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A title loan is a great solution for fast cash, but it is not the only option. Payday loans are often considered alongside title loans but are only offered in small amounts (usually up to $500) and require either a post-dated check or pre-authorization for a debit from your bank account. A cash advance is another quick option, but typically carries a high-interest rate and other fees.
Unlike title loans (which require your vehicle as collateral), bank loans can be secured or unsecured, meaning they may not require collateral. In the case of an unsecured loan, your credit history will be the primary factor in your approval and interest rate. Since a title loan is a secured loan, your credit history will not be the primary focus during the approval process and can be one of the best options for those with bad credit or past bankruptcies.
The purpose of a title loan is to get the cash you need right away. Titlelo offers a streamlined web service that gives you access to pre-approval from any device at any time. As long as you have an internet connection, you can access our site to receive a custom match with a lender. Simply fill out the online form and submit for instant pre-qualification.
If you don't have access to the internet, don't worry! Just give us a call (855-341-4500), and we will process everything over the phone. In just minutes, we will have you pre-approved and matched to a reputable lender near Bear. The lender will complete an inspection of your vehicle to finalize the amount of your loan and process it for final approval.
A secured loan, like Bear title loans, is a great option to keep interest rates low, especially for people who may not have the best credit score. An unsecured loan relies on a person's credit history to determine their interest rate, so low credit will often equal a high rate. Since auto title loans are secured by your vehicle, the lender incurs less risk and can then offer lower rates to these applicants (without a credit check).
Even though secured loans usually have lower interest rates, that still doesn't guarantee a competitive rate for your loan. Titlelo works with multiple lenders to ensure you get the very best rates available and loan amounts are based on the value of your vehicle, rather than your credit history. Within seconds, you can be pre-approved for a title loan by entering basic information about yourself and your car.
Titlelo works for our customers, not lenders. We offer personable customer service and will take the time to answer any questions you have. We offer instant pre-approval and fast cash, but we don't want you to feel rushed in the process. Chat with us online or call us to learn about what services or lenders may provide the best opportunities for you.
Once we learn more about you, we can help find the perfect lender. Compared to other loan brokers, we are as flexible as they come! We will help you secure a loan no matter how old your vehicle is, its mileage, or the amount of equity it currently has. We do not require proof of employment or minimum monthly income, and you do not need a bank account. We can even help you find a lender for a second-lien on your vehicle (if it is not currently paid off).
We work for you, not a lender. Titlelo offers customized solutions for people who need a loan fast. Rather than telling you what options you have, we listen to your needs and provide recommendations based on the lenders that offer what you want. You never have to worry about finding the best rate: we do all the searching for you and narrow your options down to only the most competitive lenders. Titlelo will strive to find a lender that matches your requirements.
Since we work with so many different lenders, we can offer solutions to people in every financial situation. If you have applied for a title loan in Bear the past and have been denied, don't be discouraged. There are plenty of lenders that Titlelo can work with to approve your loan.
Applying for car title loans online shouldn't be difficult. Complete our simple online application and enter basic information about yourself and your vehicle. Once you're pre-approved, one of our friendly experts will contact you.
Titlelo will assess your needs and match you with the best lender in your area. Once you've accepted the terms and conditions of your lender, we'll help you gather everything you need to make the process simple and swift.
Visit your local title lender and bring your title, ID, and any other required documents. Review and sign your loan documents and get the cash you need instantly. Drive away with your car and get back to what matters in your life.
Delaware laws do not set specific limits on the interest rates that lenders and title loan companies use. On an average, lenders in Bear use interest rates of around 25% per month.
Delaware laws also state that certain disclosures should be made on the agreement itself. These disclosures will warn potential borrowers how title loans work. Some of these disclosures should indicate that title loans should only be used as a short-term solution, and not a long-term answer to a financial crisis. Borrowers should also be warned against repossession.
Applying for a title loan in Bear, DE would mean submitting the following information: full legal name, address and contact details and vehicle details.
Once the loan is approved, the creditor may ask for other requirements, such as a set of keys and the original title of the vehicle. Requirements may also depend on the loan amount. Typically, larger loans would require more, such as proof of insurance or anything similar.
Delaware borrowers have the option to have the loan rolled over. The limit is eight times, which means that the lender will allow the borrower to put off the loan payment up to 8 times as long as they pay the interest for that specific month.
This also means that the interest rates will pile up. For example, if the borrower’s loan is worth $1000, rolling over the loan 8 times would mean adding $250 each time on top of that $1000. That’s a whopping $3000 all in all. These extensions or rollovers should not extend the repayment period to more than 180 days.
Delaware laws state that creditors are allowed to repossess a vehicle should the borrower default on their loan. This is why lenders usually require the borrower to surrender a set of keys and the original vehicle title.
Note, however, that the lender should stop charging interest on the vehicle once the vehicle is repossessed. When the vehicle is sold at an auction, any profit beyond what the borrower owes should be returned to the borrower.