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Lending News Update: Loans for your Taxes

Lending News Update: Loans for your Taxes: Ah, wouldn’t it be great if there were no 16 th  Amendment? There would be no federal income taxes, mid-April would just be a normal time ...

Loans for your Taxes

Ah, wouldn’t it be great if there were no 16^th Amendment? There would be no federal income taxes, mid-April would just be a normal time of year and we wouldn’t have the IRS breathing down our backs if we missed a payment. That would be great, but that’s not the way it is right now.

As we near the tax deadline, it is a good time to think about what your immediate financial future will look like. Sure, some of us will get a refund, but many will not. Thus, some people will end up owing money to the IRS. If you have the money to pay your taxes, that is great! However, if you do not have the money to pay your taxes on time, the IRS can become an unwelcome guest in your life very quickly.

According to the IRS, they will assess penalties for late payments. This may be expected, as just about any other type of bill that you could pay would come with such provisions. If you also fail to file your taxes on time, the combination of penalties for paying late and filing late could be as high as 25 percent of the amount that you owe. So, if you owe $5,000, you could end up owing $1,250 in penalties in addition to that amount.

If things get out of control, you could end up having to deal with this matter in court. That will virtually require you to pay fees to a lawyer – unless you are feeling very lucky. Also, there have been cases where those who battled the IRS have ended up in prison – an unlikely scenario, but it is still possible.

So, what can you do to pay your taxes if you cannot afford them?

Consider a Car Title Loan

The answer to your tax problems may be sitting in your garage, driveway or wherever else you park your vehicle. You may be able to get a car title loan.

A car title loan may also be called a title loan, pink slip loan or u-drive loan. It is a loan that is based on the value of your vehicle.

To get a car title loan, you can visit a car title lender. The lender will assess the value of your vehicle and may offer you a loan based on it’s value. The loan will typically be for a percentage of the vehicle’s value. At Car Cash Loans, they may offer you a loan of up to 50 percent of your vehicle’s value and may go higher in special cases.

You will typically be able to keep your vehicle when working with a title lender. The lender will generally want to take temporary possession of the vehicle’s title, not the actual vehicle. The title will act as collateral for the loan.

At Car Cash Loans, you’ll never even have to go through a credit check. So, if you have credit problems, you don’t have to let this affect paying your taxes. You’ll typically just have to show your vehicle’s title and meet a few other requirements to be on your way to getting a loan.

Should I Use a Car Title Loan For My Taxes?

 

It may not be fair, but Uncle Sam will probably be all over you if you ignore paying your taxes. This is one uncle that you probably don’t want to ever show up at your home.

To avoid having the IRS in your life any more than it already is, consider getting a car title loan. It will probably be a much faster, easier process than getting a traditional loan, which may not be available to you in the first place if you have credit problems or want a small loan.

So, a car title loan can be a great tool to pay your taxes and you’ll usually keep your vehicle in the process!

Lending News Update: Keep Food on the table with a Car Title Loan

Lending News Update: Keep Food on the table with a Car Title Loan: Times are tough for many Americans. In fact, here in California, we have the second worst unemployment rate in the nation. According to ...

Lending News Update: Keep Food on the table with a Car Title Loan

Lending News Update: Keep Food on the table with a Car Title Loan: Times are tough for many Americans. In fact, here in California, we have the second worst unemployment rate in the nation. According to ...

Keep Food on the table with a Car Title Loan

Times are tough for many Americans. In fact, here in California, we have the second worst unemployment rate in the nation. According to the Bureau of Labor Statistics, the unemployment rate in California is 11.1 percent, meaning that over 1 in 10 Californians who are seeking work cannot find it.

With it being tough to find a job these days, you may be strapped for cash. Unemployment compensation will only get you so far if you even qualify for it in the first place. Your savings will bleed fast if you don’t have any income coming in. Thus, it may be difficult to keep food on the table. However, the news isn’t all bad, as you may have a source of income sitting just outside your home.

A Car Title Loan Can Help

Do you own a vehicle? If so, you may have just found your ticket to some money.

A car title loan is a loan against your vehicle. If you own your vehicle outright – meaning that there are no payments left to be made – then a car title lender will probably work with you to offer the cash that you need.

How Much Cash Can I Get?

The amount of cash that you can get will be based on the value of your vehicle. The lender may consider factors such as the make, model, mileage, year and/or condition of the vehicle to determine it’s value. Then, the offer that they come up with will be based on a percentage of the vehicle’s value. In fact, at Car Cash Loans, they offer up to 50 percent of the vehicle’s value and may go even higher in some cases.

Is There a Minimum Loan That I Have to Take?

If you are just looking for enough money to keep food on the table until you find a new job or increase your income, you may want to avoid taking a loan for more than you need. Luckily, with a car title loan, you can often get just a few hundred dollars – enough to keep food on the table while not going overboard. At Car Cash Loans, you may get as little as $500.

Based on statistics from the Bureau of Labor Statistics, the average American household spends just under $70 per week on groceries. With a $500 title loan, you could buy over 7 weeks worth of groceries, giving you plenty of time to find a new job or build your income. Of course, you may be able to get more than $500, so there is the flexibility to borrow more money to meet your financial needs.

Will My Credit Be Checked?

If you’re having financial problems, you may also have credit problems. While that is never a fun situation, it won’t hurt you when trying to get a car title loan.

At Car Cash Loans, they’ll never check your credit. Instead, they’ll generally do a minimal income verification to make sure that you have the ability to repay the loan. That’s not so bad, as you probably want to be sure that you can repay the loan before taking it, as well. Also, your vehicle will act as collateral for your loan, so they don’t need to do a credit check.

How Long Will I Have to Wait?

If you cannot afford groceries, you may not have much time to wait. You’re probably thinking that you’ll have to wait days for a loan, as you would with many banks.

Luckily, you won’t have to wait forever for a car title loan. Car Cash Loans will generally have you in and out in around an hour. They usually won’t take up much of your day and you’ll typically walk out with the cash you need in a relatively short time frame. That doesn’t sound so bad, does it?

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Lending News Update: No Credit Check!!!

Lending News Update: No Credit Check!!!: Call me if you need quick cash  (951) 251-4663