SYS-CON MEDIA Authors: Pat Romanski, Elizabeth White, Glenn Rossman, Cynthia Dunlop, Peter Silva

News Feed Item

TurboTitleLoan.com Drops Interest Rates to Lowest in Industry

Consumers seeking short term loans have access to funds at dramatically lower rates with redesigned auto title loans from TurboTitleLoan.com

SALT LAKE CITY, April 1, 2014 /PRNewswire/ -- Citing the desire to better serve consumers, change the perception of auto title loans, and create an equitable lending relationship, TurboTitleLoan.com has changed their business model, and is offering customers auto title loans with drastically reduced interest rates. The new rates are the lowest in the industry making TurboTitleLoan.com's new product more accessible, affordable and convenient, setting a new standard for the industry.

TurboTitleLoan.com has lowered their interest rates to a range of 18-36% APR. In states that have no regulation imposing a cap on interest rates, TurboTitleLoan.com's rates will never exceed 36% APR. This pricing has never been available for an auto title loan product. Leading competitors charge rates up to 372% APR. The company is able to offer the new rates due to the low overhead associated with doing business online.

The saving to consumers is substantial. For example, a $2000 loan with a 12 month term at the highest interest rate TurboTitleLoan.com charges (36% APR), carries a monthly payment of $200.92, rather than a payment of $645.26 per month at competitor's rate of 372% APR. That results in a savings of $444.34 per month or $5,332.08 over the life of the loan. There are no hidden fees or "teaser rates". Combined with the convenience of a 100% online process and next-day funding, TurboTitleLoan.com is positioned to offer consumers the most affordable, reputable and convenient auto title loan product available.

"We want to provide consumers the opportunity to access the equity in their vehicle at a reasonable rate; unlike physical title loan stores that take advantage of individuals needing short term loans," said a TurboTitleLoan.com spokesperson.

About TurboTitleLoan.com:

TurboTitleLoan.com is a vehicle equity lender. They have helped thousands of satisfied customers across the United States gain access to needed funds in a timely manner. TurboTitleLoan.com revolutionized the auto title loan industry by moving the entire process from application to funding onto their secure online platform. Transparency, security, affordability and customer service are the cornerstones of their business.

This press release was issued through 24-7PressRelease.com. For further information, visit http://www.24-7pressrelease.com.

SOURCE TurboTitleLoan.com

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Samsung VP Jacopo Lenzi, who headed the company's recent SmartThings acquisition under the auspices of Samsung's Open Innovaction Center (OIC), answered a few questions we had about the deal. This interview was in conjunction with our interview with SmartThings CEO Alex Hawkinson. IoT Journal: SmartThings was developed in an open, standards-agnostic platform, and will now be part of Samsung's Ope...
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an In...
The major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy architecture and infrastructure into account. Then the reality is that most enterprises are embarking on a hybrid cloud...
In her General Session at 15th Cloud Expo, Anne Plese, Senior Consultant, Cloud Product Marketing, at Verizon Enterprise, will focus on finding the right mix of renting vs. buying Oracle capacity to scale to meet business demands, and offer validated Oracle database TCO models for Oracle development and testing environments. Anne Plese is a marketing and technology enthusiast/realist with over 19...
StackIQ offers a comprehensive software suite that automates the deployment, provisioning, and management of Big Infrastructure. With StackIQ’s software, you can spin up fully configured big data clusters, quickly and consistently — from bare-metal up to the applications layer — and manage them efficiently. Our software’s modular architecture allows customers to integrate nearly any application wi...
As Platform as a Service (PaaS) matures as a category, developers should have the ability to use the programming language of their choice to build applications and have access to a wide array of services. Bluemix is IBM's open cloud development platform that enables users to easily build cloud-based, creative mobile and web applications without having to spend large amounts of time and resources o...
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at Internet of @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, will discuss how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will nee...
When you set off to build an app that will change the world, designing your system architecture to be reliable and scalable is important but the stark reality is that, for your MVP, you probably had a “need for speed” (of development). You didn’t know what all the axes were to scale your application, where your stress points would be, and what weird and wonderful ways your customers would use it d...
Compute virtualization has been transformational, yet security policy implementation and enforcement has lagged behind in agility and automation. There are a number of key considerations when implementing policy in private and hybrid clouds. In his session at 15th Cloud Expo, Holland Barry, VP of Technology at Catbird, will discuss the impact of this new paradigm and what organizations can do to...
SYS-CON Events announced today that Red Hat, the world's leading provider of open source solutions, will exhibit at Internet of @ThingsExpo, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Red Hat is the world's leading provider of open source software solutions, using a community-powered approach to reliable and high-performing cloud, Linux, ...