Auto title loans are a great choice for someone looking for cash fast. They are also great choices for those of us who have little to no credit. Auto title loans are based on the value of our vehicles and the amount of income we make each month. This means that if you have really bad credit or if you just filed for bankruptcy then you can still qualify for an auto title loan. In fact, credit doesn’t come into play at all when it comes to qualifying for this type of loan. So, no matter what your credit looks like, if you need some quick cash then check out the benefits of an auto title loan.
To qualify for a title loan is simple: just provide a clean car title, proof of address and identity, and your recent pay stubs. This is all that lenders need to determine your eligibility for this type of loan. The value of your car determines the amount of loan that you qualify for. The lender is going to look at the make, model, year and mileage of the vehicle in order to determine this. If you want an idea of what that value is simply visit Kelly Blue Book’s website, enter in the information and see for yourself. This is exactly what most lenders do to determine the value of a vehicle. Your car will be used as a lien against your loan in case you default on it. This is to guarantee that the lender will receive repayment in some form or another. Next, the lender will look at your paystubs. Your monthly income will determine what type of payment plan you will have and how long they will be able to extend this credit to you. The great thing about these loans is the low monthly payments and low interest rates that they offer.
No matter the reason you need money fast; an auto title loan is a great option. It is available to anyone for whatever reason. It doesn’t matter how poor your credit score is. So, even if you have just filed for bankruptcy, you can still qualify for an auto title loan. This makes these loans one of the most popular quick cash loans offered to the public today. In fact, you can qualify and have your money in as little as twenty minutes. So, call today and check out what a title loan can do for you!