Family Title Loans (FTL), a financial aid provider that helps people get the cash they need using their vehicles as collateral, is looking to help people improve their credit scores by sharing a list of financial tips and tricks. Good credit is the key to many financial resources, especially given that it offers access to credit cards and financial assistance and the fact that banks are far more willing to help someone with good credit than someone with bad credit. A list of locations served by FTL can be found at https://familytitleloans.org/locations/.
If one’s credit score is lower than they might like, there are steps they can take to raise it. Depending on what the cause of their low score is, it is possible to improve a low score relatively quickly by simply making the right financial decisions. The first step is to try and make frequent, small payments. These are sometimes referred to as micropayments and can help keep one’s credit balances down. Making multiple payments works on a credit factor called credit utilization, which can affect one’s score quite a bit if one manages to keep their utilization low instead of allowing it to build up during the month.
Higher credit limits can also help. When one’s credit limit goes up and their balance remains the same, it lowers their overall credit utilization. Another step one can take is to dispute credit report errors. Mistakes on one’s credit reports can affect their credit score negatively. The three major credit bureaus, Equifax, Experian and TransUnion all offer free reports every 12 months.
Having a relative or friend with a long record of responsible credit card use and a high credit limit add one to their card as an authorized user can help improve one’s credit score. This is especially useful for people who have little recent credit experience. It gives one a longer credit history and lowers credit utilization. Keeping credit cards open even if one does not use them is also a good way to improve one’s credit score.
There are many other ways to improve one’s credit, but emergencies can still come up while one is trying to improve their score. Bad credit can make it nearly impossible to get financial aid at a bank, but companies like Family Title Loans can help even if one has bad credit. “In times of financial uncertainty, you might find yourself facing a cash shortage and needing money,” the company says. “This is where using your car to get financial assistance can be very useful for you if certain conditions are met. In the state of California, the minimum amount for financial assistance using a high mileage car title is $2,510. However, some lenders have low vehicle value programs. A vehicle collateral cash advance is used to borrow against the equity in your car, pickup truck, SUV, minivan or other vehicle. In most cases, you need to have a clear title with no liens on it and have less than 200,000 miles on the odometer.” Visit https://familytitleloans.org for more.
A number of customers have left excellent reviews of the company online. One review on Family Title Loans’ website, from a client named Tamika, says, “I had to pay my property taxes and couldn’t get a personal loan from the bank, so I found Family Title Loans online and they were able to get me approved fast for a car title cash advance on my Toyota Camry. Thanks, Family Title Loans!”
Another client, Arin, says, “My friends had told me about Family Title Loans services, and when I was short on cash, I thought I would give it a chance. I was glad I did, as one of their licensed vendors got me the money I need the same day!”
For more on Family Title Loans and how they help vehicle owners get their hands on cash in emergencies, visit the following link: https://trello.com/b/QLOEPkiR/family-title-loans. FTL is committed to helping people find the cash they need when they need it, and anyone with a car title is encouraged to apply if necessary.
SOURCE: Press Advantage [Link]
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