Posts tagged with "Corsicana"

Los Tipos Diferentes de Créditos Rápidos

Préstamo de Día de Pago

Esta clase de préstamo existe para los que tienen trabajo pero no tienen mucho guardado en ahorros, ni tampoco tienen crédito bueno. En este caso, una compañía financiera le puede dar crédito rápido en la forma de préstamo de día de pago, que en inglés se llama “payday loan.”

Con esta clase de préstamo, una persona toma prestada una cantidad de dinero en efectivo, generalmente de menos de mil dólares americanos. La persona usa esta cantidad para pagar gastos que quizás surgieron en una emergencia.

Cuando la persona recibe su próximo cheque de pago en el trabajo, entonces devuelve la cantidad prestada, en parte o en su totalidad. También tiene que pagar el interés y las tarifas. Por eso es importante siempre leer bien el contrato, así usted sabe cuándo tiene que devolver el dinero prestado, y cuánto hay que pagar en interés.

El préstamo de día de pago puede servir a los que tienen trabajo seguro y son suficientemente responsables para devolver la cantidad que se debe a tiempo.

Préstamo de Título

Esta clase de préstamo supone que la persona que busca dinero rápido para una emergencia tiene un coche o camión con título. El título del vehículo sirve como garantía que la persona va a devolver el préstamo en total y a tiempo.

Antes de conseguir este préstamo, que en inglés se llama “title loan,” la compañía financiera tiene que averiguar algunas cosas. Por ejemplo, la persona que busca el préstamo tiene que ser el dueño o la dueña del coche o del camión. Además, la licencia de conducir debe ser actual y no suspendida.

Ya cuando uno califique para el préstamo de título, puede tomar prestado una cantidad de hasta cinco mil dólares americanos, por lo general. Lo bueno de este préstamo es que el título es lo que sirve como garantía, así que usted no tiene que dejar su coche. Puede seguir usándolo para el trabajo, la escuela, o de cualquier manera que lo necesite.

Cuando usted devuelve el dinero prestado, más el interés y las tarifas, entonces la compañía le devuelve a usted su título.

Otros Préstamos Rápidos

Algunos bancos y uniones de crédito a veces le pueden dar préstamos rápidos, pero si usted tiene mal crédito, será muy difícil conseguir estos préstamos. Si su crédito está bueno, entonces posiblemente puede obtener un préstamo personal de una institución financiera. Los préstamos personales del banco también tienen interés y tarifas que hay que pagar. Siempre es importante averiguar todo antes de firmar el contrato.

Llame A Your Loan Depot Hoy

Si usted necesita dinero urgente, llame a Your Loan Depot hoy. Tenemos varias oficinas en Texas para servirle, incluso en Corsicana, Stephenville, y Mansfield. Si usted califica, le podemos dar un préstamo de día de pago, o un préstamo de título. Nuestros representantes le pueden explicar bien como trabajan esto préstamos rápidos.

Así que si se encuentra tratando de pagar los gastos de una emergencia, pero no puede conseguir crédito rápido por el banco, venga a Your Loan Depot en Texas. Queremos ayudarle. ¡Aplique hoy!

How Is Your Credit Score Calculated?

Your credit score reflects the health of your credit history, with a higher number being better. Anything above 700 is good. If your score is below 580, many lending companies will not give you a loan. Before you can improve your score, you need to have a better idea of how it’s calculated.

Primary Considerations That Go Into Your Score

The first thing you need to know is that there are three major bureaus that calculate your credit score. They are Equifax, TransUnion, and Experian. Don’t be surprised to find that each of these companies has calculated a different score for you; that’s because each company uses its own model for determining your score. But there are several key components that go in regardless of the model used, components that you actually have a great deal of control over.

The main considerations are:

  • Credit Card Accounts: How many different credit card accounts do you have? Don’t just consider your main cards, like Discover or Visa. Factor in all the store credit cards you’ve acquired as well. When it comes to your credit score, having too many cards can be harmful.
  • Current Loans: Do you have many loans that will take a long time to pay back? If you have mortgages, student loans, car loans, and others, you’ll want to try to pay at least some of them down significantly to improve your credit score.
  • Payment History: Do youmake your payments on time? If you’ve never missed a payment, your score is likely pretty good.

 

Some Additional Important Factors

Another consideration is the length of your credit history. If you’ve just opened your first credit card account, you won’t have much of a credit history yet. But don’t worry — in a few months or so, your history will build and your score will reflect your credit picture more accurately.

Another factor that affects your score is whether or not your credit cards are maxed out. Lenders want to see that you are able to pay your balances, at least the minimum that’s due each month. Also, if too many different agencies are inquiring about your credit all at once, your score can go down, at least temporarily.

What Can Hurt Your Credit Score

Of course, missing payments is a biggie. Late payments stay on your credit reports for years. Also, watch the spending and repayment habits of anyone who shares your account, such as a spouse. If they’re handling their credit cards irresponsibly, their scores will drop — and so will yours.

Read our previous post, What Hurts Your Credit Score, to find out what else can cause your score to drop.

Ways To Boost Your Score

You’ll be happy to know that there are many ways to increase your credit score. We can’t stress this enough: pay as much of your balance as you can every month, and make sure that all of your payments are received on time. Start to do this consistently, and watch your score improve steadily.

Another way to boost your score is to curb your spending to give you a chance to catch up with payments and reduce your balance. In addition, stop applying for every credit card offer that comes your way; each new credit card application brings your score down.

When You Need Money Fast

When you need cash quickly, such as for an emergency, but your credit score is keeping banks from lending you money, consider a payday loan. This type of loan is considered short-term, and it’s designed to get you through unforeseen circumstances until your next paycheck comes in.

Payday Loans In Texas

At Your Loan Depot, we specialize in fast-cash loans that help people with good credit, bad credit, and everything in between access funds quickly for emergencies and unexpected expenses. Our payday loans and title loans can be just what you need to pay for an emergency now, which can be a big help in between paychecks.

Fill out our payday loan application online to get started. If you have any questions, give us a call. The courteous representatives at Your Loan Depot will answer your questions and explain any terms you may not understand. We are here to help you through whatever financial emergencies you may encounter. We have several payday loan locations throughout Texas to serve you, including our offices in Stephenville, Corsica, Mansfield, and Houston. Get in touch with us today!

Most Americans Don’t Have The Savings To Cover An Emergency — Do You?

The Unexpected Emergencies In Life

Emergencies come up when we least expect them and they can take many different forms. They include sudden illnesses that requires immediate medical attention, or we may incur high costs associated with a trip to the emergency room and overnight stays at a hospital to care for injuries following an accident.

An unexpected emergency can be the heat suddenly going off on the coldest day of the year on the weekend when most HVAC businesses are closed. The charges for a specialist coming in on a Sunday afternoon on short notice to get your heating system working again will add up quickly.

There are many other possible emergencies we can experience, and sometimes we may even go through multiple emergencies in a single month, depleting our savings and setting us back financially.

The Money In Your Savings Account May Not Be Enough

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Medical bills can easily run into the thousands of dollars, exceeding what many Americans have at any given time in their savings accounts. According to a recent story in MarketWatch, most Americans don’t even have $1,000 in savings. In fact, about 62% of Americans have less than this amount in their savings account.

If you don’t have health insurance, a medical emergency can cost you way more than what you have in savings. Even if you do have adequate health insurance, your out-of-pocket expenses may still exceed what you have saved up.

Other emergencies can drain your savings too. If your car engine suddenly dies, auto mechanic repair costs can easily run into the thousands of dollars. A new water heater can cost over $900. If at the same time that you need that new water heater, your child suddenly develops a painful toothache and requires emergency dental services, your unexpected expenses for the month can quickly rise above your current savings.

When You Need Money Fast

There may be few options for you when you need money fast and you don’t have enough savings to cover your unexpected expenses. You can pay with a credit card, but your interest rate may be very high, or your limit may prevent you from covering the entire cost. And if you have bad credit, you may not even be able to use a credit card when you need it the most.

You can borrow from family members, but they may be experiencing their own financial hardships. Besides, borrowing from family can sometimes lead to strained relationships and other issues that you’ll want to avoid.

Another option is to take out a loan. At Your Loan Depot, we have programs in place to help you get the cash you need fast to pay for unforeseen expenses. We specialize in payday loans and title loans that can get cash into your hands quickly to cover emergencies.

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Fast-Cash Loans In Texas

If you live in Texas, you’re in luck — Your Loan Depot has several locations to serve you. Get in touch with the office nearest you, whether it’s in Mansfield, Corsicana, Houston, Stephenville, or any other one of our convenient locations. Our fast-cash loans for Texas residents are easy to qualify for, and our knowledgeable staff is ready to answer whatever questions you may have. Apply today!

Do You Qualify For A Title Loan?

What Are Title Loans?

A vehicle title loan lets you use your car or other big-ticket item, such as your motor home, as collateral to help you secure the loan. Alternately, you can use your truck; title loan companies accept a wide range of vehicles as collateral, from what you use to get to work each day to what you use on your time off for recreational purposes. In other words, you’re using something of value that you own to insure your loan. With auto title loans, you’re free to keep using your vehicle as long as you’re paying back the loan on time and you do not default.

Auto title loans are typically short-term loans. The amount you borrow has to be paid back within a relatively short period of time, usually within a year, and in some cases, as quickly as within 30 days. These types of loans tend to be used for emergencies, when you need funds quickly but you’re able to repay the full amount in the not-too-distant future.

How They Work

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You present the title of your vehicle to the lender, who holds it as a form of insurance until you finish paying back your loan. Once your loan is paid back in full and all the terms are met, your obligation to the lending company is fulfilled, and your title is returned to you.

It’s very important that you make your payments on time and closely follow the terms of your loan. If you fail to meet your obligations, the lending company will not return your vehicle title. In fact, after a period of non-payment on your part, the lender can take your vehicle and sell it to pay the balance of your debt and recover any losses. So, make sure to pay your monthly installments on time to avoid losing your car or other vehicle. As long as you’re fulfilling your end of the deal, the car is yours to use throughout the duration of the loan, and the title will be returned to you once you’ve repaid the loan amount, interest accrued, and any associated fees in full.

You can read more about how title loans work in our previously published post on this subject.

Do You Qualify?

In order to qualify for a title loan, the vehicle you’re planning to use as collateral has to be in your name and it must be free of any liens. Title loan companies would also like to see proof of monthly income to show that you’ll be able to pay back the loan within the agreed-upon terms. You’ll likely need to supply references who can attest to your character and ability to repay.

Other criteria varies from one state to the next, so your best bet is to contact Your Loan Depot to ask about the requirements here in Texas. What’s more, laws change periodically, possibly affecting whether or not you qualify, so check with us if you’re not sure.

During your application process, you’ll need to provide certain documents, including a valid government-issued I.D., your vehicle title, proof of residency, and recent pay stubs.

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How Much Money Can You Borrow?

In large part, this depends on the value of the vehicle you’re using as collateral. The more that your car, truck, or other vehicle is worth, the more money that you can borrow.

Other factors come into play, including your monthly income, to determine a cap on how much you can borrow based on your perceived ability to repay on time. Many applicants qualify for up to $5,000, although they may only need to borrow a fraction of this amount to meet their current financial needs. Since this is a short-term loan, it’s best to borrow only the amount you really need to avoid any hardships in paying it back.

Fill Out Your Title Loan Application

If you’re ready to apply for car title loans online, then take a few minutes to fill out our convenient application.

Your Loan Depot also has other fast-cash loans you may be interested in. We have offices throughout Texas, including Mansfield, Corsicana, and Stephenville. Once you qualify for a loan with us, we’ll let you know what documents you need to provide to complete the process. If you need money fast, don’t delay — apply today!

Your Step-by-step Guide to Getting Out of Debt

Take A Good Look At Your Finances

The first step is to assess your financial situation to see exactly where you are. Tally up everything, including how much you have in assets and savings, and how much you owe. This is your launching point, showing you what you have to work with, and what you need to pay down first.

Step 1: Add Up Your Total Debt

As part of your financial picture, make a list of all of your loans and other forms of debt. A spreadsheet is helpful for this step, but even creating a handwritten list is useful. On your list or spreadsheet, include the name of each institution, the amount of money owed, and the interest rate for each loan.

Step 2: Put Money Aside Every Month

Each time you get paid, put money aside. Create a savings account for the sole purpose of paying down loans. Use this account to make payments on what you owe, thus bringing down your balances. Make it a habit to pay down debt every month, even if it’s a small amount. This habit will serve you well your whole life.

Step 3: Pay Down Your Debt At Least Once A Month

While monthly payments are a must, you can make payments twice a month, or even weekly, to get out of debt more quickly. The more you get into the practice of paying back what you borrow, the faster you’ll get out of debt, and the better position you’ll be in for the next time you need a loan, whether for home remodeling, paying for school, getting a car, taking care of emergencies, or any other reason.

Step 4: Curb Spending

Take a close look at the money you spend. Before taking out your wallet and grabbing your credit card to make a purchase, ask yourself, “Do I really need this?” Chances are, you don’t. Save your money instead of spending it. You’ll have more available to pay down your debts.

Step 5: Look For Bargains

When you absolutely must purchase something, such as a new pair of shoes for work because your current ones have worn through, or a new water heater because your old one has stopped working, look for deals. Price around, find the sales, and use coupons. It never hurts to ask for a discount; the worst that can happen is you’ll get a “no,” but you may be in for a pleasant surprise when the vendor is willing to offer you ten, fifteen, or even twenty percent (or more) off on your purchase or on services rendered.

Step 6: Sell What You No Longer Need

There’s a good chance that, over the years, you’ve accumulated items you no longer need. If possible, scale down and sell your extras. If you have three cars, consider selling one that barely gets used. If you have expensive gym equipment or electronics you hardly use, think about selling. Then apply what you get from selling your wares to paying down your loans.

Step 7: Adopt Frugality For Life

Now that you’ve gotten into the habit of saving more, spending less, and paying down debt, keep going. This is a habit that will serve you well for life. Living more frugally will help your financial picture and put your mind at ease.

When You Need A Loan

As you pay down your loans and work your way to getting out of debt, there may be times when you urgently need money to pay for an unforeseen expense. Maybe you need to cover out-of-pocket expenses related to an emergency medical procedure for a loved one, or you find yourself having to pay for training that will make you more marketable. A short-term loan can help you pay for unexpected expenses even as you continue to pay off your overall debt.

Look to Your Loan Depot when you need cash quickly but don’t want to take out a huge loan. We have offices in Stephenville, Corsicana, Mansfield, and several other payday loan locations throughout Texas to serve you. Start by filling out our payday loan application to see how much you qualify for. Be sure to keep following the steps outlined above to get yourself out of debt, but rest assured that you can turn to Your Loan Depot when you need a short-term loan for unexpected expenses.