For a car title loan or personal loan, there’s no better stop than Loans for Less. Our loan experts offer low rates and professional advice on title loans, and our reputation and consistency have led us to over 19 years of high-quality service to Utah residents. Before you ever set foot in our office or give us a call to speak to one of our agents, though, you obviously will want to know why you’re in need of the quick cash we provide at Loans for Less. What are some of the most common expenses people use title and personal loans for? Let’s take a look.
Benefits of Getting an Auto Title Loan
It happens to the best of us—there comes a time in your life when something comes up and you need cash fast. Whether it’s an unexpected bill or you need cash for other expenses, car title loans are one of the greatest ways to get the cash you need quickly. If you are interested or thinking about a title loan, take a look at these benefits to car title loans:
Easy AccessApplying for a car title loan is fast and easy; you can either go online or make a phone call. The process is so simple you can be done in about 10 minutes. What’s even better is that you will typically get a fast response on your application and if approved funds could be picked up that same day.
You Qualify if You Have a VehicleYou can qualify for an auto title loan whether you have a car, motorcycle, RV, SUV, or truck. These loans are based on collateral by using your vehicle’s title, not your credit.
Credit is a Not an IssueIf you are concerned about your credit or just don’t want to have an additional loan reported on your credit account, an auto title loan is known as a no-credit check loan and is based off of collateral – your vehicle’s title.
You Can Still Drive Your CarEven if you get an auto title loan, you can still drive your car. The title is used as collateral in case you can’t pay the loan back. Once you make the final payment, the title is returned back to you. You don’t have to worry about how you are going to get around if you get a car title loan.
Cheaper than a Cash AdvanceAuto title loans use your vehicle as collateral, and because of this, they have a layer of protection, so they don’t have to charge as high of interest rates.
Easy Repayment OptionsQuick and efficient repayment options are offered. With these loans, you will have an upfront schedule, that way you will know when payments need to be made.
Alleviate StressLife gets hard at times. If you are going through a tough time financially, a cash title loan can help you get back on your feet. There is no reason to live with extra stress when you are in need of quick cash.
Preventing Identity Theft
Identity theft is a fast growing crime, and prevention starts with you. Are you doing everything you can to stop someone from taking your personal information? Once they have it they could use that information to open account or get loans in your name. Here are some simple and useful ways to help prevent identity theft:
ShredBe sure you are always shredding documents before they go in the trash. If you can, keep a shredder nearby to dispose of personal information such as credit card and bank statements, or even credit card receipts. If you do not have access to a shredder make sure you are ripping up documents as much as you can before putting them in your trash.
Carry little informationWhen you are out and about, try to carry as little information as possible. You don’t really need five credit cards in your purse or wallet all at once. Avoid having your social security card and passport in your purse. In this day and age checkbooks are rarely used. If you don’t need to write a check, it is not necessary to carry your checkbook everywhere you go.
Limit the information you give outIt is important to limit the amount of personal information you give out. Several phone scams have been reported as a result of identity theft. Steer clear of providing personal information unless you have instigated the call or you are positive you know who you are dealing with. Think about if the person or company really needs you social security number.
Online shoppingUse caution when shopping online. Prior to submitting your personal or financial information through an online site, look for the padlock image on your browser’s status bar. Another thing to be mindful of is if the site uses https:// rather than https://, this will help you determine if you are using an authenticated website or not.
Keep tabs on your accountsMake sure you are keeping close tabs on your accounts. Monitor your bank and credit card statements to be sure all transactions are accurate. The internet gives you access to your accounts 24/7 therefore, you can check your accounts as often as you like. If you suspect any suspicious activity contact your credit card company or bank ASAP.
Ways to Boost your Credit Score
Nowadays having a good credit score is important; it can assist in lowering your borrowing costs and help you pay less for insurance. Sometimes it can even help you get a job! Lenders, insurance companies, and a number of employers use credit information to make their decisions. What is the best way to boost your credit score? Here are some things that those with high credit scores share:
Pay Bills On TimePayments that are paid on time can provide a big increase to a person’s credit score. On the other hand late payments can significantly lower it.
Check Credit Report FrequentlyCredit bureaus can sometimes make mistakes, so you should check your credit report at least once a year. This is vital in making sure the right information conveyed to the credit bureaus. Your credit score reflects the value of your credit record and a mistake could potentially lower your credit score.
Use Credit SparinglyTry to use only a small percentage to credit available to you. Credit cards that are maxed out or have balances nearing a credit limit will lower your credit score. Those with a higher credit score will often receive lower rates for mortgages and other types of loans. They could also get lower premiums on some types of insurance policies. A higher credit score may also benefit you in your job search, as almost half of U.S. employers conduct credit background checks on applicants. If you have found yourself on the other side of things and need to improve your credit score there are some ways to do that.
- Prioritize Extra Payments on Maxed-out Cards – when you have the money to pay down your balances, you should focus on the cards that are closest to maxed out. This will benefit your score the most.
- Don’t Miss a Payment – If all you can afford to pay is the minimum payment, you are better off doing that than not making a payment at all. This way it is still counted as an on time payment.
- Don’t Neglect your other Payments – Be aware of what accounts are being reported to credit bureaus and be sure you are paying on everything.
5 Benefits of Car Title Loans
Are you struggling financially right now? Sometimes life takes a toll on you and you wish there was a way to make some fast cash. Whether you’re having trouble paying an unexpected bill or your expenses have grown too much, you can relieve your stress with car title loans. This type of loan is one of the most effective ways to get quick cash. Here is a look at benefits of car title loans.
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Title Loans, Easy to Get Personal Loans in Salt Lake City in Demand
An auto title loan, or title loan, is a secured short-term loan that requires the borrower to put up a vehicle he owns as collateral. The borrower allows the lender to put a security interest on the vehicle’s title, which will be lifted as soon as the borrower completes payment of his loan. If the borrower fails, the lender can sell the former’s car to pay for the amount he owes.
Things to Ponder Before Getting Low Interest Personal Loans in Ogden
It’s easy to get excited over something you’ve always wanted to buy, like that brand-new car, a one-of-a-kind designer evening dress, or the LED TV you “badly” need. When you don’t have the money, it’s even easier to get tempted to take out a personal loan just to acquire those coveted items.
Negotiation Tips to Pay off Topnotch Title Loans in Salt Lake City
Just like treatment expenses for a health condition that’s not covered by insurance, people can turn to loan agencies that offer topnotch title loans in Salt Lake City for financial emergencies,. However, with a loan comes the weight and responsibility to pay off the loan in full and on time. That in mind, personal finance writer Ben Feldman offers a few tips:
What to Consider when Using Car Title Loans for a Financial Emergency
In the event of an emergency, applying for car title loans is a good option to cover expenses, as Investopedia writer Reyna Gobel explains:
“How Car Title Loans Work If you were to take jewelry or other valuables to a pawn shop, an employee behind the counter would appraise your items and give you a loan based on what your items are believed to be worth worth. In this case, the pawn shop will lend you money and charge interest. If you don’t pay back the money within the agreed-upon time frame, you will forfeit your items. This is similar to how a car title loan works.”