Corporate Flyer Blog

Auto title loans benefit homeowners who have been rejected by other financial institutions.  If you are a homeowner and need money for renovations or repairs and cannot obtain funds from a mainstream lender then you should consider a title loan.  These loans are easy to obtain and can save the day for unexpected home repair expenses.

The requirements for a title loan is that the applicant must own their vehicle along with a free and clear title.  This loan is considered a secured loan, since the lender will be using your vehicle as an asset for collateral.

Oftentimes, these loans can be applied for online and without a credit check.  Online lenders provide a short application that can be filled out and submitted directly from their website.  Once received, a loan specialist will contact you with further instructions on obtaining your funds.  The funds may even be available the same day.

Title loans are not available in every state.  Not to worry!  Visit www.15minutetitleloan.com to locate a store nearest to you.  Even if your state does not allow title lending, a bordering state to you may be an alternative.

Title loans or pink slip loans are obtained by borrowing money against the equity in your car.  Choosing a title loan should involve careful planning.  These are the questions that you should ask yourself before deciding to apply:

• Do you own the car completely? – Obtaining a title loan requires that you hand over the title to your car while you are repaying the funds borrowed.  You can continue to drive your vehicle, but if you do not repay the loan your car will be repossessed by the lender.
• What is your plan for repayment of the loan? – Title loans have a fixed period for you to pay back the funds borrowed.  Assuming that you are strapped for cash, which is why you are taking out the loan in the first place, you need to have a plan in place to repay the loan.  Otherwise you can get caught in the vicious cycle of taking out one loan to pay off another.
• Finally, how do you choose a reputable title lender?  Most lenders offer their services online by having you fill out a short application located on their website.  However, many title loan websites are simply a “middle man” and not directly affiliated with the title lender.  They charge a fee for use of their services that will reflect in the amount of fees/repayment paid back by you!

Thousands of California residents are being affected by the states debt crisis.  Tax refund checks are being delayed causing anxiety in those who rely on these funds for medical bills, household expenses, etc.  This is especially difficult given the current economic climate that our nation is weathering.

Title loans offer California residents an easy solution for their short term financial needs while waiting for their tax refund check.  Even if you have bad credit you can qualify for a title loan by using the equity in your vehicle.  These loans can be obtained by filling out a short online application.  Once the title lender receives your information, a loan specialist will contact you with further details on how to claim your funds.

There are many times that we need to get our hands on cash in a hurry.  Several options come to mind – borrowing from a friend or relative, getting a cash advance on a credit card, selling items on Ebay or Craigslist, or obtaining a car title loan.  Some of these options are not feasible, but applying for a title loan can be quick and easy if you are dealing with a professional title lender.  The title loan business is very beneficial to those who have done their homework and know what they are signing on to.

The main benefit of obtaining a car title loan is to get your cash in a hurry with little or no hassle by using your car as collateral.  Trying to get a traditional bank loan has become increasing difficult with stringent credit limitations that banks are now imposing.  Basically, if you have bad or slow credit - forget about turning to your banking institution for the help that you need.  Getting a title loan is quick and easy.  The added benefit is that you get to keep your vehicle while the loan is in motion.

Title loan pros:

• Easy application process that oftentimes can be completed online and only requires proof of employment, a drivers license or state issued ID, and a paid for vehicle to use as collateral.
• Instant cash in your hands.  Most title lenders allow the borrower same day funding.
• Bad credit is not an issue.  Lenders use your car title to take the place of credit requirements.

Title loans are useful for all of your personal and business cash needs.  Do your research by checking the laws in your state since title loans are not available in some areas.  Most importantly find a reputable lender, prepare a list of questions, and leave with hassle free cash in your hands.

Bernie Madoff, the loser financier, pleaded guilty last Thursday to 11 charges and was led off in handcuffs – just as he deserved.  I was afraid the judge would have sent him to his lavish New York penthouse to await sentencing, but the judge was having no part of that.

If there is any justice in this country, this swindler will spend the rest of his life in jail.  My hope is that the judges slaps him with a life in prison sentence with no chance of parole.  No chance of spending a few years in the clink and then being released to his excessive lifestyle of private jets, houses all over the world, and staff to attend to his every need.

Unfortunately, we will not have the pleasure to see this man squirm in court since he took a plea deal.  It also means that he will not be able to rat on his wife and sons who were undoubtedly involved or at least aware of his crimes.  Hah, good old Dad, taking the blame so that his swindling family can continue to enjoy life to excess with no remorse for the pain and devastation that they have caused the thousands that have had their lives ruined by this selfish man.

Investors around the world were affected by this jerk, but I came across a great article in the Miami Herald that quotes several south floridians devastated by scheme. 

http://www.miamiherald.com/1374/story/946526.html

There are many times when you need cash in a hurry. Borrowing money during a time in need can be a daunting task.  A title loan can be very beneficial to those who do their homework and clearly understand the terms of the loan.

The purpose of a car title loan is to receive a loan with little or no hassle by using your car title as collateral.  Given our country’s current economic state trying to get a more traditional type of loan has become a more difficult and lengthy process.  As credit qualifications become increasingly stringent, consumers with slightly damaged credit are now facing higher interest and low approval rates when applying at a more traditional institution.  With a title loan, credit is usually not an issue and borrowers can continue to possess their vehicle even while they are repaying the loan.

The benefits of a title loan are an easy application process, instant cash in your hands, bad credit is usually not a factor, and you can build or rebuild your credit history.

To obtain more information on a title loan lenders do some research online.  A lot of the lenders offer a short and easy online application with quick approval response times.

Reputable payday and title loan lenders continue to fight an uphill battle on the perception that their industry faces.  This is caused by the numerous disreputable lenders that give a bad name to the biz. 

Company spokesmen for one of the largest and reputable payday and title loan lenders indicate that their company policy follows a best practices guideline and seek to educate consumers on the benefits of utilizing reputable lenders.  If people cannot pay back the loan when they are due, whether it is two weeks or a month, they are given four pay periods to pay the loan back with no additional fees.

Reputable lending stores also display large signs that clearly states how much people will owe for the loan amount that they borrow.

Industry reps understand the concerns that consumers have about the fine print and may not understand what they will actually repaying.  Industry insiders realize that they are bad actors or abusive lenders who are not good for anyone. That is why all of the reputable lending companies are pushing for complete transparency.

Payday and title lending stores are regulated at the state and laws vary from state to state.  Please refer to some of my previous postings to find out what rules apply to the state in which you reside.

With 40 – 50 percent of people living from paycheck to paycheck, if an unexpected financial issue arises, it is no longer easy to tap the equity line on your home or get an increase on your credit card limit as banks are beginning to pull back on offering those lines of credit – even to high qualified borrowers.  So many people have to turn to cash stores.

Opponents to title loan lending contend that people who use this type of lending to meet their short term financial needs become trapped in a cycle of debt and will ultimately have to surrender their vehicle to the title loan lender.  However industry representatives argue that this is just not the case and that their service offers a realistic option for people to short on cash to cover their bills, and most people pay their loans back on time.

Payday and title stores want to be responsible lenders because they do not want to lend money to people who cannot pay them back.

A typical payday or title loan customer seeks this service because they cannot get the cash they need from a typical banking institution and do not have a friend or family member that is able to lend them the money.  They are often facing impending bounced check fees or incur exorbitant late fees for not paying on time.  In fact, credit card companies are increasing the interest rates on late payers which can cost hundreds of dollars in accrued interest.  These customers often weigh their options and know how much each of these options is going to end up costing.

Industry statistics indicate that about 95% of payday and title loan customers pay their loans off on time.  Sometime this is not in the terms originally set forth by the lender, but lenders do follow best practices and can extend the repayment period with minimal fees being incurred.

Most lenders offer their services online with a quick and easy application process.  There is usually no credit check involved as there is when applying for a bank loan or credit card.  So there is no risk in lowering your credit score by having too many inquiries on your credit file.

Payday loans are becoming increasingly advantageous to consumers looking to satisfy their need for short term cash.  With the availability of credit drying up at an alarming rate, these loans remain a viable solution for those in need.  Another reason that makes the loans so attractive is that they are easy and hassle free to obtain.  Most lenders allow you to apply online and have very fast approval times.  The paperwork required to obtain a payday loan is extremely minimal.  Usually just proof of employment or regular monthly income and best of all, credit is usually not a factor.

Some online loan sites are simply a “middle man” their role is to take your information and distribute it to loads of lenders for your loan requests.  Utilizing this type of service will oftentimes inundate your email inbox for months with advertisement from hundreds of payday lenders.  I have also heard instances where they will relentlessly call your cell or work phone to solicit their services.  To avoid this fiasco try to find a lender whose online application goes straight to their office for funding approval.

Payday loans are a great and inexpensive way to get by until you are paid again.  Especially considering that banking overdraft and late payment fees can be quite expensive compared to the rates that Payday lenders offer.

We have all been in this situation – crossing our fingers hoping that you have enough money in your checking account before the check or online payment for bills clears the account.  The obvious solution is being responsible with your hard earned money and avoiding this dilemma all together, but sometimes this is just not an option.  NSF fees are on the rise and are extremely lucrative for the banks.  Their computer system has also become increasingly savvy at rearranging debits from your account to maximize the amount of NSF fees charged.

For example, you may have $ 15.00 in your checking account, but without thinking about it you use your debit card at the grocery store for $ 19.00.  The register will accept your debit card, but be advised that an overdraft charge of $ 25.00 – $ 39.00 (depending upon your banking institution) will be deducted from your account.  And sometimes it does not even stop there!  Some banks will continue to charge your account $ 2.00 – $ 5.00 per day, until the account has a positive balance.  In addition to monthly maintenance fees.  So, at the end of the day – your $ 19.00 purchase can cost in excess of $ 50.00 in fees.

A payday loan of only $ 100.00 (to be paid back with your next paycheck) would have only cost you $10.00!!!  By taking a few minutes to apply for a payday loan online you could have saved yourself $40.00.  I find this to be the best option for short term cash needs.