LOS ANGELES, Dec. 22, 2017 /PRNewswire-iReach/
A December 14 article in the Times Herald Record describes the good work done by the newspaper's philanthropic People for People fund. In this case, the fund provided much needed emergency funds to a working mother of three in Orange County, New York, allowing her to keep paying her rent while she worked to get control of her finances. Car Cash Loans notes out this highly praiseworthy campaign by the newspaper is, unfortunately, extremely limited in its scope. When people in Los Angeles find themselves in a financial tight spot, a car title loan is often a far more reliable financial bridge than charitable assistance for people who suddenly find themselves hitting a financial wall.
Car Cash Loans points out that, as was the case with the New York single mom, many hardworking and responsible people nevertheless find themselves living from paycheck to paycheck. It can become all but impossible to bridge the gap when emergency expenses arise, such as a medical emergency, an urgently needed household repair, a sick pet that needs a vet, or an incarcerated relative in need of bail money. The borrower notes that a car title loan is often the best route under these sorts of circumstances when other types of loans are not available.
Car title loans are secured by the value of a fully paid for vehicle, so they are often an appropriate solution for individuals who have less than ideal credit or no credit at all, says Car Cash Loans. The firm points out that most of its customers appreciate that, with these kinds of loans, the borrower can keep their car while they are paying off the loan. Especially in Los Angeles, where cars are often essential for people who need to get to work or carry out other responsibilities, this feature can make all the difference to a borrower.
On the other hand, Car Cash Loans points out that title loans are not always the best option. In those instances, many of the lender's customers opt for pawn loans. As the name implies, these are also loans which are secured by the value of a vehicle. However, as with a pawn shop, the vehicle is kept in a secure location while the loan is being paid off. For this reason, this type of loan is best for vehicles that the borrower does not need to use on a regular basis, such as a motorcycle, recreational vehicle, or a classic car, says the lender.
Car Cash Loans concludes by saying that probably almost everyone who's ever found themselves in a tough financial spot has hoped for a financial bolt from the blue – a kind benefactor, an unexpected bonus at work, or even a winning lottery ticket. However, by their nature, bolts from the blue are extremely rare, and that's when a car title loan might be the best way out of a difficult situation for a great many people
Anyone who would like to know more about how Car Cash Loans works is encouraged to call the firm at (800) 988-5020 or check out its website at https://carcashloans.com.
Media Contact: Bob Westal, Cyberset, 8188837277, bob@cyberset.com
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SOURCE Car Cash Loans