Make it to the Next Payday with a Payday Loan
We’ve all had it happen: payday hits, so we pay our bills, buy some groceries, fill up the gas tank, and maybe splurge on a dinner out or a late-night flick with a friend. Then, less than a week later, something urgent comes up: the dog ate a bag of chocolate and needs emergency vet care; the car’s battery died; the furnace broke, etc. Since you’re between paydays, you’re also between paychecks, and if you’re like many, you have maybe twenty bucks in your account. What do you do? Well, if family and friends are unable to help, consider a title loan. Title loans, which you can visit 800loanmart.com for more information and explanations, are simply short-term loans that use your vehicle’s title as collateral.
How does it work? Well, a title loan provider will determine the value of your vehicle (typically with the KBB as a guideline), and use that value to determine the maximum loan amount to approve you for. Typical loan amounts will range between $200 and $1000, though sometimes more, depending on where you live and what local lenders offer. In any event, so long as you have a free and clear car title, and can re-pay the loan in a short period of time (typically by your next payday, though many lenders offer installment plans for re-payment), you hand over your vehicle’s title to the lender, and they hand you the money they’re loaning you.
While a title loan isn’t for everyone, it is an ideal solution if you have an urgent need for funds for a short-term basis, and can re-pay the loan — plus interest and any applicable fees — in a reasonable amount of time.