A payday loan can be a lifesaver when you are faced with certain financial difficulties that are not expected. It is a short-term solution when you are in a financial crunch that requires urgent attention. However, if you are faced with a problem that will be long-term before you can repay the money needed to fix the problem, then you might have to consider some other options.
Payday Loan Tips
There are a few things that can help you get a payday loan and also utilize it well so that you don’t compound your financial woes. Some of these tips are as follows;
Search around: we have a whole lot of payday loan companies around and you need to be sure that you are dealing with the right ones. There are some out there to scam people or exploit people’s ignorance. Hence, it is important that you search round to make sure you are dealing with a lender that is reliable, dependable, licensed, and will also offer you something not too expensive at the same time.
Don’t borrow too much: avoid borrowing more than you can pay back as fast as possible. If you borrow a sum that is too large, it may affect your other expenses and you will struggle to repay the loan. So, make sure you borrow a reasonable amount.
You can open an emergency savings account that can help you cover unexpected or unplanned financial responsibilities. You can ask your employer if they offer direct deposit if they do, then you can ask your employer to always help you save 5% of your paycheck into a savings account. This will enable you to have something to cater for emergencies when the need arises.
In addition to your payday loan, you can also take out a small loan from other institutions such as credit unions, online lenders, and banks. However, make sure you are getting something small that will still allow you to cater for your other monthly primary needs.
Try to set out a low-interest credit card to help you attend to emergency needs. This is because, in some states like Wisconsin where there are no laws controlling payday lending, the interest rate on payday loans can be very high.
Have a chat with your credit card company to discuss options available to lower your monthly payments and/or APR.
Apply to get a credit card cash advance. The rates here are high and you have to be careful. If you have money charged to a card already, your payments are usually credited to the debt with a lower interest rate and this will cause your high rate debt to balloon in the process.
Apply with a bank to get an unsecured loan with low interest. This type of loan depends on your credit score and will not need you to provide collateral. Although, it may be more difficult to get this type of loan than it is to get a payday loan. The rates for this type of loan are much lower than the rates on payday loans.
Try to get renegotiate your loan terms to see if you can get a more favorable payment plan or an extension if you are struggling with your finances. Most utility companies can also be of help as some of them offer different billing plans that can help you pay your bills easily without having to go into debt.
Request to have overdraft protection if you have a checking account. If you depend on your paycheck and you have payday loans you are servicing, you might turn out to incur overdraft fees if you have unexpected bills that alter your budgets in the course of the month.
Online Title Loans from TFC
You can get a car title loan from TFC by applying online. TFC Title Loans is a loan company with a high reputation and antecedents that have seen us stand out over the years.
Title loans near me are a type of secured loan and as such our borrowers are required to use their car as collateral when they apply for our loans. When you apply to get the loan, you will only need a few documents that are readily available. You will need the title of your car in your name, proof of residence, an ID, and car insurance among others.
Why choose TFC Title Loans
We do not charge prepayment penalties.
You can apply online without leaving the comfort of your home or office.
We offer low and affordable rates.
No hidden charges.
It is easy, safe, and secured to apply on our website.
We will not keep you waiting to know whether you qualify or not. We will get back to you almost immediately.
There are no credit checks when you apply to get a car title loan from us.
DISCLAIMER: As our policy to make sure you know what we do and what are our limitations, we offer you these disclaimers. We are NOT A LENDER and we do not make short term cash loans or credit decisions. We are a referral service and work only with licensed lenders/brokers.
We may act as the broker for the loan and may not be the direct lender. Loan proceeds are intended primarily for personal, family and household purposes. We do not offer or service student loans.
*Loan amounts by the lenders vary based on your vehicle and your ability to repay the loan.
*Since we do not lend money directly we cannot offer you a solicitation for a loan, except in the state of California. In all other serviced states we WILL match you with a lender based on the information you provide on this website. We will not charge you for this service and our service is not available in all states. States that are serviced by this Web Site may change from time to time and without notice. Personal Unsecured Loans and Auto Title Loans are not available in all states and all areas.
*Auto Title Loan companies typically do not have pre-payment penalties, but we cannot guarantee that every lender meets this standard. Small Business Loans typically do have pre-payment penalties and occasionally will use your car as collateral to secure the loan.
*All lenders are responsible for their own interest rates and payment terms. TFC Title Loans has no control over these rates or payments. Use of the work competitive or reasonable does not mean affordable and borrowers should use their own discretion when working directly with the lender.
*The amount of people who applied for a loan and we helped and those who received a loan is not the same. We cannot guarantee we will find a lender who will fund you.Just because you give us information on this web site, in no way do we guarantee you will be approved for a car title loan or any other type of loan. Not all lenders can provide loan amounts you may see on this web site because loan amounts are limited by state law and/or the lender. Some lenders may require you to use a GPS locator device on your car, active all the time. They may or may not pay for this or charge you for this. This is up to the lender and we have no control over this policy of the lender. Typically larger loans or higher risk loans use a GPS.
*In some circumstances faxing may be required. Use of your cell phone to receive updates is optional.
*Car Title Loans are expensive and you may have other ways to get funding that is less expensive. These types of loans are meant to provide you with short term financing to solve immediate cash needs and should not be considered a long term solution. Residents of some states may not be eligible for a loan. Rejections for loans are not disclosed to our firm and you may want to contact the lender directly.
*Car Title Loan lenders are usually licensed by the State in which you reside. You should consult directly with these regulatory agencies to make sure your lender is licensed and in compliance. These agencies are there to protect you and we advise making sure any lender you receive money from is fully licensed.
*Trading Financial Credit, LLC dba TFC Title Loans, Car Title Loans California, Dineromax. If you are using a screen reader and are having problems using this website, please give us a call at 1-844-242-3543 for immediate assistance.