How Owning Your Car Can Get You Immediate Emergency Cash
4 Ways Your Car Helps You Get Fast Cash
COVID-19 has affected economies worldwide and left many people reeling from financial distress. For those that have been adversely impacted by the pandemic, the options for getting emergency funds may be limited. But fear not, because if you own a car then there are a number of ways you get emergency cash including a title loan.
Rent Your Car
If you have a second car that you do not use often or if your own car is idle for a few days per week then you can always rent it out. Renting out your car can actually be quite lucrative, and you can sit back and relax while your car earns money. The obvious downside is the wear and tear on your car. Just go online and you will be able to find many car rental services.
If you do not like the idea of people driving your car then ridesharing with your car can be a good alternative. Ridesharing apps such as Uber and Lyft have become highly popular in recent times. They have put many taxi businesses out of business primarily because they offer an easy-to-use and relatively cheap alternative to consumers.
On the other hand, they are also a viable money-making option for people who have a car. The amount of money that you can end up making really depends on the city you are working in and the time you spend driving people around.
You can also use your car to make deliveries. Delivering food is the easiest option and there are many apps such as DoorDash and UberEats that you can register on. This is a good option for people who are employed since they can easily deliver food during lunchtime or after hours during dinner time when orders are at their peak.
Delivering packages is another option if the sight of food makes you sick. Again you can find apps that will let you register as a courier. One of the most popular apps out there is Amazon Flex.
Get a Title Loan
The options listed above are great ways of using your car to make money. However, all these options take time and effort to pay off and in life, there are many instances where you need immediate cash. Emergencies like unexpected medical bills or house and car repairs can really put you in a financial bind. In such a situation getting a title loan can be a very good option for you.
Title Loans for Quick Emergency Cash
Carolina Title Loans Benefits
Easy and Quick
The biggest advantage of title loans is that they are easy to obtain and ensure almost immediate cash payment. With Carolina Title Loans, inc., you can get up to $15,000. All you have to do is to fill out an online application form, the whole process will take less than 30 minutes. Once your loan has been approved, the cash will be transferred to your account almost instantaneously.
Bad Credit Accepted
Another advantage of title loans is that bad credit or no credit is okay. You don’t have to have good or perfect credit. While most traditional lenders will require a guarantor or good credit history, there are no such requirements for getting a title loan. Your car is collateral for title loans so bad or nonexistent credit history is accepted as well.
Keep Using Your Car
If you get a title loan your car won’t be requisitioned and you will be free to keep on using it as long as you make the payments. These title loans will also be lien-free, meaning that you will own your car without any judgments against it.
How to Acquire a Carolina Title Loan
To acquire a Carolina title loan, you can either go the old-fashioned way by visiting one of our Carolina title loan locations or you can just do it online. The steps are:
- Go to our homepage and fill out the online application.
- You will get a call from their representative to set up a meeting at a place of your choosing or set up a visit to one of our many stores.
- Our representative will check your car along with the car’s title and your state ID.
- The representative will establish the loan amount you are eligible for and complete your application.
- Once everything is in order, the amount will be transferred to your bank account the same day (or the next business day in some cases).
Owning your own car can provide many helpful benefits, and can also help you in a financial emergency. Try some of these ways to provide the fast cash you need to get you through. And if you need the money right away, a title loan can be just what you need.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.