anyone done a title loan? im seriously considering one to consolidate all my debt

[downshift_me]

If you're already in debt now....you're just adding yet another debt and it'll be a vicious cycle where you're always on bottom. However, this debt could cost you your vehicle which would help you back and forth to work.

Lawn season has started. I've had my landscapers coming every 2 weeks now for a couple of months and started weekly this week. My grass is growing at minimum 4 inches in a week. I'd start knocking or leaving flyers now before you're beat out. It's also a plus if you can do actual landscape (flowers, mulch, rocks, etc.)

[whitetrash]

I have had a small one to cover rent when my roomate got fired a couple years back. The interest will kill you. It's basically about 30 bucks a month for every 100 financed just in interest. I don't recommend this option.

[Damnittsteve]

I am going to state my opinion simply because I hate people talking about money issues. First off, I don't know your situation and am not posting this to stir the pot like most of the board does with you.

1. If it is $1,500 I wouldn't be getting any loan. I would do what someone recommended and pay it off quick or start selling shit.

2. Receiving SS and have a part time job is not having two jobs.

3. If you are waiting to cut lawns you are more than capable of working two jobs, let alone one full job and not receive SS.

I point these out simply because if you really wanted to pay it off it looks like you have all the "resources" to do so, you are just looking for an easier "solution" or a bandaid.

Anyways, that's my opinion...

if i wanted your opinion or sympathy id ask for it, i dont want either, i just wanted a recomendation from anyone that has done this before, so far i havent got anything close to that.

[talisman]

I have had a small one to cover rent when my roomate got fired a couple years back. The interest will kill you. It's basically about 30 bucks a month for every 100 financed just in interest. I don't recommend this option.

lol, damn. When I was looking for another Mustang a little over a year ago I found a decent one at a tote the note place and was trying to work a deal. He said to me almost verbatim: "I don't charge interest. What I do is charge $100 a week that the car isn't paid off." I burst out laughing and asked if he was serious. He was. I found a car elsewhere.

[talisman]

if i wanted your opinion or sympathy id ask for it, i dont want either, i just wanted a recomendation from anyone that has done this before, so far i havent got anything close to that.

Maybe there is a reason most people won't do it, and therein lies your answer?

[mstng86]

if i wanted your opinion or sympathy id ask for it, i dont want either, i just wanted a recomendation from anyone that has done this before, so far i havent got anything close to that.

man, people are just trying to save you from making a mistake. Sure his opinion was wrapped in there, but the bottom line is, everyone is telling you not to do it.

[Damnittsteve]

I have had a small one to cover rent when my roomate got fired a couple years back. The interest will kill you. It's basically about 30 bucks a month for every 100 financed just in interest. I don't recommend this option.

i can afford about 150-200 a month in extra bills, the problem is im paying peter to pay paul and i end up just paying the interest to everything and not paying any principle, this is what i would like to stop.

[347Mike]

if i wanted your opinion or sympathy id ask for it, i dont want either, i just wanted a recomendation from anyone that has done this before, so far i havent got anything close to that.

Your thread titled asked for our opinion. If no one has done it there is probably a reason for that. *edit*damn you guys already said it!*

Btw, I wasn't giving you sympathy. I don't give sympathy to those who fuck up what they have going on. I was more or less trying to word it politely.

[Damnittsteve]

man, people are just trying to save you from making a mistake. Sure his opinion was wrapped in there, but the bottom line is, everyone is telling you not to do it.

true, but the only advice im looking for is from someone that has done it before, not someone that heard about a guy that did this on the radio and though "oh gee, what a dumbass". i am a dumbass for getting myself in this situation in the first place, just want to correct it.

[unkoricky]

Just stand outside a gas station with all the other Mexicans that work for cash.

[talisman]

true, but the only advice im looking for is from someone that has done it before, not someone that heard about a guy that did this on the radio and though "oh gee, what a dumbass". i am a dumbass for getting myself in this situation in the first place, just want to correct it.

The problem that lies within your "solution" is that you not only won't be correcting it, you will likely be making it worse. We would need hard numbers to be sure, but I'd put dollars to pesos that I'm right.

[Frank]

There isn't anyone who is going to tell you it is a good idea if that is what you are waiting to hear. I have gotten to the point I would sell darn near anything I own like a junkie if it means paying off a debt. I am not nearly as attached to "things" as I once was. The hardest would be a few sentimental things passed down from family like guns, knives, tools. I think I would sooner give them to another family member than let myself get tempted enough to sell them.

[black2002ls]

I am not judging your situation. However, I have seen those pay day loans tear up the finances of numerous people. A title loan is simply a larger pay day loan. Your first order of business needs should be to sit down and develop a plan to get your pay day loan taken care of and to get out from under those damned things. Those operations should be shut down. Next, once you have a plan, you need to stick to it, identify any "luxuries" that you can give up for the time being to get yourself set on the right path. You are starting a venture down a dark path that is going to leave you in worse shape than you are in now.

I have been in some rough times myself in the last few years. After college I ended up jobless 3 times in two years. I went from being able to buy anything I wanted/needed to not being able to pay my bills, or get a loan through financial institutions I had 10 years of history with. I lost my house, was put out on my ass, and was broke. I found a way to fight back, put a stable roof over my head, and a job to support myself and start fixing things.

[stevo]

I am going to state my opinion simply because I hate people talking about money issues. First off, I don't know your situation and am not posting this to stir the pot like most of the board does with you.

1. If it is $1,500 I wouldn't be getting any loan. I would do what someone recommended and pay it off quick or start selling shit.

2. Receiving SS and have a part time job is not having two jobs.

3. If you are waiting to cut lawns you are more than capable of working two jobs, let alone one full job and not receive SS.

I point these out simply because if you really wanted to pay it off it looks like you have all the "resources" to do so, you are just looking for an easier "solution" or a bandaid.

Anyways, that's my opinion...

Wait, what? Fraud you say?

Stevo

[Damnittsteve]

Your thread titled asked for our opinion. If no one has done it there is probably a reason for that. *edit*damn you guys already said it!*

Btw, I wasn't giving you sympathy. I don't give sympathy to those who fuck up what they have going on. I was more or less trying to word it politely.

anyone done a title loan?

that was my title wasnt it? you lose