financing a car for a teenage driverfinancing a car for a teenage driver

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financing a car for a teenage driver

Do you have a teenager that is about to start driving? Do you really want your teenager driving your car? Having recently bought my car, I knew that there was no way that I was going to trust my 17 year old son to take it out with his buddies. I wanted to find a more affordable option for him. When I found a car that was perfect, I just had to come up with the money to buy it. Then, I had to decide if I wanted to get a car loan and pay for full coverage insurance, or if I wanted a personal loan with higher interest rates. Go to my site to use the charts that helped me decide how to go about financing a car for my son.


A No Income Verification Loan Can Give You Options To Get Out Of A Tight Spot

Is your income or credit not the best right now but you need some fast cash? It still might be possible to get the loan that you need if you are willing to look around maybe get a little creative. Here's how a no-income verification loan company might be able to help someone who is currently unemployed or is in an otherwise less-than-ideal financial situation.

You Might Not Have a Job, But Do You Own a Car?

If you are unemployed, you might find yourself low on cash and yet it can be hard to get a loan to hold you over because you can't provide income verification without employment. In this situation, some loan companies will take a look at what you do have going for you that you can use to your advantage. One of the most common options might be if you own your car, and that means you now hold the title and not the car loan company or bank. By putting the car title up as collateral for the loan, you may be able to get even thousands of dollars to hold you over until you find your next job, while still getting to keep your car so you can get to job interviews or otherwise go about your life as long as you make monthly payments on time.

Other Valuables Might Be Options as Collateral Too

A car as collateral can help secure a large loan, but if you have other valuables around the house that you don't even use anymore—such as jewelry or gold coins—there are some loan companies out there that will take these additional forms of collateral. You may also be able to get a loan from the local pawn shop, for example. Keep in mind that you might need to bring in your jewelry or other collateral to be properly assessed before you can receive your loan money. Just be sure that if you go down this path, you don't put up anything as collateral that you actually need for the long term or anything with high sentimental value that you will regret losing later.

Getting a loan with a bad credit history or with no evidence of a current job or income can obviously be difficult through traditional methods. But with a no income verification loan that makes use of your car title or other collateral, you can get money to hold you over or money for a specific emergency to allow you to survive the current moment and continue working towards improving your life.