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cash assistance

Cash Assistance While Unemployed

In the United States, there are millions of people who are struggling to get their financial needs met because they are unemployed. Not only are they affected by the job loss, their families feel the impact of their unemployment as well.

If you are unemployed and need money fast, it can be difficult not to worry and become anxious.

After all, you may need emergency cash assistance to pay for food, lodging expenses and utilities for your home.

getting a collateral loan

Collateral Loans

If you have limited cash or bad credit, then you may think that it is impossible for you to get a loan. However, you may still be able to get a collateral loan.

Most of us will have a financial emergency at some point in our lives. A financial emergency can be handled with a quick loan. You can also take funds from your savings account.

loan against car

How to Get a Title Loan Against Your Car

Banks would have you believe they’re the only legitimate place in town you can go to get a loan even though in the internet age there are far more lending sources out there.

One of the problems with banks is that while they do cater to those looking for large loans that exceed $10,000 or $15,000, they’ve largely left out smaller loans for those who may need loans of about $500 or so.

What Does It Mean To Get A Loan Against Your Car And How To Do It?

It might be you who’s in the market for a loan of about that amount, but what if you want to avoid the trouble of getting it from the bank? If that is the case, you could take out a loan against your car.

car title replacement

How Do You Get a Copy of Your Car Title?

If you don’t already know, car titles are very important. They are what determines who owns the car.

The thing with car titles is that they are legal documents. Because of this, you must go to your state or city’s DMV (Department of Motor Vehicles) if want to do anything with it.

If your car title is damaged, lost, or stolen, this could wreak havoc on your both financially and emotionally. Car titles are needed to transfer ownership of the vehicle and if you don’t have it, you are out of luck if you try to sell your car.

title loan representatives

Title Loan Places Open on Sunday

Unfortunately, many businesses are closed on Sundays. This can be tough to hear for people looking for some fast cash to start the week or to end their weekend, however you want to look at it.

Some might have spent all of their money on the weekend by partying and going out. This could harm some people that don’t get paid until the following Friday.

Velocity Cash is Open on Sundays

Fortunately, Velocity Cash is here for you. Velocity Cash will help you find the loan you are looking for, 7 days a week. Yes, we may have limited resources on Sunday but that doesn’t stop us from going above and beyond with our service.

find loan value car

How to Find the Title Loan Value of Your Car

Not everyone is completely familiar with what vehicle title loans are. They are short-term loans which can be borrowed from a reputable lender using a title as the collateral for securing the loan.

This type of loan is a huge help to people who may be finding themselves in financially difficult times and are looking for a way to get money quickly. Financial emergencies can sneak up on you and many people do not have saving set aside for these times, unfortunately.

How Much Can You Get for a Title Loan?

In times of financial crisis, a loan provides a means for dealing with money woes. The hard cash offered by a loan can cover immediate expenses.

At least temporarily, problems derived from those expenses go away. Of course, for this to happen, the borrower must be approved for the loan. The loan amount must deliver the necessary amount of money.

Anyone with bad credit or limited income might find a title loan a reliable way to borrow cash. An important question does come up here. “How much money can you get from a title loan?”

man and woman shaking hands and closing the deal

Does a Title Loan Affect My Credit?

If you’re thinking of applying for a title loan, you may be wondering how the loan will affect your credit. Many individuals who apply for title loans have less than perfect credit and are worried whether using this type of loan will lower their credit score even further.

Title loans are a type of credit product that even individuals with poor and fair credit scores can still qualify for. Unlike with unsecured loans, your approval for a title loan will be based on how much you earn each month and the street value of your vehicle.

Provided that you always make your payments on time, taking out a title loan has the potential to help you improve your credit history, which can help you qualify for various other types of credit in the future.

How Your Credit Score Works

Credit bureaus base your credit score on a wide range of different factors. The score helps lenders quickly see whether you’re an acceptable risk when lending you money. Employers, landlords and insurance companies can also use your credit score, so it’s important that you maintain one that is as high as possible. Here are the factors that are used to determine your overall credit score:

Payment History – 35%

Your payment history makes up the most important part of your credit score. As the name implies, your payment history considers how you’ve made your payments on various credit products. Always making your payments on time will raise your credit score, while having late payments will lower it.

Credit Utilization – 30%

Credit utilization refers to how much of your credit limit you’ve used up on revolving credit accounts, most notably credit cards. For example, if you have a credit card with a limit of $5,000 and have a balance of $2,500, your utilization is said to be of 50 percent.

Having credit cards that are nearly maxed out shows that you’re in debt and a higher credit risk, which lowers your score. This is why experts recommend that you use less than 30 percent of your credit limits.

Length of Your Credit History – 15%

The length of your credit history is the age of the oldest account on your file. The longer your credit history is, the higher your score will be.

Credit Mix and New Credit – 10%

Credit mix is the mixture of different accounts, such as credit cards, consumer loans and mortgages present on your file. Having various types of credit accounts open will increase your score. You should also know that every time a lender checks your credit, this lowers your score by a few points, as it shows that you’re seeking new credit.

Calculate a Loan Estimate

The amount of money you can borrow with a car title loan varies from one lender to the next, but will typically range between $2,000 and $50,000. The main factor that will determine how much you can borrow is the current street value of your car. You can use an online car title loan calculator to get an idea of how much you can get based on your car’s make, model, year and mileage.

How Title Loans Could Improve Your Score

Title loans have the potential of improving your credit score if you make your payments on time each month, according to your lender’s terms. After making a few months of payments, your credit score will begin to increase as your payment history will begin to look much better. Your score will keep improving as you make payments to pay off your loans.

Title Loans For The Unemployed

Title Loans for the Unemployed

Is it Possible to Get Real Title Loans for the Unemployed?

If you are without a job and are wondering how in the world you could ever manage to take out a loan, rest assured that title loans for the unemployed are an option through Velocity Cash. We understand that sometimes life throws our customers a curve ball.

That is why we are flexible with our title loan application process and even provide cash loans for unemployed customers. In fact, our title loan process is so fast and convenient that we offer same day loans for unemployed customers.

Title Loans With No Insurance

Title Loans With No Insurance

In America, almost half of the states allow title loans, but is it true that not all of them allow you to borrow money without insurance on the vehicle?

When you search the internet, it appears that there are no states that bar you from taking out a title loan with no car insurance, but there are a few exceptions.

However, if you need a title loan, there are less hindrances than most borrowers first expect.