Obtaining an Auto Equity Loan on a Car Title
Sometimes, a financial or other emergency arises and can come at quite the surprise. These surprises are sometimes quite costly. They can be doctor’s bills and other expenses. An auto title loan might be the only way to secure these funds. Applying for one of these loans can be rather intimidating at first, but the process is actually a lot easier than people realize. There are a few requirements that must be met to obtain a loan on a car title, so before you apply, you need to make sure a few things are in place first.
Working with a Good Company
First and foremost, you need to work with a reputable company. Some companies are not as reliable as others. They might not process paperwork correctly, and it could mean losing money in the long run if a rip off happens. Some companies have been known to ruin ownership of car titles, which can then ruin a person’s credit or take away their car altogether. This process is similar to working with a pawn shop. They are referred to a title pawn for a reason. The only difference is you can keep driving your car, so long as the right company does the right paperwork to be sure it works properly.
Which is the Right Company for You
If you want to work with a reputable company than Better Title Loans is the best choice. It has been in business since 1998, and they have a history of placing people looking for an equity loan in the right hands. They are located in 16 states and have more than 1,100 stores nationwide. They are a reputable company that knows how to handle the process with as few steps and stressors on you as possible. Their loans are perfect for people who want to have cash as soon as possible. Traditional car title loans require a credit check, but TitleMax operates without performing that credit check. They can also work to gain money for people even when there is another car title loan on the car in question. They are also able to refinance existing loans on car titles. In order to help people as much as possible, they keep their loan rates as low as possible. This company is the right one for you. After all, they process over 3,000 loans per day. They are even able to obtain loans for people who have previously been denied for one in the past.
Requirements for a Car Title Loan
Very few things are needed to obtain a car title loan. Obviously, you need a car and its title. This automobile title must also be lien free unless you are looking to refinance a pre-existing loan. You also need to be 18 or older and have valid photo identification. The car also needs to be in your name. You can apply for a loan online, and then you will be instructed to go to one of Title Max’s locations for a visual inspection of the car. The value of the car will be estimated at this time, and the money that is needed will be given based on this inspection. If you are uncertain of your car’s value, you can visit Kelley Blue Book’s website to see what kind of value it is likely to have. Finally, and most importantly, in order to obtain a car title loan, you need to have a reliable source of income in order to pay back the loan in the long run. Regular payments will have to be made to pay off the loan without being charged penalties.
If you are interested in a car title loan, then all you have to do is work with reputable companies like TitleMax and TitleLoanser. They will work to help you gain the money you need to take care of those unexpected surprises. Applying for one is easy, so go ahead and consider one today.