September 24, 2019
What are the Benefits of a Car title Loan in Alabama?
Why are you hearing about so many people choosing to take out a car title loan in Alabama? Title loans have made it easier for everyone to borrow a larger amount of cash faster and at a lower interest rate than ever before. The list of benefits goes on and on.
There’s No Credit Check
A car title loan typically does not require a credit check. The lender does not need to know about your previous financial status as the loan is backed by the value of your vehicle. This is particularly useful for those who have credit issues in the past, but it also makes getting a car title loan easier for everyone.
Every time a company performs a credit check on you at your request, your credit rating temporarily drops. The idea behind this is that someone looking for credit must be in a financially unsound situation, particularly if they’ve made multiple requests for credit in a short period of time.
As car title loan companies usually don’t require a credit check to be performed, your credit rating will not be negatively affected when you apply for the loan.
Use Your Loan Any Way You Choose
Lots of loans come with conditions on what you spend them on. Home improvement loans, car purchase loans, and mortgages are all types of loan that restrict what you spend the borrowed money on so that there’s less risk for the lender.
This doesn’t help when you have a pressing need for cash for another reason. Car title loans do not restrict what you spend the borrowed money on. The most common uses for a short-term car title loan is to cover expenses when an expected paycheck is late, for car maintenance, for payment of one’s mortgage or rent, or to pay for high utility bills or medical bills.
You Can Still Use Your Car
Compared to other short-term loan options, car title loans are also more convenient. You can still use your car when you have a car title loan taken out on it. You can still use it for daily chores, getting to and from work, and everything else your family needs. Other short-term loan options often require you to leave the security item with the lender, but not so with a car title loan in Alabama.
You Can Borrow More
Loans range in size from $150 up to $5,000. This is more than you’ll be able to borrow through a payday loan or similar short-term loan that depends on your income alone.
The value of your vehicle is the predominant deciding factor in how much you can borrow, but proof of your ability to repay a loan in the form of salary statements or similar proof of income also dictates how much you can borrow.
You Can Get Lower Interest Rates
Title loans often get mislabeled as high-interest loans, but in fact, they’re usually available at lower interest rates than other options available to you. Take the case of a cash advance — the lender has very little protection against losing all of the money they’ve lent you. To compensate, they have to charge higher interest rates to cover the cost of the occasional loans that go bad.
With a car title loan in Florence, Alabama, the lender has a ‘lien’ on the car. Put bluntly, this means that if a customer doesn’t repay the loan then the company has a right to seize the car as repayment. This is obviously fair, as they’ve lent the customer the money in good faith. This rarely happens, though, as financial service companies are in the business of making loans not selling cars, so they do their best to make the loan repayable for the customer even when the customer is struggling.
As there’s less risk to the lender, there’s less need to add on interest as a loan delinquency contingency. Paired with the competitive market, this has driven down the interest rates offered by car title loan providers in Alabama.
Convenient Repayment Schemes
Car title loan providers have been ‘disrupting’ the industry since their inception, and this includes offering a wider range of ways for you to make repayments to your loan. Typically, you can make payments over the phone, have payments automatically deducted from your bank account monthly, use internet banking, make payments in person, through the company website, or set up a standing order.
If you think you may have issues making a repayment, you can talk to the lender. Car title loan providers are typically small businesses that work hard to make lending through them as easy, convenient, and versatile as possible. It’s another reason why choosing a car title loan usually makes more sense than trying to rely on an Alabama banking institution.
Say Goodbye to Stress
We know there’s a good reason that you’re seeking out a fast cash loan on a short-term basis. Everyone has times where there’s an unexpected bill that comes through the letterbox that needs to be paid now while you’re struggling to make things meet. Why continue to try and juggle all of these small items that are eating away at your monthly income?
Taking all of these small credits and loans and paying them all off with one convenient loan makes your life much easier while saving you money. Take the time to calculate how much you could save in monthly interest charges on your credit cards, bills, school fees, and loans if you pay them off all with a single, convenient car title loan. When you’ve paid off the car title loan, your car title is returned to you and you’re free from all of the burdens you’ve been under.
Do your homework; check the different options available to you from an Alabama car title loan provider. If it makes financial sense, then take out a car title loan to start using the equity you’ve stored in your vehicle to improve your life.Read more
September 10, 2019
5 Reasons to Get a Title Loan in Florence, Alabama
The explosive pace of people turning to title loans as an alternative to getting financing from a bank has been fueled by innovative companies disrupting the finance industry and finding new and better ways to satisfy the needs of the consumer. The dated finance products offered by banks and building societies no longer meet the needs of most Alabama citizens, who are often turned away for financing because they don’t meet stringent criteria or a set credit rating decided by an outdated model. Car title loan companies in Alabama offer much more flexible products to a wider range of consumers.
A car title loan simply leverages the value of your vehicle by using it as collateral for a loan. You keep your vehicle and make repayments to the loan that you can afford. You’re able to borrow a larger amount than you would be offered for a personal loan or salary loan because the collateral makes your loan less risky for all involved. This also means that the interest rate that you pay can be lower than the rates you’d pay for other alternative forms of lending.
Our Reasons To Get a Car Title Loan
1 — It’s Easier to Get a Title Loan
You have a car in your garage that’s worth money. It’s time to start putting that value to good use instead of just letting the vehicle depreciate. Select Title Loans can use this vehicle as collateral for your loan, so there’s no need to worry about outdated systems like credit rating agencies.
There’s a reason that the abolition of credit rating agencies has become one of the talking points of politicians for the upcoming election — the system is antiquated and discriminates against certain individuals who have the ability to repay a loan but are refused one.
Title loans tied to your vehicle are easy to get compared to getting a traditional loan from a bank. If you have a photo ID, a drivable vehicle without a current lien on it, that’s about all you need. We don’t perform credit checks and you can have the cash within 20 minutes. Try getting that from a bank!
2 — You Can Consolidate Your Existing Debts into One Payment
The average American has around $38,000 of debt, not including mortgage repayments to be made on their home. Some of these debts are long term and end up costing you double what you borrowed because of the accumulating interest. This is bad enough, but also problematic are loans you’ve taken out that you’re struggling to repay the minimum on.
Payday loans, short term loans, credit card bills, utility bills, etc. — these are all small forms of credit that will charge you a lot of you fail to meet the minimum repayments on time. To avoid this, you can take out a car title loan of up to $5,000 and pay all of these small loans off.
This way, you only have one loan to worry about and one repayment to make. The interest rate you’ll repay can be lower than you would repay on credit cards and payday loans, so besides it being easier to keep track of your debts it makes financial sense to consider consolidating all of these small repayments into one. You also avoid the potentially crippling cost of late payment charges on these other loans, something that can keep recurring until you’re in dire financial straits.
3 — You Avoid Incurring Additional Costs
People often come to us in Florence, Alabama because they have a pressing need for cash immediately. No-one can say they’ve never been in a situation where they needed money in an emergency. Got an unexpected medical bill? A leak in your home that needs fixing? Your car needs a new starter motor and you need to get to work each day? These are all relatable problems and we’ve all had to deal with something like this in our lives.
Without a title loan, these issues can’t be resolved in a timely fashion and you’ll see only see them getting worse. If you can’t afford to pay that medical bill promptly you might put off treatment, ultimately resulting in a more serious medical condition. You can’t pay to fix the leak, so the water damage gets worse and worse until you need to replace your ceiling or even your foundation. You can’t pay for the new starter motor so you’re resigned to use public transport to get to work, making you late for meetings and jeopardizing your future career.
Instead of putting off something that needs to be fixed now, use a title loan in Florence, Alabama to get the job done right now.
4 — You Can Continue to Use Your Car
Car title loans are similar to house mortgages in that the loan amount is secured against the item. You don’t have to ‘pawn’ your car; you can continue to use your car as you see fit and no-one will have any idea it has a lien on it. You can continue to use your vehicle for work, travel, shopping, and family trips. Once you’ve paid off your loan, the title is returned to you immediately.
5 — You’re in Charge of Your Loan
The title loans from Select Title Loans are 30-day renewable. This means that at the end of each 30 days you have the choice to pay off the loan in full or make a partial repayment. Many people like the ability to renew their loan as there’s never a point you’re forced to repay a huge amount. The loan can be used similarly to a rolling credit line so you’re always in charge of how much you repay and when.
If you have a vehicle in Alabama just sitting around doing nothing, consider a title loan to release the equity in the vehicle. Think of ways you could use some cash now rather than later and put your cash loan to good use.Read more
August 26, 2019
Understanding What Title Loans Are & Who They Can Help
It’s an unfortunate reality that there are always going to be unexpected expenses in life. That’s why Select Title Loans is here in Florence, Alabama to give you the helping hand you need.
It makes no difference how well you balance your checkbook or how closely you monitor your finances. Something is guaranteed to pop up that you just weren’t expecting. Normally you would have to turn to a friend or family member and beg for a handout. Nobody wants to do that...ever.
Use Your Vehicle as Collateral for a Loan
We are here to let you know that you no longer have to consider that option when you are in a tight spot and your air is running out. Now you have to look no further than your own garage. That’s right! If you have in your name, a vehicle with a lien-free title, then you can bring it along with a photo ID to Florence, Alabama and we can help you get the money you need to pay the things you desperately have to pay. We want nothing more than to offer you our services and ease your burden. We use your vehicle's title as collateral.
How Do Car Title Loans Work?
It sounds easy because that’s exactly what it is. With a title loan, you are able to use your vehicles lien-free title as collateral to get a quick loan with no lengthy credit checks, no endless amounts of paperwork and no hassle.
You bring in your vehicle with your ID and your lien-free title and fill out a little bit of paperwork while we perform an inspection on your vehicle. If everything is in order, and nine times out of ten it is, then we will secure your loan for you then and there that same day.
How Much Can I Borrow?
Our car title loans range from as little as one hundred and fifty dollars all the way up to and over five thousand dollars depending on when and how much you want to pay back.
Remember we are here to help you; you just have to tell us what you need. The monetary amount we are willing to award is based upon your vehicle's model and condition and how much you are able and willing to pay back.
Poor Credit Accepted
Remember, we accept people of all credit types and your credit score makes little difference to whether we’re able to lend to you. You could walk in and out of here in as little as fifteen minutes.
Not only do you now have the money to pay your bills but you also get to keep and drive your car back home. We do not hold the vehicle in any way you keep full autonomy of your vehicle, you just make payments to us so you are losing nothing.
With a title loan from Select Title Loans in Florence, Alabama you just make payments on the interest for the time specified in the deal we cut for you. After you have paid off the loan, we return the title to you along with our thanks!
How to Get a Car Title Loan in Alabama
Here we will go over the exact process of getting a title loan in Florence, Alabama just to show you how easy it really is.
- Come down to see us in Florence, Alabama, bringing your car, your photo ID, and most importantly your lien-free title. (A lien refers to a claim that any other institution such as a bank or car dealership has on your vehicle. As long as your vehicle is completely paid off and you have no other title loans then you are good to go.)
- Fill out the simple application while we inspect and evaluate your vehicle. The application will help us determine your monetary needs as well as your ability to pay the loan back and when. Every term, condition, and requirement will be plainly explained and disclosed to you so there are absolutely no hidden fees or nasty surprises waiting for you at the end. Finally, when we are both happy with the terms we will ask you to sign.
- Same day approval! If everything is settled then you can leave with the cash you need in as little as 15 minutes.
Getting a loan secured by your vehicles lien-free title has never been this easy or painless before. We are dedicated and committed to helping you out of the tough spots that life throws at us all.
We assure you the entire process is done discreetly and with complete confidentiality. We take our customers confidentiality very seriously and we promise to never disclose or especially sell your information to a third party.
We help our customers through thick and thin and even if you don’t have insurance or the car is damaged we will do our very best to serve you. As long as the car is driveable, that is, if you can drive it onto our lot, then we will inspect and evaluate it to try to work with you. All that matters is that the title is in your name and that you have a matching ID.
If you want to speed the process up even more than it already is then you can fill out the online title loan information sheet to get a jump start on it so you can walk out with your money even faster.
After you leave with your money we will have a renewable 30-day contract that we can review and alter every 30 days if need be. Our main asset is that we are flexible and willing to work with you in any situation you may be in.
We understand the need for immediate access to funds when you just don’t have it. That’s why we have been serving our wonderful clients since 1998 and we plan to continue serving you for many more years. Come down to Florence, Alabama and take a load off your mind when you walk out of here able to pay that debt that’s been haunting you.Read more
August 12, 2019
Get Your House Ready For Fall with a Car Title Loan
Fall is right around the corner and the leaves will soon be falling on the streets and yards of Alabama. If you are like millions of Americans who can’t afford a $400 expensive in the event of an emergency, there is no better way to get a head start on the cold season then with a short to-do list of important chores.
Things that are vital for homeowners include winterizing the pipes, storing equipment, and cleaning gutters. If you’re willing to do these yourself, then there’s little cost to them, otherwise you’re looking at the cost of a maintenance company. Other steps such as fixing your driveway, repairing your air conditioning units, or replacing safety items can cost money – money you might not have on hand at the moment.
If you are short on cash, a simple car title loan can be the answer for you. Select Title Loans will give you a car title loan because we know getting ready for fall takes money. With a prudent use of a loan, you’ll save money by fixing problems before they become a bigger issue that cost much, much more.
Here are ten of the most important items you’ll want to check off your getting ready for fall list.
1. Clean the Gutters
This is no one’s favorite thing to do so that’s why it’s listed first. The sooner you can clean the gutters the sooner you can check it off the list. Always be careful and use a safety ladder to reach the gutters. While you are up there, clean all debris such as leaves or dead animals so that water can properly drain.
2. Store Your Equipment
Equipment such as lawn mowers is not designed to be left out during rainy or snowy weather so it's best you store any lawn mowers, rototillers, weed whackers, or anything of the like inside a garage. If you live near Florence or Alabama, you know the weather can be unpredictably severe.
3. Garage/Cover Summer Vehicles
Just like the lawnmowers and small appliances you stored in the last step, it is equally important that your vehicles are not left exposed to the elements. If you have a particular car that you only drive during summer, be sure to park it in the garage for the fall and winter seasons. If a garage is not available, a tarp or two could also do the trick. This will help prevent sun damage and other complications when cars are left exposed to the elements.
4. Winterize Sprinklers and Faucets
It is important to drain the outdoor plumbing such as any faucets and sprinklers. This can be done quickly with an air compressor if you have one available but it is not necessary. The idea is that the more water you can get out of the pipes the better because when water freezes it expands. If there is too much water inside the pipes when they freeze, they can burst which will lead to a costly repair. Even just locating the burst pipe can be very expensive.
5. Maintenance HVAC/New Filter
First, check the filter of your HVAC system. The filter is responsible for catching all types of debris ranging from dust to allergens, small insects, and even germs. Buying a few filters while you’re at it could save you some future trips and keeping a clean HVAC filter is vital to the system’s performance because a clogged filter will put extra strain on the motor.
Another thing you can do is to do a visual inspection and be sure that nothing is blocking any of the vents. It is also worth doing a manual inspection of all of the windows and doors to be sure that they are properly sealed and nothing will leak.
6. Safety Check
This includes checking the batteries of all electronics such as smoke detectors as well as any light bulbs in the home. Be sure that your thermostat, carbon monoxide detectors, and smoke alarm batteries are all fresh and not beginning to corrode or this can cause permanent damage to the unit. It is also a good idea to have a stock of dried food and water bottles in the basement along with some extra blankets, flashlights, and anything that could help pass the time in the event a winter storm takes out the power.
7. Setup the Mudroom
Having a good mudroom is one of the best ways to keep a house clean during the fall and winter months. A shoe rack, a bench, an extra thick rug, and a shoe cleaning hedgehog are all excellent investments. That way when you come inside, you can have a place to sit down and remove your boots before tracking mud and snow through the house. A coat rack is also a great addition to a mudroom since your fall accessories such as scarves, hats, and gloves will need a place to hang.
8. Fill Cracks in Driveway
One way to stop a small crack from becoming even larger is to fill it before it starts getting cold again. Using a filler to repair cracks in driveways, walkways, and sidewalks so that water does not get in them, freeze, and expand. This will help expensive driveways and walkways last many more winters than they would without the extra help.
Use a Title Loan to Finance your Repairs
If you find yourself Googling for a “car title loan near me,” look no further. Select Title Loans proudly serves Florence, Alabama and the surrounding areas. If you come in now, you can enjoy our Summer Savings special and receive 0% interest for 30 days on any new title loans.
Select Title Loan prides itself in doing good business and supporting the local community when they need help the most. Simply bring in a drivable vehicle with a lien-free title, and a photo ID and you are ready to walk out with a title loan.Read more