A feature from “The Guardian” looks in depth on cashpoint title loans. These are loans that are secured by your car
Cashpoint Title Loans: Pros and Cons If you’re in the market for a quick and easy way to get money, cashpoint title loans may be just what you’re looking for. There are definitely some pros to this type of loan, but there are also some cons to be aware of before you take the plunge. First and foremost, cashpoint title loans are incredibly quick and easy to get—you can usually get them within a few minutes of applying. This is terrific if you need money right away, and it’s also great if you have time to spare but don’t want to hassle with getting a loan from a bank. In fact, many people use cashpoint title loans as their main form of credit. However, there are some potential drawbacks to this kind of loan. For one thing, interest rates on cashpoint title loans can be pretty high. Plus, if you don’t pay back your loan on time, you could end up with a heavy penalty. Finally, these loans are also not necessarily safe—if you lose your job or money problems arise elsewhere in your life, you may not be able to keep up with the payments on your payday loan and might find yourself in trouble.
Cashpoint Title Loans: A Necessity for Many If you’re like many people, you may have at one time or another needed a cash advance. Cashpoint title loans can be an affordable and convenient solution for those times. Title loans are short-term loans that you get from a lending institution called a cash point. The interest rate on these loans is typically quite high, but the convenience of being able to borrow money from a nearby ATM makes them very popular. The interest rates on cash point title loans vary depending on the lender and the location of the cash point, but they are usually around 25%. This means that, on average, you will pay around $75 per month in interest. Although title loans have high interest rates, they are still a preferable option to borrowing from a traditional bank. In addition, since you don’t need to provide any collateral in order to get a title loan, this type of loan is perfect for people who may have trouble getting approved for other kinds of loans. Whether you’re in need of quick cash or just need an extra financial cushion, cash point title loans can be a great solution. Talk to your local credit union or banking
Cash point title loans (CPTLs) are becoming increasingly popular among borrowing consumers, with lenders predicting that the market will grow by a further 10% next year. Typically, CPTLs involve people borrowing against their property – in this instance, their home – to access a large sum of cash. This type of borrowing is often used in a pinch, as it offers borrowers a quick and easy way to get the cash they need without having to take out a conventional loan or sell their property. Lenders of CPTLs typically charge high interest rates – up to 400% – which can make the loans very expensive for borrowers. However, these high interest rates also make CPTLs an attractive option for lenders, as they generate high returns on investment. There are a number of reasons why lenders are predicting that the CPTL market will continue to grow in 2018. Firstly, there are now more available products available than ever before, meaning that borrowers have more options when it comes to accessing cash. Secondly, lending institutions are increasingly looking at CPTLs as an alternative source of funding for businesses and entrepreneurs – as opposed to traditional loan products such as mortgages and