July 5, 2017
Debt. Is it a four-letter word or a simple fact of life? Some recent statistics from NerdWallet show that it is more a necessity than a burden, with household debt in the United States rising 11% over the past ten years. They also shared that the overall average household debt is $134,643, including mortgages, student loans, car payments, and credit cards (the latter of which accounts for $17,000 of the total household debt).
The evidence certainly shows that debt is a fact of life, and yet, we still talk about it like it’s a dirty word. But for most of us, debt is a means to an end, and incurring and repaying debt al-lows us to live our demanding (and expensive) modern lives. The truth is, most of us can’t af-ford to buy a car, a home, or tuition in cash, and in order to keep up with the skyrocketing cost of living, we have to borrow some money just to survive.
Debt is just as common as any of our other monthly expenses, and with frugal spending and hawk-eyed attention on the check book, we are slowly but surely paying it off. But no matter how much we cook at home or car pool to work, there will be moments when it feels like your bank balance is stuck in the red. This is a normal feeling, and financial planners often advise that re-evaluating what you pay off first could make a huge difference. For example, focusing on paying off your credit cards first can be a boon because they will have the highest interest rates among all your debts, according to advisors writing for The Motley Fool. Ignoring their speedy payoff will only add fuel to the bad credit fire.
Even when you have a strategy in place, situations still arise that can send your money man-agement plan into chaos. These circumstances could be increases in your household bills such as inflation on gas and groceries, health issues requiring new medication, or even a spontaneous (and pricey) dinner with a visiting old friend. Fun, vital, and essential, these unexpected ex-penses can still be stressful, because no matter what happens to our wallet, the debt payments have to be made.
Luckily, there is a fast and easy solution that will let you cover your unexpected expenses with-out any hassle or damage to your credit. Quick cash title loans in Memphis, Tennessee are short-term loan options allowing you to leverage your car title against the loan. There are no credit checks, and all that is required to be eligible is your owned, drivable vehicle, its lien-free title, and a photo ID. When you bring these items into Mid-South Title Loans in Memphis, you’ll be in and out of our office, cash in hand, in under 20 minutes. Plus, you keep the use of your vehicle while you repay the title loan.
Don’t let an unexpected expense derail building your credit. Title loans from Mid-South Title Loans in Memphis range from $150 to $2,500 based on the value of your vehicle. If you’re searching for a title loan, all you have to do is fill out our convenient Title Loans Online Info Sheet, or stop by any of our three Mid-South Title Loans locations in Memphis: 1680 Winchester Rd, 4965 Summer Ave, and 2798 S. Perkins Rd. Come on by Mid-South Title Loans today, and get the quick cash title loan you need to make ends meet and keep your loan repayments on schedule.