Getting a Car Title Loan Online
A title loan is generally one of the easiest forms of financing to obtain. Because the loan is backed by your car title, little or no additional background or credit information is required, and the loan can be approved very quickly for amounts as little as $100.
Whether it’s due to an unexpected repair, medical expenses, or any of life’s other unpleasant surprises, there are times when having access to fast cash is a necessity. If you find yourself in this situation, getting a loan with your car title can be the quickest and easiest path to getting the money you need.
A title loan is a secured loan. That means you’ll be putting your car up as collateral to secure the loan. Because the lender’s risk is minimal, your credit rating is not an issue, and the only real requirement is that you must hold clear title to the car, with no current financing or other liens on the vehicle.
Payday loans and cash advances, on the other hand, are unsecured. This means that the borrower will have to provide more information to be approved. Proof of employment, income verification, and a credit check are typically required for these loans.
As is the case with any other form of fast cash loan, it’s important to repay the loan within the agreed upon time frame. Failing to do so can result in increased interest rates or even repossession of the vehicle. Short-term loans are best used when you know you will have the necessary income on or before the date the loan matures.
Getting a title loan is a relatively quick and simple process that can be completed entirely online. All you need to do is provide some basic information about yourself, your car, and the money you need. Once submitted, you’ll receive an offer from a network of lenders that are able to fulfill your loan request in as little as one business day. There’s never any cost to find a lender and you’re in no way obligated to accept any offer you receive.