Monday, May 28, 2012

Did You Know?

Did you know that not all states allow title loans?

We've all had a time in our lives when we needed a little extra cash. Usually when such a time comes up not only do we need the cash but we usually need it NOW! Especially in these economic conditions, the demand for short-term financial solutions is greater than ever. Unfortunately, some really rich guys sitting around in big leather chairs in the a/c have passed laws that prevent the people who need it most from obtaining short-term financial solutions.

However, there is good news for people who may live in a state that does not allow title loans. Since laws regarding this industry are governed on a state by state basis, there may be a neighboring state that does in fact allow individuals the access to short term credit when they need it most. If this is the case, individuals may cross the border into a neighboring state, obtain a loan, and return home with the cash they need. Many companies now have convenient ways to make payments that don't require driving back to the loan companies office every time a payment is due. Let's face it...gas is not cheap and doesn't seem to be getting any cheaper! Many companies allow their clients to make payments by mail, over the phone, and even on the Internet.

Remember, short-term credit should be used as just that, short-term. Remember to inquire about rates, length of term, and early repayment options when choosing a car title lender. Do not use lenders that will not answer these questions for you. There are many companies out there competing for your business. Find one that is fair, offers personalized service, and is willing to take the time to find a loan amount and payment that fits your individual needs.

For more information on reputable lenders click here.

South Carolina residents seeking title loan services

North Carolina residents seeking title loan services