First why in the world would you not get a title loan when you can is beyond me when they are really such an awesome way to get funding?But I know some people would like to see what choices they have so let’s explore them:
These are UNsecured loans and some title loan companies offer them. I know that 800LoanMart does but you have to go to their web site page which is not really that well know. You have to ask them by calling them about it at 888-700-7505 and ask about their installment loan program. What I like about this company is that you do not need a real high credit score to get it. This helps.
ASKING YOUR PARENTS
This is an ugly option but for some, it’s real. Maybe your parents have big bucks but it takes a little courage to do it.
GETTING A COSIGNER
You may not have a car that may qualify for a title loan. Maybe it’s because it is a high mileage car or that it’s just too old. You may need a friend who has a car that is paid off to get the loan. Just know, it’s their loan and they are on the hook for it!
SELL YOUR CAR
This option really sucks. What will you do without your car? Some people have 2 cars at home and getting rid of that extra car may be a great option!
GET ADVICE FROM THE EXPERTS
Here is a GREAT option. There is a radio show called the “Cash Daddy show” which industry leaders that knows ways to clean up your credit, save money and has some awesome options in getting out of tight spots. It’s worth the listen.
WHAT I DIDN’T SUGGEST IN CASE YOU MISSED IT
I did not suggest a payday loan. Not that they are so horrible but really now… the interest rates are crazy… the ability to get out of them are hard and you won’t get anywhere near the money you would get from a title loan.