Connect with us

Business

Why Choose a Car Title Loan Over a Traditional Bank Loan?

mm

Published

on

Learn More About Why You Should Choose a Car Title Loan Over a Traditional Bank Loan!

When dealing with a financial situation, you might look for different ways to collect money quickly. You could always sell items online or ask friends and family for help, but it might not be enough to cover your expenses. But during your search for financial relief, you consider a loan the best option to retrieve funding. The only problem is that not every loan benefits you; some loans can be difficult to qualify for, or they can hold excessive interest rates that can leave you in a cycle of debt! 

Suppose you consider auto title loans and traditional bank loans as the best financial options to consider. You may have heard that title loans are a better option if your credit is not up to par. In that case, you may wonder, “Why choose a car title loan over a traditional bank loan?” The answer is simple: unlike traditional bank loans, a title loan can help you easily access cash with comfortable repayment terms. However, there are other reasons why you should consider auto title loans over traditional bank loans. What exactly are they?

What are Some Reasons Why You Should Choose an Auto Title Loan Over a Traditional Bank Loan?

As you may have read, there are some reasons why you should choose a title loan over a traditional bank loan. Take a look at a few reasons why applying for a title loan is better than a traditional bank loan:

  • High Approval Rates: There are higher chances of you getting an auto title loan than you would with a traditional bank loan. Just make sure you use the title to your vehicle as collateral to obtain a title loan. In addition to that, if you have a car with enough equity and income to repay loans, you could easily qualify for funding through title loans. 
  • Credit Isn’t an Essential Factor: Your credit isn’t the main focus during the approval process for a title loan because you use your car’s title to secure funding. That is a great opportunity for people in need who may not have a good credit score to get money for an emergency. On the other hand, bank loans consider a borrower’s credit score into account, so you may not get cash through that loan type. 
  • You Can Get the Money You Need: Title loan borrowers can get their funding if they have enough equity in their car and can pay off loans. That is a relief to borrowers who need money on short notice.
  • A Simple and Flexible Application Process: Applying for a title loan can be easy when you use a vehicle title as collateral. However, obtaining funds can be simpler if your title lender can allow you to inquire online. Once you begin the inquiry process, you would just need to submit some documents, and you’re good to go! It’s that easy! If you qualify for some loan options, you could get your money as soon as the next business day.

Does a car title loan sound like the right option for you? It could be simple to obtain funding if you decide to get a title loan today! Talk to a title loan lender or provider if you have questions or concerns about car title loans.

Where Can I Apply for a Title Loan?

Now that you know some reasons why a car title loan is better than a traditional bank loan, it’s time to apply for one. You could go to a physical location and inquire about one, but depending on the lender, you can apply for a title loan online! Through that method, you could do every step of the title loan process without going anywhere! However, you may wonder about the best lender or provider to apply for. Although there are many options available, some might not benefit you. Yet, if you inquire about a title loan, you could get through a flexible approval process that could give you money in no time!

All you would need to do is follow these steps:

  1. Submit a Loan Inquiry Online or Over the Phone
  2. Send Your Required Documents to a Title Loan Agent
  3. Get Your Money!

Contact a title loan agent for more information.

But no matter which title lender or provider you choose, you could get money in no time! Compared to traditional bank loans, you could easily obtain emergency cash if you inquire about a title loan. Speak to a title lender today to get started on your loan!

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Turning Tragedy into Triumph Through Walking With Anthony

mm

Published

on

On the morning of February 6, 2010, Anthony Purcell took a moment to admire the churning surf before plunging into the waves off Miami Beach. Though he had made the dive numerous times before, that morning was destined to be different when he crashed into a hidden sandbar, sustaining bruises to his C5 and C6 vertebrae and breaking his neck.

“I was completely submerged and unable to rise to the surface,” Purcell recalls. “Fortunately, my cousin Bernie saw what was happening and came to my rescue. He saved my life, but things would never be the same after that dive.”

Like thousands of others who are confronted with a spinal cord injury (SCI), Purcell plunged headlong into long months of hopelessness and despair. Eventually, however, he learned to turn personal tragedy into triumph as he reached out to fellow SCI victims by launching Walking With Anthony.

Living with SCI: the first dark days

Initial rehabilitation for those with SCIs takes an average of three to six months, during which time they must relearn hundreds of fundamental skills and adjust to what feels like an entirely new body. Unfortunately, after 21 days, Purcell’s insurance stopped paying for this essential treatment, even though he had made only minimal improvement in such a short time.

“Insurance companies cover rehab costs for people with back injuries, but not for people with spinal cord injuries,” explains Purcell. “We were practically thrown to the curb. At that time, I was so immobile that I couldn’t even raise my arms to feed myself.”

Instead of giving up, Purcell’s mother chose to battle his SCI with long-term rehab. She enrolled Purcell in Project Walk, a rehabilitation facility located in Carlsbad, California, but one that came with an annual cost of over $100,000.

“My parents paid for rehabilitation treatment for over three years,” says Purcell. “Throughout that time, they taught me the importance of patience, compassion, and unconditional love.”

Yet despite his family’s support, Purcell still struggled. “Those were dark days when I couldn’t bring myself to accept the bleak prognosis ahead of me,” he says. “I faced life in a wheelchair and the never-ending struggle for healthcare access, coverage, and advocacy. I hit my share of low points, and there were times when I seriously contemplated giving up on life altogether.”

Purcell finds a new purpose in helping others with SCIs

After long months of depression and self-doubt, Purcell’s mother determined it was time for her son to find purpose beyond rehabilitation.

“My mom suggested I start Walking With Anthony to show people with spinal cord injuries that they were not alone,” Purcell remarks. “When I began to focus on other people besides myself, I realized that people all around the world with spinal cord injuries were suffering because of restrictions on coverage and healthcare access. The question that plagued me most was, ‘What about the people with spinal cord injuries who cannot afford the cost of rehabilitation?’ I had no idea how they were managing.”

Purcell and his mother knew they wanted to make a difference for other people with SCIs, starting with the creation of grants to help cover essentials like assistive technology and emergency finances. To date, they have helped over 100 SCI patients get back on their feet after suffering a similar life-altering accident.

Purcell demonstrates the power and necessity of rehab for people with SCIs

After targeted rehab, Purcell’s physical and mental health improved drastically. Today, he is able to care for himself, drive his own car, and has even returned to work.

“Thanks to my family’s financial and emotional support, I am making amazing physical improvement,” Purcell comments. “I mustered the strength to rebuild my life and even found the nerve to message Karen, a high school classmate I’d always had a thing for. We reconnected, our friendship evolved into love, and we tied the knot in 2017.”

After all that, Purcell found the drive to push toward one further personal triumph. He married but did not believe a family was in his future. Regardless of his remarkable progress, physicians told him biological children were not an option.

Despite being paralyzed from the chest down, Purcell continued to look for hope. Finally, Dr. Jesse Mills of UCLA Health’s Male Reproductive Medicine department assured Purcell and his wife that the right medical care and in vitro fertilization could make their dream of becoming parents a reality.

“Payton joined our family in the spring of 2023,” Purcell reports. “For so long, I believed my spinal cord injury had taken everything I cared about, but now I am grateful every day. I work to help other people with spinal cord injuries find the same joy and hope. We provide them with access to specialists, funding to pay for innovative treatments, and the desire to move forward with a focus on the future.”

Continue Reading

Trending