From time to time, unexpected expenses come up and you may need some quick cash. By quick cash, I mean money that is needed before your next payday. A car title loan is by far the fastest way to get that quick cash that you need, usually in about 15 minutes once a borrower arrives at one of our approved title loan lenders.
It is a common misconception that car title loans are only for people with very bad credit. Nothing could be further from the truth. If your car title loan is repaid on time, the small amount of interest you are charged for the use of your title loan cash, combined with the fast and easy way that you get a hold of your title loan cash make it an excellent way to handle any cash emergency.
In order to get a vehicle title loan, you have to have a car that is paid off, with no liens on the title. The size of your title loan limit is based on the market value of your car, so if you have a newer car in good condition, you can get a larger car title loan. You must also be the person listed on the title of the car to be approved for the loan.
Unlike a traditional or conventional loan, a car title loan usually has a term of 30 days, although some can be made for longer. You may not necessarily want to make it for longer than a few months because the interest rates charged reflects the convenience and relative lack of required paperwork for your title loan, which means the interest rate will be higher than a conventional loan. Rollover is an option, which means you pay just the interest on the loan, and “roll it over” for another 30 day period. No matter what you do, have a plan in place to pay off your title loan before you take it out.
If you need cash in a hurry, a title loan can be a great way to get the cash you need in a hurry. With no credit checks and convenient online pre-qualification, title loans are becoming the loan of choice for people with busy schedules and little tolerance for hassles. If you need some fast cash today, look below for an Approved Title Loan Lender near you.