American music show – Steveazarlive http://steveazarlive.com/ Tue, 16 Aug 2022 12:40:46 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://steveazarlive.com/wp-content/uploads/2021/10/icon-120x120.png American music show – Steveazarlive http://steveazarlive.com/ 32 32 Preah Sihanouk, the new land title holders savvy about loans and lotteries https://steveazarlive.com/preah-sihanouk-the-new-land-title-holders-savvy-about-loans-and-lotteries/ Tue, 16 Aug 2022 12:40:46 +0000 https://steveazarlive.com/preah-sihanouk-the-new-land-title-holders-savvy-about-loans-and-lotteries/ Landowners in Villages I and II of Stung Hav District verify that their land has been properly surveyed. PROVINCIAL ADMINISTRATION Preah Sihanouk Province Governor Kuoch Chamroeun is urging residents who have just received land titles not to take out loans to gamble or bet on the lottery, as authorities have seen an increase in such […]]]>

Landowners in Villages I and II of Stung Hav District verify that their land has been properly surveyed. PROVINCIAL ADMINISTRATION

Preah Sihanouk Province Governor Kuoch Chamroeun is urging residents who have just received land titles not to take out loans to gamble or bet on the lottery, as authorities have seen an increase in such activity.

Chamroeun issued the warning as he chaired a meeting on August 15 to release the specific date for the systematic land registration judgments in Villages I and II in Stung Hav District.

“Do not use these securities to take out bank loans just to gamble, even the lottery. You should avoid gambling – it affects families’ livelihoods and can lead to domestic violence,” he said.

Chamroeun praised the district authorities, especially the cadastre officials, for their “excellent” job of surveying nearly 500 plots of land.

“It will lead to the acquisition of rights and titles for many families,” he said.

He said the data will be posted for 15 days so landowners can verify that their land has been properly surveyed. If they find irregularities, they must report them within 15 days.

Cheng Srong, director of the provincial department of land management, town planning, construction and cadastral affairs, said the main purpose of the public display is to ensure that it is technically and legally exact.

“Objections, protests or requests for corrections can be made until August 29,” he said, adding that 489 plots were submitted.

Cheap Sotheary, provincial coordinator of advocacy group ADHOC, said some people in the province, especially housewives, enjoy betting the lottery and playing cards. There were even some who gambled in the many casinos in the province, she noted.

“We have observed that many housewives enjoy playing cards. In the past, most of the people who came to gamble in the casinos were foreigners who gambled with dollars, but now I heard that they gambled with Khmer currency,” she said.

She applauded the governor’s call for people not to gamble, but feared residents would heed the call unless strong legal action was taken.

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Swift Title Loans New Florida Locations https://steveazarlive.com/swift-title-loans-new-florida-locations/ Sat, 23 Jul 2022 07:02:52 +0000 https://steveazarlive.com/swift-title-loans-new-florida-locations/ LOS ANGELES, CA, July 23, 2022 /24-7PressRelease/ — At Swift Title Loans, we would like to advise our California customers that all branches in California have been closed. However, in Florida we have opened additional branches to better serve our customers. Whatever your urgent cash needs, we want to help! Please feel free to visit […]]]>

LOS ANGELES, CA, July 23, 2022 /24-7PressRelease/ — At Swift Title Loans, we would like to advise our California customers that all branches in California have been closed. However, in Florida we have opened additional branches to better serve our customers. Whatever your urgent cash needs, we want to help! Please feel free to visit any of our Florida offices to complete your title loan application or to speak with our customer service agents.

Take advantage of full-service title lending products in Florida

If you need money fast, we’d be happy to help you with a Florida title loan. Although our California title lending offices are permanently closed, we are available in Florida to service your title lending requests. When you walk into one of our offices, you will meet a friendly and professional team of customer service agents who will be happy to guide you through the application process.

If you are in a difficult financial situation and you don’t know where to turn, come talk to us. After explaining the process of how title loans work, we can help you every step of the way. From filling out your easy loan application form to signing a loan agreement, we want you to understand how easy title loans can help you. Quickly get the money you need for any purpose.

Use of securities lending

Title loans simply use something of value that you own as collateral for a quick loan that you can use for any purpose. The reason they are fast is because you are securing your loan with a valuable asset. When comparing a title loan to an unsecured loan, they may be easier to obtain.

This is especially true for anyone who has a bad credit score. With a bad credit status, it can be very difficult, if not impossible, to get a bank or other financial institution to give you money. But this is not the case with title loans. Highlighting an asset, like a car, reduces risk for lenders and helps get approval fast, even with bad credit. When you get the money, you can use it as you see fit!

Win-win loan situation

Whatever money you need, you won’t lose anything by applying for a Florida title loan. Even though the California offices are permanently closed, there are many new locations in Florida to help you. By providing us with some basic details, you can get a quick response to your money request.

If you are approved and get a loan offer to sign, you are under no obligation. Read the terms of the offer and if you agree with them, sign it and we will prepare your money! There are no hidden charges or prepayment charges to worry about.

get your money

After signing the loan document in our offices, we will be happy to prepare your money. We will require you to submit your title before we collect your money. After that, you are good to go!

You can pick up the money at one of our offices in Florida or you can have a check mailed to you. If you prefer other options for getting the money, such as a direct transfer to your account, you can discuss this with one of our customer service team members.

Do not wait to contact us!

We are ready to serve you now! Come into our office and let us help you with money quickly and easily!

Let’s start now with your money!

At Swift Title Loans, we take our role in the lives of Florida residents seriously. We want to lend money fast when you need it, support your financial goals, and inspire you to keep on the right track. We want to help you with the money you need for whatever purpose, without putting obstacles in your way. Contact us the next time you want a quick loan.

Related link:
https://cartitleloansla.com


Press release service and press release distribution provided by http://www.24-7pressrelease.com

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Schools Receiving PPP Loans Urged to Seek Title IX Counseling https://steveazarlive.com/schools-receiving-ppp-loans-urged-to-seek-title-ix-counseling/ Mon, 18 Jul 2022 22:50:53 +0000 https://steveazarlive.com/schools-receiving-ppp-loans-urged-to-seek-title-ix-counseling/ Related practices and jurisdictions Last month, a federal court in North Carolina held Karanik et al. v. Cape Fear Academy, Inc., No. 7: 21-CV-169D (EDNCJune 17, 2022), that a private high school’s receipt of a Paycheck Protection Program (PPP) loan pursuant to Coronavirus Aid, Relief, and Economic Security Act (CARES) was seen as an acceptance […]]]>

Last month, a federal court in North Carolina held Karanik et al. v. Cape Fear Academy, Inc., No. 7: 21-CV-169D (EDNCJune 17, 2022), that a private high school’s receipt of a Paycheck Protection Program (PPP) loan pursuant to Coronavirus Aid, Relief, and Economic Security Act (CARES) was seen as an acceptance of federal financial assistance. As a result, the court held that the school was subject to Title IX obligations throughout the life of the loan.

As we noted in our legal update on independent schools and PPP loansthe Small Business Administration (SBA) has previously confirmed that recipients of PPP loans are considered recipients of federal financial assistance, thereby imposing obligations under numerous federal laws and regulations.

We now know from this recent federal court ruling, which is consistent with SBA guidelines, that courts can conclude that private and independent schools that have received PPP loans will be required to comply with Title IX and other federal civil rights laws for the life of the loan. However, the ruling also suggests that once PPP loans are paid or cancelled, independent schools may no longer be required to comply.

Although private and independent schools already have non-discrimination policies and procedures in place, these practices do not necessarily meet the specific requirements of Title IX and the law’s prescriptive regulations that came into effect in 2020. The consequences of non-compliance may result in the suspension or denial of financial assistance. or the acceleration of the maturity of the loan. Additionally, individuals who believe they have been discriminated against based on gender, including with respect to a school’s response to sexual misconduct allegations, could rely on Title IX to pursue legal action. against the school.

We recommend that schools seek legal advice about whether their receipt of CARES Act funding, including PPP loans, has triggered obligations to comply with Title IX and other civil rights laws. We continue to follow these developments closely.

Theresa Lane is a summer associate at Robinson+Cole and is not yet admitted to practice.

Copyright © 2022 Robinson & Cole LLP. All rights reserved.National Law Review, Volume XII, Number 199

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Federal Court confirms that schools accepting PPP loans must comply with Title IX | Fisher Phillips https://steveazarlive.com/federal-court-confirms-that-schools-accepting-ppp-loans-must-comply-with-title-ix-fisher-phillips/ Thu, 14 Jul 2022 15:49:25 +0000 https://steveazarlive.com/federal-court-confirms-that-schools-accepting-ppp-loans-must-comply-with-title-ix-fisher-phillips/ From April 5, 2020, we warned the independent schools that accepting COVID stimulus money in the form of loans could require you to comply with several federal laws that you may not be aware of, including Title IX. A federal court in North Carolina recently upheld that theory in a June 17 ruling that should […]]]>

From April 5, 2020, we warned the independent schools that accepting COVID stimulus money in the form of loans could require you to comply with several federal laws that you may not be aware of, including Title IX. A federal court in North Carolina recently upheld that theory in a June 17 ruling that should put independent schools across the country on notice. What should you know about the Karanik vs. Cape Fear Academy, Inc. case – and what should your school do if you have accepted Paycheck Protection Program (PPP) loans or Economic Disaster Disaster Loans (EIDLs) under the CARES Act?

Unusual pursuit for unusual times

Cape Fear Academy, based in Wilmington, North Carolina, has found itself facing a federal lawsuit for gender discrimination and retaliation after three students alleged they were harassed by multiple classmates over the course of the year. school year 2020-2021. What made this lawsuit unique, however, was that the students alleged violations of Title IX of the Education Amendments of 1972 – commonly known as Title IX – which prohibits discrimination on the basis of sex in any educational program or activity.

The school asked the court to drop the lawsuit, arguing that it did not accept federal financial aid and, therefore, was not subject to Title IX. And while the school did not accept such financial aid in the usual way, it applied for a $1.2 million PPP loan in April 2020 and received the money on May 4, 2020.

Decision depends on PPP loan status

For those unfamiliar, the first COVID stimulus measure passed by Congress in late March 2020 (the CARES Act) allowed small and medium-sized businesses to apply for federal loans—in many cases forgivable—to cover payroll and other expenses. An easy-to-miss layout on page 4 of the Small Business Association (SBA) application that some members of the educational community may have forgotten (or misunderstood):

Civil Rights (13 CFR 112, 113, 117) – All companies receiving financial assistance from the SBA must agree not to discriminate in any business practice, including employment practices and service to the public based on the categories cited in 13 CFR Parts 112, 113 and 117 of the SBA Regulation. All borrowers must display the SBA-mandated “Equal Employment Opportunity Poster”.

Although there is no doubt that the school accepted a PPP loan during the pandemic, she argued that the loan did not trigger Title IX compliance – while students argued that it put squarely school on the hook. And that was the crux of the legal dispute.

The school argument

Cape Fear Academy argued that the PPP loan was ineligible for “federal financial assistance” because a private bank issued the loan funds to the school and in turn submitted an application to the SBA for a guarantee. of his loan.

Under the terms of the CARES Act, the SBA ultimately waived the school’s entire PPP loan and repaid the full amount to the private bank on June 15, 2021. The school thus argued that the loan PPP fell under an exclusion in the definition of “federal financier”. assistance” because she believed that the loan was in fact a “contract of guarantee.

Justice slams the door of the school

U.S. District Court Judge James Dever for the Eastern District of North Carolina was not buying what the school was selling. He denied the school’s motion to dismiss the lawsuit and said the case should proceed due to the school’s receipt of the PPP loan.

He concluded that a PPP loan is definitely considered “federal financial assistance” that subjects a recipient to Title IX because it is a “federal financial assistance grant or loan.” He said there were no legal consequences that a private bank actually disbursed the PPP loan funds. Instead, the critical fact was that the SBA, acting under the CARES Act, both authorized and guaranteed the funds. “And because PPP borrowers are the intended recipients of Congress,” the judge said, “they are not merely economic beneficiaries of someone else’s receipt of federal financial assistance.”

In addition to the plain language of the request, the judge could also have cited to the SBA FAQs for faith-based organizations who noted very clearly that acceptance of an SBA loan constitutes receipt of federal financial assistance. Again, this does not seem like a surprising result given that under many federal laws beyond Title IX, acceptance of such assistance requires the borrower to comply with certain rights laws. civilians.

How long does it last?

The next key question to ask was how long Title IX coverage coverage would weigh on the school. In that case, the judge found that the school was to be held subject to Title IX from May 4, 2020 – the date the school first received loan proceeds – until June 15, 2021 – the date to which the SBA forfeited the school’s loan and repaid the Private Bank. In this specific case, that meant the student sexual harassment case (based on behavior that allegedly took place during the 2020-2021 school year) could be dealt with under Title IX.

What should your school do?

While this decision only binds beneficiaries of North Carolina schools, it would not be surprising if this same decision were repeated by other federal courts across the country. Therefore, if you received federal PPP (or EIDL) loans under a pandemic relief program, you should assume that there is a good chance that you are also subject to the grip of the title IX.

A few things to consider:

  • As we noted in April 2020, simply applying for an SBA loan seems unlikely to make the applicant a recipient of federal financial assistance. If you simply applied for a loan but did not receive or accept any funds, you are probably not liable for that reason alone.
  • If other courts follow the reasoning of the North Carolina court, a school will only be liable for federal wrongdoing under Title IX and similar statutes for actions that occurred during the time the loan was in progress. This is true even if you have no outstanding obligations (i.e. once the loan has been paid off or cancelled).
  • If your PPP or EIDL loan remains unpaid or unforgiven on this date, the period that you can remain subject to Title IX is likely ongoing – and will most likely remain in place until the loan is cleared from the books.

If you are learning for the first time that you may still be subject to the various laws involved in receiving federal financial assistance, you should seek the assistance of your education or employment attorney to determine the best way to comply with your obligations. This may include changing policies, procedures, postings and surveys. In addition to Title IX, your school may also have obligations under Section 504 of the Rehabilitation Act, the Education Rights and Family Privacy Act (FERPA), and other similar laws.

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Federal Court Confirms Schools Accepting PPP Loans Must Comply with Title IX https://steveazarlive.com/federal-court-confirms-schools-accepting-ppp-loans-must-comply-with-title-ix/ Wed, 13 Jul 2022 19:15:31 +0000 https://steveazarlive.com/federal-court-confirms-schools-accepting-ppp-loans-must-comply-with-title-ix/ As of April 5, 2020, we warned independent schools that accepting COVID stimulus money in the form of loans could require you to comply with several federal laws that you may not be aware of, including Title IX . A federal court in North Carolina recently upheld that theory in a June 17 ruling that […]]]>

As of April 5, 2020, we warned independent schools that accepting COVID stimulus money in the form of loans could require you to comply with several federal laws that you may not be aware of, including Title IX . A federal court in North Carolina recently upheld that theory in a June 17 ruling that should put independent schools across the country on notice. What should you know about the Karanik vs. Cape Fear Academy, Inc. case – and what should your school do if you have accepted Paycheck Protection Program (PPP) loans or Economic Disaster Disaster Loans (EIDLs) under the CARES Act?

Unusual pursuit for unusual times

Cape Fear Academy, based in Wilmington, North Carolina, has found itself facing a federal lawsuit for gender discrimination and retaliation after three students alleged they were harassed by multiple classmates over the course of the year. school year 2020-2021. What made this lawsuit unique, however, was that the students alleged violations of Title IX of the Education Amendments of 1972 – commonly known as Title IX – which prohibits discrimination on the basis of sex in any educational program or activity.

The school asked the court to drop the lawsuit, arguing that it did not accept federal financial aid and, therefore, was not subject to Title IX. And while the school did not accept such financial aid in the usual way, it applied for a $1.2 million PPP loan in April 2020 and received the money on May 4, 2020.

Decision depends on PPP loan status

For those unfamiliar, the first COVID stimulus passed by Congress in late March 2020 (the CARES Act) allowed small and medium-sized businesses to apply for federal loans — in many cases forgivable — to cover payrolls. and other expenses. An easy-to-miss layout on page 4 of the Small Business Association (SBA) application that some members of the educational community may have forgotten (or misunderstood):

Civil Rights (13 CFR 112, 113, 117) – All companies receiving financial assistance from the SBA must agree not to discriminate in any business practice, including employment practices and service to the public based on the categories cited in 13 CFR Parts 112, 113 and 117 of the SBA regulations. All borrowers must display the SBA-mandated “Equal Employment Opportunity Poster”.

Although there is no doubt that the school accepted a PPP loan during the pandemic, she argued that the loan did not trigger Title IX compliance – while students argued that it put squarely school on the hook. And that was the crux of the legal dispute.

The school argument

Cape Fear Academy argued that the PPP loan was ineligible for “federal financial assistance” because a private bank issued the loan funds to the school and in turn submitted an application to the SBA for a guarantee. of his loan.

Under the terms of the CARES Act, the SBA ultimately waived the school’s entire PPP loan and repaid the entire amount to the private bank on June 15, 2021. The school thus argued that the loan PPP fell within an exclusion in the definition of “federal financier”. assistance” because she believed that the loan was in fact a “contract of guarantee.

Justice slams the door of the school

U.S. District Court Judge James Dever for the Eastern District of North Carolina was not buying what the school was selling. He denied the school’s motion to dismiss the lawsuit and said the case should proceed due to the school’s receipt of the PPP loan.

He concluded that a PPP loan is definitely considered “federal financial assistance” that subjects a recipient to Title IX because it is a “federal financial assistance grant or loan.” He said there were no legal consequences that a private bank actually disbursed the PPP loan funds. Instead, the critical fact was that the SBA, acting under the CARES Act, both authorized and guaranteed the funds. “And because PPP borrowers are the intended recipients of Congress,” the judge said, “they are not simply economic beneficiaries of someone else’s receipt of federal financial assistance.”

In addition to the plain language of the request, the judge could also have cited to the SBA FAQs for faith-based organizations who noted very clearly that acceptance of an SBA loan constitutes receipt of federal financial assistance. Again, this does not seem like a surprising result given that under many federal laws beyond Title IX, acceptance of such assistance requires the borrower to comply with certain rights laws. civilians.

How long does it last?

The next key question to ask was how long the coverage of Title IX coverage would weigh on the school. In that case, the judge found that the school should be held subject to Title IX from May 4, 2020 – the date the school first received loan proceeds – until June 15, 2021 – the date at which the SBA waived the school’s loan and repaid the Private Bank. In this specific case, that meant the student sexual harassment case (based on behavior that allegedly took place during the 2020-2021 school year) could be dealt with under Title IX.

What should your school do?

While this decision only binds beneficiaries of North Carolina schools, it would not be surprising if this same decision were repeated by other federal courts across the country. Therefore, if you received federal PPP (or EIDL) loans under a pandemic relief program, you should assume that there is a good chance that you are also subject to the grip of the title IX.

A few things to consider:

  • As we noted in April 2020, simply applying for an SBA loan seems unlikely to make the applicant a recipient of federal financial assistance. If you simply applied for a loan but did not receive or accept any funds, you are probably not liable for that reason alone.
  • If other courts follow the reasoning of the North Carolina court, a school will only be liable for federal wrongdoing under Title IX and similar statutes for actions that occurred during the time the loan was in progress. This is true even if you have no outstanding obligations (i.e. once the loan has been paid off or cancelled).
  • If your PPP or EIDL loan remains unpaid or unforgiven on this date, the period that you can remain subject to Title IX is likely ongoing – and will most likely remain in place until the loan is cleared from the books.

If you are learning for the first time that you may still be subject to the various laws involved in receiving federal financial assistance, you should seek the assistance of your education or employment attorney to determine the best way to comply with your obligations. This may include changing policies, procedures, postings and surveys. In addition to Title IX, your school may also have obligations under Section 504 of the Rehabilitation Act, the Education Rights and Family Privacy Act (FERPA), and other similar laws.

Conclusion

We’ll be monitoring these developments and providing updates as needed, so make sure you’re subscribed to Fisher Phillips’ Insights to get the latest information straight to your inbox. If you have further questions, contact your Fisher Phillips attorney, the author of this overview, or any attorney in our Education Practice Group.

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21% of crypto investors use loans to pay for their investments, with some using car titles and payday loans https://steveazarlive.com/21-of-crypto-investors-use-loans-to-pay-for-their-investments-with-some-using-car-titles-and-payday-loans/ Thu, 07 Jul 2022 07:00:00 +0000 https://steveazarlive.com/21-of-crypto-investors-use-loans-to-pay-for-their-investments-with-some-using-car-titles-and-payday-loans/ The crypto market has crashed significantly, with prices dropping so much that some have called the downturn a “crypto winter.” While the news is bad for crypto investors overall, it is particularly damaging for those who have taken out high-interest loans and put up collateral to fund their risky bets. According to a recent survey […]]]>

The crypto market has crashed significantly, with prices dropping so much that some have called the downturn a “crypto winter.” While the news is bad for crypto investors overall, it is particularly damaging for those who have taken out high-interest loans and put up collateral to fund their risky bets.

According to a recent survey published by DebtHammer – which tracked the investing habits of 1,500 Americans – a large minority of crypto investors have used loans to fund their investments.

“More than 32% of cryptocurrency investors have used a payday loan in the past, and 11% have used a payday loan or title loan to invest in cryptocurrency, despite interest rates dropping. three digits,” the survey summary reads.

In the breakdown, it shows that 21% of crypto investors have taken out a loan to fund their investments; 11% used a payday loan between $500 and $1,000; 19% of the group said they had trouble paying a bill due to investing in crypto and 15% admitted they feared eviction.

Other results show that 35% of investors have used credit cards to pay for crypto investments; 5% of investors lost $100,000 or more; and 52% of those who used payday loans lost up to $1,000 investing.

Financial experts have warned against using payday loans in general. However, this advice should be amplified if taking one out to invest – especially in a volatile digital asset like crypto – experts say.

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John Hope Bryant is a serial entrepreneur and founder of Bryant Group Ventures, Promise Homes and Operation HOPE, the latter providing financial dignity and economic empowerment programs for low-to-middle income youth, individuals and families in the underserved communities.

“Never use expensive short-term debt to buy highly speculative long-term assets,” Bryant tweeted. “That said, 10% of crypto buyers timed buying with the expectation of ‘selling,’ with the next credit card bill. And 42% of payday loan users traded or spent crypto. change.

Dr. Merav Ozair, a blockchain expert and professor of financial technology at Rutgers Business School, echoed Bryant’s advice in an interview with DebtHammer.

“Never take out a loan to invest. Only invest the money you need,” Ozair told DebtHammer. “A lot of people think they can become a millionaire in a day, which never happens.”

Ozair also told DebtHammer that prospective investors should never leverage an asset — like their home or car — in a speculative investment.

Dr. Leonard Kostovetsky, an assistant professor at Boston College’s Carroll School of Management, echoed other experts who warned against giving in to social media trends that advised people to “buy the dip ” in cryptography.

“It is an exceptionally risky and foolish idea to take out a loan to buy cryptocurrency,” Kostovetsky said. “Anyone who did this should immediately sell enough cryptocurrency to repay their loan in full, or risk having to default on that loan in the future.”

PHOTO: An advertisement for the Bitcoin cryptocurrency is displayed on a street in Hong Kong on February 17, 2022. Cryptocurrencies have suffered their worst fall since 2018. As prices fall, businesses crumble and skepticism soars , fortunes and jobs disappear overnight and investors are feverish. speculation has been replaced by icy calculation, in what industry leaders are calling a “crypto winter.” (AP Photo/Kin Cheung, File)

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Five Top Questions About Florida Title Lending https://steveazarlive.com/five-top-questions-about-florida-title-lending/ Mon, 27 Jun 2022 23:19:06 +0000 https://steveazarlive.com/five-top-questions-about-florida-title-lending/ Some lenders offer the so-called second lien title loan, using which you can apply for a title loan without a clear title and without a lien. A clear title simply means that the car is entirely with you, no one asks about car ownership, and there are no outstanding loans on the car. A second […]]]>

Some lenders offer the so-called second lien title loan, using which you can apply for a title loan without a clear title and without a lien. A clear title simply means that the car is entirely with you, no one asks about car ownership, and there are no outstanding loans on the car.

A second lien title loan application process is very similar to submitting a normal title loan application, the main point is that you must provide verification of your first lien as opposed to a clear title.

Although you can’t get a title-secured or pawn loan without a title or with existing liens, some lenders offer a convenient application process for personal loans and lines of credit, which don’t require a title. The personal loan can be the right solution to quickly settle unforeseen expenses!

The lenders offer great flexibility and a fast application process. Also, in some states, you can choose between an offline or online option.

Interview with Auto Credit Advisor, Maggie Gallagher

The instant loan issue is becoming more and more popular these days. Today we have Auto Loan Advisor Maggie Gallagher to help us clear up any doubts you may have and answer the most common questions about title loans in Florida.

Hello, Maggie, thanks for coming here today!

Hello Louisa! Thank you for inviting me. It is undeniable that many of us are going through the economic hardships and the instant loan is of great current interest and growing rapidly in the market. Therefore, this will be the key question for today’s conversation. I am here to fully inform you and give our readers the detailed answers touching on this subject.

Q: One is to choose from different types of instant loan options. Why would you recommend our reader to opt for securities lending?

The first reason is that bad credit is not a problem. A title loan is a loan usually secured by the use of your vehicle as collateral. Boats, trucks and recreational vehicles, as well as other items, can be financed. Many people use title loans to fix their credit score quickly. You only need to have a stable income and a vehicle with a clear title. This is why the title loan is a perfect solution. a simple and convenient online application, fast approval and no credit check required, which is important for borrowers with bad credit. Disadvantages are high interest rates, short repayment periods

Q: Maggie, can you tell us if online car title lending is illegal in Florida?

A: Good question. It is legal. Also, it’s always a good idea to check. After you apply for a title loan online, you instantly receive cash on the equity in your vehicle. The amount of your loan is determined based on the value of your vehicle. For instance, Florida Securities Lending on MaggieLoans range from $250 to $10,000.

Q: One more question. How do I get out of a title loan in Florida?

A: Once you have received payment, the lender is the owner of your vehicle. Repaying the loan with interest is all you need to do to get the title back loan, and then the title will be returned to you according to the terms of the contract.

Q: Maggie, can I pawn my car title online in Florida? Tell us about the application process.

A: You can apply for cash anywhere in Florida through the online approval process! Applying online has long been the fastest way to get cash for emergency needs. You can skip the hassle of applying at physical locations and choose a more convenient option in Florida. In addition, the whole journey is super simple and takes no more than ten minutes.

Let me describe the process. The applicant selects a suitable lender, goes to their website and provides the necessary information about themselves. It is very convenient to have your vehicle inspected online using photos and videos. Your application will be reviewed and approved immediately. It’s here! You are ready to receive payment. Most often, the information you need to provide is your name, your address, your income, your contact details. And the last step. The lender contacts you to settle the terms of the loan and the repayment of the debt.

Q: Thanks a lot! And does Florida allow prepayment penalties on online car loans?

A: A prepayment penalty is a sum of money that a lender takes when you prepay your mortgage partially or completely. Fortunately, not all mortgages carry a prepayment penalty. A lender cannot impose a penalty for early repayment of all or part of a loan.

Q: And the last question, can a vehicle be repossessed on private property in Florida?

A: A lender can take possession of titled personal property only through an agent licensed by the state to repossess motor vehicles.

The information you have given us will certainly help our readers form an opinion. We would like to thank auto credit counselor Maggie Gallagher once again for giving an interview to sflcn.com. Learn more About Maggie Gallagher.

Stay tuned!

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Title loans: what you need to know https://steveazarlive.com/title-loans-what-you-need-to-know/ Mon, 13 Jun 2022 07:00:00 +0000 https://steveazarlive.com/title-loans-what-you-need-to-know/ Car title loans are designed for people who need cash fast. They offer a short term loan using the title of your vehicle… Car title loans are designed for people who need cash fast. They offer a short-term loan using your vehicle title as collateral. Some lenders don’t do credit checks and may not even […]]]>

Car title loans are designed for people who need cash fast. They offer a short term loan using the title of your vehicle…

Car title loans are designed for people who need cash fast. They offer a short-term loan using your vehicle title as collateral. Some lenders don’t do credit checks and may not even require proof of employment or income, making auto title loans easy to access, even for consumers with troubled credit histories.

But like many other loans available to consumers with bad creditHowever, the appeal of these cash loans is overshadowed by their high costs and severe consequences if you cannot repay what you owe. Here’s what you need to know about how title loans work and the pros and cons of using them.

[Read: Best Bad Credit Loans.]

How Securities Lending Works

A title loan provides short-term financing for borrowers who own their car or own a significant portion of it. Lenders use your vehicle title – a document that proves you own your car – as collateral for the loan and generally require payment within 15 or 30 days.

Lenders can offer title loans online or through a physical location. You will fill out a file to apply. If you are not already in a physical store, you will need to visit one to present your car.

You’ll also need to provide a clear title – although some lenders don’t even require this – photo ID, proof of insurance, and any other documents the specific lender might need. You may also need to give the lender a second set of car keys. That said, you will keep your car during the reimbursement process.

If you are unable to repay the debt on time, you may have the option of turning your existing title loan into a new one, but this will only add more interest and fees. If you end up defaulting, the lender can seize your vehicle and sell it to recover what you owe.

Since title loans can have very high interest rates, they are not allowed in all states. In some they are completely prohibited, and in others there are interest rate caps. In some states, however, there are no regulations.

How much can you borrow?

You can usually borrow between 25% and 50% of the value of your car. Loans can range from $100 to $10,000, depending on the lender. You’ll pay what you owe in person, online or by direct debit from your checking account.

How much do title loans cost?

With such a short repayment term, car title loans are an expensive form of credit, and even the best car title loans can charge three-digit annual percentage rates, which include interest and fees.

“Title loans often come with a host of additional costs, including processing, documentation and loan origination, totaling hundreds of dollars,” says Lyle Solomon, senior counsel at Oak View Law Group, which provides debt relief services. “The purchase and payment of a vehicle roadside assistance package may also be required in some cases.”

For example, let’s say you borrow $800 and the finance charge is 25% of the loan amount, or $200. If the loan is due within 30 days, your APR is around 304%. That’s way more than you’ll pay even with some personal loans for bad credit.

“Security lending often falls into the category that many lenders consider predatory lending,” says James Garvey, CEO and co-founder of Self Lender, which offers credit-generating loans.

[Read: Best Personal Loans.]

Do title loans affect your credit?

Generally, title loans do not affect your credit score as there is usually no credit check when you apply. Also, lenders probably won’t report your payment to the credit bureaus, and if you default, the lender will usually repossess your car and sell it instead of sending your debt to a collection agency.

The fact that title loans don’t affect your credit can be a good thing or a bad thing. If your credit history is already bad, that won’t stop you from getting a title loan. Also, missing a payment probably won’t hurt your score any further. On the other hand, making payments on time will also not help your credit score.

Advantages and disadvantages of title loans

As with any financial product, there are usually pros and cons. However, the disadvantages of predatory loans like these usually far outweigh the advantages. Here’s what you should consider:

Advantages

Easy qualification. Even if your credit is bad, you can get approved as long as you hold the title to your car, have enough capital, and your income meets the lender’s requirements.

Simple approval process. You don’t need to submit to a credit check, so the process usually doesn’t take long.

Quick access to cash. As long as you have everything the lender needs, you can walk out of the store with the money the same day.

The inconvenients

You can lose your car. The worst case scenario with a car title loan is that you cannot repay the debt and the lender seizes your car. According to a report 2016 per the Consumer Financial Protection Bureau (the most recent statistics available), this happens to 20% of people who take out title loans.

You can easily go over your head. CFPB research also found that more than 80% of car title borrowers take out a new loan the day the first is due because they can’t afford to repay the first. More than half of all title loans mature into four or more consecutive loans by the time borrowers can repay the debt. Since each new loan adds more interest and fees, you could end up with a lot more debt than expected.

Title loans are expensive. Even if you repay on time, title loans incur far higher costs than most other loan options.

[Read: Best Debt Consolidation Loans.]

Alternatives to Car Title Loans

If you have bad credit, you might think you have no other options. After all, that’s why title loans are still popular, despite being such a threat to your financial well-being.

Still, it’s usually best to avoid this financing option. “Almost every other loan option out there is better than a title loan,” Solomon says. These alternatives can offer borrowers with bad credit access to funds without as much risk as a car title loan.

Family and friends. Going to family members or friends for money is not easy. But if you have trusted relationships and are confident you can repay what you borrow, consider applying for an unofficial loan.

Personal loan for bad credit. Some personal lenders specialize in working with people who have bad credit. Interest rates and fees can always be higher than what you would pay with good Where great credit, but they’re probably much lower than what a title lender will charge you, and you’ll usually get a longer repayment term. This reduces the risk that you will need to re-borrow to pay off your debt.

Financial aid services. Depending on where you live, your state or local government may provide access to temporary financial assistance. These programs can provide help with medical bills, food, child care, utilities, emergency expenses and more. If you’re looking for quick cash to cover any of these, you might be able to get it without any strings attached or costly debt. You can also find this kind of help through local nonprofits, charities, and religious organizations. Garvey says, “Some nonprofits, such as the Mission Asset Fund, offer low-interest loans (even 0%).”

Payday advance. Your employer may be willing to provide an advance on your next paycheck. While this can cause problems when you need that money later, it can give you some time to figure things out. If your employer doesn’t offer payday advances, services like Earnin, MoneyLion, Dave and Brigit allow you to get a payday advance with little or no fees or interest required.

Alternative payday loan. Some credit unions offer alternative payday loans to eligible members. The interest rate on these loans is capped at 28%, making them much cheaper than some traditional personal loans.

Credit advice. If your financial problems are a symptom of crippling debt, working with a credit counselor can help you make more room in your budget. Credit counseling agencies may be able to use a debt management program to help you get relief from late payment fees and lower interest rates on your existing loans. Credit counselors can also help you get your finances back on track for the future. Garvey says, “The ultimate key to breaking the cycle of limited options and high interest loans is to build the credit you need to access more reputable financial products.”

The important thing is that you take the time to consider all of your options and look for ways to get the financial help you need without sinking deeper into high-interest debt.

More US news

What is a bad credit score?

Can I get a personal loan with bad credit?

How to get a debt consolidation loan with bad credit

Title loans: what you need to know originally appeared on usnews.com

Update 06/14/22:

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A basic guide to a chain of title https://steveazarlive.com/a-basic-guide-to-a-chain-of-title/ Wed, 25 May 2022 04:29:23 +0000 https://steveazarlive.com/a-basic-guide-to-a-chain-of-title/ What is a chain of title in real estate? A chain of title is a series of documents that can be used to support the current owner’s claim. In the case of home ownership, a deed is used to show current ownership. But documents in the chain of title must follow an unbroken chain of […]]]>

What is a chain of title in real estate?

A chain of title is a series of documents that can be used to support the current owner’s claim. In the case of home ownership, a deed is used to show current ownership. But documents in the chain of title must follow an unbroken chain of ownership back to the original owner.

The chain of title deeds will include information on any fillers, seizures and transfers of property. All documents in a chain of title must be mutually supportive. Without a consistent house record, the chain of title can get messy.

For example, if someone makes a mistake when registering the deed, it can be confusing. The party with a duly registered deed will have standing to assert its claim to the property in question.

If ever someone questions your ownership of the property, the chain of title should be able to indisputably safeguard your right to the property.

Other Uses of a Title String

A chain of title is not limited to the use of physical assets. Although less common, chains of title are important for intangible property, including timber or mineral rights, and intellectual property, including music and movies.

For the above, the chain of title is essential for buyers to ensure that the seller actually has the right to sell the assets in question.

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What is a Certificate of Title in Real Estate? https://steveazarlive.com/what-is-a-certificate-of-title-in-real-estate/ Wed, 25 May 2022 01:28:01 +0000 https://steveazarlive.com/what-is-a-certificate-of-title-in-real-estate/ What is a certificate of title? A certificate of title is a legal document issued by a government agency that indicates proof of ownership of real estate or titled personal property, such as a car or boat. Once ownership is transferred at closing, the certificate of title is proof of ownership. It sets out all […]]]>

What is a certificate of title?

A certificate of title is a legal document issued by a government agency that indicates proof of ownership of real estate or titled personal property, such as a car or boat. Once ownership is transferred at closing, the certificate of title is proof of ownership. It sets out all liens, easements and other claims against title.

The document includes information such as:

  • The name of the owners or title holder
  • Description of the house or property
  • Lien holder information (if applicable)

Upon sale of the property, the certificate of title will pass to the buyer, provided there are no mishaps along the way. However, if the certificate of title is “dirty”, meaning it contains liens or easements, further research will need to be done to see how this affects the home purchase.

When buying real estate, make sure the seller has a clear title to sell to the buyer. Certificates of title with liens or drawdowns from creditors can present a problem.

For example, suppose the owner of a property you are interested in has outstanding mortgage payments or owes contractors for work they have done on the house. Since the title is unclear, the new owner would be responsible for resolving those liens, which after buying a new home is the last thing you want to deal with.

Buying a home with a free and clear title ensures that you will have complete ownership and that third parties will not ask questions of ownership in the future.

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