If you live or work in Alabama, you may occasionally take advantage of auto title loans or paycheck advances to help make ends meet between pay periods. While these loans can provide a much needed financial boost to get you through a dry patch, if you fall behind during the repayment process, it could be hard to catch back up without an additional cash influx. However, this process could soon be changing to help make title loans more affordable to all Alabama residents and visitors.
The process of buying a car should be exciting, but it can turn out to be a frustration if you are financing a vehicle. Much of the problem is that prospective car buyers don't understand the financing process, and that lack of knowledge can cost them more money than necessary. Fortunately, much of the confusion can be cleared up by simply understanding some of the terminology and lingo used in financing.