How to Manage Your Finances To Avoid Late Bills With These Loan Options
Things like late bills and unpaid debts can have a big impact on your credit rating and may be very stressful, so why not see if Utah Title Loans, Inc. can supply you with a loan today? We offer various kinds of loans, including signature installment loans, title loans, and payday loans, helping customers in many different situations.
Borrowing money can allow you to deal with bills before they get transferred to collection agencies and start impacting your credit rating, but a lot of customers aren’t sure what kind of loan they should choose. Let’s take a look at the options now.
What Are My Loan Options?
Some people may need extra cash for various reasons, such as emergencies or large purchases. One option is a title loan, which uses your vehicle title as collateral and has a short repayment period. Another option is an installment loan, which has fixed monthly payments and a longer term. A third option is a payday loan, which is borrowed against your next paycheck and has to be repaid in full on your next payday. Below are option you have at Utah Title Loans, Inc. and more detail about each loan option.
Title Loans
A title loan is a common kind of borrowing that allows you to use your vehicle as collateral and borrow money based on its value. This can be an effective way to avoid late bills, because you’ll get a lump sum of money into your bank account, allowing you to pay off what you owe.
With this kind of loan, you still get to use your vehicle as normal as long as you meet your repayment schedule. That means you can get to and from work easily, pick up kids and groceries, etc., and you’ve leveraged some of the value of the vehicle. It’s easy to apply, and you just need some state-issued ID, the vehicle’s title document, and the vehicle itself for a quick inspection.
Our title loans let you borrow between $300 and $15,000, so they can be useful if you need a larger sum of money.
Payday Loans
A payday loan may be an option if you’re looking for a smaller amount of money and you are employed. You can borrow between $100 and $500 with one of our payday loans, and the process is quick and easy. You need to be able to show some identification, your most recent pay stub, and supply a blank check from a checking account in your name.
Payday loans are a form of short-term borrowing and they are usually repaid on your next pay cycle (although conditions can vary), so if you want to return the money quickly, these can be an option for accessing emergency funds.
Signature Installment Loans
A signature installment loan is also a way for individuals without a suitable vehicle to access money, and one of these loans could provide up to $1,500, depending on your circumstances. To apply for one, you’ll need your most recent pay stub, your ID, and a checking account statement for an account in your name.
This kind of loan does require you to undergo a credit check, so if your credit rating isn’t great, you may want to reach out to us to discuss the situation or consider one of the other loan options. However, if your credit rating is good, this could be a suitable solution for you to access emergency funds.
Is The Money Transferred Quickly?
If you’re looking at late bills and overdue payments, speed may be one of your top priorities when it comes to accessing funding. After all, the longer you leave bills waiting, the more likely they are to get increased with additional charges or sent to collection agencies. You might be looking for whichever loan will go into your account the quickest.
All of our loans clear quickly, because we recognize that our clients may want the funds in a hurry. The process for each is quick and easy and requires minimal paperwork, allowing you to complete your side fast. If you are approved for a loan, we make things speedy on our end too. There’s no waiting around weeks for the money to go into your account.
We will send the funds on either the same business day or the next business day. That means you can take care of your financial emergency as quickly as possible, reducing the damage and hopefully avoiding late fees or extra administration charges.
Fill Out Our Form Today
Utah Title Loans, Inc. specializes in providing a range of loan options to help customers manage their finances and stay ahead of their bill payments, so we’re well-placed to help if you need funding. Whether you need a title loan, a payday loan, or a signature installment loan, we may be able to help you out.
It’s not always easy figuring out what kind of loan option would be best for you, but hopefully, the above information has helped you feel a little more confident. Any of these loans will provide you with access to quick cash, making it easier to avoid late bills and the resultant hit to your credit score. For more information or to begin our process, fill in our online form now!
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.