5 Reasons the Bank is Not Your Friend

Tuesday, February 18th, 2014

Many people immediately turn to a bank when they need to get a loan. However, getting a traditional loan can be a downright frustrating process. When you need quick cash, the last thing you want to do is deal with a mountain of paperwork or a laundry list of requirements. Frankly, banks do not care about your timeline – they work at their own pace. If you are looking for a way to get fast cash, you are better off applying for an online loan. By doing so, you can get your money in a day’s time and will not need to disclose every detail of your financial history. Read below to discover more reasons why the bank is not your friend.

Banks can complicate the loan process in several ways, including:

  • Lack of flexibility – Financial institutions are not concerned whether you have an urgent medical bill or home repair to address. They have a predetermined set of terms and conditions, so they rarely customize your loan. In addition, many banks do not give you the ability to pay at your own pace or even design your own payment plan. They believe loans can be “one size fits all,” but that is simply unrealistic.
  • Credit checks – Many prospective borrowers are immediately turned away due to poor credit. Banks perform credit checks in order to assess the risk of lending you money. If the risk is too high, your request will be denied. When you apply for a traditional loan, bank personnel examine your financial history with a fine-toothed comb. In other words, if you have poor or nonexistent credit, the bank is not your friend.
  • Tedious paperwork – Applying online for a loan takes a matter of minutes. In contrast, applying for a loan at a bank requires you to fill out a stack of tedious paperwork. Before you are eligible to borrow money, the bank wants to know specific details regarding your financial history. When you are in a pinch, you simply do not have the time to complete such a complicated process.
  • Long lines – It always seems as if everyone shows up at the bank at the same time. If you are experiencing a monetary shortfall, the last thing you want to do is wait in a long line, because you clearly need to deal with more pressing matters! Avoiding the bank also means you can avoid other patrons. An online loan application allows you to submit your information from any computer, tablet, or smart phone. You can complete the process on your own time – whether you’re at home or on the go.
  • Unpredictable interest rates – Bank loans are often accompanied by unpredictable interest rates. You can travel from one bank to another and receive completely different rates. This type of inconsistency can lead to feelings of dread – how do you know you’re getting the best possible deal? In this day and age, fluctuating interest rates are simply unavoidable, but they represent yet another reason why getting a loan from a bank is an arduous process.

Cash Loans for Black Friday – Why It’s a Good Idea

Monday, November 11th, 2013

Using a Car Title Loan for Black Friday

car title loans dayton, black friday

Get a car title loan to help finance Black Friday and holiday shopping.

Using a car title loan for Black Friday is a wise decision. Each year, the day after Thanksgiving marks the unofficial start to the holiday shopping frenzy. Retailers entice shoppers by offering deep discounts and unprecedented promotions. Some big-ticket items, such as electronics or furniture, can be purchased at a fraction of the retail price.

If you are short on cash and struggling to make ends meet, there is no need to panic. You can finance your shopping spree by using your car title as collateral for a loan. You will be able to collect your cash in a matter of hours.

This borrowing opportunity is a perfect way to make the holiday season a little brighter. You can buy your child the toy of her dreams or present your significant other with a gift he or she will truly cherish.

The best part is that you can put a smile on the face of your loved ones without sacrificing on your end. A holiday shopping loan can be achieved with a minimal amount of effort.

How Do Car Title Loans Work?

It is easy to understand how Dayton car title loans work, because the process is simplified into three easy steps. To begin, you must complete an online application. You will be asked to provide basic contact and vehicle information.

You will be presented with a complimentary pre-approval estimate based on this information. In the past, borrowers have been approved for up to $50,000!

A customer service representative will be in touch to discuss your options and the available loan terms. Once the details have been finalized and your loan has been funded, you will be directed toward the nearest lender.

You can travel to a location near you and collect your cash within as little as 24 hours. When time is of the essence, a title loan is the ideal solution.

Your title will be returned once your loan has been paid in full. You can continue to drive your auto, so your freedom of mobility will never be compromised. A title loan will not impact your day-to-day responsibilities.

Getting a Black Friday loan is as easy as 1-2-3:

  1. To receive your free pre-approval estimate, submit the Dayton car title loans online application at your earliest convenience.
  2. Speak with a title loan specialist to finalize the details and design a flexible repayment plan.
  3. Collect your holiday shopping loan at a convenient location. If you prefer, your cash can be directly deposited into your bank account.

Keep Cash Flow Steady During the Holidays

Not surprisingly, if you are living paycheck to paycheck, it will be difficult to keep cash flow steady during the holidays. This time of year is filled with festivity and jubilation, but it can also cause your bank account to take a major hit.

You can avoid this type of financial pitfall by planning ahead and understanding your options. A Black Friday loan can give you the boost you need. You will not need to undergo a credit check, so you can be approved with poor or nonexistent credit.

In this day and age, a loan option that is not based largely on your credit score is virtually unheard of. We pride ourselves on helping all residents of Ohio – regardless of their financial history.

If you take control of your money now, you will be able to enjoy the holidays and ring in the New Year on the right foot. Apply for a title loan today and start scouring those Black Friday ads for the best deals!