Planning out the responsibility of getting an auto title loan is a vital process in getting a car title loan. By making sure you can repay the loan on time, you will minimize any financial problems you may cause for yourself!
The BIGGEST Step in Your Planning is THE BUDGET
- Find out how much you qualify for with our car title loans.
- Add the payment into your personal budget.
- You should also plan out how much you want to pay per month towards the loan, and how long it will take.
Here is a Guide to Planning A Personal Budget
Example:
Say you want to borrow $5,000 for 30 days. The monthly fee is 5%. $5,000 x 5% = $250. The amount you owe after 30 days: $5,250.
Now if you want to pay back the whole loan after 1 month (You have up to 36), make sure you add the amount you want to pay into your budget!
Some other things to think about when planning your budget
- Any additional expenses over the next few months.
- How long you want to keep your loan
