If you are a young adult, you probably have little to no credit. This will particularly be the case if you paid cash for your vehicle, as an auto loan would have helped build your credit. That can be a huge problem if you would like to borrow money.

Suppose that you have an important bill due soon and don’t have the cash on hand to pay it. Maybe you owe your roommate money for rent or maybe you racked up a huge bill on your mobile phone. Whatever the case may be, you probably just want to get that bill paid and keep collectors off your back. Continue reading →

If you need quick cash, a title loan is a viable option. However, you may wonder if you are going to have to jump through hoops to get such a loan. After all, if banks won’t lend you money, will anyone else want to?

Let’s take a look at whether or not it is difficult to obtain a title loan.

Who Can Get a Title Loan?

According to Investopedia, most companies will not lend you money unless you own your vehicle outright. This means that your car has been paid in full and there is no money left on the loan. So, if you own your vehicle, you’ll probably qualify for a title loan. It’s that simple. Continue reading →

High interest rates are a hot button topic in the title loan business. Some may suggest that you steer clear of such loans because of them.

So, how much interest will you actually pay on a title loan? What will happen if you don’t pay it off on time? Is it worth it? Let’s examine the answers to these questions below.

How Much Interest Will I Pay?

According to Bankrate.com, title loans typically cost the borrower approximately 25 percent in interest over 30 days. Note that this interest rate will add a lot to your payment quickly if you don’t pay your bill off on time.  Continue reading →