Better Than Payday and Car Title Loans
Think of car title loans as the payday loans step brother.

While their interest rates are lower than those of payday loans, which can have APRs upward of 1,000%, car title loans interest rates are by no means lower. Some carry APRs as high as 38%. Making the fees and cyclical borrowing associated with car title loans more expensive.

This cycle of debt can often be difficult to get out of, and the borrower risks the possibility of losing their vehicle.

While it might be the right fit for some, there are other types of collateral lending models that are less risky. This also depends upon the amount of cash needed verses the collateral of value being able to bring the borrower the expected amount.

This type of cash  loans business is conducted at pawn shops like Gems N’ Loans in Temecula. They are able to assess you item of value to loan on. Their interest rates are as low as 2%. The only possible repercussion might be the loss of the borrowers item in the attempt to fail to claim it at the end of the contract. However the lower interest rates make it more possible to do so.


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