There are multiple ways you can get cash with a collateral loan. Some borrowers turn to the equity in the home or other items, but collateral loans on a car are more popular than ever, and you can access up to $15,000 of your vehicle's equity.
Once you decide that a title loan is what you need the first step is to find out what the title loan value of your car is. By getting an updated vehicle value, you can quickly see how much money you can borrow and what type of interest rate to expect. The title loan value of a vehicle is something that should always be known upfront before you sign a lending contract.
It's going to be very difficult to get a title loan with a vehicle title that is not in your name. The typical car title loan lender will only use a vehicle as collateral for a loan if there's a physical pink slip. That's the only way to show that someone actually owns the vehicle and nearly every lender will require this as proof of ownership.
It's possible to get a car title loan with a rebuilt title or reconstructed vehicle, but there are a few things to know. You may be limited in what you can borrow and the lender will certainly want to inspect the vehicle.
There are more opportunities than you would think when getting a title loan with a neighborhood lender near you on Sunday. Highway Title Loans offers fast funding, and we work with title loan lenders that are open when other companies are closed!
Bad credit isn't going to stop you from getting cash with an online title loan. Instead, the lenders wants to know you can make monthly payments on the loan and have no trouble paying back the amount you borrow.
You can qualify for more money than you think with a classic car title loan. These secured loans allow you to tap into the equity in your older vehicle and these amounts are often significant. Contact us today to see what your older car is worth and find out what qualifies as a classic vehicle. Most cars 10 years or older that are classic can be approved.
You have options available if you want to get out of a title loan contract but keep driving your vehicle. Start by asking your lender if they are open to negotiating an alternate repayment term to lower the monthly payment!
An RV title loan can be a great choice for someone who needs a large sum of money but really can't qualify for a normal unsecured loan. By tapping into your RV's equity you can borrow $10,000 and you don't even need good credit. An RV title loan is good for situations when you need fast cash and have a fully paid off asset!
If you face a vehicle repossession there are steps you should take to get your car back. Most lenders will work with you to get back to current on the monthly payments. But ultimately it's up to you to know the updated car title loan repossession laws before you take out a loan. By doing that you can take the necessary steps to get your car back.
When you first apply for a loan, one of the last questions you're going to ask is how much time you have to pay off the total amount due. The reason is, you want to find out when you get the cash and what happens to your vehicle title. But don't forget to ask what the payoff terms and time limit is. Also, see if there's a prepayment penalty for paying off the amount owed early.
Are you worried about having to go through a traditional credit check when applying for an online title loan? The good news is that you no longer need to worry about getting denied a title loan because of bad credit! Instead of lenders checking your credit report they now look to see how much money is available in the form of equity from your vehicle.
Contrary to popular belief, you don't need to hand over your vehicle to a car title loan company as collateral for a title loan. Instead, a title loan company will hold your car's pink slip and you can keep driving the vehicle as you make monthly loan payments!
No one wants to default on their title loan, but you should take pre-emptive steps to avoid falling behind on your monthly payments. Don't risk a situation where you lose your vehicle because you fell behind on the payments.