Automotive Capital Group Now Offering Same-Day Vehicle Title Loan and Solutions for Title Loan Refinancing

Title Loan Industry is Booming and Charges up to 295% Interest, WHY?

SCOTTSDALE, Ariz., Aug. 18 -- Automotive Capital Group, Inc. announced today a new program that offers vehicle title loan and title loan refinancing at discounted interest rates. Title loans are becoming extremely popular for short-term cash and lenders are popping up across the country. Borrowers use auto title loans as a short-term money solution which becomes a long-term problem. There are few solutions for those who can't keep up with interest payments and face possibly losing their car. Automotive Capital Group, Inc. has created http://www.titleloanhelp.com/ that offers same-day vehicle title loans or title loan refinancing for a fraction of the average industry rate. Automotive Capital Group, Inc. believes it's the first to offer such a solution. Most states require no prepayment penalties on title loans so the opportunity to refinance current loans from other lenders is significant.

A title loan is a loan against a clear vehicle title that can generally be funded the same day. Title loan companies target people who own their automobiles outright. The title loan company lends the consumer several thousand dollars at enormous interest rates (typically 200-300%) and gets the title to the vehicle as collateral. Most title loan companies use balloon payments to the disadvantage of the consumer. A $3,000 auto title loan will require the consumer to pay $400 monthly for seven months and then a $3,000 balloon payment in the eighth month. When the consumer is unable to pay the large, final balloon payment, which happens in the bulk of title loans, the title loan company repossesses the vehicle and sells it.

Automotive Capital Group, Inc. wants to be the first to market a solution because many title loans end up in repossession. Interested borrowers should apply online at http://www.titleloanhelp.com/. The company will lend $2,500 to $100,000 on clear vehicle titles and charge significantly less interest. The program also allows borrowers to convert into a conventional 24-month loan at an even lower interest rate if the loan is not paid in full after 90 days. The company foresees this division as a solution for an industry that's getting out of control.

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