If you’ve been trying to find a way to get some extra money in a hurry, your first thought was likely an installment or payday loan. While those may be viable options for some consumers, many of them turn out to be scams, and others end up falling behind in APR fees. However, if you currently own a vehicle outright, you could obtain a reasonable loan through another source. Many consumers with a source of income and a vehicle have benefited from a Cash for Car Title Loan, when they needed access to cash fast.
Fast Access to Cash
Completing an application for a car title loan can be done in an instant. If approved, you could be looking at some cash in your checking account in as little as a few business days. You will need to find your nearest title loan location and provide them with the necessary paperwork. This may or may not include driver’s license, car title, proof of income, and proof of address. The representative will then take photos of the vehicle and collect the title.
No Credit Checks
What most consumers love about taking out a car title loan is the fact that there is no credit check involved. Whether you have no credit, fair credit, or bad credit, in most cases there is no need to run a credit check. Most title loan companies base their decision on the value of your vehicle, your income stability, and your ability to repay the loan in a timely fashion.
Keep Your Car
There are some car owners that are leery of the entire Cash for Car Title process. They might believe that in order to receive the funds, they must relinquish their vehicle. However, car owners are able to drive off with their vehicles. Your title becomes the collateral, which will be returned to you once you have completed all payments. This allows you to still get around and use the cash for whatever your needs might be.
There are plenty of conveniences to applying for a car title loan including affordable repayment options. If you’re in need of emergency cash and you don’t have the credit to obtain a bank loan, visit Xpress Title Loans to get the cash you need in an instant. While approval amounts will vary, you could be walking out with cash in your hand the next day.
