Need a Title Loan? We can Help You!

Get Same Day Cash And Keep Driving Your Car. Fast, Convenient, No Hassle Process. Apply Now and Find Out How Much Money Your Car Qualifies For!!

How Much Cash Can I Get?

Bankruptcy: Everything You Always Wanted to Know

Alexandra Pencer

Alexandra Pencer

Total Posts: 341

Published Date: December 4, 2021

Alexandra Pencer, with a solid career in consumer finance dating back to 1994, is recognized as a trailblazer in the field of car title loans. Her vast knowledge and decades of hands-on experience equip her with the unique ability to assist individuals facing various financial dilemmas. As a renowned specialist in car title loans, Alexandra frequently shares her insights and knowledge through comprehensive writings on the subject.

Categories: Car Title Loans California Blog

U.S. laws offer a fresh start to overwhelmed debtors. Bankruptcy can help you wipe out debt through discharge, create viable debt repayment plans or alter the terms of your debt.


What is bankruptcy?

Bankruptcy is federal protection that helps people and businesses who can’t pay their debts. Most individuals who file choose between Chapter 7 (liquidation) bankruptcy and Chapter 13 (repayment) bankruptcy. The type of bankruptcy you file influences whether you need to sell your assets or make payments. It may influence how much of your debt gets canceled.

Even though most people shudder when they hear the word, bankruptcy can bring much-needed financial relief. There’s a certain stigma around the idea of giving up on debts and seeking refuge, but there’s no real reason to feel shame.

“Bankruptcy isn’t an easy solution or a coward’s way out, but people with a lot of motivation can sometimes avoid it,” said Max Smith, a certified credit counselor in Sacramento, Calif.

That being said, filing is a serious decision that requires a lot of thought.

file for bankruptcy

Who should consider it?

“You don’t do bankruptcy just for the fun of it, but I think it is a good a thing, not a bad thing,” says John Colwell, president of the National Association of Consumer Bankruptcy Attorneys.

If you think you may be a candidate, Colwell advises talking to an expert sooner rather than later.

“I don’t want to see people suffering without asking questions,” he says. “Being proactive and asking a [lawyer or credit counselor] the scary questions will help you make an informed decision.”

If you feel overwhelmed by debt, but you’re not sure whether it makes sense, consider speaking with a non-profit credit counselor. This is a good way to pursue a bankruptcy and its alternatives to the same meeting. By law, you cannot file bankruptcy unless you meet with a non-profit budget. And credit counselor to review your spending habits.

The counselor may guide you towards alternatives. On the other hand, the counselor may determine that makes a lot of sense for you. Smith sometimes counsels people to consider after a life-altering event. Health crises or income losses can make it tough to recover without.


There are other signs that you might need to consider. If you’ve turned to take out car title loans or payday loans, you’re under-withholding your taxes from your paycheck, or you’re considering dipping into your 401(k) to meet your debt obligations, you might have enough debt to make bankruptcy a viable option, Colwell suggests.

Essentially, these are all signs that your debt is so overwhelming that your existing income isn’t sufficient to manage it. This article is brought to you by Car Title Loans California – learn how car title loans work today!

Here is Car Title Loans California, we are here to help you to get the most money with our title loans, we will use the equity that you have in your vehicle.

We have the largest referral network of title loan companies that we work with, and they are all in compliance with the CFPB, so you will be working with a trusted lender.

Trading Financial Credit, LLC may act as the broker for the loan and may not be the direct lender. Loan proceeds are intended primarily for personal, family and household purposes. Trading Financial Credit, LLC does not offer or service student loans. California loans are made or arranged pursuant to a California Financing Law License : 603-8192. Arizona: Loans made pursuant to Arizona Department of Financial Institutions.

New Mexico: Loans made pursuant to New Mexico Regulation and Licensing Department Financial Institutions Division Small Loan Company License. Small Loan License 02069

*Credit approval is subject to Trading Financial Credit, LLC credit criteria standards. Actual loan amount, term, and Annual Percentage Rate of the loan that a consumer qualifies for may vary by applicant. Minimum loan amounts vary by state. Consumers need to demonstrate ability to repay the loan.

*Application processes could take five (5) minutes to complete. Upon completion, a conditional approval may be given pending review of documentation. Funding time is based on the time from final approval following receipt and review of all required documents and signing, prior to 5PM PST on a business day.

*Trading Financial Credit, LLC dba TFC Title Loans, Car Title Loans California, Dineromax. If you are using a screen reader and are having problems using this website, please give us a call at 1-844-242-3543 for immediate assistance.