In as much as car title loan companies really want your money, they are not that greedy and actually want you to be financially stable and independent. Thus, some do not only extend loans to their borrowers but also offer financial advices on how to manage their finances. They will explain to you that there are other alternative means of securing cash for emergency purposes.
Credit Cards
Some people do not use the cash advance features of their credit card due to fear of paying additional interest or maxing up their cards, making them unable to not use it when they need to shop for personal items. The strategy here is to ask your card company if your credit limit can be extended. Do not wait for the time that they will take the initiative on increasing your maximum credit amount.
Use Your Employment Privilege
Review your employee manual. You might find that the company has provisions for different kind of loans. Some borrowers are surprised to find out that not only do their employers extend emergency loans; they also provide health privileges and educational assistance. Remember that different companies have different terms; some offer interest free loans, some give extended payment loan with minimum interest, and some can provide long term loans with reasonable interest rates. Don"t you think it"s time to use your employee privilege?
Request for Payment Extensions
Not all the time are borrowers securing extra cash due to emergency purposes but very often, it is all about monthly utility expenses and bills. Some borrowers forgot that rent is due because they think that payment is at the end of the month instead of every 22nd day of the month. Some borrowers also do not read their bills and see when it is actually due and always assume that a month means 30 days and not on the billing computation of the utility companies. Lastly, they also did not read the fact that the bill also has stipulations that users have several days to comply before they disconnect the service. Regardless, it is not a huge embarrassment when one wants to request for a grace period to pay monthly bills.
Pawning Other Valuables
You might have a college ring, jewellery, or other valuables that are worth several hundreds. The beauty with pawning is that pawnshops can give longer terms and have a renewal factor; some even extend 7 renewals before they forfeit the pawned items.
The Usual Family and Friends
Unless you have a history of non-payment of cash favors given to you before, there is no reason why family, relatives, and friends cannot help you. Some people borrow from several persons at small amounts so that their friends can easily extend personal loans to them. And often, family and friends are willing to help, provided that it is only a small amount and you pay it; but do not do so very often.
So before applying for a car title loan, ask yourselves first if you can try these alternatives to quick cash loans.
Credit Cards
Some people do not use the cash advance features of their credit card due to fear of paying additional interest or maxing up their cards, making them unable to not use it when they need to shop for personal items. The strategy here is to ask your card company if your credit limit can be extended. Do not wait for the time that they will take the initiative on increasing your maximum credit amount.
Use Your Employment Privilege
Review your employee manual. You might find that the company has provisions for different kind of loans. Some borrowers are surprised to find out that not only do their employers extend emergency loans; they also provide health privileges and educational assistance. Remember that different companies have different terms; some offer interest free loans, some give extended payment loan with minimum interest, and some can provide long term loans with reasonable interest rates. Don"t you think it"s time to use your employee privilege?
Request for Payment Extensions
Not all the time are borrowers securing extra cash due to emergency purposes but very often, it is all about monthly utility expenses and bills. Some borrowers forgot that rent is due because they think that payment is at the end of the month instead of every 22nd day of the month. Some borrowers also do not read their bills and see when it is actually due and always assume that a month means 30 days and not on the billing computation of the utility companies. Lastly, they also did not read the fact that the bill also has stipulations that users have several days to comply before they disconnect the service. Regardless, it is not a huge embarrassment when one wants to request for a grace period to pay monthly bills.
Pawning Other Valuables
You might have a college ring, jewellery, or other valuables that are worth several hundreds. The beauty with pawning is that pawnshops can give longer terms and have a renewal factor; some even extend 7 renewals before they forfeit the pawned items.
The Usual Family and Friends
Unless you have a history of non-payment of cash favors given to you before, there is no reason why family, relatives, and friends cannot help you. Some people borrow from several persons at small amounts so that their friends can easily extend personal loans to them. And often, family and friends are willing to help, provided that it is only a small amount and you pay it; but do not do so very often.
So before applying for a car title loan, ask yourselves first if you can try these alternatives to quick cash loans.
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