Whether it’s the beginning or the end of the month, your bills must be paid on time. Your most important bill is normally your rent or mortgage payment. Not paying your rent or mortgage is a surefire way to wind up without a place to live. Likewise, when you don’t pay your electric or water bills, those services can be turned off. What really hurts when you fail to pay your bills, though, is your credit history.

Your individual credit history is based upon a variety of factors, one of the most important of which is your ability to pay your bills on time. Each individual has a credit history and a credit score. When determining a credit score, the most important factors are paying bills on time and the amounts that are owed.

Poor credit histories are the result of not paying bills on time. The consequences can be dire. Attempting to borrow money to purchase a car or a home becomes very difficult with a poor credit history. In today’s age of tightened credit, banks and financial institutions are less likely to lend to those with poor credit scores. Someone with a poor credit score is viewed as a credit risk because they are seen as someone who does not pay their bills on time.

If you have trouble paying bills in certain months, there are some things that can be done to help. Car title loans are short-term loans that a person can use to help cover a rent or mortgage payment or other bills. Borrowers must own a vehicle that has a clear title. If you fit this scenario, you can use the car or truck as collateral for a loan.

Title loan companies, like Embassy Loans of Florida, will lend to individuals who have a vehicle with a clear title. Those looking for a loan can fill out an application in just a few minutes. They will have to present a few documents, including verification of their identity and residency as well as the title to the vehicle.

Once the vehicle’s value has been determined, the loan is finalized. The borrower can pick up his or her money and use it to meet their financial obligations. A car title loan can help someone to continue paying their bills on time and maintain their credit history. Paying off the car title loan will also help one’s credit score.