What do most people get wrong about car title loans?
There are many common misconceptions about title loans. Many myths associated with most of the businesses around. Moreover, when talking about finances there are many loans out there to help you.
One of the great financing options out there is a title loan. In addition, title loans have seen immense growth. A lack of awareness has made people think that title loans are not a great choice.
Common Misconceptions about Auto Title Loans
Continue to read and find out the myths associated with car title loans:
- You need to give away the vehicle. Title Loans require a lien-free title that will work as collateral to secure the funds given. This myth is not correct as title loans are the finest loan option. It allows you to use the vehicle for fulfilling daily commuting needs without any interference.
- Title loan without title in hand. The misconception about title loans is that if you do not have the title in hand. Getting fast cash is not possible with instant pink slip loans. In addition, if you have lost the title then you can go to the DMV to apply for a new title or title replacement.
Once you get the new title then you are all set to get a title loan.
- People with Bad Credit cannot apply for title loans. This is not true as title loans serviced by Car Title Loans USA accept people with bad credit, no financial record, or low credit ratings. In addition, we understand the concerns of our valued clients. We offer quick financial help so that they can address their financial worries.
- No flexible Payment Plans: Many people consider that title loans do not offer great flexibility and have rigid payment plans like traditional loans. This is completely incorrect as title loans come with flexible payment plans making it easy to clear the taken debt without facing any financial troubles.
- Pre-payment Penalties: Loans offered by Banks come with tough terms and conditions. In addition, title loans do not make you pay any pre-payment penalties. If you have enough funds to pay off the taken loan then you can do so without paying any prepayment penalties.
- Consultation Fees: Because of a lack of awareness people think title loans charge consultation fees. In addition, title loans do not ask for consultation fees and you can get your doubts clear without paying any secret fees.
- No Instant Cash Transfer: Title Loans do not work like traditional loans and people who need fast cash can apply for title loans. In addition, title loans can be your financial relief when you need instant cash to address your financial worries.
Once you get approval for title loans then getting instant cash is no longer a tough task. Besides, you need an active bank account for completing the cash transfer. No need to default on the title loan.
Recommended reading: Obtain Car Title Loans after Bankruptcy
Benefits with Car Title Loans USA
You are entitled to get numerous benefits when you apply for title loans serviced by Car Title Loans USA.
- Quick Approval- Once you fulfill the requirements of our title loans and submit the requested documents, you are all set to get approval for your title loan application.
- Bad Credit Acceptance: Whether you have great credit ratings, low credit, or no financial record, you are eligible to get same-day title loans.
- Free Consultation: If you have doubts regarding title loans then you can talk to our loan agents to address your queries without paying any consultation fees.
- Instant Cash Transfer: We understand how important it is to get instant cash when facing financially tough times. Our working process is fast and we assure you that you will receive quick money within the same day of applying.
- No prepayment Penalties: Many people do not want to experience additional debt burden and want to get rid of it at the earliest. If you have the desire to pay back the loan before the loan duration then go for it. In addition, we do not charge any prepayment penalties.
Choose Car Title Loans USA
Car Title Loans USA is a title loan company that offers great rates and flexible payment plans. Our goal is to provide you with the best service possible, so that you can pay off your loan and get back on the road.
Here are some of the benefits of getting a title loan from Car Title Loans USA:
No credit check. We don’t need to check your credit score before we approve you for a loan. This means that even if you have bad credit or no credit history, you can still get approved for a title loan.
Fast approval process. Since there’s no need for us to check your credit, we can approve your application in just minutes — no waiting around for weeks or months!
Flexible terms & monthly payments. You can choose how long you want to take to pay back your loan and how much per month you’d like to pay each month — we’ll give you options based on how much money we lend you and what type of vehicle it’s secured against.
No collateral required. Unlike other lenders who might require collateral such as real estate or stocks/bonds, at Car Title Loans USA we only take collateral over vehicles that are worth more than the amount owed on them.
How long before title loan repossession?
The vehicle repossession time differs from lender to lender. Moreover, every title loan lender works differently and has unique terms. It becomes crucial to know the details of the loan agreement and follow the conditions mentioned to avoid any legal troubles.
In addition, to avoid vehicle repossession the suggestion is to make timely payments. Whenever you need fast financial help, choose title loans to overcome the challenges troubling you.
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