Title car loans-convenient or not

@kevinll (967)
China
July 5, 2010 12:25am CST
Recently I hear of being an owner of car can help you in getting cash for meeting the urgent and unexpected needs. The car should have to be on your name and then you can easily take loan against it. So know whether it is about meeting your personal demands or planning for some other expense, you can easily take title car loans and meet your demands. You can apply for these loans by just filling up a simple application form and submitting the required documents asked by the lenders. The money is credited directly to your account and that too within a short span of time. I didn't think of it before, so if I can get more loan by this way it will be convenient for me. However I don't whether it is convenient as they said?
2 responses
• India
5 Jul 10
many loan format easy,but carefully read the all term and conditions before the signed.loan is helpful to buy more things.
@melmabb (579)
• Philippines
5 Jul 10
Well, hi i'm melmabb,taking a loan using a Car or in our term here in the Philippines Car-llateral or Collateral, is just like Pawning a jewelry in a Pawnshop...The lenders make sure that the Papers or documents of the Car is in your name,its Fully paid and has clean titles...To me if all the papers are clean then it is convenient..Why do we take a loan?Because we need it right!so convenient or not sometimes we grab the loan,but always make sure that your ability to pay is check by the Lenders..also take note of the interest and terms...Convenient yes, as long as you need the Money and the Lenders are legal too, inconvenient if the Money you are borrowing is just spent in useless things!!!Thanks...