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Title loans positive or negative experience
#11
I have a very positive opinion on title loans, if you are in need of some money for whatever reason.
Most title loans can be acquired fairly use in under 20 minutes for less than a 100 dollars.
Compared to other financial institutions where they will not loan under about 1000 dollars to someone without any credit.
They think it is not profitable.
The best part is that you dont need absolutely anything to get that loan except a car.
And these days almost everyone has at least 1 car.
So, yeah, everyone has different opinions of course, but my opinion on title loans are positive and good.
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#12
Title loan might be either a decent or terrible choice relying upon the limit of the indebted person. Before going into a title advance, one must guarantee he might reimburse it in light of the fact that there is a security. Actually, I think title advances are a decent alternative, particularly in the event that you are truly needing money. It can furnish you with the cash quicker than alternate kinds of advance understandings. Then again, on the off chance that you can't reimburse it, your auto or land would be in danger. That is the reason it can be either a decent or an awful alternative for me.
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#13
(01-08-2018, 08:51 AM)carolinasky Wrote: All comments are great and I completely agree that you would not get a large loan amount from your car title unless you just paid off a brand new 2018 vehicle, and need a loan. I really doubt that someone would go that direction to obtain a loan who had paid off a brand new vehicle. I do feel that the payday loans are a great option for those who need it or can not obtain a loan from a bank or creditor. I think if you are going to choose to get a loan no matter where you obtain it just be prepared to make sure it is paid or you can pay it off properly. Budget, analyze, and be responsible so that you may improve and grow in your life.

If you have a 2018 car, you probably took a loan to buy the car which means the bank holds the title to the car. If you paid cash for your 2018 car, you probably don't need a title loan  Smile
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#14
Its positive if the reason for your loan is to fund a certain business. Title loans are just too risky, you can't depend on your monthly income all the time because you will never know what will happen in the future. Loans like this can cost you more if you did not take it seriously and responsibly.
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#15
As you stated in your thread, title loans are good if you have a stable income so you could pay your loans and you can claim back your title car. Title loans are good for quick cash they will grant your loans right away because they know that you have a collateral to show, fewer requirements and you can still use your car while the title it's being in the lender's hands. On the other hand, if you wouldn't be able to pay for your loans expect that your car will be repossessed by the lenders because it's in the agreement. Don't complain if your car will be lost because in the first place you agreed to the terms so before regretting anything ask yourself first if you're willing to give up your cars in exchange for loans if not then find other options on how to take loans.
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#16
(01-08-2018, 01:43 PM)David977 Wrote: I have a very positive opinion on title loans, if you are in need of some money for whatever reason.
Most title loans can be acquired fairly use in under 20 minutes for less than a 100 dollars.
Compared to other financial institutions where they will not loan under about 1000 dollars to someone without any credit.
They think it is not profitable.
The best part is that you dont need absolutely anything to get that loan except a car.
And these days almost everyone has at least 1 car.
So, yeah, everyone has different opinions of course, but my opinion on title loans are positive and good.

I can agree with you as well as you gave some excellent details about payday loans such as being able to get $100 in 20 minutes or less, but through a lender no way to get less than $1000 normally. Everyone has different happenings at that point in time who is to say what would be the best to meet their needs except them their selves. Just as in anything in life we should not make judgement on people due to what they must do because the circumstances. I think you are very right in your statement, well I agree anyways.
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#17
In my case, although I own my car outright..it is really worth very little so it would not be worth it for me to get a title loan. Also, my credit is not really the best so I am not sure that I would actually be elgible for this. It would be a stretch to think I could get one.
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#18
(01-07-2018, 07:33 AM)kaisantos2229 Wrote: I think it's a great option if you are planing to use the money to start a business. What make it advantageous is you can use it to loan huge amount of money. It's not bad to borrow money if you use the money on a right way and you must be sure that you pay what you owe so that you don't get caught up on a depth crisis

Debt when used in uncertain circumstances opens up risk. Debt when used in flipping situations makes much more sense, but there are certainly creative ways to finance and work with debt as a mechanism for investment.
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