Tag Archives: title loans

4 things you need to know about them

If you need cash fast, a title loan may be the answer. These loans are relatively easy to obtain, but there are a few things you need to know before applying. In this blog post, we’ll discuss four important things you need to know about title lending. We’ll also give you some tips on how to get the best deal ...

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Considering A Car Title Loans?

The Interest Rates In the majority of cases, the interest rates are quite extremely high. This will depend on the credit rating of yours and the amount of risk for the bank, however, this is one aspect to consider before applying for a loan similar to this. The higher the interest rate is, usually, a higher chance of being declined or not ...

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What to Know About Car Title Loans and How It Works

212Loan Get to know what a car title loan is and how it works. NEW YORK, NEW YORK, UNITED STATES, July 25, 2021 /EINPresswire.com/ – Need money fast to pay rent, bills or deal with emergencies? Then an auto title loan could be the answer to your money problems. A car title loan is a short term loan where the ...

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ChoiceCash Title Loans, served by LoanMart, expand to

ChoiceCash Securities Lending, Managed By LoanMart, Expands Into Minnesota VAN NUYS, Calif., July 22, 2021 (GLOBE NEWSWIRE) – As of July 2021, ChoiceCash Title Loans, operated by LoanMart, has extended its services to the state of Minnesota. Therefore, qualified residents looking for securities lending in Minnesota have the option of using the financing of a ChoiceCash title loan. In recent ...

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Title lending vs registration lending

If you need the cash right away and have a car, you might be wondering whether you should get a title loan or a car license. Both of these loans provide a way to get financing quickly by using certain aspects of your car to secure the loan, but there are some differences between the two options. Let’s dive deeper ...

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ChoiceCash Securities Lending, Managed by LoanMart, Expands in Nebraska, Arkansas and Montana

ChoiceCash Securities Lending, Managed by LoanMart, Expands in Nebraska, Arkansas and Montana / EIN News / – VAN NUYS, Calif., June 23, 2021 (GLOBE NEWSWIRE) – ChoiceCash Title Loans is proud to announce its expansion into Nebraska, Arkansas and Montana. Starting in 2021, qualified residents of these areas of the Midwestern and Western United States now have the option of ...

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ChoiceCash Securities Lending, served by LoanMart, is expanding into

VAN NUYS, Calif., May 27, 2021 (GLOBE NEWSWIRE) — Beginning in 2021, qualified residents of Virginia and Wisconsin have the ability to access ChoiceCash Securities Lending, powered by LoanMart. Previously, ChoiceCash title loans were available to qualified residents of California, District of Columbia, Florida, Indiana, Kansas, Kentucky, Michigan, Mississippi, Ohio, ‘Oklahoma, Oregon, South Dakota, Tennessee, Texas and Washington. Expanding the ...

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How To Find The Best Securities Loans Online

Sometimes life circumstances require you to assess your financial situation and you may decide to go for a title loan to cover an unforeseen expense. Although this type of loan comes with high interest rates and often requires you to comply in the short term, some people choose them because they do not take into account the applicant’s credit rating ...

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The Advantages and Disadvantages of Securities Lending Versus Registration Lending

LOS ANGELES, December 23, 2020 / PRNewswire / – When an emergency arises and you need cash quickly, using a vehicle as collateral for a loan can be a good solution. But if you are considering a title loan or a registration loan, it is essential to understand what defines these very different types of loans. Although both are related ...

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Research data suggests Canadians are turning to expensive car title loans during recession – National

If internet search trends are a window into the minds of consumers, a recent report suggests that a growing number of Canadians are considering unwise financial options, observers say. Amid a resurgence of pandemic-related interest in personal finance information, the number of searches involving auto title lending nearly tripled in Canada from March through September this year to 16,900 per ...

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Canadians show increased interest in high interest auto securities lending during recession

CALGARY – If internet search trends are a window in the minds of consumers, a recent report suggests that a growing number of Canadians are considering unwise financial options, observers say. Amid a resurgence of pandemic-related interest in personal finance information, the number of searches involving auto title lending nearly tripled in Canada from March through September this year to ...

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How to choose the best online business?

If you are someone stuck in the torrid middle looking for your way to solve your financial problems, then you need to put yourself in place to car title loan online is the best way to back up your savings account to set aside money for larger purchases. For extra income you can also find a second job to earn ...

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GSB offers car title loans in order to ensure that interest rates are low

The GSB logo on display at a Money Expo. The state-backed bank introduces auto title loans to put pressure on interest rates. (Photo by Patipat Janthong) Government Savings Bank (GSB) plans to enter the auto securities lending market with a focus on retail loans worth up to 200,000 baht per borrower. The bank’s penetration into the auto securities lending market ...

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GSB takes out car title loans to keep interest rates low

The GSB logo on display at a Money Expo. The state-backed bank introduces auto title loans to put pressure on interest rates. (Photo by Patipat Janthong) Government Savings Bank (GSB) plans to enter the auto securities lending market with a focus on retail loans worth up to 200,000 baht per borrower. The bank’s penetration into the auto securities lending market ...

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Are title pawns and title loans legal in Georgia?

Title loans have become very popular in recent years in the South. However, many people are unaware of the difference and the legalities behind securities lending and securities pawns. Some of you reading this might not have known they were different at all until this second – and that’s okay! We will tell you everything. The difference between securities loans ...

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How Do Car Title Loans Work?

All loans carry risk if they are not repaid on time. One particularly troubling consequence of a car title loan, however, is if you default on your payment obligations: the lender can take your vehicle. Before you consider getting a title loan, think about the potential potholes you will encounter if you use your vehicle as collateral to borrow money. ...

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How to choose a lender for car title loans

Are you looking for any type of loan or financing? You need to find the right lender in order to enjoy peace of mind and reassurance. You will find many different loan products and lenders these days. However, your situation will determine the types of loans you are eligible for, such as car title loans. If you have a low ...

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Why are title loans better financial options than traditional loans?

Whenever you have financial needs, you start tapping into the best financial solutions. The two main options you can make the most of are quick title loans or traditional car loans. It’s time to find out why people only opt for the first option. Traditional Car Loan Vs. Modern Car Title Loan You should clarify at this point that both ...

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The benefits of securities lending

When it comes to getting financing, there are all kinds of solutions these days you can turn to. From credit cards and personal loans from High Street lenders to loans secured by your home, you can find different solutions to meet a wide range of needs and circumstances. Another option available is a title loan, which is a form of ...

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Max Cash ™ Title Loans Analyzes the Challenges of the COVID-19 Effect on the Securities Lending Industry

TEMPE, Arizona., April 28, 2020 / PRNewswire / – Title Deed Lenders United States are currently suffering a decline of 69% and up to 90% in other parts of the country. Pawn shops are experiencing unprecedented growth as Americans attempt to sell property for cash. Due to this car title loan, lenders have adapted to everything online, but you will ...

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What you need to know about payday loans and auto title loans

If the coronavirus pandemic is causing you financial stress, you are not alone. Millions of Americans have lost all or part of their income because they cannot work. Government Economic Impact Payments can help, but some people may look for other ways to borrow money for a short period of time. They may consider options like a payday loan or ...

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Max Cash ™ Title Loans Work from Home program sees dramatic increase due to COVID-19

TEMPE, Arizona., April 14, 2020 / PRNewswire / – The Max Cash ™ work at home affiliate program has seen an increase of over 400% over the past month for individuals who have the opportunity to earn extra income remotely, giving them the opportunity to maintain financial stability while remaining in quarantine. . Thousands of employees who previously worked from ...

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Important Things To Know About San Francisco Car Title Loans

San Francisco is known to be a culturally wealthy and progressive city that has been highly acclaimed as one of the best financial centers in the United States today. Even though San Francisco is a beautiful city that boasts of fun and exhilarating destinations, it could be quite a stressful and demanding place for people living here who are increasingly ...

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Three Things You Need to Know about Car Title Loans

Car title loans were created for those who have a need for quick cash to pay off bills, handle an emergency, and manage debt. An auto title loan (also known as a “quick car loan”) is very easy to get. Unfortunately, fast and easy may not be a good idea. These loans can be costly and you could lose your car. Here are ...

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Why you should take a closer look at securities lending

At one point or another you might find yourself in a situation where you need the money right away. You might be caught off guard by an unexpected bill that needs to be paid now. If you have expenses that you need to cover, auto title loans are a great way to get money fast. Below, you will find some ...

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Auto title lending capped in Georgia Senate bill – news – the Augusta Chronicle

ATLANTA – The practice of pledging car title to make ends meet could become a bit more restrictive in Georgia under a bill with bipartisan backing. By using a vehicle as collateral, auto title loans quickly provide small amounts of money to cash-strapped borrowers without the need for a credit check. The loans, which can carry high triple-digit interest rates, ...

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Georgia senator seeks to cap interest rates on car title loans

A proposed bill in the Georgia Senate would cap the interest rate on car title loans and limit the amount lenders could collect in the event of default. Senate Bill 329 was introduced in late January by state senators Randy Robertson, Chuck Hufstetler, Zahra Karinshak, Ed Harbison and Sheikh Rahman. The bill is bipartisan as Robertson and Hufstetler are Republicans ...

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Payday loans and car titles need reform

By Rabbi Gary S. CreditorWhen my wife and I applied for our first credit card, I eagerly waited for it to arrive. When we applied for our first car loan, I had no doubts that we would be approved. When we applied for our mortgage, I was also certain, but amazed at the amount of paperwork involved and the amount ...

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Ballot initiative to ban securities lending runs out of money

Supporters of a bid to ask voters to ban securities lending have quit amid the inability to raise the funds they need to get it – and keep it – in November’s ballot. Rodd McLeod, campaign consultant for Arizonans for Fair Lending, said the federal courts’ refusal to strike down a petition signing law has increased costs beyond the point ...

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Arizona car title loans must be capped to save the poor

Opinion: As pastors, we care for the vulnerable. That’s why we support Arizona’s Fair Lending Act, which limits interest on title loans to 36%. Abigail Conley and Randy Reynolds | opinion contributors In this season, Christians observe Advent – awaiting the arrival of the One we believe has come to redeem the earth. It is a moment of joy, yes. ...

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How do car title loans work? Everything you need to know about securities lending

WN Lifestyle Home – Silver Tuesday, November 5, 2019, 10:52 a.m. CST Sponsored: Advertising content Emergencies happen at the most inopportune times. When you’re short on cash and have limited options for borrowing money, you’ll need to get creative. Owning your vehicle can earn you the money you need. Car title loans are often a last resort option for people ...

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Arizona Fair Lending Act would ban high-interest car title lending

How to protect yourself when buying a used car Buying used cars has always been a risk. Here’s what you need to know to protect yourself through the process. Nicole Schaub, The Republic | azcentral.com Signature collectors are beginning to roll out across Arizona in an effort to curb a type of high-interest lending in the state. About 20 community ...

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The Dangerous Truth About Bad Credit Auto Title Loans

If you have a free and clear car, but need cash fast, you might find yourself turning to a title loan. It could be the first step down a slippery slope – one you should avoid. Here we discuss how dangerous these loans are and why. How Securities Lending Works Auto title loans are a type of secured loan that ...

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Car title loans trap low-income families in debt

In December 2014, Paul Gillespie’s wife died of a heart attack. He buried her on a Tuesday. On Saturday, tougher news came: Her landlord called and said she was selling the building, and he and his two teenage daughters had to find a new place to live. Gillespie has moved. But the bad times follow one another: the following spring, ...

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Advantage Finance LLC Now Offers Extended Payment Plans for Auto Title Lending and Title Lending Buyouts in Houston and Area

Stuck in a 30 day title loan? visit our website https://www.cartitleloanshouston.com for a quick quote. HOUSTON (PRWEB) November 13, 2017 Advantage Finance, LLC, a full-service auto title loan finance company serving Houston and surrounding areas, recognized a need in the auto title loan industry: to provide consumers with an alternative to high-cost auto title loans. short term and interest ...

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Could Car Title Loans Ruin Your Finances?

One in five people aged 45 to 64 with an income of less than $50,000 used a vehicle for a short-term loan. And about a third of people age 65 and older have received car title loans. “The reason almost everyone gets these loans is normally to pay an immediate expense,” like a gas or electric bill or a credit ...

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What are car title loans? – Chronicles of Times Square

Once you’ve decided to get a car title loan, it’s extremely important to know what you’re getting into, otherwise loan services can unduly benefit you. It’s an amazing opportunity to get some quick cash when you own a vehicle with a good free and clear title. However, you need to be sure that if something gets worse and you are ...

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Lawmakers seek to end triple-digit interest on payday loans and car titles

By Charlene Crowell / NNPA Newswire A group of Washington lawmakers are joining forces and influence to legislate a crackdown on predatory lending nationwide. Seventeen U.S. House lawmakers and eight U.S. senators are backing companion bills that would cut the cost of payday loans and car titles from their typical 300% annual interest rate to no more than 36 % ...

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Why automatic title loans are a bad idea

If you’re strapped for cash and own your car freely, an auto title loan might seem like a great way to get some quick cash when you need it. But auto title loans are among the most expensive types of credit you can get, along with payday loans and pawnbrokers. All of these loans fall into the category of predatory ...

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Title Loans vs Payday Loans: What’s the Difference?

Title Loans vs. Payday Loans: An Overview Asking if title loans or payday loans are better is like asking which disease is better to get in the winter. Both loan products feature usurious interest rates, unfavorable terms and potentially aggressive collection tactics. A significant difference between a title loan and a payday loan is how you can borrow and the ...

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8 cheaper ways to raise cash than car title loans

Some people in need of emergency cash may rush to the nearest car title lender for a quick loan, but that’s far from the best option. A car title loan, also known as a “pink slip loan,” is a short-term loan that requires borrowers to offer their vehicle as collateral for outstanding debt. Interest rates on car title loans are ...

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Lawmakers push for interest rate caps on payday and securities loans | News

ALBUQUERQUE — Neon signs, some flashing neon, lure passers-by along historic Route 66 with promises of quick cash if they hit a dead end. Window dressings in malls, converted gas stations and other storefronts in New Mexico’s largest city signal to potential customers that they won’t have to “pay the maximum”. The payday loan and home deed industry says that ...

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TitleMax appeals judge’s decision to cancel and repay title loans

TitleMax has appealed a judge’s decision to cancel and repay approximately 6,140 title loans to Nevada customers. Thursday’s filing includes no new information, only a motion for judicial review in court for the 8th District. State law requires TitleMax to file a more detailed document within 40 days of written notice. From the time state examiners from the Division of ...

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Payday loans and auto title loans face tough new crackdown

Payday loans will be severely restricted under new rules proposed today by federal regulators. Primarily, the rules will require lenders to ensure consumers can afford to repay loans and will require lenders to report loans to a credit bureau-like entity to track the number of outstanding loans and the amount owed. . The rules proposed by the Consumer Financial Protection ...

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Are auto title loans predatory? A federal study raises concerns.

A report released Wednesday by the federal Consumer Financial Protection Bureau found high rates of vehicle repossession and long-lasting debt within the auto title lending industry. Auto title loans are meant to provide borrowers with short-term access to cash when they need it most. But the CFPB found that for many consumers, loans quickly snowball into long-term debt. The report ...

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One-time payment car title loans can cause long-term debt

Most borrowers who take out a one-time payment car title loan end up borrowing again because they can’t afford to make the payment when due, according to a new federal study. That’s why much of the auto title business comes from borrowers who end up taking out multiple loans in a row and staying in debt for months, the Consumer ...

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Auto title loans offer quick cash for holidays, but critics warn of rising debt – Reuters

Scott Sweetalla, an auto loan customer, had his car repossessed by a lender due to high interest rates. “The money you would get from these people is not worth what happens later,” he said. (Photo by Erica Lang/Cronkite News) Advertisements and online listings for auto title loans make them especially attractive during the holiday season when many families need extra ...

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A New Way to Tackle the Poor: Car Title Loans

The rusty 1994 Oldsmobile that sat in an alley just outside of St. Louis was an unlikely ATM. That was until the owner of the car, a 30-year-old hospital lab technician, saw a TV commercial describing how to get money from such a car, in the form of a short-term loan. Lab technician Caroline O’Connor, who needed about $1,000 to ...

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The problem with car title loans is NOT that people lose their cars | News

A stock lending store in Nashville, Tennessee (Joe Howell/Vanderbilt) According to three researchers led by Vanderbilt’s Paige Marta Skiba, the standard swipe at car title loans is a toothless claim that the deal leads to people losing their cars and then their jobs because they have no means. transportation to get to work. “Repossession affects few borrowers, and our evidence ...

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