How Title Loans Work
Title loans are loans in which you use the title of your car to obtain a loan based on the value of your car. The downside is that you can lose the car if you default on the loan. The bottom line is there is no upside. Do you really want to take a chance that you’ll lose your car? We think not.
What Are the Terms of a Title Loan?
Because they are short term loans, a title loan usually has to be repaid within 30 days after you receive the loan. Moreover, the interest rates on title loans are very high. Again, is this a risk you want to take?
A Viable Alternative to Title Loans
If you need money now, for whatever reason, there is another alternative to title loans and that is a payday loan. If you have a steady income, a bank account, and are at least 18 years of age or older; you qualify for a payday loan. We have several payday loan companies that are among the most popular online today, offering a safe, secure, and expeditious handling of loan applications.
Best Payday Loan Companies
Fast Internet Loans, Downtown Money Advance Loans, Assurance Pay Day Loans, Borrow When You Need It, Finish Line Payday Loans, and Cash Advance Micro Loan are the best payday loan companies around today. You can apply to any one of them and after you fill out the online application, you will instantly be matched with a lender who can loan you up to $1000 right now! You can then pay back the loan when you receive your next paycheck, or take advantage of other options in case you need additional funds.
For example, you can pay the loan in full; you can auto finance the loan; you can renew the loan and pay the interest and fees only, or you can renew the loan and pay the interest and part of the principal.
If You Need Money Now…
Apply for a payday loan. Don’t risk losing your car or damaging your credit rating by taking out a title loan.