loans

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|

How to Pay for Supplemental Education

For millions of Americans, adult education paves a path to better opportunities and financial prosperity. But obtaining a traditional degree is resource-intensive—requiring a lot of time and considerable costs.

College Isn’t Always the Best Solution

Regarding the latter, The College Board notes that the average cost of obtaining a four-year degree has tripled in the last three decades. The solution? Find alternatives to progress career-wise—case in point supplemental education.

Find What Works Best for YOU!

A traditional degree is not the only rewarding option to achieve financial prosperity. Some lucrative non-degree programs include vocational training, coding boot camps, and industry certification programs. But just like degrees, sometimes it’s not possible to foot the entire supplemental education bill through investments or savings. Luckily, there are lots of options to get tuition money—as shown below:

Student Loans: According to the latest student loan statistics, 45 million borrowers in the U.S. account for a record student loan debt of $1.56 trillion. While this may be deemed a nationwide financial crisis, it also points to the lucrative nature of student loans. These types of loans often offer favorable terms—include forbearance, deferment, and flexible repayment plans. Student loans for supplemental education can be accessed through several lenders and private banks.

Personal Loans: People who cannot access student loans can fund their schooling with a personal loan. They are an excellent option for borrowers with a good credit score and sound financial habits. Depending on your lender (e.g., credit union, non-bank lenders, or commercial banks), it’s possible to negotiate flexible terms.

Applying for Student Grants or Scholarships: Although grants and scholarships are highly competitive, they offer low-cost financing options—especially for disadvantaged students. For example, there are several grants and scholarships for veterans, minority students, low-income students, [...]

By |June 22nd, 2020|Loans|Comments Off on How to Pay for Supplemental Education|