Monthly Archives: May 2016

How to get the best title loan rates?

Title loans

Title loans are term loans that are easily available by keeping your vehicle as collateral. Typically the loan amount is much lower than the vehicle’s resale value and also because the loan is for a short term period.  These loans can be best utilized during emergencies when a person needs quick cash.  Very little documentation is required to process these loans. The borrowers need to show his vehicle’s title, a savings or a checking account and proof of employment.

Next, you need to understand the nitty gritty of a car title loan. Here are some important terms and conditions that are linked to these loans:

The vehicle has to be paid off completely or nearly completely: It’s quite simple to understand that the vehicle’s title value will have less value as collateral if the loan is only half paid off.  So before shopping with any lenders, see how much you have paid towards your car loan. If you have paid very little towards your car loan, then you can try another option for short term loan such as paycheck loans.

No fixed maximum loan amount: Since the title loan is a short term loan, it’s not worth expecting to get 100% of the vehicle’s resale value. And moreover, it is hard to determine the actual resale value of your car or your truck. The maximum you can expect to get is 50% of the vehicle’s resale value. However, often times, this figure can go up to 75% of the vehicle’s resale value.


All the terms and conditions in black and white: Many lenders often disclose all the terms and conditions so that the borrowers are able to make their best decision when they are applying for the short term loan.  Sometimes, some lenders are seen who do not provide full disclosure.  Therefore, it is important to do your homework and research for the best title loans San Antonio companies before applying for any loan.

The borrower must pay off the loan before the end of the term: If the borrower is unable to pay off the loan by the end of the term, then he or she can roll over the loan, by taking another car title loan based on his vehicle’s title.

Facing the loss if you are unable to pay the loan: If you are unable to pay back the title loan, not only your vehicle gets repossessed, your vehicle will be auctioned and you won’t get the profits that your vehicle makes after its sale.

High interest rates and fees: It is very important to calculate the interest rates and fees before taking out any loan and putting your vehicle as collateral. Interest rates and fees add up quickly when compounded annually. And if the lender is charging annual interest in three digits, then it can turn out to be quite an expensive short term title loan.

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How Does Financial Spread Betting Work?

Spread betting is a financial derivative that allows traders to profit, or incur losses, relative to movements in the financial markets. Traders never own the underlying asset, so financial spread betting offers advantages over traditional forms of trading. Spread Betting

  • What is spread?

On any market a broker will provide a buy price and a sell price around the underlying market price. The difference between the buy and sell price is known as the spread.

For example, the Germany 30 (DAX), currently has a buy price of 10156 points and a sell price of 10155 points. The difference between these prices (10156 – 10155 = 1) is the spread.

Spread is also one of the costs of trading. The tighter a spread is, all things being equal, the lower the cost of trading.

  • How does a financial spread bet work?

Financial spread betting comes down to predicting which way a market will move in. If a trader believes a security will increase in value and goes‘long’, they will profit in line with each point increase above the buy price. Similarly, if they ‘go short’ and the market drops in value, they begin to profit in line with every point by which the market falls.

Using the Germany 30 example above, a trader speculates the market value will decrease and opts to ‘go short’ (sell) at a stake of £100 a point. As predicted, the Germany 30 falls by 10 points to a buy price of 10146 and a sell price of 10145. At this point, the trader decides to close their trade and take the profit. The trader opened trading at 10155 and closed at 10146, giving a difference of 9 points. Multiplied by the stake of £100, this returns a profit of £900.

If the Germany 30 moved against the trader’s position, a loss would be incurred equivalent to each point change in that direction.

  • How does spread betting differ from traditional forms of trading?

Going Short: When a trader owns the underlying asset they only profit when the market is rising. With a financial spread bet, traders can profit (or incur losses) when the market is falling.

Leveraged: In financial spread betting, a trader doesn’t need to deposit the entire notional value of their bet. Instead a margin of this value is deposited instead. This massively increases total exposure to the markets(and with it potential profits or losses).

Tax-free: Unlike traditional forms of trading, financial spread bets are currently free from UK Stamp Duty and UK Capital Gains Tax. Tax laws may change and this may be dependent on individual circumstances.

Risk Warning: Financial spread bets are leveraged products, which means you could lose more than your deposits. If you’re hazy on what that means, you shouldn’t trade.

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