Difference between Living Costs in LA Make Emergencies More Likely

Car Cash Loans says that short-term loans like car title loans can provide an effective stopgap between paychecks when unexpected expenses rear their heads.
By: Car Cash Loans
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* Car Title Loans

* Loans

* Los Angeles - California - US

LOS ANGELES - March 23, 2020 - PRLog -- A recent article on the Smart Asset website details the cost of living in Los Angeles compared to other major cities across the United States. While Los Angeles did not top the list – that honor belongs to San Francisco – the average monthly mortgage payment for a single-family home was about $2,600 while renting a three-bedroom apartment costs, on average only about $200 less per month. Once food and other bills are totaled, the cost of living in Los Angeles can easily top $4,000 per month for a small family. According to the US Census Bureau, the average family income in Los Angeles is about $64,000 per year, which equals about $5,300 a month. That leaves an extremely small margin for error should a major unexpected expense occur. Los Angeles based lender Car Cash Loans says that living in Greater LA can be financially burdensome all on its own. Like a Jenga game, it can feel pretty shaky when bills are precariously stacked on top of each like wooden blocks. All it takes is one block too many for the structure to collapse.

Car Cash Loans notes that both title loans and car pawn loans can present effective solutions for dealing with immediate financial concerns such as medical bills after an emergency, urgent home repairs, or needing to bail out a loved one who has been arrested. A title loan, the firm says, allows people to borrow money against the value of their vehicle, which they can still use to get to and from work and to take care of family responsibilities. The lender says that, since title loans are secured by the value of a car the customer owns the title to, it does not require a credit check and most borrowers can qualify even if they have bad credit or no credit.

For those who either do not qualify for a title loan, however, all is not lost. Car Cash Loans says that customers may still borrow money against the value of their vehicle but as a pawn which they will leave with the lender. Customers can then either pay off the loan or relinquish ownership – for this reason, it is recommended that these vehicles be secondary vehicles such as motorcycles, RVs, or classic cars. Car Cash Loans says that, regardless of the situation, discretion is maintained at all times.

Interested readers can learn more about Car Cash Loans and their financial services by visiting their website at https://carcashloans.com/ or by calling (800) 988-5020.

Car Cash Loans
Tags:Car Title Loans
Location:Los Angeles - California - United States
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