Car Title Loans Dispels Common Myths About Title Loans

According to Title Loan Cooper Services, which provides car title loans in Texas, many people have misconceptions about title loans, including the process to obtain a loan and what they are used for. This can hold some people back from getting an emergency loan when they need it most. Cooper Services dispels many of the common myths surrounding car title loans.

One of the biggest misconceptions people have is they will not be able to keep their car or truck. The truth is title loans are just a loan on the title of the car, and borrowers do not need to turn over their vehicle to get the loan, just the vehicle's title. The lender retains the title and places a legal lien on the car. As long as the borrower makes the agreed-upon payments, the car remains in their possession the entire time and the title is returned upon full repayment.

Many people also believe the lender restricts how the borrowers may use the money, which is simply not true. While traditional lenders do this, and require the loan be used to make home improvements, for example, car title loan companies do not ask questions about how the money will be used and the purpose of the loan is irrelevant.

Title loan contracts are also very brief and are not filled with tricks designed to deceive the borrower, contrary to popular belief. Lending laws enforce very strict rules over the industry about what terms are acceptable and how the contract must be worded. If there is excessive verbiage, it's usually the fault of state laws, not the lender.

Car Title Loans finds that many people also believe that title loans must be paid off within 30 days, which is also false. Most of the time, borrowers have up to three years to pay off the loan with monthly payment arrangements that meet the borrower's budget. Of course, borrowers have the option of paying off the loan at any time, and paying off the balance early can save the borrower extensively.

Finally, We dispel the myth that online title loans are not available. Most title loan providers do not run credit checks, so individuals with bad credit may apply and even take advantage of online title loan services. In this case, necessary documentation is provided online, and the borrower brings in or mails the title to the lender once the loan is approved. Many lenders also offer to meet borrowers at a convenient location to sign the documents and exchange the title for cash after the online process is complete.

We offer online car title loans to Texas residents.

Car Title Loans is headquartered in San Antonio, Texas with three locations and serves all of Texas by facilitating title loans online. Their simple three-step process includes a brief online application, a phone verification and a meeting with a mobile loan agent to deliver the cash, typically same-day.

The Convenience of Car Title Loans

Needing some spare cash on hand to give yourself a breather isn't a bad choice. Especially now in today's economy. Relieving some of the stress from every day expenses to holiday spending money can be at the tip of your fingers with Columbus car title loans. These loans are easy to achieve with little to no credit at all.

Car title loans in Columbus will work with you if you have a vehicle and the title to that vehicle. They will crunch some numbers to see how much your vehicle is worth, how low of an interest rate they are able to lock down for you and how much they are willing to loan you based upon these numbers. The Columbus car title loans company has many options to offer you because they will have your vehicle as collateral and get you the best deal to relieve some of your worries. No questions asked about what the money is for but will get you the money that your car is worth.

Car title loans in Columbus can keep their interest rates fairly low compared to regular banks because they will keep your vehicle's title and a spare set of keys. If you are unable to pay your loan pack within the allotted time then they will come repossess you vehicle. They help you by keeping the interest rate low so that you are able to make your payments and make them on time to ensure that you will be receiving your car's title loan back.

There is no need to worry about credit checks because these companies don't need to work with your credit score by any means. They figure that having your vehicle on a leash will mean that their money is secured to be paid back. The answer to your application can be ready is as little as a few minutes or even a few hours. No biting your nails for a few days to get your answer or your money.

There are many reasons why you will need this extra money. Having money on hand for anything that might come up, a family vacation for a few days or making sure your family has a nice Christmas and the kids get the gifts that they asked Santa for. It will be quick, easy and painless and you will still be able to use your vehicle to get around town. You can always pay the loan off in less days then what you have originally set up for and that will make things easier day by day as well.

Keep your vehicle in tip top shape and do some research to find the best deal around.

Cash Flow Financing and Cash Advances- Small Business Loans for Bad Credit

Obtaining small business loans when your credit could use some work is definitely one of the biggest challenges facing small business owners today. One option that is available to you, even with a low credit score, is something known as cash flow financing, which is based on your business cash flow. Another similar option is something called a merchant cash advance, which is based on your future credit payments. Here's an overview of these two options, both of which can give you the cash you need to buy equipment, expand your business, purchase inventory and much more.

What is Cash Flow Financing?

Cash flow financing is quickly becoming one of the most popular small business loans for bad credit as millions of business owners in the United States are hit hard by an economy that's still struggling to recover. Cash flow financing is a form of financing in which your loan is backed by your business's expected cash flows, unlike traditional asset-backed loans, in which your loan is backed by your assets.

Repayments for these loans are based on your projected future cash flow to make the loan more flexible, and these bad credit business loans are not based in any way on your personal credit, which makes it easier to qualify.

Option 2: Merchant Cash Advances

A similar option for cash-strapped small businesses is something known as a merchant cash advance. These bad credit business loans are an option if you already accept credit and debit card payments at your business by obtaining funding that leverages your future credit sales. Merchant cash advances are flexible small business loans that may be used to expand, renovate, advertise, upgrade equipment and much more.

Business cash advances can give you anywhere from $4,000 to $2 million in less than a week, depending on your credit. If you have bad credit, you'll probably only qualify for a maximum loan of $25,000 and you'll need a minimum of six months in business. If your credit is average, you'll need to be in business for nine months but you'll get more flexible repayment options and a higher loan. Business owners with excellent credit will need at least two years in business but they'll benefit from extended repayment options, much lower pricing and an even higher loan amount.

These two options combined are excellent for business owners struggling to maintain and grow their business, lending much-needed money regardless of credit problems. While banks require excellent credit for business loans, other direct lenders understand that your personal credit does not reflect your ability to run a successful business, and there may be many legitimate reasons for you to have poor credit. Both of these options will let you get the money you need, assuming your business is fairly established with positive cash flow and credit payments.