Car Title Loans in Arizona Know the Risks of Auto Equity Loans

Auto Title Loans

Some loans can be derisively described as “predatory” because of factors like incredibly stiff interest rates and the loan given to a borrower being a lot less than what the object being put forth as the collateral should ideally have been worth. Meanwhile, the collateral itself can be an object that is incredibly important to one’s livelihood; should the borrower be unfortunate enough not to avoid defaulting on the loan, the lender will take possession of the collateral and sell it in order to recoup the money that they originally handed out. A person can therefore easily enter a long-term disadvantage regardless of how important their circumstances may have made borrowing the money at that point in time.

Perhaps the most representative example of this type of dangerous loan are car title loans, in which the borrower gives up their car in order to borrow an amount of money that can easily be no higher than 40% of the car’s value. Many title lenders provide loans of even smaller figures than that. However, the most threatening aspect of title loans is that the interest rates can reach as high as 300%. If a borrower defaults on this type of loan, the interest rates could well cause the borrower to owe back twice the amount that was borrowed in the first place, and roughly 17% of all persons that partake in a title loan end up losing their household’s primary vehicle.

The sheer size of these interest rates can be single-handedly responsible for causing borrowers to have to spend many months trying to pay back the steadily increasing sum of money that they owe, even if they could have repaid the original sum they borrowed within a reasonable amount of time. This has been described as a deliberate tactic that title lenders use in order to force borrowers to roll over their principal, thus extracting more money from them. While lenders portray these rates as necessitated by their business’ need to protect their assets given how the lenders don’t run credit checks, the average loan borrower has been shown by studies to commit roughly eight rollovers before being able to take back their vehicle or pay back what’s owed.

Arizona is one of twenty states that legalize the issuing of title loans. However, it is also one of only nine such states that imposes a cap of some kind on how much the interest of a loan can raise monthly. This is better for customers in Arizona than customers in other states that offer no regulation on interest rates whatsoever, but Arizona is by no means the most fair of the states that impose these caps.

Arizona’s system prevents monthly interest increases from surpassing 17% a month for small loans under half a grand, whereas 25% a month is the standard in other states. What this means is that, if a person rolls over a $400 loan four times in other states, that person would ultimately owe $800, but in Arizona where the monthly interest cap is 17%, that same scenario would make the person owe $672.

When it comes to loans above $500, the title loan interest rates in Arizona can only raise 15% a month if the loan is under $2500, and it can only raise 10% a month on loans that surpass $5000. Again, these interest rates are comparatively better capped and regulated than those in other states, but the issue that remains in some form is the fact that Arizona still allows repeated rollovers to significantly increase the total amount that must eventually be paid back by the borrower.

Title loans should only be considered if you are not able to find any other option for financial relief whatsoever. Certain agencies, nonprofit or otherwise, can financially assist customers and help them regain water and electricity services. Sometimes, loan options exist in unexpected sources; you may find a small and temporary loan that might be offered by a credit union near you.

But if you cannot avoid relying on a title loan, at least make sure to go in after having carefully worked out how much money you should avoid spending so that you can pay back the loan at the end of the first month. Otherwise, if you default on your loan, a court-ordered repossession agent can spontaneously take your car away regardless of what other possessions you still have inside it, and if the lender still has not fully recouped what it was owed once it has sold your car off, it can sue you to cover the remaining payment necessary.

Arizona Medical Marijuana Patients Guide | How to Qualify

Become an Arizona Legal Medical Marijuana Patient

If you live in Arizona, you can obtain legal marijuana via a medical prescription. Provided you have one of the required medical conditions and can prove your residency and age, you will be able to be approved for medical marijuana in Arizona.

Medical marijuana is for adults, meaning you need to be at least 18 years old. If you under 18, you would need the approval of your parent or legal guardian; they would then register as your caregiver. You also need to make sure your driver’s license or other identification card is valid, i.e., not expired. You must also prove your Arizona residency, either on your ID or through a document such as a utility bill.

There will be some money involved in getting a medical marijuana card in Arizona. The state requires an annual fee of $75. If you are obtaining the card via SNAP/food stamps, then it’s reduced to $75. There will also be a fee for your doctor’s appointment, which ranges between $75 and $100.

To be prescribed marijuana by a doctor, you must have at least one of the qualifying conditions. These conditions are cancer, glaucoma, HIV, AIDs, hepatitis C, ALS, Crohn’s disease, and agitation of Alzheimer’s disease. You can also obtain it if you have a chronic medical condition or disease that causes cachexia (wasting syndrome), chronic pain (such as arthritis or migraines), extreme nausea, seizures, muscle spasms, and PTSD. If you have any doubt about whether you qualify, then you need to get in touch with a medical marijuana doctor and consult with them.

Once you have confirmed that you have one of the listed conditions, do your research and find a doctor who can prescribe medical cannabis. Once you make your appointment, go see your doctor. If they approve of your use of medical marijuana for your condition, they will send in documents to the Department of Health Services. Once those documents have been approved and the process is finalized, you will receive your medical marijuana card in the mail.

After you have your card, you will be able to obtain medical marijuana in Arizona through legal outlets. For purchase, you must go to a state-licensed medical marijuana dispensary. You can also receive medical marijuana from other people who are prescribed it via donation. For instance, if you or another person has a surplus of medical marijuana, you can then give it to another person who also has a prescription.

As a medical marijuana patient, you can also grow and cultivate your own marijuana. You must live within 25 miles of a dispensary. You are able to grow up to 12 plants for personal use or have a caregiver do it for you.

There is an expiration date associated with your medical marijuana card, so make sure that you are up to date on that and get it renewed it time. Just like you need to keep your driver’s license or state ID updated, you also need to keep your medical marijuana card updated.

We hope this has given you a concrete view of the steps involved to become an Arizona medical marijuana patient. If you have certain medical conditions, it can be of great benefit to you.

Medical Marijuana Dispensaries see Increased Sales During Black Friday

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Marijuana Dispensaries see Higher Sales During Black Friday,

Retail businesses live for the holiday season. Sales ramp up as consumers become consumed with buying. They buy everything with a vigorous passion, and everything these days includes marijuana from a dispensary.

Believe it or not, in those states where medical and recreational marijuana is legal there is an increase in sales at local dispensaries during the holidays. It seems that some individuals have no problem gifting marijuana or cannabis supplies to family and friends that have a fondness for the herb.

Harvest of AZ a medical marijuana dispensary in Phoenix AZ and Scottsdale Arizona is one dispensary that reaps the benefits of a busy holiday shopping season. Owner Steven White has an interesting theory about why people either gift marijuana or buy a little extra for themselves around Christmas. “People need a discreet way to put up with their families,” says White. The dispensary’s owner also says that there is a particular increase in edibles and THC vape pen products, and she also thinks these products are good gift ideas.

Like all other retail establishments, marijuana dispensaries have begun to note a pattern to holiday sales saying “things slow down a bit in early November” before picking up again around Thanksgiving and Christmas. This budtender said that where January sees a decrease in sales that usually lasts for a couple of months has been a predictable pattern.

A recent article in USA Today examined holiday sales increases for dispensaries in Denver, Colorado. Denver was one of the first major American cities to have marijuana shops. According to the article, local dispensaries reported sales increases of 21 percent in the week prior to Christmas. The sales data was compiled by Baker, a marijuana software firm which provides point-of-sale and customer service technology to stores that sell cannabis.

Marijuana edibles such as cookies were among the most popular items sold during the holidays. As Shahin mentioned, vaporizers were also high on the list of purchases. According to Baker, the data received from other states with legalized medical and recreational cannabis was in line with the data from Denver.

Dispensaries are even beginning to come up with their own shopping day nicknames like “Black Friday.” The day before Thanksgiving is referred to as “Weed Wednesday” and the day after is called “Green Friday.”

The biggest sales day for dispensaries, however, doesn’t happen anywhere near the holidays. April 20, known as 4/20, is still the biggest day for marijuana sales across the nation. It has also been noted that sales spike on Fridays before federal holidays, presumably because of the long weekend ahead.

 

Mesa AZ Resident Wins 8.39 Million Lottery Jackpot

Merry Christmas Mesa | AZ Resident Wins 8.39 Million Lottery Jackpot

You can’t win if you don’t play is what many people call their losing investments in lottery fun.  However one lucky Arizona native has won a multi-million dollar PICK jackpot this Christmas.

One Mesa resident woke up feeling extra merry this Christmas.  A Southern Ave and Crismon RD Gas Station reported selling the winning $8.4 million PICK JACKPOT to a lucky shopper on 12-24-2016 between the hours of 9-6.

As of now the lucky Mesa lottery winner has selected to remain anonymous for the next  for 90 days due to Arizona state law.

Up for grabs is a lump sum cash payment of about 5.63 million or a 30 yr annuity.