Smart Reasons to Get a Title Loan Before Tax Season | Cash-N-Go Auto Title Loans of Phoenix

Smart Reasons to Get a Title Loan Before Tax Season

January 30, 2019

Nobody really loves paying taxes, but everyone is required to pay their fair share to the IRS at the end of the year. As you begin to compile your financial documentation and get your paperwork in order, it’s a good time to start preparing to pay any taxes that you owe. Unfortunately, it can be challenging to come up with this money all at once, and some people turn to title loans in Arizona to help them handle their tax burden. Read on to see why!

Using title loans to pay for taxes

Lots of people have to pay state and federal taxes at the end of the year, but saving for those payments can be difficult. Whether you simply forgot to set money aside over the course of the year or you had an unexpected expense that depleted your savings, it can be stressful to deal with the cost of taxes. If you’re unable to pay your taxes right away, you might be stuck with a major tax penalty and additional issues with the IRS.

Using a title loan to help pay for taxes is a great option for people who can’t afford to pay their bill in one lump sum. Securing a title loan enables you to pay off what you owe to the IRS right away, and then make regular, consistent payments on a monthly basis to your loan provider until your loan is paid off completely. Breaking up your tax burden into more manageable monthly payments is a great option for people who would otherwise be unable to pay what they owe at the end of the year.

Getting a title loan

A title loan is similar to other types of financing except that the lender accepts the title to a vehicle as collateral to secure the loan. Once you pay your loan back in full, you will get your car title back. While these loans tend to have higher interest rates than traditional financing, the approval process is much faster, and you can get cash on the spot. This is a good option for people who have low credit scores or issues with their financial history. In many cases, a title lender doesn’t even have to check your credit score to issue your loan. You can get a title loan in cash in a matter of minutes so you can pay your bills right away. This instant payment gives loan applicants a lot more flexibility than traditional loans that may take weeks to pay out.

Learn more about title loans in Arizona

If you want to find out more about title loans in Arizona, reach out to Cash-N-Go Auto Title Loans of Phoenix. Since 2000, we have been proud to be a premier provider of title loans in Phoenix, AZ, and we continue to deliver reliable service to every customer we work with. Regardless of your specific financing needs, we would be happy to answer your questions and walk you through the loan process from start to finish. Give us a call or stop by today to get started.

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