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August 04, 2001
By: Sharon Preston
Website: http://www.need-to-know-finances.com
Car paid off? Get an auto title loan
Just when you thought you didn’t have any choice left to get some cash, the option of an auto title loan appears. If your car is 100% paid off then it is possible to obtain an auto title loan using your car as collateral. And yes you can still continue to drive your car.
Even if your credit is not perfect an auto title loan is still a potential strategy for you. Your job becomes your credit. Now keep in mind that you will not get 100% of the value of your car but certainly some is better than none. You do want to watch out for some factors when discussing this option with lenders. Make sure that the monthly payments you will be making reduce the amount of money you borrow and does not affect your ownership of your vehicle.
Naturally when speaking with any lender you want to make sure that they are credible because they will keep the certificate of title for the duration of the auto title loan although you keep the car. Also watch for any pre-payment penalties or hidden fees. Always ask lots of questions so you are prepared.
For
more information on Auto Title Loan, or to choose from a variety of related products
and services, choose from the following:
Online Auto Loans | Online Home Equity Loans | Online Mortgages | Online Payday Loans | Online Debt Consolidation
About
The Author:
Sharon Preston is a successful author and publisher of http://www.need-to-know-finances.com.
A one-stop resource for all your auto loan needs featuring articles and tips about online refinance, bad credit auto loans, interest rates and more.
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