Car title loans to cover debt
Come see us at American Title Loans with many service centers and locations throughout Arizona. We are happy to assist you with a short term auto equity loan which will help you to consolidate your debt. When you are able to consolidate your debt, you can sleep better at night knowing that you have one and only one payment to make each month. According to reports from the Federal Reserve, the average citizen of the United States owes high interest rates from not only credit cards but also from student loans as well. Also, per the Federal Reserve, Americans are expected to owe $1.4 trillion in student loan debt and close to $900 million in revolving debt, which is mostly credit card debt.
When you understand that we have these types of debt, it becomes apparent that debt consolidation is a great choice to simplify your debt. Come into American Title Loans of Chicago and we will quote you a loan amount based on your vehicle and mileage. You can use this loan amount to pay off existing debt you may have. Once you have paid off all or most of your existing debt, this will make it easy for you as you will have only one monthly payment to make. Also, because you are using your paid off vehicle as a secured loan, the interest rates are typically lower than on interest rates of unsecured loans.
Use A Vehicle Equity Loan To Make A Large Purchase
There are small purchases, medium type purchases, and then there are large purchases. If you have ever bought a house or a computer or even travelled on vacation, then you know exactly what I am talking about when I say “Large Purchase”. Usually what prevents us from making the large purchase we desire is the challenge of coming up with the entire lump sum all at once.
Let’s say you have always wanted to take your family to Orlando for quite some time now. The challenge is saving up the cash that you will need for airfare, hotel, and entertainment. It can take several years to save up this kind of cash and then by that time, your kids will have become grown ups and likely “too old” for Disney World. Making this large purchase then becomes less stressful because you can tap into the equity in your vehicle and secure a loan that you can use to travel or buy a house or any other large expense that you have been putting off. The best part is you can still drive your car or truck while making payments and paying off your loan.
Call American Title Loans of Chicago
We have many service centers located in convenient locations throughout the Chicago and surrounding areas such as Melrose, Elmhurst, and Park Ridge. Apply online or give us a call for a free quote.
It takes just a few minutes to be provided a quote, over the phone or online, and then you simply need to complete some paperwork and provide proof of insurance on your vehicle. We will have a check in your hand in less than an hour in most cases. Give us a call or apply online today.