Getting the Proper Financial Help
Many people turn to their local bank when facing any financial problems. This is because they may have been saving a certain amount over the years and in their time of need expect that their bank will come through. They become very depressed and angry when they discover that a bank's main priority is to protect itself first. This is the main reason that banks have tightened their lending rules which have ensured many people cannot get access to a loan. Car title loans is a financial lender that is different from banks and other credit companies.
Car title loans offers secured loans to car owners with the only collateral required by them from you being your car title certificate. All you need to do to qualify is to be 18 years of age and own a car that is in your name. You need to show proof of identity and proof of residency. The vehicle you use for the loan can be a truck, van, motorcycle, boat and it should be debt free. You will also need three references. Once you have all these then you will have to fill in a loan application form that is available online and submit this together with all the documents for your loan to be processed. They do not ask for any credit score before offering a loan as long as you can fulfill all the other requirements listed above. It is a secured loan which means that if you default on your payments you will end up losing your car.
They are also different in that they do not require one to have a good credit rating and will give you a loan whether you have good or bad credit. This has been of great help to thousands of people who would otherwise never get a loan as they now have a chance to get the financial help that they need. Another benefit of this loan is that they process their loans in a very short period of time. The whole process can be complete in a week or less which has made car title loans to be the financial lender of choice in the city.
After you submit all the paperwork it will often take no more than two days for your loan to be approved. In many cases loan will be complete in a day and sometimes in less than a day. Once your loan has been approved the next step is getting your money which happens on the same day. You get to choose a repayment plan that is suitable meaning that you can either repay your loan in one monthly installment or in two.
Car title loans offers secured loans to car owners with the only collateral required by them from you being your car title certificate. All you need to do to qualify is to be 18 years of age and own a car that is in your name. You need to show proof of identity and proof of residency. The vehicle you use for the loan can be a truck, van, motorcycle, boat and it should be debt free. You will also need three references. Once you have all these then you will have to fill in a loan application form that is available online and submit this together with all the documents for your loan to be processed. They do not ask for any credit score before offering a loan as long as you can fulfill all the other requirements listed above. It is a secured loan which means that if you default on your payments you will end up losing your car.
They are also different in that they do not require one to have a good credit rating and will give you a loan whether you have good or bad credit. This has been of great help to thousands of people who would otherwise never get a loan as they now have a chance to get the financial help that they need. Another benefit of this loan is that they process their loans in a very short period of time. The whole process can be complete in a week or less which has made car title loans to be the financial lender of choice in the city.
After you submit all the paperwork it will often take no more than two days for your loan to be approved. In many cases loan will be complete in a day and sometimes in less than a day. Once your loan has been approved the next step is getting your money which happens on the same day. You get to choose a repayment plan that is suitable meaning that you can either repay your loan in one monthly installment or in two.
