| By :
Molly Wider
No, that is not a misprint. Seriously, you can use credit from a loan you can access through your car and take a vacation. It's easy. And it can be a lot smarter than using your credit card. The downside of credit cards A lot of people don't know that, even if you make payments every month towards your credit cards, if your card balance stays near the maximum of your credit limit, that can lower your credit score. So, if you max out your card for a vacation and your card stays maxed out, that can lower your score, and hurt your ability to get credit when you need it. Let your car be your credit But what a lot of people also don't know is that their car can be a great source of credit. A car title loan can even improve, not lower, your credit rating, and y'uh-huh, it's true, still get you that vacation. If you own your own car, and it is less than eight years old, you can use it as collateral against a car title loan to get you some of the fine things in life you may have been missing out on. Or, if you have a maxed out credit card that you just cannot seem to pay off, use the cash value of your vehicle to get a loan and pay it down. Poof! Instant better credit because you have paid off that debt-and instant better chances for more credit later. What about downright bad credit? Especially if you have bad credit, or a poor credit history, or even if you have declared bankruptcy recently, your car can be used to secure a loan for the things you need. You can use the loan to pay down some of those debts, or help to re-establish your credit history, or improve your credit rating. Or, maybe, your car needs work, but you just don't seem to have the cash to pay for repairs right now. Use your car to fix your car Still another thing a lot of people don't know about car title loans-they can be used to repair your vehicle. So, if you have had to worry about not making it to work in the morning because your car might not start? Worry no more. Get a car title loan, and use the money to get that car back on the road, your credit back into shape, and you, back in the driver's seat of your life.
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