A Phoenix vehicle title loan can be a real lifesaver in tight circumstances, no question. However, vehicle titles loans are meant to be life savers, emergency fallback plans, not alternative sources of income. No matter how easy these loans are to get, they should be last resorts, not the first option when you need cash. Why are we telling you this? Because our business is built on good relationships with our customers, and we wouldn’t be honest if we tried to convince you that we are the first, best option for a loan.
When you need a loan, you should consider all your options before choosing a Phoenix vehicle title loan. What other options do you have? Search online and you will see a host of good ideas. We will discuss a few here, but take your time to learn all of your options and then you choose the perfect fit for your circumstance.
The first and best way to handle a cash emergency is to have an emergency fund you can draw from when you need extra funds. If you can discipline yourself to have just a fewer luxury coffees and pizza nights, you can save 5-10% of your income each month for emergencies, something we all have.
If you don’t have the emergency fund or you used it already and now have another crisis, try family first. Borrowing from family is never comfortable, but the terms are usually easy, and you don’t need paperwork or a credit check.
Your next best bet is looking at what you don’t need. Could you get the cash you need from selling that mountain bike you never use? Be creative and see what your options are in this area.
If those avenues don’t yield the monetary results you need, we might just be the best choice for you. If a Phoenix vehicle title loan is your best option, we are really good at helping you get you the cash you need to tide you over the rough patch.