If you're like most people, your payday honeymoons are short-lived. This is because we all live in a very real world of living expenses. Bills tend to come at us from all angles, such as our home mortgage and rental, car repayments, and utility bills. Add to that's groceries, insurance premiums, and school fees and things start to get tight. If you're battling to get ahead of your bills, a car title loan can help. It's a great way of getting access to instant cash. If you're needing a little loosening of your financial belt, then keep reading.
When it comes to applying for many types of finance, there is usually a long process involved. Endless documents, credit history checks, bank account statements to name a few. This is where car title loans are different. The only credit assurance they need is your car. That's right, your car acts as collateral for the loan you receive.
This means that your application runs quickly. At Rapid Title Loans, you begin by doing a 5-minute online application. There are no forms that need to be printed out or required documents on the spot. After completing a questionnaire, you'll see the provisional loan amount you qualify for.
Once you've completed the quick online application, you have two options. You can pop into one of our authorized inspection centers, or do a virtual online inspection. Once your car inspection is completed, there will be final verification. This usually takes about 30 minutes to complete. No days of waiting, just half an hour! And voila, your car title loan cash will be in your hand. Best news of all? It's cashable that same day. The only reason you'll be going down to Well Fargo, or the Bank of America is to get your cash, not apply for it.
Budget Boosting Tip: Besides a car title loan, here's another debt management strategy. Get into the habit of saving during the good months. Some months have more expenses than others. If it's been a lighter month, instead of splashing out on the latest flat screen or earphones, why not save the money. This will help you to build up an emergency fund for the bad months.
At Rapid Title Loans, we don't want you to be caught in an endless debt cycle. That's why our title loans are limited to 12 months. This way, you know that in a year, you'll be free of the repayment commitment. What's more, is that your first payment won't be due for the first 30 days from your loan date. And the interest will only be charged for the outstanding loan time. We want to make it easy for you to repay your car title loan.
Once you've finalized your application, you'll have three payment options to choose from. These include:
You have the freedom to utilize a payment option that fits into your lifestyle and schedule.
Budget Boosting Tip: Time for another tip. Ever thought about taking on a side-hustle? There are so many ways to make that little extra each month. Ever thought about pet sitting, being a ride-hailing driver, or offering music lessons? Bringing in that little extra each month may help take the pressure off. You may even want to use part of your car title loan money to help set up your side hustle.
At Rapid Auto Loans, we're all about quick finance. When life is busy, no one needs the hassle of paper-heavy loan applications. At Rapid, all it takes is an online application, a vehicle inspection, and a quick verification. If you thought your car was a depreciating asset, it may also be the financial key you were looking for.
Typically, having good credit is important for buying a new car. But if you have bad credit or no credit, you may be wondering what your options are. Fortunately, buying a new car with no credit is possible: it just requires a few extra steps. Here are a few strategies to consider, from the expert lenders at Rapid Auto Loans:
It can be very common for your credit score to be lower than you’d like it to be if you’ve paid your bills late in the past or have a lot of debt. Bad credit can then put you at a disadvantage when it comes to getting approved for loans in the future. Rapid Auto Loans is here to help you and will approve your loan when nobody else will.
When you find yourself in a rough patch, getting quick cash can be challenging. Many people resort to payday loans as their go-to option. Payday loans come with high-interest rates and can put your paycheck in jeopardy. Here are some payday loan alternatives to consider.
A little bit of extra cash can go a long way, but unfortunately, money doesn’t grow on trees.
An auto equity loan offers a loan based on the equity that someone has in their vehicle. If they have paid off their car loan and it has a clear and free title, then its equity is equal to the car’s market value. Also known as a car title loan, Rapid Auto helps customers in need of quick emergency cash to stay current on their bills with this car title loan.
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