URL: http://www.titlecashatlanta.com/
Title: Atlanta Title Loans
Desc: In these hard economic times it can be hard coming up with cash.

A car title loan in Atlanta can get you the money you need fast.

A title loan or car title loan is a quick loan type, where the borrower puts his car as collateral for the purchased money. Unlike other sources of financial aid, car title loans carry higher interest, mostly because their state of short-term.

The high interest is also due to the fact that lenders do not need any credit report and do not check credit; the single consideration about eligibility for the loan is the condition and value of the vehicle you put as collateral.

The amount of money purchasable depends on lenders, but the loans usually stay between $100 and $1000. The majority of title loans can be acquired in less than 15 minutes after filling the application. People with bad credit tend to use this kind of financial help because there is no credit check needed, but on the long term, because of the high interest this financial aid is not profitable.

Although there is no credit check needed, lenders usually verify the borrowers’ source of regular and complementary source of income, near verifying the value of collateral. The loan is secured by the title of the vehicle; in many cases lenders might even let you drive your car during the period of the loan.

The maximum purchasable amount is determined by the collateral. Usually lenders are offering a loan up to 50% of the vehicles’’ resale value, but the amount might go beyond this percentage, depending on the lender.

In order to get the loan, the borrower must have clear title; the car has to be fully paid, with no current financing or liens. Even more, some lenders might require full insurance, but this is complementary.

The interest rates given on this short term loan depend on the state, where the lender is located. The APRs vary on a large scale, from 37% up to even 600%.  The repayment periods also vary, but the maximum time allowed is until the next paycheck, two to four weeks.

At the end of the repayment period, borrowers have to pay the outstanding amount in one single payment or if the lenders allow, can roll over the loan, paying additional interest and fees for term extension. So if you are unable to pay by the end of the term of the loan you might take out a new title loan.

This is a guest post from www.shortloans.co.uk

By simply using your car title as collateral, a Florida title loan lets you to borrow money based on the value of your car. The auto title lender keeps the title, and you keep your car, drive it, and make the payments. It’s typically a short-term loan, and short-term loans can carry higher than otherwise interest rates. Which is why some States have stepped in to regulate the title-lending auto industry.

In Florida, for example, auto title loans lenders can charge interest on a loan of 30% a year for the first $2,000 that’s borrowed, 24% per year if you borrow an additional amount between $2,000 and $3,000, and 18% per year on any amount you borrow that’s over $3,000. Because these different interest rates and the resulting finance charges can be confusing to consumers, Florida enacted two laws that each regulate auto title loan lenders.

Chapter 537 of the Florida Statutes states that both you and the lender must sign a written agreement before making the loan that states the interest rate and exactly how much you’re borrowing (called the “amount financed”). Consumers need to protect themselves by reading and understanding the agreement before they sign it. The agreement must also contain the address and telephone number of the Florida Department of Financial Services, the State agency that regulates title loans. They even have a hotline number, which is 1-800-342-2762.

Chapter 537 also states that the loan agreement must explain that if the loan is not repaid, the lender can repossess your vehicle and sell it, keeping the proceeds up to the amount that’s owed, along with the expenses to cover the repossession and sale. In addition, the lender must notify you of the intent to repossess your vehicle. This gives you the opportunity not only to remove your personal possessions before you give your car to the lender, but also to pay back your loan before your car is sold. Ten days before the sale, the lender must inform you of the time and place of the sale, as well as an accounting of what’s owed.

But most car title loan lenders are regulated under Chapter 516, which doesn’t contain all of the protections that Chapter 537 offers. Although the lender is mandated to give you a written accounting of the amount borrowed and the interest rate, the repossession, sale procedures, and the extra fees they can charge are not as specifically dictated as they are in Chapter 537.

In this economy, people are searching for new ways to pay their bills. And that isn’t very easy to do if you have bad credit. In Arizona, you can get a loan with Cash Time Title Loans, Inc.  – even if you have bad credit. Cash Time also makes it easy with seven convenient locations. You can even apply for online car title loans. Not only is it an easy process, it’s quick, too – sometimes you can receive an auto title loan in as little as 30 minutes.

Investigating other States, however, you’ll find that some auto title loan lenders are not as ethical as others, operating their businesses unfairly and/or with misleading information. Therefore, the Virginia State Corporation Commission has proposed revising the regulations of all title loan lenders. The first proposed regulation is for each lender to send all the auto titles it accepts in exchange for loans to the Department of Motor Vehicles so that the State can record that lien against the title. One purpose of this proposed regulation is to prevent people from obtaining car title loans under false pretenses; if the lien against the title isn’t reported, some people have sold the vehicle as if it had a clear title. In addition, the State wants that physical act of turning over the auto title to be a reminder that, if the loan is not repaid, their car can be repossessed.

Another proposal is to limit the number of loans against any vehicle title to one single lien, meaning you can only apply for a car title loan if there are no other credit lines or loans that are secured with that particular title. The last Virginia proposal is that businesses that combine payday loans with title loans have to follow the same rules as if the business were only lenders of car title loans.

Some groups believe the proposed regulations don’t go far enough. In Virginia, some lenders of title loans also make payday loans. A Group named Virginians Against Payday Loans think that tighter controls should be placed on those lenders that make small loans with high interest rates.

Conversely, others think these proposals are too harsh and unfair. For example, Tommy Moore, who is the Vice President of the Community Financial Services Association of America says, “Such a regulation is unnecessary and unduly burdensome.” Those people who oppose the proposed regulations believe that car title loans serve an important purpose, because these loans make credit accessible for people who could not qualify for loans through any other source.

If you’re over the age of 18 and own the title to your vehicle, you can go to any automobile title loan location and receive a loan. It’s such an easy process, you can even apply for online car title loans. Because auto title loans have become very popular, title loan lenders are springing up all over the country.

Because some of these lenders use less than ethical practices, the State of Illinois revised its rules to better regulate businesses that offer auto title loans. The Illinois Department of Financial and Professional Regulation (IDFPR) worked with the Joint Committee on Administrative Rules (JCAR), consumer groups, as well as the industry itself in order to revise the Consumer Installment Loan Act. Working together, they strengthened the lending and repayment provisions for car title loans.

The new rules take aim at the large balloon payments that some title loan lenders require, regulating that all title loans be repaid in substantially equal payments. Brent E. Adams, the IDFPR Deputy Secretary, said, “Our goal is to protect consumers by requiring lenders to engage in sane and sound business practices.”

Other revised rules include the stipulation that the principal amount of a car title loan cannot be more than $4,000. In addition, any car title loan monthly payment amount cannot be greater than 50 percent of the monthly gross income of the consumer. And any loan can only be refinanced if the principal has been reduced by at least 20 percent.

The new regulations also stipulate that all auto title loans must be approved by a state-wide database. The goal of this database is to ensure that consumers have not had an outstanding auto title loan in the preceding 15 days.

Other new rules specify that an auto title lender give the consumer a pamphlet developed by the IDFPR that describes debt management services that are available, as well as the consumer’s rights and responsibilities, before entering into a car title loan. The pamphlet also contains an IDFPR-sponsored consumer telephone hotline that handles complaints and questions. This hotline number must be contained with any delinquency or default notice that is sent or given to the consumer.

Finally, the revised regulations state a title lender cannot have a secured interest in any consumer property other than the vehicle. In the event of a vehicle repossession, the title lender must give the consumer notice so that they can remove any personal belongings from the vehicle without a charge. The new regulations also prohibit a lender from repossessing a vehicle and then leasing it back to the consumer.

Title loans are easier to obtain in certain states than others. Each state has different laws and guidelines, that are followed, to help both the borrower and lender get a fair deal. One of the states leading the way to safer transactions is North Dakota.

All auto title loan stores in North Dakota are required to provide their customers with a loan agreement. The written agreement shall contain the name of the consumer, the transaction date, the amount of the loan, the annual percentage rate charged, and a statement with all the charges expressed in dollar amount and an annual percentage rate. North Dakota also requires that title loan lenders include the following notice in at least 10-point type: “A deferred deposit loan is not intended to meet long-term financial needs. A deferred deposit loan should be used only to meet short-term cash needs. Renewing the deferred deposit loan rather than paying the debt in full will require additional finance charges.”

North Dakota allows lenders to charge financing charges, so long as the amount doesn’t exceed 20 percent of the first $300 loaned, plus 7.5 percent of any amount loaned in excess of $300. In North Dakota, if a borrower can rescind a payday loan by 5 p.m. the day following the transaction. Under North Dakota law, a payday lender cannot seek any criminal charges against a borrower who is unable to payback their payday loan as a result of insufficient funds. If however, the borrower closes the count or writes fraudulent checks, they may be prosecuted under North Dakota law.

Why should you choose Cash Time Title Loans?

It’s easy. To get auto title loans, all you need is the title to your vehicle, whether it’s a car, truck, motorcycle, recreational vehicle (RV), or commercial vehicle, a driver’s license or a picture identification, a short loan application, and you’re all set to go. Have you just moved to Arizona? Cash Time can even help you convert your out-of-state vehicle title to an Arizona title. What if you don’t have a job or your own residence yet? Cash Time Title Loans, Inc. may still be able to help you. They will want to see some recent mail with your name on it that’s been sent to where you currently live.

It’s fast. Sometimes you can even get your loan in as little as 30 minutes! You’ll at least receive same-day approval. And you can even go to their website for online car title loans.

It’s a good deal. Almost all the title loans made from Cash Time are cheaper than a lot of other short-term loans.

It’s good for your business. Applying for auto title loans is a great alternative for the business owner who has a fleet of vehicles. Since it takes money to make money, you could get up to a $100,000 capital infusion for your business that you can use for just about anything.

It’s local. Cash Time Title Loans, Inc. isn’t some big, nationwide organization. It’s locally owned and operated, so you know they’re interested in the people they serve here in Arizona. In fact, their headquarters are in Scottsdale. And, since they provide more auto title loans than any other lender of its type in Arizona, you know they’ll still be here tomorrow, next month, and next year

It’s safe. Cash Time Title Loans, Inc. has the very latest in technology that will ensure that your personal information is safe. Not only are their safeguards electronic, they also take physical measures to protect stored data so it’s not damaged or hacked. Cash Time also uses technology like firewalls and anti-viruses to keep your information safe.

It’s simple. All you have to do is make your payments. If you’re not able to do that, just talk with Cash Time Title Loans, Inc., because they will always try to help you. And, once your title loans are all paid off, Cash Time will give you back your title.

Cash Time Title Loans, Inc. makes it fast and easy for you to get an auto title loan – sometimes in as little as 30 minutes! If you are the age of 18 and over, and have the title to your vehicle (whether it’s a car, truck,  recreational vehicle (RV), or a commercial vehicle), you can get a title loan. Cash Time even offers motorcycle title loans!

How do you apply? Cash Time has made it easy for you. So easy, in fact, they even have online car title loans. You’ll find their one-page form when you go to Cash Time and click on the apply button. Simply input your name, email address, home address, telephone number, employer name and telephone number, the year, make, and model of your vehicle, the vehicle’s approximate mileage, the amount of the loan you would like, and the best time and way to contact you. All that’s left is for you to choose one of their seven convenient Arizona locations to complete the application process. You don’t even need an appointment. When you arrive at Cash Time Title Loans, Inc., you should bring the certificate of title to your vehicle, your driver’s license, or any picture identification. Or you can complete the application when you arrive at the Cash Time store – whichever is most convenient for you. The entire application process can be as little as half an hour, or you’ll get your approval that same day.

Even if you’ve just moved to Arizona and you still have an out-of-state title, Cash Time Title Loans, Inc. can help you with that, because an Arizona lender can only make an auto title loan with a title registered in the State of Arizona. Perhaps you don’t even have a job or a place of your own yet. Cash Time may still be able to help you. Just be sure to bring in some mail addressed to where you presently live that has your name on it when you apply for your auto title loan.

Even though they make it fast and easy to get an auto title loan, there’s another reason why Cash Time Title Loans, Inc. has been in business for more than 12 years. And that reason is customer service. Cash Time employs a professional staff; a staff who treats their customers with courtesy and respect. Why would you want to go anywhere else when you need money?

Yes! Even when you have bad credit, you can get car title loans. The reason for this is simple – Cash Time Loans, Inc. will hold the title to your vehicle, whether you need motorcycle title loans, or title loans for your recreational vehicles (RVs) or commercial vehicles. Because Cash Time will lend you money with just your title, you can’t be refused for a title loan simply because of bad credit. In fact, Cash Time will tell you that your credit history isn’t even part of their evaluation of you.

In fact, getting car title loans is a great way to establish credit, and also improve your credit rating. By making your payments early or on time, you are building a good credit history. As you build a good credit record, you are increasing your credit score, which makes you more eligible for future loans – like that all-important mortgage for you and your family.

Depending on your situation, your payment schedule will be bi-weekly, semi-monthly, or monthly. Therefore, the length of your loan will be determined by which payment schedule you have. If you have trouble making your payments, Cash Time Title Loans, Inc. wants to help you, so be sure you let them know. When you’ve paid off your loan, Cash Time gives you your title back. It can’t get any easier than that!

Even if you don’t own the title to your vehicle, Cash Time Title Loans, Inc. can help you. They can pay off your existing car loan and issue you a new loan. They may even be able to help you when you’re not employed and don’t have your own place of residence yet. That’s real customer service.

And Cash Time has made it super easy to make your payments by giving you several payment options. Each of their store locations accepts cash, check, or Money Orders. If you’d like to do a check by phone, all you need to do is give Cash Time a blank check that you’ve voided. That check should have the name of your bank, your bank’s routing number, and your bank account number. Cash Time can process a check-by-phone payment during regular business hours. If it’s after business hours, there is a payment drop box at each of their seven Arizona locations; however, for your safety, do not place cash in a drop box. Finally, each store has a four-digit money gram account code, so you can transfer money into your store’s account. Just go to any business that does money grams and give them the code for your Cash Time Title Loans, Inc. store. All after-hours payments will be posted to your account on the next business day.

With car title loans from Cash Time Title Loans, Inc., you won’t have to worry about bad credit anymore.

Cash Time Title Loans, Inc. has recently announced its expansion from standalone stores to title loan “booths” located at various Ranch Market stores around the Phoenix and Tucson, Arizona metro areas. “Until this point, I had to go to Cash Time for a title loan at their store locations, and I’m thrilled that they saw the need to reach out and be available in the most convenient places” says Alex, a local Phoenix resident. The expansion is not complete, however, without mentioning that Cash Time has gone all out, including not only car title loans, but rv, motorcycle, and truck title loans at their new Ranch Market locations as well.

Now, while customers shop, they are able to sit down and get nearly immediate decisions as to whether they can obtain a title loan on their vehicle, without interrupting the daily flow of their errands. The Ranch Market booths are linked with Cash Time’s underwriting staff, and so approvals can be made on the spot without the client having to go anywhere else. The most fantastic part of this whole process is that the loan can be FUNDED (i.e. the customer gets their money) on the spot as well, making it unbelievably easy for anyone to quickly find a title loan to help them pay bills, emergencies, and more.