financial difficulties title loan help

Financial Difficulties? How A Car Title Loan Can Help

Being hit by financial difficulties is hard no matter the circumstances. But being hit by financial difficulties amid a pandemic that has caused the worst economic recession in over a decade is especially hard. It feels like messing up could break you. 

So how do you decide on the right strategy for dealing with your financial difficulties? Here's how to consider all the aspects of the problem and also how a short-term car title loan could be a solution.

What’s The Core Root Of Your Financial Difficulties?

Yes, on the surface level it’s usually the lack of money, but financial difficulties usually have deeper problems laying at the core. What’s the cause at the core?

What’s the biggest problem that’s causing the trouble? Are you having trouble covering your financial obligations like rent, insurance, or debt payments? Has your paycheck taken a cut recently or have you lost your job? Do you have any savings?

The first step to solving the problem is identifying the root of the problem. Whatever the problem is, there’re likely multiple options to solve it short-term – the questions are what the impact of the solution will be. Will it cause more financial difficulties in the future? And what you can do to avoid it happening again?

What’s Your Timeline For Your Financial Difficulties?

When deciding on the strategy to handle the problem, the first thing you need to figure out is how soon the problem in question needs to be handled.

Usually, most problems can be divided into two: the ones you can postpone dealing with for a certain period, and the time-sensitive ones.

Identifying time-sensitive problems is easy. Ask yourself if the problem in question will get worse, cause more problems in the future, and cost you more to deal with in the future. Typically these types of problems we refer to as emergencies.

Medical expenses, car troubles, house repairs are some of the most prominent examples. With all of them, you risk letting the situation escalate to the point where it either costs a lot more money to handle the problem in question, or the situation becoming outright unfixable.

What’s The Most Optimal Solution To Your Financial Difficulties?

Finding the optimal solution to the problem depends on the timeline and the amount of money required to solve the problem.

Sometimes it can be as easy as just asking for a salary advance at work or taking on a few side-projects. But more often than not, you’ll need to be very careful with your expenses and look for multiple avenues to get the cash together.

While it’s always preferable to deal with the problem at hand without adding to your existing financial obligations – if the problem in question is time-sensitive and requires a large amount of cash to handle, getting a car title loan could be the optimal solution.


car title loan help financial difficulties


Use Car Title Loans For A Short-Term Solution To Financial Difficulties

If you are a car owner and your title has no outstanding loans or liens, you could use that title to get yourself title cash. At Carolina Title Loans, Inc. you can get between $601-$15,000 when you use your vehicle’s title as collateral.

The great thing is you don’t have to give up your vehicle. Since we are using your title as collateral, you can keep driving your vehicle like you normally would. A car title loan also comes with a few other advantages, when compared to more traditional loans.

Firstly, the application process is simple and doesn’t call for complicated procedures. In fact, it all begins right online, and then you can have us come meet you at a location of your choosing to finish the process.

Secondly, it’s fast to go through the process at Carolina Title Loans, Inc. to find out if you've been approved. The entire procedure takes on average 30 minutes and, if you are approved, you get the cash on the next bank business day at the latest.

And last, but certainly not least, it’s accessible. Anyone who’s over 18 and outright owns their car – meaning the car title is in their name and without any outstanding loans or judgments against it – can apply and potentially get approved. The credit score doesn’t influence the borrower’s eligibility – so you can apply even if your credit score is bad or outright nonexistent.

Additionally, Carolina Title Loans, Inc. accepts all types of income and we will do our best to provide you a comfortable repayment schedule.

How Do I Apply For A Car Title Loan?

First things first, make sure you’ve got all required items in order. You’ll need your car, your car’s title – it must be completely lien-free – and a government-issued ID. After that, you can easily start the application process online. Here is the step-by-step guide you can follow:

  1. Fill out and submit the online form on our Carolina Title Loans, Inc. website;
  2. Wait for the loan representative to give you a call, provide further instructions, and schedule a meeting. Remember, you can either come to a title cash near you or a location of your choosing.;
  3. Whether you come to us or we come to you, take the required items to the scheduled meeting;
  4. Let the loan representative assess the required items to decide if you qualify for the loan and how much cash you should be getting;
  5. If you get approved, the loan associate will help you go over the loan terms. After everything is signed, you will get the cash on the next bank business day at the latest.

When it comes to financial difficulties, they don’t have to break you completely. As stressful as they can be, you have to remember to stop and take the time to consider your options. A title loan from Carolina Title Loans, Inc. can be a good short-term solution to help you end your financial difficulties.

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.

Emma Frost

Emma Frost is a lifestyle and finance blogger with a talent for communication and a passion for financial literacy. She uses her writing talents to explore topics that help her readers gain financial stability and growth.