There’s a lot to worry about in this world: global warming and drought in the southwest, rising energy bills, and money in general.  Well, I think I just tackled all three with a car title loan.

Seriously, I did.  It all started with my old water heater.  Due to die any minute. As an aware, sustainability minded type, I of course wanted to replace it with a tankless, on-demand water heater. They consume a third less energy and 6 gallons of water are saved per day (you don’t run it as long to get the hot temperature).  It would save a lot over the long haul, environmentwise and moneywise.  

I also, by serendipity, found a way to save in the short run as well.  A store in Chantilly has tankless models at a 15-20% discount off the full price.  They run $800-$1400, depending on capacity, plus delivery and installation for another $250 or so.  Here’s the best part: buy one in 2009 to qualify for a $300 credit on your federal taxes (new next year). This store takes your order now with a $400 down payment to secure the discount, then you pay the balance on delivery in January.

In other words, if I had the money now to buy something I will have to buy anyway, very soon, I’ll save about $500 upfront.  All I had to do was find $400 now, and another $300 or $400 later. The problem is I’m unemployed, behind in my bills and have bad credit. So I searched online for “fast cash” and “bad credit loans,” and found Car Title Loans in Scottsdale.  To get the $800 I needed, I used my wheels (a 2004 Mini Cooper) for collateral. This loan is made for me: bad credit doesn’t matter. I completed the online application and got instant approval since there are no credit checks. I got the cash in one day.  Doing it all online let me avoid the title loans stores in Phoenix.

Loans against car title can be a smart option when looking for fast cash.  As water becomes more scarce and fuel prices higher, I’ll be even more happy I did what I did.

- Russell S.