Author - Fast Action Finance

Is it Easy to Get a Title Loan Online or Electronically?

With the new electronic age everyone wants to do their standard day to day transactions over the internet. We have seen this for banking, home sales, auto sales, vacation booking, the list goes on and on. Doing what used to be time consuming transactions, have now become very easy to do while sitting in the comfort of your home or office. But wait, now the consumer does not have to even be sitting at a computer at home or in the office, because with the proliferation of smart phones they can conduct their electronic business from basically anywhere. It is now fashionable for consumers to get loans online. It is very simple, just find the desired loan company, fill in the application and wait for the response. These loan companies will want to see certain documentation to prove your identity and legal ownership of any collateral that is being pledged to secure the loan, such as a vehicle for a Title Loan. But then again, using either a smart phone to take pictures of the documents or scanning them in a scanner, these required documents can then be emailed to the prospective lender. If you do not have a scanner then crisp clear pictures can be taken of the required documents with a smart phone and emailed. For those who do not feel that they have a sturdy enough hand to take a clear picture, there are apps that can be downloaded on your smart phone, such as Turboscan, that can assist you in getting a completely legible image of the necessary loan documents to the lender. When the lender receives all the documents needed to complete the loan, they prepare the loan documentation to send to you for signature. It is at this point that you will sign the documents and send back to the lender. A problem may arise if you have no way of printing the loan documents to sign. Progress is currently being made regarding electronic signatures that are acceptable to the lender and are legally binding. At the time of this writing, most lenders need an actual signature on the loan documents. But there is always a way around this problem. In this case, if the borrower has no means of printing the documents to sign and then send back to the lender, they can always have the loan company fax the documentation to a service company such as Staples, Mail Boxes, Etc., UPS Store, etc. where for a small per page fee the company will print the fax for the customer. The customer will then sign the documentation and have the service company fax it back to the lender, again for a small per page fee. Once the lender has received the signed loan documents back they will typically email the money to the borrower. If the borrower cannot accept email transfers then the money in many cases can be deposited directly into their account. A difficulty is sometimes encountered depositing the funds into a customer's account when they have an account with an obscure bank or trust company with few branches. This may preclude the lender from depositing the funds into the borrowers' account because there are no branches of the customer's financial institution economically close for the deposit to be made. However, as the majority of Canadians have accounts at the major banks, this seldomly becomes a problem. The process that I have just described for doing online loans is carried out smoothly, securely and efficiently by Fast Action Finance. Fast Action gives Title Loans online and is one of the leading leaders in not only lending against paid off vehicles, but also doing it online loans through what they call eLOANS. Fast Action Finance not only lends against paid off vehicles nine years old or newer, but also against movable equipment that it can hold (Collateral Loan), motorcycles, snow machines, and watercraft that it can hold (Motorcycle Storage Loans) and loans for repairs on vehicles even if they are financed or leased (Repair Loans).

Use Public Transit or Drive Your Own Car, Win With Title Loans

With today’s move towards saving the planet and using less non-renewable energy sources, such a s fossil fuels, the debate continues on whether to take public transit or drive your own car. Taking Toronto as an example, if you live near a Toronto Transit Commission (TTC) station and your work is also near a TTC station, then it is an easy decision to not take your car to work. If you and your work are not close to a TTC station, you can still take a bus or street car by themselves or in a combination with the subway. Also, if you need to take a bus that causes you to wait for the next bus, you can always consider using Uber or Lyft when the next bus’s arrival time will make you late. I would not suggest using this ride share service too often, but now and again to avoid being late can still work. The city of Toronto is attempting to make it easier for transit users get around and are currently in the process of building new subway lines and stations. There are other ways that people can avoid the brutal during peak periods. There are several apps available that help commuters see where the traffic is and decide on the best route. The tools show drivers where the traffic holds up are, but if everyone is looking at the same or similar app they will take these suggested routes and these too will become congested. Another solution is to car pool. However, if you are the only one who does this then you and your shared riders will be stuck in traffic together. The upside is that you will have somebody to keep you company. The QEW has a designated lane for higher occupancy vehicles on some parts and hopefully other major routes will have the same thing soon as well. Have you ever considered working at home? Many people are asking to be allowed to work from home and some businesses are even insisting that their employees work from home to save on office costs. Working from home, even some of the time, saves many hours of commuting time and takes your vehicle off the road. This not only solves the commuting problem for you, but also helps the others who are stuck in the daily commute. Shift work, with your work time starting and ending off peak hours is another way to avoid the deadly commute. Stagger your start and finish times to periods that the roads are quieter. Even moving your start and finish times in an earlier or later direction by a few hours will give you unhindered use of the otherwise congested roads and highways. Moving out of the city to get another job and having a pleasant leisurely commute is another option. Scour the employment job postings and find a similar of better job in a less hectic community. This will give you the opportunity to choose your new living place around where you know you will be working. There are many small regional cities in Canada that are very desirable to live, work and raise a family. But, if you must own a vehicle and commute to work, then there is one upside to all of this. You can use your lien free vehicle as collateral to get a loan from Fast Action Finance. These are called Title Loans. You keep and drive the vehicle as normal, but it will be working for you, not only taking you to and from where you want to go, but also working for you by letting you borrow the money you need today. When we say we will lend to you using your vehicle, we include cars, trucks, vans, pick up trucks, etc. In addition to lending against vehicles, Fast Action also lends money if you leave your paid in full motorcycle, snowmobile or watercraft in our safe and secure warehouse. If you have compact movable machinery that we can store, we lend against that too. These types of loans are called Motorcycle Storage Loans and Collateral Loans.

The Loan Industry in Canada

The loan industry in Canada is made up of several different segments:

National and International Lending Institutions The banks are national and international lending institutions. In addition, there are smaller lending institutions such as credit unions and savings & loans entities that are provincial or regional. They are all heavily regulated by the Banking Act and/or other legislation that makes them very non-entrepreneurial in their business dealings. These banks, credit unions and savings & loans institutions are run by a board of directors. They follow strict lending criteria and there is little room for flexibility in their lending practices. These institutions still grant many loans, but only to those with good credit records. Their threshold of loan minimums is constantly rising, whereby a consumer looking for a small loan of $5,000 is directed to use their credit card. Banks no longer have the will to administer small loans. Local Lending Companies Then there are the local lending companies that are sometimes a stand alone operation, have a few locations or are part of a franchised system. Depending on the level of ownership, this class of loan company ranges from entrepreneurial to very restrictive in lending policies. Payday Loan Companies Finally there are the payday loan companies that operate under the Payday Loans Act. The typical payday loan customer is looking for a lending institute’s ability in granting them fast access to loans and finance. The payday lenders too have strict rules to follow and they have little room to wander from their self-imposed business model. The Best Choice For Many Customers The lending companies that take an entrepreneurial attitude to assist customers with their needs are the local lenders. In these companies the owner is usually active in the day to day operations of the business and many times can be swayed by a borrower’s needs and will work with them to find a solution and get them the money they need. Fast Action Finance is The Local Lender For You Fast Action Finance is a local lender that will lend up to $5,000 using a paid off 2010 or newer vehicle. This is called a Title Loan. For these Title Loans we do not hold the car, have it transferred to our name or have the customer sign the ownership over to us. The customer keeps driving the car as usual. For higher loan amounts we hold collateral such as vehicles, trucks, motorcycles, classic cars, snowmobiles, watercraft, machinery, etc. at our secure location to collateralize the loan. These are known by several names: Collateral Loans, Secured Loans, Hard Collateral Loans, Storage Loans, or Emergency Loans.

Testimonial from Brooke

I needed quick help for a tight spot I got myself into. Everywhere I went I was turned down because of past mistakes in repaying loans. Then I found Fast Action Finance and realized I could borrow using my car. They understood my problems and really came through. I am now back on my feet and moving forward. Very professional – highly recommend.

Brooke S. - Milton