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Why is February the Best Month to Get a Title Loan?

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Why is February the Best Month to Get a Title Loan?

December 5, 2018
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Anyone keeping track of the title lending industry might notice that it slows down around the month of February. This slow-down may actually pose a huge advantage for potential title loan borrowers, as lenders will become more aggressive with their interest rates.

At Max Cash Title Loans, even with the competition, interest rates you may find through us are competitive – especially in the month of February4. So for those considering a title loan, February can be the best time of year to get one through Max Cash Title Loans1!

How Max Cash Title Loans Could Offer the Best Interest Rates, Even In February

The great thing about Max Cash Title Loans is that we are a title loan referral service- meaning we do not give out title loans directly, but instead work with hundreds of lenders to connect customers with great deals on title loans1. In the month of February many lenders offer aggressive interest rates, and it may take some search work to find the best offer. Max Cash Title Loans wants to do that search work for you!

And because we are a financial referral provider, our top priority is to match our customers with the best rates in the industry, rather than focusing on getting business for one specific lender. So take advantage of our free service and the special Max Cash Title Loans-only interest rates for title loans during February, get started with us today!

What Causes the Slow-Down in February, Making it the Best Month to Get a Title Loan?

·         February is the Best Month for Title Loans Because Of Tax Season

The main reason that most people seek out title loans is for some extra funding. During the months of February and March the same people who might look to title loans opt to instead wait for their tax return. This usually eliminates the need to even inquire about the title lending industry.

·         February is the Best Month for Title Loans Because Of Tax Refund Loans

Tax refunds loans are another large reason that accounts for the slow-down of the lending industry. Tax refund loans are provided by several financial companies, with a fee, and they make the funds of a tax return available before it actually arrives. Once the tax return does arrive the borrower will pay back the lender.

This makes tax return funding even more convenient and eliminates the need to wait the standard time it takes for the money to arrive. And so many Americans find that they do not need to turn to the title lending industry.

Every financial industry has a time of year where it flourishes and a time where things slow down. For the title lending industry February can be one of its slowest months. But at Max Cash Title Loans, the interest rates are already highly competitive year round, and so in February the deals are even better!

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