I have run really low on my cash. Is a car title loan a really bad idea? I'll have a cash flowing bank account the first of Oct. but thats not helping me now. The only asset I have is my vehical. Please advise.
2006-08-23 03:54:35 · 15 answers · asked by shugabam! 2 in Business & Finance ➔ Personal Finance
Not meaning to be rude, but quite serious. Best bet is to find a job. You can try to offer a service to someone, something you're good at like tutoring or typing if you're having trouble finding paid employment till Oct. 1. Loans will only cost you more unless the loan is such a great amount that you have a long time to pay it off that is. Like in the thousands. But no, I wouldn't get a loan otherwise. Just try to do whatever you might be good at to earn the quick cash, even collecting cans could help. I see a guy who does that on our street all the time, he goes up and down the state route too. You never know...you might meet someone in this low point of your life who could direct you to something better. Will be praying for you. Good luck.
2006-08-23 10:59:21 · answer #1 · answered by *babydoll* 6 · 0⤊ 1⤋
Is your cash flowing bank account going to be long term? If so go aheasd with the loan if your unstable then I would borrow from a family member interest free that you can pay back at your own pace.
2006-08-23 10:56:56 · answer #2 · answered by Anonymous · 2⤊ 0⤋
Don't do it, your cash flow is not affected by loans it is affected by the financial actions that you take on. So borrowing is not a way to solving your problem. Budgeting and developing a financial game plan is what you need.
2006-08-23 10:57:22 · answer #3 · answered by Calvin the Bold 3 · 2⤊ 0⤋
Car title loans are a horrible idea. You'll be in much worse shape, if you don't lose your car.
Instead, try having a garage sale, babysit, list some items on ebay/craigslist... ANYTHING, other than a loan.
2006-08-23 11:00:50 · answer #4 · answered by paj 5 · 1⤊ 0⤋
Use your vehicle to make monet by delivering newspapers, or pizza.
DO NOT USE title loans, check into cash or any other "corner store" payday loans or you'll be paying for the rest of your life.
The interst rates are RIDICULOUS (almost loan shark rates) and it only creates another bill you'll have to pay.
2006-08-23 11:03:56 · answer #5 · answered by Anonymous · 1⤊ 0⤋
Get a quick job at a restaurant .. easy money!
or sell stuff on ebay or craigslist that you don't need anymore ... or have a garage sale this weekend .. recycle cans for a few bucks
Just some random ideas
2006-08-23 10:57:39 · answer #6 · answered by K.rae 2 · 2⤊ 0⤋
Go to the loans and pay back later
2006-08-23 10:56:32 · answer #7 · answered by Quinn N 2 · 0⤊ 0⤋
go on the computer and go to yahoo or whatever and pull up some information about what you can do to earn some big cash
2006-08-23 11:02:32 · answer #8 · answered by lil d 1 · 0⤊ 0⤋
car title loan, no , bad idea..the interest is HIGH
2006-08-23 10:55:48 · answer #9 · answered by pitbullcopper2004 5 · 1⤊ 0⤋
Strip at a club $1200.00 per day and a non stop party.
2006-08-23 10:59:32 · answer #10 · answered by Anonymous · 0⤊ 2⤋