If you’ve reached the epitome of financial struggle, then you may have considered title loans as a solution to your short-term debt management problems. Title loans are the perfect debt management solution for those individuals who are struggling financially, who are looking to pay off debt quickly, and who cannot acquire a traditional personal loan from a lending or financial institution due to poor or insufficient credit history. While title loans can be effective debt management options, they can also be expensive if you aren’t careful. Consider working with a reputable title loan companybefore acquiring any title loans.
In order to secure a title loan, applicants must hand over the title of their vehicle to use as collateral until the loan is paid in full. Therefore, in order to ensure maximum funding on a title loan, the overall book value and worth of the vehicle is important. Before applying for a title loan, here are some easy ways to increase the overall value of your vehicle.
A Little Cleaning Can Go a Long Way. One of the easiest ways to increase the value of your vehicle is to clean it out and spiff it up. Getting rid of trash, clutter, and even washing and waxing the body can do wonders for the overall appearance and value of your car. It’s a simple and cost effective approach, and will prove to secure a higher amount for a higher vehicle value.
Don’t Crack… Have you been staring at that crack in your windshield for probably too long? Before acquiring a title loan, it’s important to have this fixed. Depending on the state in which you live, it may be required by law to fix any windshield cracks before passing inspection (if you live in a state that requires state vehicle inspections). Furthermore, windshield replacements are covered under most auto insurance policies. Not only are cracks in the windshield unsightly and unattractive, they can also be dangerous. As a result, this can decrease the overall worth of your vehicle.
Burn Some Rubber. Another great way to increase the overall value of your vehicle is to replace the tires, especially if they are worn, old, have slow leaks, and so on. While replacing four tires can be a little expensive, it is likely you will be able to increase the worth of your vehicle, and therefore, acquire more in a title loan.
Make an Assessment. Finally, once you have cleaned your vehicle and fixed and repaired what you wanted to, it’s time to make an assessment. In what condition is the vehicle in overall? What is the estimate of your vehicle? There are some online tools and other resources that can help you to determine the value of your vehicle before going into a title loan store.
Affordable Title Loansis proud to offer a hospitable service to customers. We believe in taking the time and putting in the extra effort to help clients with their debt management problems rather than trying to take advantage of them. This is why we offer title loans with rates as low as 150%, nearly half of what our competitors charge. Call Affordable Title Loans today or visit one of our new locations in Utah, Idaho or Nevada to learn how we can help get you out of debt fast and for good.