Monthly Archives: December 2012

Getting The Most Out of Modern Auto Title Loans

  By Christian | December 30, 2012 - 2:41 am | loans, title loans
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A lot has been said about the dangers of car title loans. Over the last decade, the hidden charges attached to these loans has targeted ordinary people at a time when they needed financial aid the most. This has given them a black mark in the eyes of most people today. However, today’s auto title loans do away with all of the previous credit doom and gloom, and they typically provide substantially better interest rates than you would might expect from their closest competitors, payday loans.

Auto title loans are exactly what they advertise to be: loans that are secured to the title of a vehicle. The loan’s value is tied to the market value of the car, and the car becomes the guarantee for the loan. These loans now have fewer charges and are more affordable considering the term is set at 36 months, giving ordinary employees ample time to pay off the amount.

People interested in taking out one of these loans can rest assured that only institutions certified with auto title loans can give out funds like this. The biggest hurdle will be actually owning a car that is valued at $4,000 or more, the minimum requirement for this credit package. Because of the fewer charges, there are more paperwork needed as well such as proof of car ownership, proof of income, and the like.

Still, these requirements are reasonable compared to the loan amount that is being given away. When used responsibly, a car loan can be extremely useful for getting out of messy financial situations.

 

Planning The Family Finances With A New Baby

  By Christian | December 16, 2012 - 4:01 am | budgeting, family
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For a young family, there’s no greater joy than the arrival of a new baby. There’s also no greater expenses than a newborn. Often times, preparations for the new arrival can cost a family their entire income for a few months, and if the young one needs special care, finances can stretch thin quickly. Fortunately, the birth of the baby can be a good time to practice creative financing.

Preparations should begin well before the due date. This can be a good time to look for unused baby items from family and friends. Take note that baby items such as clothes and carriages will only be used for up to a year, so there’s no sense spending too much on items that won’t be useful for long.

These preparations should also take into account the child’s future many years from now. Think ahead to college as a penny saved here can grow to substantial proportions by the time the baby leaves the nest.

Even with all of these financial preparations, the couple must get used to the fact that they won’t have the disposable income that they’re used to. There will be times when the budget simply won’t allow for small luxuries. Still, the luxury of a newborn is priceless when compared to all of these material things.