by contacting your local office.
These loans are fully amortized and you don’t have to pay a single cent after the last installment has been paid. The year, model, condition and make of the car is determined and cash is delivered to the person in need within a few hours. Thus, with a flexible repayment schedule and absence of any hidden fees, these car title loans are an excellent option. They do not force out all the money from you by charging low interest rates and the borrower can conveniently solve his financial crisis and come out of it!