Have you ever applied for a bank loan? If so, you probably had to fill out a load of paperwork. You would have gone through a credit check and had to deal with the awkwardness of credit problems if they came up. Then, you may have waited for what seemed like an eternity for the loan to be processed. Finally, if you met all of the bank’s requirements, you would have received a check in the mail a few days later.
Does the above sound like something you want to go through just to borrow someone else’s money? After all, it’s not a gift – it’s a loan, meaning that you are going to pay it back. Also, how many people have the time to complete all of those steps these days?
Like other types of alternative loans, car title loans are often a subject of hot debate. Some claim that they are bad for consumers. Are they right? For a short answer – no, they are not.
Car title lenders help serve an otherwise underserved market. Many people cannot obtain traditional loans due to credit issues. However, car title lenders often work with such individuals to help them get the money they need. In fact, Car Cash Loans will never run a credit check, allowing you to skip that awkward process if you have credit problems.
Let’s explore some of the misconceptions that are out there regarding car title loans.
Driving around Los Angeles can be very expensive. If you violated a traffic rule, whether intentionally or not, you may have learned the hard way that it can be even more expensive. This is because of traffic tickets, which the police will be more than happy to give you if you speed, park illegally or so on.
You can fight your tickets in court, but the judge may not buy your argument that you thought the 6 in “65” was an 8, which is why you were driving at 85 miles per hour on the highway. He also may not buy your explanation that you have amnesia and forgot about your outstanding parking tickets. Additionally, you’ll have to take up a chunk of a day or more to fight that battle. If you legitimately were not violating any traffic ordinance, then fight it, but if you are just trying to wiggle your way out of a clear violation, it may be best to just pay it.
If you are in good health, great! However, if you have developed a serious medical condition, whether temporary or chronic, you probably already know that medical bills can be very high. In fact, medical debt has become the leading cause of bankruptcy in the United States.
Things aren’t projected to get any better. By 2014, it is expected that our-of-pocket medical expenses will reach an average of $3,301 per household in the United States. Imagine what your bills will be like if you have a serious medical condition?
If you’ve gotten behind on your rent or mortgage payments, things can spiral out of control quickly. After all, a landlord or bank may see it’s profits going down the tubes and decide to evict you, leaving you homeless.
If you anticipate receiving an eviction notice soon or have even been told that you’ll be forced to leave if you don’t pay up, it is time to act quickly. Banks can take days or even weeks to decide whether or not to give you a loan and, if they decide not to, that is a bunch of wasted time that you probably cannot afford to lose. Also, banks tend to have tight lending requirements and run credit checks, which won’t work well for you if you have poor credit.
With spring under way and the summer months approaching, landscaping is a major concern for many Americans. If you’d like to have any major landscaping work done, it could cost you an arm and a leg. Alright, it’s not that bad, but the bill could easily tally into the hundreds, thousands, or even tens of thousands of dollars.
To get the financing that you need to hire a professional landscaper, you could get a car title loan. You may have heard of such loans referred to as title loans, u-drive loans or pink slip loans. Let’s take a look at some of the factors to consider regarding car title loans.
I’ve never met anybody who had a dream of going to prison. That being said, some people unfortunately find themselves in such a position.
If someone you know has been arrested and is currently in custody, he or she may have already been offered bail. This is an amount of money that must be paid in order to be released while awaiting trial. This person may have asked for or need your assistance to help alleviate this problem.
There are various reasons that someone may want to start a business. You may be tired of working a dead-end job or hate sitting in 3 hours of Los Angeles traffic every day. Maybe you’ve always had the entrepreneurial spirit. Whatever the case may be, you have decided to go the route of self-employment.
Alright, you’ll just resign from your job and open up shop tomorrow, right? Probably not.
Most business owners must pay quarterly taxes. These are tax payments that are paid 4 times per year in lieu of having taxes withheld on each paycheck, as you may have experienced as an employee at some point in your life. If you have owned a business for a significant length of time, you are probably already aware of this.
Quarterly taxes can come in the form of hundreds or even thousands of dollars. If business is going good, you probably have enough cash to easily make these payments. However, if your business has hit a rough patch or you simply forgot to set money aside for your tax payments, you’ll have to come up with the money through some other means. Otherwise, the IRS could quickly become an unwelcome guest in your life.
If your current computer is riddled with viruses or has some serious malfunctions going on, it is probably time to get a new one. However, as computers tend to cost hundreds or even over a thousand dollars, doing so isn’t always easy.
Of course, you could try to get a loan from a bank, but they’ll probably require you to take out more than you need. This is because banks tend to offer loans beginning in the thousands of dollars. Below is a list of a few major banks and the minimum amounts that they offer: Continue reading →
Going to college can be a great boost to your career prospects. However, it can be a massive drain on your budget. The average costs of doing so range from $2,693 per year (in-state, 2 year college) to $28,500 (private 4 year college) – and those are just the averages. The most expensive college costs over $56,000 per year to attend – more than most Americans earn during that same timeframe!
With high costs and the fact that college students typically aren’t paid well if they work at all, you may be feeling a financial crunch. You may have fallen behind on your tuition bills and have to pay them to remain in school. However, many college students have little to no credit and little to no income. If you fit this description, you will likely have some trouble borrowing from a traditional lender.
If you’ve decided that she is the one, you are probably going to buy her an engagement ring. Of course, such rings are not cheap and you may need outside financing to get one.
Going to a bank to get a loan is one option, but it won’t do you much good if you have credit problems. Also, doing so can be time consuming and burdensome, making you really test your love at an early stage!
Instead, you can go to a car title lender and get a car title loan. This is a loan that is based on the value of your vehicle. Essentially, if you own a vehicle and can provide a few related items such as a drivers license and proof of insurance, you’ll be well on your way to getting a car title loan.
If you own a second vehicle or are just strapped for cash, you can get some extra money very quickly by pawning your possessions. You’re probably thinking of bringing your stereo, television, jewelry or some other possession to a pawn shop. Did you know that you can also pawn your vehicle for cash?
You can pawn your vehicle through a car title lender. At Car Cash Loans, you can get a loan for as low as $500 by doing so. Let’s explore this process in detail. Continue reading →
If you want to upgrade your entire kitchen or buy a new car, a bank can certainly help you with that. However, if you need a small loan to cover a bill or another relatively small expense, many banks won’t work with you.
Below is a list of a few banks and the minimum loans that they offer.
Bank
Minimum Loan Amount
Bank of the West
$1,000
East West Bank
$5,000
Wells Fargo
$3,000
Bank of America
$10,000
As you can see, these major banks won’t work with you if you just need a few hundred dollars. For example, if you need $500 to pay off your cell phone bill, you’ll be out of luck with these banks. Continue reading →
If you’re in the market for a loan in Southern California, consider a pink slip loan.
A pink slip loan is a loan against the value of your vehicle. It may also be called a car title loan, title loan or u-drive loan. Such a loan can be very useful if you do not qualify for a traditional loan or would rather skip the hassle that banks and other traditional lenders tend to require.
So, what is required to get a pink slip loan? How much money can you borrow? Will credit trouble matter? Let’s explore the answers to these and other questions. Continue reading →
According to Wikipedia, the length of the work week of the average American is at the highest point that is has been in the past 75 years. Among other major countries, the United States ranks last in terms of the average vacation time that employees get, according to Infoplease.com. So, many Americans are enjoying less free time than ever before.
With this in mind, you may wish to spend your next vacation away from home, not take a so-called “Staycation.” You probably won’t want to spend your next week off reading the newspaper in your living room, but would rather enjoy it. However, that is easier said than done, as vacations can cost hundreds or even thousands of dollars. Continue reading →
Ah, wouldn’t it be great if there were no 16th Amendment? There would be no federal income taxes, mid-April would just be a normal time of year and we wouldn’t have the IRS breathing down our backs if we missed a payment. That would be great, but that’s not the way it is right now.
As we near the tax deadline, it is a good time to think about what your immediate financial future will look like. Sure, some of us will get a refund, but many will not. Thus, some people will end up owing money to the IRS. Continue reading →
Times are tough for many Americans. In fact, here in California, we have the second worst unemployment rate in the nation. According to the Bureau of Labor Statistics, the unemployment rate in California is 11.1 percent, meaning that over 1 in 10 Californians who are seeking work cannot find it.
With it being tough to find a job these days, you may be strapped for cash. Unemployment compensation will only get you so far if you even qualify for it in the first place. Your savings will bleed fast if you don’t have any income coming in. Thus, it may be difficult to keep food on the table. However, the news isn’t all bad, as you may have a source of income sitting just outside your home. Continue reading →
Are you having trouble paying your bills? Have you had a check bounce recently or paid a hefty overdraft fee? If so, you may wonder where you can get enough money to prevent this from happening again.
You may not be aware of it, but the solution to your problems may be sitting outside your home. No, there isn’t a huge bag of money just sitting there, although that would be great! What I’m referring to is your vehicle. Continue reading →
Having a job doesn’t always mean that you make enough income. Sure, you have some money coming in, but it may not stretch far enough to make ends meet. So, you may have fallen behind on your expenses, meaning that you’ll have to come up with more money to pay for basic necessities.
According to the Department of Labor, the minimum wage here in California is $8. If you work 40 hours per week, that comes out to approximately $1,280 per month – and that’s before taxes. After taxes, you may end up taking home a few hundred dollars less than that. That may be just fine if you live in a rural area, but it won’t get you very far in Los Angeles, where the median rent is $1,049, according to CityData.com. Rent alone would eat up all of your take-home pay. Continue reading →
