My ex-husband was worthless with house stuff.  I have to say, I learned good economy when I went through the divorce and it’s made me so much smarter about money and household management because of it.

Even when I don’t have the cash, I’m pretty savvy about buying things that will save over time. For example, I was planning to buy an on-demand water heater to save long-term on my energy costs.  Note that the old water heater is about to kick the bucket.  But right now I’m unemployed, have bad credit and absolutely no spare cash for this project.  

On-demand water heaters instantly heat your water, which saves about 1/3 of your energy costs and reduces water consumption by six gallons every day because you run the water less waiting for the “hot” to get there. Next year (2009), there will be a national $300 tax credit for buying these models and a store in Coronado that is selling them at a discount: you order it now with a $200 down payment today, you get the water heater at 25% off plus the tax credit next year. The total cost for the heater with installation is $1000, but with all the savings and credits I’d shave that down to $850 – and that is for purchase, before the monthly bills are reduced.  Only little questions was, where do I get the fast cash for purchase now?

Here’s how I decided to finance it, despite my circumstances (that includes having bad credit): I went to Car Title Loans in San Diego for a $600 loan against my 2000 VW Golf.  The online application allowed me to avoid going to some storefront car title operation on Logan Avenue.  It took all of 20 minutes to fill out the form (no credit check makes it fast). I got the money the next day in my bank account.

This car title cash loan will turn into a net savings of energy and water over twenty years – and I’m doing my bit to slow climate change and reduce dependence on foreign oil.

              - Darra E.

Tags: bad credit, California, car title cash loan, Car Title Loans in San Diego, fast cash, online application, San Diego

This entry was posted on Monday, October 27th, 2008 at 12:48 pm and is filed under California. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.