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Need a Loan Fast? Consider a Car Title Loan

1649ff72d3cd4bd585048a0dce14cc25If you need cash in a hurry and do not want to go through the hassle of applying for a bank loan, you should consider a car title loan. These short-term loans are designed to provide the borrower with a quick cash infusion, which is then repaid with interest over a predetermined period of time. According to data from the Federal Deposit Insurance Corporation, over 1.1 million households in the United States used car title loans in 2013.

The reasons why people choose to take out a car title loan vary widely. Some people need the additional money to handle an unexpected expense, such as a necessary repair to their home or their car. Other people use the loans to bridge the gap between when their funds are low and the next time they get paid.

Many people choose to obtain a car title loan to get cash when their financial options are limited. These loans often have no credit check involved, meaning that anyone with a suitable car will qualify for a loan. Online car title loan companies, such as usacartitleloans.com, provide loan applications that can be completed in as little as a few minutes and loan decisions are rendered quickly.

To obtain a car title loan from one of these companies, you will need to have a vehicle with a clean title. The title of the car is turned over to the car title loan company as collateral for the cash you are asking for. The company holds on to the car title as you repay the loan amount and interest in installment payments. Once the loan has been paid in full, the car title is returned to the owner and the account is closed.

Car title loans can have terms as long as two years or as short as a month. The amount of time that you have to pay back the loan may depend on where the loan was acquired. For example, in the city of Austin, Texas such short-term loans must have terms no longer than three months.

The loan amount is capped at a percentage of the car’s’ estimated resale value, so you can get higher loan amounts for newer vehicles in excellent condition. If the loan payments are not made in a timely manner, the loan company has the option to repossess the car in lieu of payment. However, borrowers that get into financial trouble generally have the option of working with the lender to come up with a plan to avoid default.

4 Things You Should Always Do on Vacation

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It’s July 4th weekend and that means people all across the country are getting ready to kick off summer with this extra special long weekend.  We’re grabbing our bathing suits, spraying on suntan lotion and packing our bags.  It’s time to lock our doors, shut off our phones and take a summer vacation for July 4th.

Whenever I go on vacation whether it’s for an extra long weekend, a road trip or a getaway for a couple of weeks there are always a few things I like to do.  I’m a planner and I always will be.  I usually don’t do anything without planning ahead and that includes going on vacation.

If you’re headed out of town this weekend or you’re staying in here a few ideas to keep you busy over July 4th long weekend.

Try something new

If you’re adventurous you may want to ride down a zip line or jump off a platform with a bungee cord, but trying something new doesn’t need to be this extreme.  It can be as simple as trying a new restaurant, visiting a new neighborhood or stepping out of your comfort zone.

As Gillian Michaels says “Get comfortable being uncomfortable.”  It may be scary at first thought, but it will most likely be a once in a lifetime experience.

Read a good book.

There is nothing more relaxing than getting lost in a good book.  Actually I guess that depends on the type of books you like to read.  I balled my eyes out while reading A Tree Grows in Brooklyn and the one liners in White Girl Problems by Babe Walker had me laughing so hard I cried.

All this to say a little time out at the beach, in bed or poolside with a good book is a great way to spend a long weekend.

Visit a tourist landmark

Even if you stay home during the long weekend, go out and play tourist for the day.  I recently did this in my city and it was a lot of fun.  I spent the day outside walking around hitting up famous landmarks.

I didn’t spend any money sightseeing so the entire day cost me nothing more than an ice cream cone.  It gave me a reason to spend the day outside without wandering aimlessly.

Splurge on something

Just once spend money on something you normally wouldn’t.  I truly believe in spending money on experiences and what better time to do that than when you’re on vacation.  If you’re in Texas go and see a football game, if you’re in New York go and see a Broadway play and if you’re in California go to Venice Beach.

Thanks to spending a little bit on myself once in a while I’ve got to experience some pretty cool things like boating through the bayou in New Orleans and riding the roller coaster at New York New York Hotel in Las Vegas.  This are two things I will never forget.

Happy July 4th!

Photo from I’d Pin That

 

3 reasons you’re broke

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Good morning Loves.  Have you ever taken $20 out of the ATM in the morning and at the end of the day had zero cash left in your wallet?  Maybe you constantly find yourself asking where did my money go?  Have you ever just got paid and three days later logged in to your online banking to find next to no money in your account?  I know I have, or at least I used to.

When I was having money troubles I just couldn’t understand why I was broke all time.  I would get paid and couldn’t afford to pay both my rent and my cable bill.  It was weird because I was working full time at a bank making good money, but it just wasn’t enough.  Or at least I thought it wasn’t.

You live beyond your means

This was the major reason why I ended up in tens of thousands of dollars of debt.  I bought things I thought I should have – like a brand new car and I did things because other’s were doing them – like eating at the newest, trendiest restaurants – and I did them all on credit because I couldn’t actually afford to do any of it.  Bad habits.

It took me a long time to realize that expensive meals, extravagant vacations and lots of clothes don’t make me happy. I learned to stop spending on things that don’t matter and start saving for the things that do like retirement.

Paying all your bills at once

I was always taught never to have late bills so when I got my credit card, hydro and cable bills in the mail each month I would immediately pay them in full.  Big mistake.

Since monthly bills usually all come at the same time – at the end of the month this left me with a ton of expenses to pay and very little money to do it with.  I would use my entire pay check to pay bills and then leave myself nothing to live.  So of course I ended up using my credit cards to live until my next paycheck.  Terrible cycle.

Now I split the total of my monthly bills in half and pay each portion over two paychecks.  My bills are still paid on time but I’m not shelling out large chunks of cash each month.  It’s perfect.

Spending on wants not needs

This is one of the worst things you can do for your money.  Spending on things you want but don’t need is O.K. sometimes.  It’s O.K. when you have a little extra money to spend, it’s O.K. if all your other bills are paid and it’s O.K. if you give yourself a spending limit like $40.

Spending on wants is not O.K. if you’re going to use your credit card to do so, if the item won’t actually make you happy and if you’re only doing it just to spend money.

I’m glad that I no longer make these money mistakes because my finances are better for it.

Photo from Pixabay

Why I’ll never use Air BnB

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As you know I love to travel.  I like to get away whenever I can whether it’s a weekend getaway or a week’s long vacation. However I have yet to jump on the Air BnB band wagon.  It’s actually kind of strange because I love a good deal and that’s why I’m able to travel often…because I do it on the cheap.  But for some reason I just can’t bring myself to book a room with Air BnB.

Why I love Air BnB

Don’t get me wrong I think it’s a great service.  It allows people to travel for a fraction of the cost of staying in a hotel.  It allows people who may not otherwise be able to afford to travel to take a vacation by renting someone else’s condo or home.

It also brings money to local economies and I love that. If someone needs to earn a little cash on the side they can rent out their living space or a part of their living space to help earn more income.

If people spend part of the year in warmer climates they can rent out their homes while they’re gone.  It keeps their home safe and sound because instead of sitting vacant for several months it can be rented.

3 reasons I’ll never use Air BnB

Although I think this renter’s haven is a great service, it’s just not for me and here’s why…

I like fresh towels

Air BnB is cheaper than renting a hotel room, but it’s also comes with a price.  When you’re staying in someone else’s home there is no maid service to pick up after you, no housekeeping to deliver fresh towels and no room service to bring warm meals.

One of the great things about staying in hotels is you can live like you’re not at home.  However when you’re renting someone else’s home you have to act like you’re staying in someone else’s space.

I like to take over a space

When I’m in someone else’s home whether I’m visiting, staying or renting I always need to be on my best behavior.  That’s not how I want to feel when I’m on vacation.  This is a main reason why I like to stay at hotels.  If you book on discount websites like Priceline or Hot Wire you can find cheap hotel rooms – cheaper than booking directly with the hotel chains.

When I’m in a hotel I can leave my belongings all around and I don’t know if I would feel comfortable doing that in someone else’s home.

Hotels are safe

The thought of someone else having keys to the place where I’m staying freaks me out.  I like the sense of security that comes with staying in a big hotel where there are lots of doormen, staff and other guests around at all times.

Photo from Pixabay