car title loan

A car title loan is a hassle-free method to acquire quick access to cash using only the title of a car that is in your name.

Convenience When You Need It

One big lesson that 2020 has taught us all is that the unexpected can happen at any time. The loss of a job or a medical emergency can result in a temporary financial crisis. So, where do you turn when this happens? Friends and family? Retirement Savings? Home Equity Loan? These are all excellent options, but what if you don’t have those options? What do you do then? There is one more option, but it has to be approached carefully.

Short-Term Loans

Cash Fast Centers offer quick, short-term loans to people who have run out of options. The process is short, and it doesn’t require a good credit score for approval. These loans are best used for temporary cash flow problems, not for ongoing needs. The fees and interest rates can be relatively high, and payback terms are short.

There are different types of loans available through the Cash Fast Center. The type of loan you choose depends on your assets and the amount of money you need. The first type of loan is called a title loan.

Title Loans

These loans are easy to obtain, but you have to own a car outright to qualify. The benefits of a title loan are no credit check needed and a quick process. You can get cash quickly. The cons of a title loan are a short payback period (usually less than 30 days) and the risk of losing your vehicle. The lender holds the title of the car (hence the name) as collateral, and if the loan is not paid, the lender keeps the car.

If you apply for a title loan for your car, you could receive approximately 25% of the car value. The amount of money you receive will [...]

By |November 23rd, 2020|Loans|Comments Off on Convenience When You Need It|

How to Borrow Money During a Crisis

When an emergency happens, you may not have enough money on hand to deal with it. Where do you turn? How can you get a loan that is fast and easy for a quick temporary situation? If you’re looking for a cash advance loan, there are still options available to you. You might be wondering how the pandemic is affecting the process. Are loans still available at the same rate and with the same terms? The answer is – thankfully- yes.

Cash Advance Loans

The next step is to determine which loan is right for you. There are usually at least two types of loans offered through cash advance loan centers: payday loans and title loans. To determine which one is right for you, read on. Soon enough, you’ll be on your way to getting what you need.

Payday Loans

Payday loans are the most well-known option. Vendors such as CashFast can offer a quick advance on your paycheck. Payday loans are often accessible to many people that might not otherwise qualify for a loan from a bank or credit union.

The drawbacks, however, are the interest rate and repayment terms. Interest rates are incredibly high, and – in some cases – the agreement may give the payday company the right to garnish your wages until the loan is repaid.

This option is best if you can repay the loan within 2-4 weeks; thus, the name “payday” loan. Payday loans help deal with short term cash flow problems (i.e., an unexpected expense occurring near the end of a pay period). It is essential to repay the loan quickly to minimize the interest and fees. If you’re not confident that you can repay a payday loan fast, then this may not [...]

By |November 9th, 2020|Loans|Comments Off on How to Borrow Money During a Crisis|

Can You Get A Title Loan On Any Vehicle?

Once in a while, an unexpected expense arises, and one has to get some cash quickly. So what do you do if that cash isn’t already sitting in a bank account? There are both traditional and innovative ways to handle this situation. One of those ways is through a title loan.

Car Title Loan

A car title loan allows individuals to get a loan with little hassle. This loan must be paid back within a month, but it provides a convenient solution for short-term monetary needs.

The title of a car, or another vehicle, is held by a lender to get a title loan. Any vehicle can secure this type of loan, including a motorcycle, truck, or personal car. As long as you have a valid and clear title, and the lender approves your application, you should get the loan.

A Life-Saving Option

In some cases, people can’t get traditional loans on their own. They could have a bad credit history or have made financial mistakes in the past. The good thing about title loans is that they don’t require good credit. Title loans circumvent the process of traditional financial and credit checks. Instead, your car’s title is used as collateral – a guarantee the lender gets their money back.

The Convenience of Title Loans

Many people try and plan out their finances to avoid debt and stay on track with their budget. Still, life does not always go according to plan. Anyone can have unexpected expenses that pop up and need to be paid right away.

Whether these are medical bills, legal fees, rent, or other payments, you want to have as many financial options as possible. Title loans are one way to get money fast during a temporary financial bind.

Repaying [...]

By |October 19th, 2020|Loans|Comments Off on Can You Get A Title Loan On Any Vehicle?|

What You Need to Know Before a Car Title Loan

Securing a loan can provide a vital stopgap measure for a home or business in times of economic crisis. Some loans can be planned for, and others might be needed quickly to prevent financial disaster. Unfortunately, few quick loans come without risks of their own, and those risks can bring additional financial problems if not approached carefully. A clear head and knowledge of the risks are essential when examining one’s options, especially if the family car is on the line.

Car Title Loans

Some fast loans require collateral, and one such type of quick loan is called a car title loan. The name comes from the person seeking the loan using their car’s title as collateral. However, these loans have their risks and should not be the first choice to handle a cash flow problem.

Car Ownership

Only car owners can obtain such a loan. The lender usually holds the car’s title until paid back, so the person receiving the loan has to own the vehicle outright.

Fees and Loan Terms

Another significant risk with such loans is high fees and the quick repayment, usually thirty days. Fees for car title loans are generally a quarter of the amount loaned, making a hefty payment once the loan is due. If the loan is not paid, additional fees can be added, and, ultimately, the person who obtained the loan could lose their car. Losing the car is the most significant risk of taking out a title car loan and why they need to be carefully considered. For many people, the loss of their car would be a massive blow.

Other Loans

Loans that can be obtained quickly often have high fees and require collateral, but there are alternatives to car title loans. Working [...]

By |October 5th, 2020|Loans|Comments Off on What You Need to Know Before a Car Title Loan|

The Difference Between Payday Loans and Car Title Loans

A loan is always there in a pinch. But just as there are many reasons for needing a loan, there are also several different types of loans. Two popular types of loans are payday loans and car title loans. Let’s look at the difference between the two to help you decide which one better fits your needs.
What is a Payday loan?
A payday loan is a type of short-term loan where the borrower simply writes a post-dated check to the lender for the amount of money needed plus some interest. The loan is paid out to the borrower immediately, and the check is not cashed by the lender until the agreed upon date. The agreed upon date is typically the day of or the day after the borrower’s next paycheck.

A payday loan can be executed very quickly, often in a matter of just minutes. You will generally need:

A checking account and your most recent statement
A driver’s license
A Social Security card
A checkbook
Your most recent pay stub

What is a Car Title Loan?
Taking out a car title loan means you’ll use your car as collateral to secure the loan. When you take out the loan, a lien will be placed against the title of your car. When you repay the loan, the lien is removed. It’s that simple.

You can still drive your car as much as you want while the lien is in place, so you are free to use your car to get to work to earn the money needed for your loan payment. And it’s also typically okay if you do not have full car insurance.

To take out a car title loan, you’ll [...]

By |February 26th, 2019|Loans|Comments Off on The Difference Between Payday Loans and Car Title Loans|

Simple New Year’s Resolutions to Help You Save Money

New Year’s resolutions are great opportunities to get a fresh start and improve your life. If you’re anything like most Americans, finding ways to save more money is near the top of your list. Fortunately, you can make great headway by adopting just a few minor lifestyle changes. Here are some helpful money-saving resolutions.

Like all resolutions, some setbacks are to be expected. If you’re caught off-guard by sudden expenses along the way, you can make ends meet with a convenient title loan from Cash Fast Loan Center in Clover, South Carolina.
New Year’s Resolutions to Help Yourself Save Money in Clover, SC
Cut Out the Small Expenses
Maybe you pick up a cup of coffee every morning or go out for lunch several times a week. These small expenditures can add up to a massive portion of your budget. Limiting these convenience purchases or cutting them entirely can save you hundreds in a year.
Prep Food Ahead of Time
Buying and prepping your lunches in bulk can save you both time and money. Just make several large servings of the same meal Sunday night and pack them up in plastic containers to reheat and eat throughout the week. This way you aren’t wasting money on ingredients for individual meals every day.

Here are just a few delicious and easy prep-ahead meals.
Eat Less Meat
Another way to save on food is to eat less meat. Meats are typically the most expensive part of any meal, and it can be substituted for high-protein vegetables like broccoli, mushrooms, legumes, and tofu. Avoiding meat can also help you improve your health. Try incorporating a “Meatless Monday” into your weekly schedule to get started.
Set Aside Extra Money
If [...]

By |January 10th, 2018|General|Comments Off on Simple New Year’s Resolutions to Help You Save Money|

Maintain the Value of Your Vehicle to Maximize a Title Loan

A vehicle is an asset. When buying a car, truck, or motorcycle, it’s important to consider the potential resale value should you ever want or need to sell it. And while you own the vehicle, it’s important to maintain the value of it.

Maintaining the value of a car is especially helpful for the purpose of acquiring a car title loan. A vehicle with more value can warrant a bigger loan and there are several ways in which you can protect the value of your car and maximize your borrowing power.

Regular service

Scheduling regular maintenance such as oil changes, oil filter replacements, and tire rotations can go a long way in preserving the long-term health of your vehicle. It’s recommended for most cars to undergo at least an oil change every 3,000 to 5,000 miles and many service stations will also perform a courtesy check of things like brake pads, tire wear, and fluid levels. Preventive maintenance is a short-term investment with potential long-term gains further down the road.  

Cleaning

A nice clean car will appeal more to a lender and thus can earn you a bigger loan. But keeping your vehicle clean is more than just cosmetic. Dirt, dust, salt and anything else picked up on the road can lead to rust and decay that can affect the performance of the car, lead to expensive part replacements, and affect the overall value of the vehicle.

Storage

The weather can wreak havoc on a vehicle. Rain, snow, hail and even just the sun beating down on the paint job can all cause a car’s value to take a dip. Store your car in a garage or car port when at all possible.   

Driving habits

Driving your [...]

By |November 17th, 2017|Title Loans|Comments Off on Maintain the Value of Your Vehicle to Maximize a Title Loan|

How to Quickly Pay Off Your Car Title Loan

If an unexpected expense is keeping you from making regular monthly payments, you may be able to get some relief from a car title loan. Title loans provide an emergency influx of cash to help keep you afloat in difficult times.

Since it is a loan, you’ll need to pay the money back eventually. Here are some tips that make paying back your title loan a little easier.
How to Pay off a Car Title Loan
What is a Title Loan?
A title loan is a small emergency loan you can apply to by allowing the lender put a lien on your car’s title as collateral. The amount of money you can take out is dependant on the value of the vehicle and your ability to pay back the loan.  Once the loan is paid off the lien is removed, returning full ownership of the title to the borrower.

Title loans can get you a short-term influx of cash, but like any other loan, it comes with interest payments. By staying on top of your loan payments, you can pay off your title loan without incurring any additional interest.
Find a Payment Plan That Works for You
During the loan application process, you’ll have a chance to work out a payment plan. Consider how much you’ll be able to afford each month when you work out your monthly payments. If you can afford to make larger installments, you’ll pay off the loan sooner with less interest.

You can also opt for smaller monthly payments, keeping in mind that you’ll pay more in interest this way.
Build Your Budget Around Paying Off the Loan
When you’re making your monthly budget, make sure that your loan [...]

By |October 16th, 2017|Title Loans|Comments Off on How to Quickly Pay Off Your Car Title Loan|

Learn How You Can Get the Most Out of Your Car Title Loan

Whether you need spare money to take care of unexpected expenses, start a business, or work on your home, securing a loan can be difficult. Fortunately, the solution to your problem may be sitting right in your driveway.

Car title loans let you use your vehicle as collateral to take out money. Once you finish paying off the loan, your title is returned to you. Here are a few tips on how you can get the most out of your car title loan from Cash Fast Loan Center near Gastonia. North Carolina.
How to Get More Out of Your Car Title Loan
Pick the Right Car
The amount of money you can take out depends heavily on the vehicle you are putting up for collateral. The newer and more valuable the car, the more money you can take out. If your household has more than one car, consider which one to put up very carefully.

If you need more money, use a nicer car when you apply for your loan. If you’re okay with a smaller loan or want to pay back less in interest, an older or less valuable vehicle is probably fine. You can use an online appraisal tool to find out the value of your car.
Ask About Repayment Plans
Your ability to repay the loan is the other factor in determining how much you can take out. When you’re in the approval meeting, make sure to ask about repayment options. Cash Fast offers a variety of unique plans, letting you repay quicker and avoid paying more interest.
Keep Up with Your Payments
Once you have a plan set up, stick to it. Taking too long to pay off the loan means [...]

By |September 12th, 2017|Loans|Comments Off on Learn How You Can Get the Most Out of Your Car Title Loan|

Ways You Can Spend Your Emergency Instant Loan

Even the best budgeters run into expenses they couldn’t have planned for. Unexpected costs can throw off your financial planning and make it difficult to pay your monthly bills. It can happen to anyone. Fortunately, there are options for getting your budget back on track.

Cash Fast Loan Center near Charlotte, North Carolina, offers instant loans to help pay for those sudden expenses. Here are a few of the things you can pay off with a payday or title loan.
Ways to Spend Your Instant Loan
Medical Expenses
Health issues can come out of nowhere. If you or a family member has experienced an accident or suffers from an unexpected disease, the medical bills can stack up quickly. A payday or title loan can keep medical debts from becoming a burden.
Car Repairs
Whether you use your car to get to work or for daily errands, you can’t go without it for long. That’s why most Americans can’t afford to put off major auto work. Whether you need to replace a failing part or repair your vehicle after an accident, instant loans can help you find the extra money you need.
Death Expenses
The passing of a loved one is one of the worst things a person can experience. This pain is often compounded by the costs of burial and funeral arrangements. Even if your loved one had life insurance, the costs are often greater than what you are prepared to cover.
Pay Rent or Bills
Sometimes little expenses add up, and by the end of the month, you’re short of the amount you need to pay your basic expenses. If you can’t put off any of these costs, you can use an instant payday [...]

By |September 8th, 2017|Loans|Comments Off on Ways You Can Spend Your Emergency Instant Loan|