Car Title: Let’s face it – getting a college education is expensive for many people. While it would be nice if everyone could hit the lottery and pay for it easily, that’s not how the world works.
According to the National Center for Education Statistics, the average annual cost of tuition, room and board for a college student is $17,633. If you are a full-time college student, you probably don’t earn that much in an entire year. You probably have several other expenses to cover, as well, which may make it tough to keep yourself in school.
To make matters worse, you probably have little to no credit if you are in college. This could make obtaining a traditional difficult or even impossible. Even with grants and education, it may be tough to make ends meet.
What options do you have?
Consider a Car Title
You may have heard of car title on television. They are also called u-drive , pink slip or title . The commercials may be funny, but a title can help you get through a serious financial matter.
A car title is a that is given based on the value of your vehicle. Even though you are in college and may not have a lot of money, you may own a vehicle. If this is the case, you may be able to get car title based on it.
How it Works
To obtain a car title online, you can take your vehicle’s title and a few other relevant documents and items to a car title lender. The lender will assess your vehicle’s value and may offer a based on it. Some lenders will offer up to 50 percent of the value.
Car title lenders often offer without running a credit check. This is key, as your credit history won’t be of concern in many cases.
Also, note that are usually processed much more quickly than traditional . Car title are typically processed on the same day that they are applied for, meaning that you could walk out with cash in a relatively short timeframe. This could be important when it comes time to purchase books or to pay an urgent tuition bill.
You’ll typically have to provide some minimal income verification. This may include a pay stub from a part-time job or another verifiable source of income.
How Will I Get Around?
Most car title lenders require the borrower to hand over the title, not the vehicle. This means that you’ll probably hold on to your vehicle for the duration of the .
In this case, the only way that your vehicle will leave your possession is if you do not repay the properly. This happens 4 to 8 percent of the time, so the odds are very high that you’ll avoid this situation. Still, it is important to borrow just enough to cover your expenses and make sure that you can pay it back on time.
Conclusion
College education may be overpriced these days, but it is a reality that you’ll have to deal with if you hope to get a college degree. With this in mind, consider a car title as one of your borrowing options, especially if you are new and you have a bad credit / no credit score. You can visit Snap Car Cash for car title in Ontario and avail their services.