Needing fast funding now but don’t know where to look? When you are in the middle of a financial crisis and need an emergency loan, the last thing you want to do is shop around for different lenders. However, it is important to consider multiple lenders to make sure you are getting the best deal.
Max Cash® Title Loans is the #1 Nationwide Title Loan Referral Service that wants to find you the very best deal on emergency title loan funding. Since Max Cash does all the research for you, you can rest easy knowing you’ve made the most informed
decision when it comes to which lender is right for you.
What is the Emergency Loan Process?
Emergency funding can seem complicated at the surface, but when you are working with people who know what they’re doing, the process is really quite simple.
For emergency loans like title loans, the process can be broken down into three easy steps:
- Send in Your Information – The first step of the emergency title loan process is to fill out a brief inquiry form with a few brief details about your vehicle, and your financial history. If you fill out the inquiry form online, you will know almost instantly if you are pre-approved or not. You can also call and give your information over the phone if you would like to discuss the initial process in more detail with a loan processing expert.
- Send in Your Documents – After you have successfully filled out the inquiry form, your lender will most likely require a few documents before they can process your emergency title loan agreement. The basic required documents your title loan lender will usually ask for are a qualifying vehicle title, a few photos of the vehicle, proof of income, proof of residency, and a government-issued form of photo ID.
- Sign Your Contract and Get Your Money – After your emergency title loan documents have been processed, your lender will then draw up your contract for you to sign. Before signing, it is important to discuss any details of the contract that need clarification with your lender, to make sure you understand everything. Your loan processor will be more than happy to explain the answers to any questions you may have.
Emergency Cash When Your Identity Is Stolen
Identity theft can happen to anyone at any point in their life. If you are many of the Americans who have been impacted, you will need emergency cash when your identity is stolen. According to the Federal Trade Commission (FTC), the average American will have to pay about $600 out of pocket to recover from identity theft. Others may have a larger financial burden to deal with, depending on the damage of the identity thief.
If you need emergency cash when your identity is stolen, there are a few options that you can look into. Below is more information on getting emergency cash after your identity is stolen. Along with that, you’ll find some information on why it is important to act right away.
Before Looking for Emergency Cash When Your Identity is Stolen, Take These Steps
If your identity is stolen, the first thing to do is take these steps to protect yourself:
Get Into Contact with the Fraud Department of Compromised Accounts
Wherever you noticed fraudulent charges/accounts first, get into contact with them and they can issue a fraud alert. They can begin to take the necessary steps to lessen the damage
Contact the Major Credit Bureaus
The 3 major credit bureaus are Experian, Equifax, and Transunion, all have fraud departments, and it is important to let them know if your identity is stolen
Get into Touch with Your Bank
It is important to contact any bank that you have checking accounts or savings with, as it can prevent even more damage. Something as simple as issuing a new debit card can help. Or more complicated tasks like temporarily freezing atm or other activity, can all help protect your account information. It may be reassuring to know that most reputable banks put in a lot of effort into security measures and are often prepared for these types of situations.
Contact Credit Card Companies / Any Loan Lenders or Financial Institutions You are Working With
It will be a good idea to let your credit card companies/ card issuers, or any other financial institutions (federal student loans, private personal loans, etc.), know when your identity is compromised.
Talk to Your Insurance Companies
Identity thieves can go as far as trying to make insurance claims. And so, contacting insurance lenders can help prevent, additionally, it can protect even more personal information.
Freeze your Credit
This is a step that you can take that will halt any activity that involves your credit. This step may be taken automatically by financial lenders when a customer calls them about identity theft. They will often add more login and security steps to access an account. For those who want to keep their old accounts, this may be a good option.
File a Police Report
Identity theft is a crime, and it may not be a bad idea to file a police report with your local police department. This may help find the person or party responsible and help other people from being a victim in the future.
What About Medical Identity Theft?
Medical ID theft is when a person gets access to your social security number /social security card, driver’s license info, and other personal information, and then uses it to seek medical treatment.
In the scenario, you should get into contact with any hospitals, clinics, laboratories, etc. that have sent you a bill, and let them know about your situation.
Look into a Loan to Get the Emergency Cash When You Identity is Stolen
A loan can be one way to make ends meet after you are a victim of identity theft.
Because you may not want to work with your credit, there are a few types of loans out there that don’t focus on your credit score, and can make funding fast:
- Title Loans Title loans are one type of secured lending, which works by using the borrower’s vehicle as collateral. Lenders will look into the value of your vehicle, your ability to repay the loan, and your income. A huge contrast to personal loan lenders. If you do decide to go for a title loan, start with the experts at Max Cash Title Loans. At Max Cash Title Loans, we are the #1 Nationwide Title Loan Marketplace. We offer a secure way of connecting individuals to affordable and reputable lenders.
- Payday Loans payday loans work by using the borrower’s paycheck as collateral. In general, these loans are usually short term and work extremely quickly, and so maybe a good option when looking to recover from identity theft. Something important to consider however is that payday loans usually comes with short and inconvenient terms.
- Home Equity Loans home equity loans use the value of the borrower’s home to make additional funding available. If you are a homeowner this may be an option to consider.
Precautions to Take Once Everything to Get Things Back on Track
Once you begin to repair your credit, there are a few steps to keep you on the right track:
Monitor Credit Reports
A credit report has all the information about any financial activity that exists for a single person. If your identity is stolen it is a very good idea to monitor your credit reports, from all three major credit bureaus.
- The good thing is you can get your free credit report from each credit reporting agency, each year. Take a look at your credit report for an overview of the damage done.
- Another important step to take is to begin the process of correcting any mistakes that show up on your credit report.
Consider a Credit Monitoring Service
Secondly, a credit monitoring service can do the work of double checking your credit score.
Increase Account Security
Financial institutions take this step automatically when a customer calls them about identity theft. To protect you, companies will often add more login and security steps to access an account. For those who want to keep their old accounts, this may be a good option.
Take Precautions In Person, Online and Over the Phone/Social Media/Other Communication Channels
There are many things you can do in person, online, and in the way that you communicate to help protect your personal information.
- For example, shred documents once done with them. Using your own Wi Fi, or a secured network. Being aware of local scams, and never giving information over the phone until you know the authenticity of the caller. Subsequently, these are all things you can do to protect your information.
How Can I Get an Emergency Cash Advance?
If you’ve found yourself in a financial emergency, an emergency cash advance may be a quick solution. However, like most consumers, you may not be sure how to apply for an emergency cash advance. If this is the case for you, you’ve come to the right place.
At Max Cash Title Loans, we pride ourselves on our title loan service. As the number one title loan marketplace in the United States, we strive to make the application process simple. If you would like to start your title loan application form, simply fill out a brief online inquiry form or give us a call today. From there, we can take care of the rest.
If you would like to learn more about where you can get an emergency cash advance and how to apply for one, continue reading below.
What is an Emergency Cash Advance?
An emergency cash advance loan is another name for something called a short-term loan. A short-term loan is cash you borrow from a financial institution such as a bank or other creditor. These types of personal loans assist consumers during times of emergency using quick cash when they need it most.
Can I Apply for an Online Cash Advance?
One of the best things about emergency cash advances is that they can be obtained in a short amount of time. Because most lenders know you need cash fast, many of them create an easy process for customers to apply for their cash advance. In fact, most have made it possible to apply for cash advances and other loan products, such as car title loans.
Another great thing about cash advances is that they provide consumers with more time to repay their loans. Additionally, they also offer more favorable interest rates and other great benefits. When your application receives final approval, most cash advances can be sent directly to your bank account or credit union.
When Is an Emergency Cash Advance Useful?
Emergency cash advances can be a great service for consumers looking to relieve a financial burden. Whether you are anticipating an expensive medical bill or have a utility bill arrive that you forgot about, an emergency cash advance can be incredibly useful.
Listed below are a few more situations in which emergency money can help:
- Unexpected expenses
- Credit card bills
- Home renovations
- Emergency expenses
- Car repairs
How Much Emergency Cash Can I Get?
It isn’t always possible to avoid a financial crisis. Life happens, and bills can get in the way of your budget. If you don’t have an emergency fund saved up, you might be searching for where you can find the right alternative loan. You might also wonder, how much emergency cash can I get?
You may be experiencing job loss, or high living expenses that are hurting your budget.
While it may be a stressful time, you have resources available to you! One of your options is to get emergency money through Max Cash Title Loans. Applying can take just a few minutes to do online, and you could have emergency money in just one business day.
To learn more about the importance of an emergency fund and the amount of cash you can get, keep reading below!
Why is It so Important to Have an Emergency Fund and Emergency Savings?
An emergency fund is a crucial financial tool for any person. As a rule of thumb, you should keep at least three months of expenses in an emergency savings account. This is in case of a layoff, car repair, or other emergency situation that could leave you broke. A rainy-day fund is advised by all financial planners to keep you afloat in any situation.
But studies show that 45% of Americans have almost nothing saved in their savings account. Americans that do often have less than one month’s worth of expenses! If an emergency situation happens, having emergency savings could make all the difference in the world. It acts as a safety net for the short term. Life happens, and when it does, you want to be prepared for the worst financially.
You should build your emergency fund based upon your income and expenses. If you have a financial advisor already, they can instruct you on the right way to build your cash reserves. If you do not, it’s not as complicated as you might think. Build up your emergency fund little by little! Take at least 10% from each paycheck and put it in a secure fund that you won’t touch.
What Kind of Emergency Savings Account Should You Have?
Depending on your financial situation, you may have different savings accounts in mind. Usually, the two most advantageous are:
- Money Market Accounts
- High Yield Savings Accounts
Money market accounts are similar to regular savings accounts, but they can be an effective tool for saving money. You typically can’t withdraw money or make payments more than six times a month. There is also usually a requirement for how much needs to be in the account at all times. They usually can be obtained through a bank or credit union, and often require a minimum deposit. When considering a bank account like a money market account, keep in mind what the interest rates are. Interest can help you earn extra money on your savings! Money market accounts are different from checking accounts and mutual funds because they have a different intended purpose. There is almost always a limited amount of access to your money market account, but your checking account can be much more flexible.
High yield savings accounts are those that can offer you the most interest to reach your savings goal. By putting in a month’s worth of expenses, the interest rate could help put more money away for a rainy day.
How Do I Get Emergency Cash if I Don’t Have Time to Save Money?
If you have a big purchase or repair coming up and you don’t have time to start saving money, there are options available to you in the form of a loan! With loan options like title loans, you could get emergency cash in as little as one business day, once approved. While you should work towards creating an emergency fund, you may not have the resources right now to do so- and that’s okay! Max Cash Title Loans is here to help.
How to Become an Emergency Cash Holder
The rule of thumb for any savings account should be at least three months’ worth of expenses. But becoming an emergency cash holder can take a while to do! Building a substantial savings account could give you peace of mind. An emergency fund could be your safety net when unexpected expenses knock you down.
Not everyone has a savings account for an emergency situation, however. When you want to learn how to become an emergency cash holder, you might be lost!
To learn more about emergency funds and your extra cash options in stock, keep reading below.
Why Create an Emergency Fund
While everyone has a different financial situation, there are many reasons to have an emergency fund. For example, if you are a homeowner, you might have emergency money for a repair that may come up. Or if you own a car, you could have an emergency fund for oil changes or other maintenance.
Regardless of your reason for having emergency savings, they are important for everyone. Life happens, and when it does, savings can mean peace of mind for your personal finances.
For example, let’s say you lose your job or main source of payday cash. If you have an emergency fund, your bills could be covered until you find a new source of employment. That can take the stress off of the hassle of finding a new job right away. It also can help prevent you from having to dip into your checking account to get by!
Studies show that the average person in the United States has little to nothing in their savings account. Even just a few months of saving up for living expenses could help you build an emergency fund!
How to Create Your Emergency Cash Stash
Where most people have trouble is creating the emergency fund. IF you do not already have money aside, you may not know where to start! But, to get started, you’ll first need to choose the right type of savings account.
- Money Market Account
- High Yield Savings Account
- 401(k) or Roth IRA Accounts
Money market accounts can be a low risk savings account option. Generally, they can have beneficial interest rates, and help you save money!
When choosing the right money market account for your financial situation, you want to look for one that has a high interest rate, and no monthly fees. Some money market accounts will have a minimum balance requirement of $5,00-$10,000, but not all of them do! Choose the right one that fits your financial situation long term!
Money market account rates are not always fixed, which is something to keep in mind when choosing them. They are not to be confused with a mutual fund, which offers different benefits.
In comparison, a high yield savings account can have a fixed interest rate. Generally, high yield savings accounts can help you reach your savings goal in a timely manner! Just like money market accounts, you should shop around for the right type, for your financial situation.
If you are around age where it is time to think about your retirement plan, you should start looking into 401(k) and Roth IRA accounts. Both have their advantages, but the main difference between them is how you prefer to be taxed!
Regardless of what kind of savings account you choose, it is important that you aren’t neglecting your other bills. Along with allocating a portion of your monthly income towards savings, credit card payments and the like should still be a priority.
How to Do an Emergency Cash Withdrawal
Using Your Debit Card or Credit Card for an Emergency Cash Withdrawal
If you use MasterCard, VISA, American Express, or other credit card providers, you may wonder how you can use your card to obtain cash. There are a few resources that you can take advantage of as a credit card holder with a bank account.
A Credit Card Cash Advance
If you already have a credit card provider, one of your options can be to use your available account balance to obtain a credit card cash advance. A credit card cash advance will allow you to use your card at an ATM and select the cash advance option.
Take your card number and see how much available credit you have available for a cash withdrawal. You may be able to access up to a certain percent of your available credit if you have a credit limit with your ATM card.
While a credit card cash advance is an easy way to obtain funding, there are often fees and separate interest rates to be mindful of. While most transactions with your credit card will have a grace period for interest, a cash advance does not. This means as soon as you obtain your cash advance, you will start paying interest on it. This is often not a problem if you are able to repay the advance as soon as you receive your credit card statement. However, if you are in an emergency situation, you may not have the means pay back this cash service anytime soon. In that situation, a cash advance could be difficult to repay.
Use Your Bank to Your Advantage
If you bank at reputable banks such as Bank of America or Chase Bank, you may have the option to use your good standing there to obtain a loan. Many banks that offer services like checking accounts and savings accounts will also offer loan services to those who bank there.
While often these loans are for mortgages, they can be personal loans as well. Personal loans can be an excellent option for those that are confident with their credit history, as they are unsecured loans that require an extensive credit check. If you are not as confident with your credit history, they may be difficult to obtain.
Your bank may have other options you can take advantage of during difficult times. Many banks are offering financial help or alleviation, such as removing checking fees or deposit requirements per month for your savings accounts. Check with your bank representative by calling the branch location phone number in order to receive contactless services.
Other Emergency Options to Consider
If you are struggling financially, there are other alternative loan options to consider. While you may need to weigh the pros and cons of each loan, they could be available to you:
Payday Loans:
This alternative loan option is meant to last you between paydays. If you live paycheck to paycheck, an emergency expense could set you back tremendously.
With a payday loan there will be no credit check. And a result, those with poor credit can receive approval.
While this is a way to get fast cash during an emergency, there are some drawbacks to payday loans. Payday loans are fast to obtain, with some borrowers receiving their cash the same business day. However, they often come with high-interest rates and fees, which make them almost impossible to repay. Most lenders will give you a very short time frame to repay the loan as well. If you are in an emergency situation, there are other loan options that could be considered.
HELOC, or Home Equity Line of Credit:
If you are a homeowner, you may have the option to tap into your home’s equity. A home equity line of credit, or a HELOC is a way for homeowners to slowly borrow funding from the equity in their home. Unlike a home equity loan, a HELOC can allow you to borrow in smaller increments.
If you are in an emergency situation, you may be able to tap into the line of credit. While HELOCs are an excellent way to obtain funding, it is crucial for you to pay the payments on time to avoid losing your home.
How to Get Emergency Cash from a Direct Lender
What is an Emergency Cash Direct Lender?
Unexpected emergencies are upsetting for every consumer. Particularly if they are devastating for yourself or family members. An emergency cash direct lender is a company that provides customers with a short-term loan option for nearly any type of financial emergency. These types of companies may be able to help you get through difficult times. Additionally, one of the benefits of working with them is you can have a bad credit score and still be eligible.
Type of Emergency Loans
Here’s a brief look at the types of loans that may be able to help you during an emergency:
- Emergency Personal Loans
- Short-Term Loans
- Emergency Student Loans
- Payday Loans
- Cash Advances
- Title Pawns
- Life Insurance Loans
- Emergency Military Loans
- Car Title Loans
Where To Apply with an Emergency Cash Direct Lender
When you need quick cash today and don’t have the best credit history, an emergency cash direct lender may be able to help. With convenient loans and a dependable network of providers, emergency cash loans provide a convenient service to consumers.
You can find an emergency cash direct lender in several places. One of the best places to start is online. By doing a quick search on Google, you can discover several types of lenders that work best for your budget. Additionally, some of them might even be located near you.
One of the downsides from searching online, however, is that you will also need to then sit and compare each company. This is an important step where you will compare various fees and expenses that each company requires for its service. While this is a critical step in the process, it does require a considerable amount of time to complete.
However, one quick way to avoid this process is by working with a loan marketplace such as Max Cash Title Loans. As the number one title loan marketplace in the United States, Max Cash Title Loans is able to work with a network of online lenders to find a title loan that’s perfect for you. We do the hard work for you so that all you need to do is provide personal information and receiver your cash.
How to Get Emergency Cash from the Government?
If you like many Americans are struggling with the aftermath of COVID-19, you may know that emergency cash from the gov. could help. For those who do not qualify for emergency cash gov. or cannot wait for relief, a loan option may help. If a title loan seems like the right option for you, let Max Cash Title Loans help you find the perfect title loan.
Below is more information on emergency cash from the government, cash from non-profits, and other options that could mean cash faster.
Emergency Cash from the Government
There are all kinds of government programs that can provide you with emergency cash. For most of these programs, eligibility will depend on a few factors. When it comes to coronavirus relief, eligibility is significantly more flexible.
Here are some of the emergency cash programs that the government has in place to help individuals and families who are struggling financially:
Programs Focusing on Families
- TANF (Temporary Assistance for Needy Families)— TANF is a gov. program to help those who have defendants/children and are low income. TANF covers a broad range of necessitates. So much so, that there are a few help programs like SNAP benefits, under TANF. From food assistance, to childcare and housing, temporary assistance for needy families can make the essentials possible for families who are financially struggling.
- WIC —WIC provides nutritional help for pregnant women and children.
- Low Cost HealthCare—for those who are low income, Medicaid and CHIP can be a cheaper alternative to healthcare.
- LIHEAP (Low income Home and Energy Assistance Program)—LIHEAP can help families who are low income and are struggling to pay their utility bills.
Relief Focused on Employment / Work History
- The SBA (Small Business Association) — The SBA can help all kinds of financial issues that small business owners face. From short term help, to long term, so a small business can continue to grow.
- Unemployment Benefits — If you are facing a job loss, layoff, or a significant cut in your hours, then unemployment benefits may help. In order to be eligible for unemployment benefits you must have not lost your job due to any fault of your own (including leaving voluntarily). Your local government’s office of unemployment can help you apply or get additional information.
- Cash Programs for Veterans — The US Department of Veterans affairs offers all kinds of assistance for veterans. No matter if you are a veteran facing homelessness, or a first-time homeowner, if you have served, this department is a good place to start for financial assistance.
- SSI (Social Security Income) — Social Security can help those who are over 65 and retired.
Government Relief for Any American
- Your Local Department of Human Services— your local department of human services can connect you helpful resources both on a national and local level.
- FEMA—FEMA is the governments first response to disasters. They can help provide relief during an emergency, as well as help for the community afterwards.
- Resources from HUD (The Department of Housing and Urban Development)
CoronavirusRelief
The Economic Security (CARES) Act — The CARES ACT was passed to provide Americans from all walks of life, get some relief from the coronavirus outbreak. Regardless of the amount of time that has passed since the outbreak, these programs may still be in place.
The Economic Security (CARES) Act — The CARES ACT was passed to provide Americans from all walks of life, get some relief from the coronavirus outbreak. Regardless of the amount of time that has passed since the outbreak, these programs may still be in place.
How to Get Emergency Cash Nationwide
Emergency Cash Nationwide Through Loans
One of the easiest ways that borrowers can obtain emergency cash when they are experiencing severe financial hardship is through a loan. Some loans can really help your bank account, and others are not as helpful in the long run. While many different types of loans exist, it is important to choose one that will best help your financial situation now and later! Many Americans are still trying to recover from the COVID-19 pandemic, and an emergency loan could be a major helping factor in that recovery.
Credit Card Cash Advance
If you already have a credit card provider and a checking account, a credit card cash advance could be the right option for you. A cash advance with your credit card works by accessing your available line of credit and turning it into cash. For example, if you have a $1000 credit limit on your credit card that is available, you can request it as a cash advance. This can be done at an ATM, and you could get the cash in hand or to your bank account. Just like you can take cash from your checking account with your debit card, you may be able to do the same with your credit card! Credit card providers like VISA and MasterCard are known for providing cash advances if you need to make an emergency withdrawal.
Personal Loans Nationwide
If you do not have bad credit, one of your options is to take out a personal loan. Personal loans can be helpful for those with good credit, as a lender will often give them a low interest rate and more optimal loan terms.
When it comes to personal loans, borrowers with bad credit will often receive high interest rates, or may not even get approved for a loan at all. Personal loan amounts are dependent on your income and credit score. And, may only be helpful if you have the right credit history.
Max Cash Title Loans wants to make your emergency loan process as fast and easy as possible.
What Do I Need to Get an Emergency Loan?
Wondering what you need to get an emergency loan? Upon initial approval for emergency loans, such as a car title loan, you only need a few documents handy before you can get your money. Most documents can also be emailed, or even texted in to make the process even faster.
Many people regularly have these documents on hand, so you may have the required documents in your home already. If not, you may want to gather them now so the process can go as fast as possible after you initially inquire. The sooner you turn in your documents, the sooner you can get your money.
Generally, the required documents for emergency loans, such as a title loan, are:
- Vehicle Title – The vehicle title must be in the name of the person inquiring about the loan and must also be free-and-clear. However, if you still owe money on your car, we may still be able to help you out.
- Government-Issued Photo ID – A photo ID issued by the government, such as a driver’s license, state ID, or even a FOID card.
- Proof of Residency – Something to prove your place of residency, such as a lease agreement, utility bill, or mortgage statement.
- Proof of Income – A piece of documentation to confirm your income, such as a pay stub, bank statement, or tax documentation if you are self-employed.
- Several Photos of Your Car – Take a few photos of your car from multiple angles. Many lenders allow you to take the pictures directly from your cell phone and text them in.
A few other documents may be required simply for verification purposes, but those details will be brought to you directly from your emergency loan lender.
What if I Can’t Pay Back My Emergency Loan?
If you find yourself struggling to keep up on your emergency loan payments, it is important to connect with your lender about it right away. Although that may seem frightening, lenders are typically willing to work with those making an effort but struggling to make their loan payments. Often times your lender may be able to get you a refinanced rate or adjust your loan terms so your payments can be more manageable. The important part is communication, so be sure to speak with your lender as soon as you realize there may be an issue.
How Can I Get an Emergency Loan Now?
To get started on your emergency loan, you need to find the best lender. For emergency loans, such as car title loans, Max Cash Title Loans can be the best option if you’re trying to find the best deal. Max Cash Title Loans has an extended network of lenders across the United States, which means we can find the loan that works best for you.
To get started on the Max Cash Title Loan process to get your emergency title loan, you can fill out the short inquiry form online, give us a call or even text us at 1-855-561-5626, or email us at info@maxcashtitleloans.com.