All You Need To Know About Vehicle Title Loans In Tulsa
If you ever have to deal with a financial situation where you can’t pay your bills or face a cash emergency, a title loan in Tulsa may end up being your best course of action to get quick funding. Not only can qualified borrowers access up to $15,000 with Tulsa title loans, but you also need little to no credit to get approved. A finance lender wants to see proof that you own a vehicle and can use that equity as collateral for the loan.
The title of your car, truck, SUV, or motorcycle will be used as collateral for the loan and you can continue to drive your vehicle while making payments. If you are in a position where you need quick cash and have a vehicle that is paid off or has a lien against it, title loans in Tulsa may be right for you.
Other requirements to qualify may include your car’s vehicle registration information and any documentation that shows the vehicle has full insurance coverage. Some companies will want to verify that you currently work or have enough money coming in monthly to afford the title loan payments. They will verify these details by checking your employment history or contacting your work to confirm your monthly take home pay. In some rare scenarios, you may need to provide references from past lenders or friends and family, but these are no longer very common.
Title Loan Lending Options In Tulsa, OK With Bad Credit
If you’re worried about qualifying for title loans in Tulsa because of bad credit, don’t be! Unlike unsecured personal loans, your eligibility for a title loan comes down to the collateral you have in your vehicle. As long as you have a car or truck that’s paid off or has equity, you should have no trouble gaining approval for title loans in Tulsa. There may be occasions where a lender checks your credit, but mostly this is to confirm your identity and look for any current bankruptcies or other red flags that are often far more serious than simply missing a payment here and there.
To get started with the title loan underwriting process, all you need to do is fill out a short online application or give us a call at (877) 433-5454. We’ll then match you with a title loan lender in Tulsa that can get you the cash you need fast!
How Car Title Loans In Tulsa Work
Car Title loans in Tulsa work by using your car title as collateral for a loan. This means that for someone with a fully paid off vehicle, you should have no concerns about qualifying for car title loans in Tulsa regardless of your credit score. The amount of money you get comes down to the value of your vehicle, but you could potentially qualify for up to $15,000 with title loans in Oklahoma. To determine the title loan value of your car, the lender will consider factors such as the year, make, and model of your car, as well as its mileage and overall condition.
Once you’ve been approved for title loans in Tulsa, you’ll need to hand over your car title to the lender. Don’t worry – you’ll still be able to drive your car while making payments on the loan! The title will be held by the lender until the loan is paid off in full, at which point it’s returned to you.
What Else Should I Know About Auto Title Loans In Tulsa
There’s undoubtedly a lot to consider when you’re looking for a lender or even debating if a secured loan is right for you. Here are a few important factors to keep in mind about title loans in Tulsa:
– You’ll need to have a source of income in order to qualify for title loans in Tulsa, Oklahoma. This can be from a full time job, benefits any other regular source of income.
– You’ll need to provide some basic personal information on your title loan application, including your name, address, and phone number.
– You may need to provide proof of insurance when you apply for title loans in Tulsa. Basically, any finance lender in Oklahoma wants to know they’re covered if you wreck the car or if it’s stolen.
– You may be able to get title loans without a bank account, but it will depend on the lender you’re matched with.
– Once you’re approved for title loans in Tulsa, you’ll need to hand over the pink slip as security. But the good thing is you can keep driving the vehicle. Make on-time payments each month, and there will be no concerns about a possible repossession by the lender.
– There are more than a few options to refinance an existing car title loan in Tulsa. Expect to get a new monthly payment and APR when you refinance and some companies may even offer a loan buyout. Shop around for a direct lender that’s open to working to lower your rate and improve the terms!
How To Get Started On An Application For Car Title Loans In Tulsa
If you’re ready to get started with title loans in Tulsa, all you need to do is fill out a short online application or give us a call at (877) 433-5454. We’ll then match you with a local licensed lender that offers guaranteed approval funding in OK.
Are you trying to decide on how to apply? You have a few different options and the most popular way is to submit your info online directly with Highway Title Loans. Of course, you can also call us to get started on a phone call. Another common method is to meet with a local lender in Tulsa. Lucky for you there are title loan companies on almost every street corner in Oklahoma. Most can complete the full application from when you fill out the form to finish the vehicle inspection in less than an hour.
Another added benefit is that you may get access to cash within an hour or two of giving them your info. Some title loan companies in Tulsa won’t make you wait 1-2 days to have the money sent to your bank checking account. Instead, they can hand you the cash in person at any office in the city.