If you are looking for a loan that covers all the bases and offers you exactly what you’re looking for without any hitches, look no further. Car title loans offer a lot of benefits in a short amount of time, it’s no wonder they have become so popular on the lending market.
1 Easy Application
The first advantage with title loans in the application form. With this loan, gone are the days of filling out endless paperwork that require every personal detail even down to your shoe size. Car title loan application are simple and straightforward and they can be completed in minutes, without you having to hand over delving personal details.
2 Fast Approval
This is followed by a pretty fast and hassle-free approval process. It takes one hour from the submission of your application until your loan is approved and you receive the cash. No need to wait days or weeks to hear the verdict, and with a 24 hour service which is offered by some lenders these days, you can have your emergency cash before dawn.
3 Get Cash And Keep Driving Your Car
Car title loans offer the client the opportunity to secure an immediate cash loan while using their car as collateral. The amount of cash they receive is determined by the car’s value. Here comes perk number three! When taking out your title loan you hand in your car title which is kept until the final repayment has been made. But you hold onto your car, having full use of your wheels!
4 No Credit Or Employment Checks!
For those of us who have found it difficult to hold down a job or who have a credit record that’s better left buried, having a loan approved is something that we can only dream of as many of us have our application denied. Car title loans are suitable for all applicants and they have the advantage of loan approval without credit and employment checks. Your car is security enough for your application to be approved making it easier for those with bad credit to get financial aid.
5 Easy To Manage Payments
One of the trickiest parts of taking out a loan is making sure that you’re able to make the repayments. Often no thought is given to repayments while defaulting can lead to an even worse financial situation. When taking out a title loan, the repayments come with low interest rates as this is a secured short term loan. This makes it more manageable to comply with the repayment plan.