title loan

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|

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|