My wife jokes I moved to Knoxville from Atlantic City because I’m not a gambler.  And she’s right about that (I also did it to marry her).  But it’s true, I’m not one to put money and possessions at risk.  

So would you expect me to get an auto title loan to cover an unavoidable expense?  

Few would.  And, I’d do it again if I had to.

My wife was in an accident in 2006.  Because she has lingering injuries she’s not able to work.  She takes care of the kids with help from her sister, but it’s a struggle, every day.  

Fortunately our whole family is on my company health insurance benefits program.  But that has been a declining value lately, too. We now pay much higher premiums than just a few years ago. Costs to our family rose in two years by more than $350 per month. We are responsible for bigger deductibles and co-pays, all while premiums are going up and we pay a greater percentage of those.   

Andrea is on medications for pain, and recently had an operation to help ease that.  To my shock, our out-of-pocket costs came in at $3300. Normally, I would dip into the home equity account for that. But we had used almost all of that for renovations in 2004 and had trouble keeping up the payments with Andrea not working.  Given the current economic state, the bank would not increase the size of that loan now.  We technically have “bad credit” because of all that’s happened.  If we sold our house, we’d owe $40,000 on it after the sale.  And that’s IF if we could find a buyer at all.  Who wants to be homeless with a $40,000 bill?

We were at our wits end when we hit on the idea of a car title loan. Under the circumstances, it was a way to buy time and work out a plan.

Our source for fast cash was Knoxville Car Title Loans.   You go online, spend about 20 minutes on the online application and boom, there it is. You get money in your checking account the very next day.  I recommend to anyone in this situation to find a vehicle title loan company.  I would use it again if the situation called for it.  

- Leander M.

Tags: auto title loan, fast cash, Knoxville, Knoxville Car Title Loan, online application, Tennessee

This entry was posted on Monday, October 20th, 2008 at 6:32 am and is filed under Tennessee. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.