A title loan is a fast, safe and easy way for individuals who own their car with a lien free title to get cash using their car as collateral. It allows people to obtain funds using assets (their car) to solve short-term financial needs. The process is usually simple and requires a minimal amount of time to obtain a loan.
Let’s take a look at some comparisons between title loans v. traditional bank loans…
Application Process
Bank - usually a lengthy application requiring many documents, references, etc.
Title Loan – simple, one page application, minimal paperworkTimeframe to Receive Funds
Bank - can take weeks, even months, sometimes up to 90days
Title Loan - same day, usually less than 1 hour!Credit Check
Bank - lengthy credit check, often going back 7-10 years
Title Loan - absolutely NO CREDIT CHECKRepayment
Bank - when an individual pays off a loan early, banks lose interest income…to offset this, many banks will charge a “pre-payment” penalty
Title Loan - no pre-payment penalty, in fact, paying a title loan off early may help to build a positive relationship with the lender which may allow individuals to qualify for another loan later onAs with any financial product or service, anyone considering borrowing money should do so responsibly. We encourage individuals to consider all available financial options and work closely with financial institutions to determine affordable repayment terms. For more information on short-term financial services please visit www.americanautotitleloan.com.
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The Instant Cash Team
www.americanautotitleloan.com
All this brought to you by your “Instant Cash” Team!
Check us out on
Twitter: @instantcashsc
Facebook: http://tinyurl.com/66qjmk9
See ya Soon!
The Instant Cash Team
www.americanautotitleloan.com
Buying a car with private party financing is likely to get you a good deal. However, it's still important to understand how this kind of loan works.
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Great blog with informational posts. Title loans are great for small business owners and individuals those who want to meet their emergency cash situations. Industries are providing Best car title loans at highly competitive interest rates.
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