Secured Credit Cards : Secured Lines of Credit

Thursday, November 17, 2011

Automobile Title Loans - How to use them Responsibly

Automobile Title Loans are given by companies who use your car title, as collateral for the loan or line of credit. These sorts of loans had been developed by private companies to give consumers an opportunity to get quick cash for emergencies. When employed irresponsibly, they can harm a persons credit.

When employed responsibly, however, a car title loan can help you get the cash you need when you need it and assist in rebuilding your credit rating at the very same time. The following are some issues to consider when thinking about getting an auto title loan or car title loan.

Understand the Terms & Conditions

Before you enter into an arrangement for an automobile title loan, make sure that you understand all the terms and conditions. This will help you steer clear of companies who charge usury rates or lock you into agreements which require you to spend 3,4 or 5 times the amount of the original debt.

Contemplate All Your Choices

If you have a income producing job, you should look at all your financing options. These include conventional loans, credit cards, personal loans and even friends and family.

Once you have decided on a car title loan, make sure to look at the various companies offering the loans. They are not regulated so interest rates can range from 4.9% to over 14% per month. Also make sure the loans don't have a prepayment penalty.

After doing your research, take a look at Fidelity One Credit Corp. They offer a new product which instead of being a secured installment based loan is a secured revolving line of credit. What makes our product better is that by offering a revolving line of credit, our payments are flexible. If you can only pay the minimum one month, there is no penalty. The next month you can pay more or pay the minimum again. This allows our clients to pay more when they can and only the minimum when they can't. This creates a win-win situation for the consumer. In addition, we also charge the lowest rates nationwide.

Have a Program for Repayment

Some lenders of title loans do not need proof of cash flow or work when approving your bank loan. With Fidelity One, we work with each customer to make sure they can afford the loan before we extend a revolving line of credit. Once again, this creates a win-win situation for our customers. We understand that most people are not trying to buck the system. They just need access to cash to meet short term emergencies in today's economy. So before you sign any documents, make sure you can afford the repayment plan.

Repay On Time or Earlier if Possible

Once you have a traditional car title loan or Fidelity One Auto Secured Revolving Line of Credit, always make sure to make your required payments on time to avoid a late payment penalty. Also, if you can, always try to pay more than required each month if possible so that you can pay off the loan or line of credit early.

Avoid Contracts with a Balloon Payment

Some companies offer loans with small payments but have a balloon payment at the end of the loan. Avoid these types of loans unless you know that you will have the money for the balloon payment. The main reason is the potential that you will just get your self deeper in debt once the balloon payment comes due because you still owe the money plus any additional interest and fees you didn't pay during the loan.

Also if you are the type of person who has a difficult time remembering payment dates, you should consider signing up for direct monthly payments. This way you avoid any late payment penalties.

Locating a Suited Loan company

Stay away from loan companies with predatory lending practices developed to get you deeper in personal debt. Look for reputable loan companies (ie.. Companies signed up with the Better Business Bureau) that provide flexible time period alternatives and no prepayment penalty. Also make sure that they guarantee total confidentiality and will protect your private information to avoid identity theft.

If you realize how to use title loans responsibly and decide that it is the best alternative for you, don't hesitate any longer. Do your research and then visit our site and submit your application. We offer the best product with the best rates and have no prepayment penalty.

If you have further questions, please call one a member of our Cash Advance Team @ 888-245-1190

Posted By Fidelity At 1:33 PM • Trackbacks (1)

Thursday, May 12, 2011

Instant Line of Credit

Are you finding yourself in a position where you need an instant line of credit of $250 to $2,500? Are your credit cards maxed out and you can't get the additional credit you need to get you over the hump? Well, Fidelity One Credit Corp was created to serve this under served market.

Over the pat decade, we have seen the growth of unsecured credit card offers and paycheck cashing services. These products were meant to help the majority of consumers who for one reason or another are only a few paychecks away from being homeless and bankrupt. However; with various fiscal regulations and the current state of the economy, these services are failing the average consumer.

Fidelity One Credit Corp was designed to help those who need access to short term cash or just want to have a small line of credit to handle unforseen expenses. With a Fidelity One secured line of credit, the average consumer can get a quick loan of $250 - $2,500 without having to sell the family jewels at firesale prices.

We are set up to fund these small loans on a nationwide basis in a 24-48 hour period. Also, we are able to make these loans at a very low cost to you, the consumer.

Our process is very simple. We secure the loan utilizing the equity built into your car. If you own your car, you can use it as security for your line of credit and continue to drive your car. Better yet, since this is a line of credit, you can make payments on the loan in the same way you make credit card payments. A little at a time or all at one time. In addition, once you have established your line of credit with us, you can use it again and again and again.

Take a look at our website and apply for an instant line of credit. It will give you a sense of peace knowing that you are prepared for those unprepared expenses.

Posted By Fidelity At 3:30 PM • Trackbacks (1)

Saturday, April 16, 2011

Refinance with a secured line of credit

Are the interest rates on your credit card being increased?
Is the line of credit on your credit card being reduced?

We have heard this from a number of clients over the past few months. As credit continues to tighten in the market place, consumers are finding that the terms and conditions of having an unsecured credit card is becoming more expensive.

In the past decade, unsecured credit cards where easy to obtain and even if you had bad credit, you could find a no fee unsecured credit card with a low interest rate. Those days may be gone, but you can still get credit at a reasonable interest rate.

Fidelity One offers a secured line of credit by using other assets you own to secure your credit. These assets are vehicles to which you own. For example, do you own an RV or recreational vehicle? Do you own a motorcycle or boat? You can use these assets you own to set-up a secured line of credit.

The Fidelity One secured line of credit is designed to allow people to utilize the resale value of the vehicle or boat to access that cash today. This line of credit is also structured like a credit card so you can pay off the card over time. There is no set repayment schedule and no prepayment penalties.

This NEW form of credit is the perfect product for today's economic situation. It allows you to take control of your finances and manage your cash in a proactive manner.

Why get stuck paying a higher interest rate on an unsecured line of credit when you can refinance your credit from an unsecured line of credit to a secured line of credit and pay less monthly.

Apply now to see if one of the assets you own qualifies you to create a secured line of credit. If only takes a few minutes and gives you an additional option in managing your finances.

APPLY NOW FOR A SECURED LINE OF CREDIT.

Posted By Fidelity At 1:30 PM • Trackbacks (1)

Tuesday, March 15, 2011

Preparing For Unexpected Expenses

For most people over the past decade, receiving a credit card application in the mail or in your email on a daily or weekly basis was normal. However given the current economic situation we are facing, those days of obtaining credit or unsecured credit are coming to an end.

The future or at least the next 3-5 years will be a period in our economy where no growth or slow growth will be seen as a positive reflection on a company where as 5 years ago, companies where concerned about not growing at least 20% per year.

As a consumer and employee, it is important for you to understand this new economic environment and adjust your current expectations. Instead of believing you will always be able to easily borrow or raise money in case of an unexpected event, now is the time to arrange for that capital in advance.

One way to prepare is to apply for a secured credit card or secured line of credit. This can be accomplished by applying for a home equity line of credit or applying for a Fidelity One Secured Line of Credit using your car title to collateralize the line of credit.

Over the past decade, most people who own homes have used their home equity line of credit to pay for unexpected expenses. With that option no longer available for a large number of homeowners, their options have become very limited. This is where the Fidelity One Secured Line of Credit becomes a wonderful product.

The Fidelity One Secured Credit Card is a revolutionary product that allows you to use the value of your car to receive much needed cash either now or in the future and you keep the car. In addition, unlike a traditional car title loan, the Fidelity One Secured Credit Card allows you to pay the money back over time instead of requiring a fixed repayment date. Because of this change, the monthly payment is much smaller than a traditional car title loan.

Start planning for your the unexpected today and call one of our representatives to see if your car qualifies. (888-245-1190) If it does, you can prepare for that unexpected expense in an economy which is going to be very unforgiving for the next few years.

Posted By Fidelity At 3:26 PM • Trackbacks (1)

Sunday, February 13, 2011

The Largest Secured Line of Credit Ever Offered

This past weekend, The ECB (European Central Bank), created the largest secured line of credit in the history of the financial markets. Over the weekend, the ECB decided to secure ALL loans made from one ECB member bank to another ECB Bank. This was brought on by the current financial crisis.

As we have all learned over the past few weeks, the problems with the financial markets have little to do with cash, and everything to do with credit. Credit is what makes the world economy continue to grow on a consistent basis. Currently, banks are not providing credit to other banks or other companies in need of short term capital. As a result, companies can't finance growth or dips in revenue collections so they must stop producing products or cut back on their growth plans. The results of these actions are felt all the way down to the employee. This creates layoffs, plant closures, reduces company expenses and bankruptcies.

So the question for the average consumer is "How do I plan to manage this crisis in the overall market and not let it greatly affect my life?"

Well, one of the answers is to act in the same way the leaders of our financial markets are proposing to handle the crisis. With unsecured credit drying up, turn to secured credit to create a buffer in case you lose your job or have a need for some emergency funds to get you through the next few months.

To date , most consumers have turned to their home equity to manage a flucuation in their incomes. Since this source of secured credit has been also reduced due to the financial crisis, this is not an option. However, most consumers do not realize that they have an additional option in obtaining a secured line of credit. This secured line of credit is in their car, automobile, motorcycle, RV or other vehicle for which they have a clear title.

Fidelity One Credit Corp. and its sister company have been offering secured car title loans for the past 15 years. Recently however, we launched our new product which is the secured line of credit. The difference is that instead of having a set repayment date for your loan, you can repay the loan over a period of time. With this product, you can make the minimum payment or pay off the full amount every month.

So, if you are serious about managing your finances, plan ahead. Apply for a Fidelity One Secured Line of Credit and know that if you lose your job or are faced with a non planned expense, you have the security of knowing that you have access to a secured line of credit and can weather your own financial crisis. Apply Today by Clicking Here. Secured Credit Card Application

Posted By Fidelity At 11:35 AM • Trackbacks (1)