Tuesday, June 14, 2011

Auto Title Loans – A great option for short-term financial needs

A title loan is a fast, safe and easy way for individuals who own their car with a lien free title to get cash using their car as collateral. It allows people to obtain funds using assets (their car) to solve short-term financial needs. The process is usually simple and requires a minimal amount of time to obtain a loan.

Let’s take a look at some comparisons between title loans v. traditional bank loans…

Application Process

Bank - usually a lengthy application requiring many documents, references, etc.
Title Loan – simple, one page application, minimal paperwork

Timeframe to Receive Funds

Bank - can take weeks, even months, sometimes up to 90days
Title Loan - same day, usually less than 1 hour!

Credit Check

Bank - lengthy credit check, often going back 7-10 years
Title Loan - absolutely NO CREDIT CHECK

Repayment

Bank - when an individual pays off a loan early, banks lose interest income…to offset this, many banks will charge a “pre-payment” penalty
Title Loan - no pre-payment penalty, in fact, paying a title loan off early may help to build a positive relationship with the lender which may allow individuals to qualify for another loan later on


These are just a few of the many differences between an auto title loan and a traditional bank loan. Recent economic conditions and credit markets have made it more difficult than ever to obtain a loan from a bank. Title loans are a great way for every day, hardworking Americans to get access to cash when they need it most.

As with any financial product or service, anyone considering borrowing money should do so responsibly. We encourage individuals to consider all available financial options and work closely with financial institutions to determine affordable repayment terms. For more information on short-term financial services please visit www.americanautotitleloan.com.

All this brought to you by your “Instant Cash” Team!

Check us out on
Twitter: @instantcashsc
Facebook: http://tinyurl.com/66qjmk9

See ya Soon!
The Instant Cash Team
www.americanautotitleloan.com

8 comments:

  1. Buying a car with private party financing is likely to get you a good deal. However, it's still important to understand how this kind of loan works.

    "Auto Finance Leads
    "

    ReplyDelete
  2. It is agreat lone site.Useful information like this one must be kept and maintained so I will put this one on my twitter list! Thanks for this wonderful post and hoping to post more of this!

    Delhan Fero

    Bad Credit Auto Title Loans

    ReplyDelete
  3. Are you saying that auto loans are considered as short-term loans too?

    ReplyDelete
  4. Great post. Thanks for sharing. This information is very useful.

    For more details just click Payday loan fresno

    ReplyDelete
  5. A car title loan victim can quickly find his or her job repossessed along with the car. ....

    ReplyDelete
  6. Great blog with informational posts. Title loans are great for small business owners and individuals those who want to meet their emergency cash situations. Industries are providing Best car title loans at highly competitive interest rates.

    ReplyDelete