Last updated 8 days ago
Your credit score is a simple three-digit number, but it is can have a major impact on your life. Credit scores were invented by lenders to identify high-risk and low-risk borrowers. The higher your credit score, the more likely you are to make your payments on time, and the lower your interest rates will be. To learn more about what your credit score means, as well as how you can improve your credit score, watch this video from Wall Street Survivor.
If you have unpaid credit cards or medical bills that are stacking up, an auto title loan could help you dig yourself out and start rebuilding your credit. AZ Auto Lenders provides auto title loans throughout the state, including northern cities such as Flagstaff, Prescott Valley, and Kingman. Visit our website to learn how our auto title loans work, or call us at (888) 707-3654 to find the AZ Auto Lenders location near you.
Last updated 11 days ago
The Truth in Lending Act (TILA) was designed to promote the informed use of consumer credit by requiring disclosures about its terms and costs. TILA also provides protections in the event that a consumer changes his or her mind about a credit transaction or is unable to repay the issued credit. Regulation Z of TILA also prohibits specific acts and practices in connection with credit secured by a consumer’s dwelling. If you need cash to pay your bills, read the following information to learn more about Regulation Z and why you should choose an auto title loan as opposed to a second mortgage.
Prohibitions Related to Mortgage Originator Compensation
Under Regulation Z, creditors are prohibited from paying compensation to a mortgage broken or any other loan originator that is based on a mortgage transaction’s terms or conditions. Regulation Z also prohibits any person from paying compensation to a loan originator for a particular transaction if the consumer pays the originator’s compensation directly.
Definition of “Loan Originators”
According to Regulation Z, loan originators include mortgage brokers who are either natural persons or mortgage broker companies. The term “loan originator” also includes employees of credits and employees of mortgage brokers that originate loans. So, according to Regulation Z, a bank’s loan office is considered a loan originator and is held to the same standards as a mortgage broker company.
Auto Title Loan vs. Home Equity Loan
Regulation Z is intended to protect consumers in the mortgage market from unfair practices involving unnecessary compensation or fees paid to loan originators. Unless you need a large loan to rebuild your home or acquire more land, an auto title loan may be a better option for short-term financial emergencies. A credit check is not required to obtain an auto title loan, and repayment options are very flexible.
If you need cash now, AZ Auto Lenders can help. We have been providing Arizona residents with fast auto title loans since 2002. With offices in Flagstaff, Prescott Valley, Kingman, and throughout the rest of the state, AZ Auto Lenders is your source for auto title loans. Call us at (888) 707-3654 to learn more.
Last updated 12 days ago
Do you have poor credit or no credit, but have found yourself in need of a little extra money? If so, you’re not alone. Recent economic troubles have left many Kingman, Phoenix, Cottonwood, and Flagstaff people in tough financial situations. That’s where collateral loans come in. If you own a car, you are probably eligible for an auto title loan. Unlike with traditional bank loans, auto title lenders do not run a credit check, so it’s okay if your record is somewhat tarnished. At AZ Auto Lenders in Kingman, Arizona, you could walk out with a check in as little as 30 minutes—and you still get to drive your car even after you have your money. Take a look at this infographic to see how auto title loans, a type of collateral loan, can benefit you. Please share this info with your friends and family!
Last updated 14 days ago
With so many cars on the market, how do you know which one is perfect for you? First, determine which type of vehicle best suits your lifestyle. If you have a large family, for example, you may need something that offers a lot of passenger room, like a minivan or full-size SUV. You should also make a list of the features that are most important, including fuel economy and safety ratings. Once you have narrowed down your list of possible candidates, test-drive multiple vehicles before picking the right one.
The right vehicle will provide years of enjoyment, and it can even help you out in a financial emergency. If you are at least 18 years old and have a clean auto title, AZ Auto Lenders can provide you with the funds you need in an emergency. We offer auto title loans throughout the state. We even have locations in Flagstaff, Kingman, and Prescott Valley. To learn how our auto title loans work, visit our website or call us at (888) 707-3654.
Last updated 17 days ago
How often do you think about your financial future? Are you on track to retire? Are you prepared in the event of a financial emergency? Are you constantly behind on your bills? If you want to improve your financial health, the best place to start is by saving. It can be daunting to put money aside from your paycheck each week, especially if you are trying to dig yourself out from credit card debt and student loans. While an auto title loan can help you take care of any immediate financial responsibilities, saving money is the long-term answer. Here are a few tips on saving money for your future.
Play the Percentages
If you listen to professional financial planners, they will tell you that the earlier you start saving, the more time your investments have to grow and mature. According to the experts at Charles Schwab, individuals who are in their 20s should be saving between 10 and 15 percent of their yearly income. That amount increases to between 15 and 25 percent for individuals in their 30s, and between 25 and 35 percent for those in their early 40s.
Out of Sight, Out of Mind
When it comes to saving money, the biggest obstacle to saving as much as you can is self-control. To help ease the anguish of putting away money that you could be spending, save any extra money you come across as soon as you acquire it. If you get a raise, put some of it, or all of it, into your 401(k) or savings account. By not seeing the money before it goes into savings, you will be less likely to draw from your savings account for unnecessary purchases.
Not everyone can save for a rainy day. Fortunately, AZ Auto Lenders is here to help you when skies are looking grey. We offer quick auto title loans throughout the state, including Flagstaff and Prescott Valley. Learn more about our auto title loans services by visiting our website. You can also begin your auto title loan application by calling us today at (888) 707-3654.