Risky Options Other Than Sarnia Car Title Loans - Instant Loans Canada

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Risky Options Other Than Sarnia Car Title Loans

Apr 03, 2013

Sarnia car title loans have been the constant resort of people who have emergency cash problems yet don’t have spare money. Since car title loans cater those with bad credit or even those with no credit, they have been preferred by many when it comes to financial troubles. Aside from this, car title loans are very easy and fast to secure. As long as you have a clean title of your vehicle, you can have a car title loan approved within 24 hours and borrow cash as much as $25,000.

But to those who don’t own a vehicle, there are other solutions. However, there is a disadvantage to each of these alternatives to car title loans. The greatest con is that they are riskier. Some of these alternatives are enumerated below:

sarnia-car-title-loans-alternativesGarage Sale. Sometimes we tend to hoard too much stuff in our house up to the point wherein we no longer use the things that we buy. The quickest solution to this and also to gain extra cash for emergency is through a garage sale. You can sell as much assets as you want to. Garage sale is a risky option other than Sarnia car title loans because you can potentially end losing more properties as you try to meet the amount of the cash that you need.

Ask A Friend. Friends are there for a reason and one is that you can count on them when it comes to money problems. This is one of the other alternatives to Sarnia car title loans. When you have to pay off an emergency finance, borrowing cash from a friend can be a solution. The problem with this though is that you run the risk of destroying relationship. The moment you fail to pay your debt from your friend, you end up to a non-speaking relationship with him or her. Not only that, you certainly will face lots of awkward get-togethers in the future.

Payday Loans. Just like car title loans, payday loans also don’t have credit check requirements. This means only one thing. Having a poor credit rating or having no credit at all is not a hindrance to securing a payday loan just like car title loans. However, with payday loans you run the risk of being in contact with collections agency if ever you default on your payment.

Pawn Shop. Just like car title loans, in a pawn shop you have to make something of value as collateral for cash. The problem with pawn shops is that you can hardly borrow a big amount because the value of the loan will depend only on the valuable that you pawned. The risk is defaulting in payment can lead you to losing the thing pawned. In addition, losing the thing pawned cannot even clear of your entire loan. Thus, you still need to pay off the remaining balance.

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Rather than falling into much riskier outcomes, use Sarnia car title loans for emergency cash problems instead. They offer lesser risks and more benefits compared to the above-mentioned risky alternatives.