Car Maintenance

5 Steps to Keeping Your Car in Good Condition

Car maintenance is portrayed as being a simple process. Countless advertisements make it seem as though simply pouring some liquid into it will make your car a hyper-efficient, ageless machine. While the process of keeping your car in a good working condition doesn’t have to be a backbreaking task, it is a relatively modest activity to perform the required maintenance and care to make sure your car lives as long as possible. The value of your vehicle is a hidden source of potential, especially when seeking a title loan, where the value and condition of your vehicle are directly related to how much and how quickly you are able to receive the money you need.

Cars that last for hundreds of thousands of miles are usually so long lasting because of how well their owners care for them. Replacing normal wear-and-tear issues that cars face can drastically improve the life of your vehicle. In the end, taking good care of your vehicle is the difference between having a high performance, reliable vehicle, and a rusty beat up junker. It can also be the difference between keeping your vehicle in the family for years to come, and saying goodbye to the family car years before its time was up.

Check Your Vehicle’s Fluids and Tire Pressure: This is a task that will require very very little of you. To check the oil, simply open the hood (make sure your car’s cooled down first though!) and pull out the oil dipstick. Wipe it clean with a rag, and then reinsert it. Pulling it out again, check the level of your oil tank. Engine oil is arguably the most important fluid in your vehicle. While you’re there, check the brake cylinder reservoir and the radiator overflow reservoir levels, and give a look at the hoses and belts to make sure you’ve got no signs of wear or at least impending failure. It’s also a good idea to look at the air cleaner, and transmission fluid level after warming up the car. To check the tire pressure, use a pressure gauge on cool tires to make sure each has a passable PSI reading (an exact measurement can be found in the owner’s manual). In earnest, these checks should be done at least every two weeks, but if it’s a month between your examinations, don’t stress.

Take it Easy on Your Vehicle: In about 5 hours, your vehicle’s engine has cooled off to the point of having no oil lubricating it’s many moving parts. Within a few seconds of startup, however, the oil pump will have properly lubricated the engine. Give your engine a good 30 seconds to prepare for your cruise, and your engine will thank you.

Follow the Vehicle Service Schedule: The manufacturer of your vehicle will provide a recommended schedule for performing maintenance and seeking professional advice on your vehicle. With the advent of automatic monitoring systems in some newer models, there’s no excuse for improper maintenance.

Listen for Odd Noises: Now and again, it’s good to turn down the radio, both when idle and when in motion. Any clicks, squeals, scraping or grinding should be carefully inspected. The first place to check is usually the breaks, or else the tires. Any odd noises you are unable to pinpoint should be brought to the attention of a mechanic immediately.

Drive Carefully: This is one of the most important tips to keeping your vehicle up and running as long as possible. Constantly flooring it and slamming on the brakes will make all of the normal wear and tear on your vehicle happen exponentially faster. It also helps with fuel economy. Of the conscious things you can do to improve your vehicle’s life is to take it easy.

Credit report with score on a desk

Improving a bad credit score with a car title loan

Your credit score is the primary qualification that most banks and other financial institutions are taking into consideration before you will be approved for financing. It is important to ensure your score is at least 670 for most lenders to consider you qualified for the best loan offers. Your payment history and utilization ratio or the ratio of your balance to your credit limit are the two primary determinants of your credit score.

Other factors being considered are:

  • The length of your credit history
  • New application for a line of credit
  • Types of credits you have

By knowing what factors affect your credit score, it will be easier for you to find ways to pull it up.

Getting Bad Credit

It will take you years to establish a solid credit record, but it will only take a few months for it to be destroyed. Late payments and huge unpaid debts significantly decrease your score. Once your score drops to 580, a majority of the lenders will refuse to extend financing to you. If your score will further shrink to 579 and below, lenders will view you as a risky borrower and will decline to extend loans. The rejection of every loan request will continue until you can pull up your credit score again.

Car Title Loan

Car title loan holds the distinction as one of the few short-term financing options that don’t run credit checks for approval. We look at the assessed value of your car in determining the maximum amount that you are eligible for. Using the title of your vehicle as collateral, you can instantly get the cash you need for expenditures. Another great feature of car title loans is that it offers flexible repayment options. Everyone who avails a car title loan can expect affordable monthly payments and interest rates.

Can Title Loans Pull up your Credit Score?

There’s no doubt that car title loans can provide you the cash you need in an efficient and quick process.

Here’s how:

1. The number of new line of credits that you are trying to apply for affects your credit standing. Since no credit checks will be done when applying for a car title loan, it will not be counted as another application attempt causing no harm to your credit ratings

2. Car title loan offers generous loan amounts especially if your vehicle is relatively new and almost paid off. You can use the cash to start paying your past due bills and other loans with higher interests. Once you can pay your balances, you can lower utilization rate. Lower utilization rates will result in an increase in your credit ratings.

If your credit score is better left unnoticed and your goal is to improve it, then consider applying for a car title loan today. Title loans can help you pay off some debts which can lead to an improvement in your credit score. Contact us today to know more about affordable car title loans in your area.

title-loan-laws

Alabama Title Loan Laws and Pawn Shop Act

The basics to understanding title loan laws in Alabama are easier than you might think. The more you know about your Alabama title loan, the smarter and safer you make yourself as a borrower.

Every state has individual and varying laws about title loans, so even if you’re a complete aficionado on title loan laws in one state, the Alabama regulations may be slightly different. It’s important to read up on local laws so you fully understand the specifics of your Alabama title loan.

We can teach you the basic laws that you’ll need to know before committing to online title loans in Alabama.

And hey; remember that if you have any questions about your Alabama title loans or title pawning in general, you can always get in touch with us to learn more! We’ll be happy to help.

The History of Title Loans in The State of Alabama

Title loaning has been a popular source of alternative lending for years, and it’s on the rise in Alabama in particular. In 1993, the state Supreme Court of Alabama ruled that title loans be classified as a form of pawning, and their providers termed as pawnbrokers. This ruling came to be known as the Pawn Shop Act.

The courts also passed tighter legislation about the interest rates of title loans within the state, in an effort to better protect borrowers like you. Laws are continually passed to help regulated providers of title loans in Alabama; ensuring that they’re operating as legally certified pawnbrokers and lenders, which helps keeps borrowers safe from disreputable lenders, and avoid stumbling into low-quality loans.

The Pawn Shop Act also states that if the borrower fails to provide the lender payment on the loan after 30 days after signing their title loan contract, the vehicle used in the loan could become the legal property of the loan provider. The car is used as collateral in case the borrower fails to make good on their loan, but this is used as a last resort tactic and is rarely employed.

Other regulations that The Pawn Shop Act enforces in the state of Alabama are the annual licensing fees that every title loan provider must pay to the state. This helps generate revenue for the state of Alabama and is also used as a way to weed out unlicensed title loan providers throughout Alabama.

References to Use for More Information About Title Loan Laws in Alabama

To read the Alabama Pawn Shop Act and state codes regarding title loan laws, you can read the text in full by section here. If you have any legal questions regarding your title loans in Alabama, you can ask legal experts and check law forums here for free.

Avvo.com is a good resource for questions about the Alabama Pawn Shop Act and has a handy directory of local lawyers near you in Alabama. Remember, if you ever have any questions about online title loans or the Pawn Shop Act of Alabama, you can always get in touch with us at any point to learn more!

Our team of title loan specialists can teach you more about the legal ins and outs of title loaning within the state of Alabama, and about the details of the Alabama Pawn Shop Act that can help protect borrowers like you and promote higher quality title loans throughout the state.

Give us a call today to learn more, and become a better-informed borrower before you sign your loan contract for title loans or title pawning in the state of Alabama.

replacing-car-title-alabama

Replacing a Car Title in Alabama

Do you have clear title to your car? Can you find that title or is it lost, stolen or damaged? If so, this is a serious issue and you need to have it replaced. In the state of Alabama, every vehicle model that is less than 35 years old has to be registered with a certificate of title. If the vehicle is a trailer, then the model must be less than 20 years old, but still requires a certificate of title in the state of Alabama. Motor vehicle is a broad term, but as long as your vehicle is an automobile that operates on the roadways, you are expected to have a title to that vehicle except when you still have not paid off for your vehicle and you carry a loan balance.

The Exclusion
The only exclusion to having a certificate of title is in the situations below:
· If the vehicle model is more than 35 years old or the trailer model is in excess of 20 years
· If the vehicle is government owned
· If the vehicle has a lien due to an auto loan not yet paid off
· A vehicle used by an auto dealer or auto manufacturer during road testing
· A vehicle that is not owned by an Alabama resident, but a non-resident. The vehicle should be registered in another state
· Boats and 1989 mobile homes
· A specific mobile equipment
· ATVs and snowmobiles
· Junk vehicles
· Utility trailers used to pull a vehicle
· Camping trailer that can be collapsed or folded, but in excess of 20 years old

The Location
You will be able to replace your certificate of title with a Designated Agent from the Department of Revenue. This includes the Department of Motor Vehicles or auto dealers licensed in the state of Alabama. There are also some financial institutions that have that kind of jurisdiction such as a credit union or bank. However, you or the lien holder of the vehicle can apply directly through the Department of Revenue to receive a certificate of title replacement.

The Cost
In the state of Alabama, the cost to replace your certificate of title for your motor vehicle is only $15. For a manufactured home, the fee is $20. If you submit an application through a Designated Agent, you will be charged an extra $1.50, which will be assessed as commission to the agent for processing the application on your behalf. To have your application processed and mailed, the DMV officials also charge a commission of $1.50 in addition to the required application fee. It is best to contact the relevant authorities to confirm the existing fees.

The Paperwork
To replace your car title in the state of Alabama, you must have the required documents. If in your possession, the Designated Agent will ask for the original manufacturer’s certificate or the vehicle’s registration papers.

The Process
Processing of a car title application will depend on the agency through which you submitted the application and so the times may vary. However, in most cases, the applicant will receive a reasonable time frame. You can always contact the agency to find out about the status of your application.

Email contact for the Department of Revenue is: titles@revenue.alabama.gov

The Bottom Line
Replacing a car title loan is not a complicated process as you can see. The process is relatively easy and you have various options of obtaining a replacement. However, since other problems could arise if you cannot produce a certificate of title for your vehicle, it is best to have it done sooner rather than later.