How to Choose Your Best Car Title Loan Service| Complete Guide

How to Choose Your Best Car Title Loan Service – Complete Guide

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How to Choose Your Best Car Title Loan Service – Complete Guide

‘Debt!!? ‘Oh Gosh! No!’ – A few of the first thoughts we contemplate when it comes to taking on debt for any reason is usually where can I get the quick cash and how much is it going to cost me.  Most think it’s usually because there’s some kind of emergency, but the following survey tells us another story.

What is a Car Title Loan?

One of the fastest ways to generate quick cash might just be an auto title loan? On top of your monthly bills and other daily expenditures, most would prefer not to take on extra debt, especially with today’s varying economy that tends to crimp our lifestyle. However, what happens if you have a medical emergency, you lose your job, you need to purchase inventory or incur expense for a family event? These unexpected occurrences can and do come up, which can leave you short of funds, making it necessary for you to borrow cash from a formal lending company. Nevertheless, have you even thought of how easy it is to obtain a quick cash loan? Probably not, since even the idea of DEBT is something that most of us are so afraid of. So why not enlighten yourself to the brighter side of this quick cash avenue through this simple and straightforward how-to article.

Even though there are many different types of loans to choose from, stats tell us many borrowers who seek to obtain quick cash funding usually opt for car title loans, because it’s so easy? Maybe. For people suffering from bad credit during the ongoing financial crisis, auto title loans are a popular option to acquire quick cash funding within 24 hours of filling out an application. If you’re considering the idea of getting a auto title loan, consider these helpful tips before choosing your lender.

Survey Says

In one survey, conducted by Pew Charitable Trusts, 313 auto title loan borrowers were interviewed. Each respondent was asked a series of questions including “Thinking back now to the first time you took out an auto title loan, what specifically did you need the money for? To pay rent or a mortgage; to pay for food and groceries; to pay a regular expense, such as utilities, car payment, credit card bill, or prescription drugs; to pay an unexpected expense, such as a car repair or emergency medical expense; to pay for something special, such as a vacation, entertainment, or gifts? (Do not read) Other (specify).” According to the results, 94% of the borrowers reported they did not use title loans for business expenses, but rather for family or other personal expenses. Half of the borrowers interviewed used title loans to pay regular bills such as utility and rent payments, while only 1 in 4 used them for unexpected emergencies.

The Pew Charitable Trust

Solving the Loan Problem

Many people believe higher interest rates are associated with applying for an auto title loan, it depends who your lender is, what the value of the car or truck is, what the borrower’s credit rating is. However, the good news is, the more competition that exists in the title lending industry, the lower the interest rates will continue to be for the borrower.

Read and Review Loan Terms Thoroughly

Since not all title loan lenders are the same in regards to credit terms and conditions, be sure to do your research and to shop around for the best offer. Auto title loan lenders must disclose to the borrower everything about his or her Annual Percentage Rate (APR), loan cost, fees, charges and all other information related to the loan amount under the Federal Truth in Lending Act. The APR is based on the lender’s monthly finance charge or interest rate, the term period of the loan, the total loan amount borrowed and the fee amount paid. Be sure to gather as much information as you can by comparing the terms and rates of various title loan companies to ensure that you make the best decision for your financial situation. Quick Cash Funding is a pioneer name in car title loan industry that has been proudly serving its customers with cash funding anywhere between $2600-$50,000 with easy processing and crystal clear loan terms for over 20 years. Once you opt for Quick Cash Funding, you are in the hands of a strong, responsible Auto Title lender who doesn’t mess around with loan terms, and it’s because ‘WE CARE FOR YOU’.

Watch Out for Hidden Charges and Fees

Lenders may try to tack on other charges and fees on top of their listed monthly finance charge or interest rate. These charges and fees may include, but are not limited to, document fees, loan orientation, inspection, lien fees, processing fees, convenient fees, late fees and title charges.

Learn What Other Customers Have to Say

Consider taking the time to read several customer reviews and testimonies to learn about the experiences of other borrowers who used a company’s financial lending services. Many reputable lenders will include forums on their web page or publish testimonials from their customers. For example, learn about the experience of Josh from Los Angeles, CA with Quick Cash Funding:

I really needed some cash. I thought it was going to be difficult and complicated. So I went in not knowing what the breakdown is for places like this and boom! Everything went really smooth and easy. Staff were very helpful, they explained to me all of the details I needed to know about the loan. From monthly payments to interest rates. The staff were friendly and polite, knowing that it was my first time. I felt embarrassed but they were very welcoming and made me feel at ease. If you need to get a car title loan with a very helpful staff, this is the place!!

Doing the Math

Once you have done your research, gathered some ideas, and made a list of various car title loan services and rates of several Auto Loan companies, try using certain assessment tools like a loan payment calculator. Using a personal finance assessment calculator can help you calculate your total interest payment, interest rates, your monthly payment, the total months or years, and the total repayment, which is determined by the input values of the principal.

Additional Products and Services

If you are considering the idea of applying for a car title loan, be sure to understand all of the questions asked to you by the lender. The lender may try to ask you to purchase additional services such as a roadside assistance plan, which can increase the total amount value of your loan.

Top 10 Title Loan Services in San Diego

  1. Auto Title Loans San Diego
  2. Title Loans Express
  3. Quick Cash Funding LLC
  4. Qik Title Loans San Diego
  5. Cheetah Car Title Loans San Diego
  6. Prime Title Loans San Diego
  7. TitleMax Title Loans
  8. Best Title Loans San Diego
  9. Big Car Title Loan San Diego
  10. Trading Financial Credit LLC

Consider the Importance of Reputation and Experience

When researching various financial lending companies, look for businesses that have dealt with car title loans for many years and who have developed a strong reputation. For example, Quick Cash Funding offers fast and trustworthy car title loan services in San Diego, Los Angeles, Monterey Park, Gardena, Orange County, San Jose, Anaheim, and Westminster. For over sixteen years, Quick Cash Funding has worked hard to build a positive reputation for helping clients gain access to quality title loan services at low-interest rates and fast access to funding while earning many repeat customers.

Why Wait?

Customers applying for title loans in San Diego or one of the many offices in California, will find the process quick and easy at Quick Cash Funding. With just the simple process of bringing in the car title to a Quick Cash Funding office, customers can be approved for an auto title loan in as little as 30 minutes. Quick Cash Funding offers car title loans from San Jose to San Diego and most cities in-between. Our secured auto title loans are the best option for your immediate financial needs. Call for details on our toll-free number at 1-866-843-CASH (2274) or to learn more about car title loans and other services offered through Quick Cash Funding, visit www.quickcashfundingllc.com. Apply for a quick cash loan now and meet all your financial needs in just the blink of an eye. Act now for peace of mind.

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