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.
Bad credit can result from unavoidable life events, like a sudden illness or death in the family. It can also be cumulative from late payments, bankruptcy, or simply errors in reporting. Regardless of the cause, bad credit can stand in the way of obtaining credit with reasonable interest rates. Getting a title loan in Garfield is a perfect alternative since it does not require a credit check for approval.
A car title loan is a secured loan that uses your vehicle as collateral, which allows you to obtain credit regardless of your FICO score. With a few details about your car, we can pre-approve you for a title loan and set the process in motion to have your vehicle inspected. The inspection will determine the loan amount, and you will receive approval within 24 hours. Fund disbursement can happen within a few minutes (with a deposit to your bank account) to a few business days (if receiving a check).
Titlelo has simplified the loan process into two clicks (or taps) on our website. No lengthy documentation, credit reports, or employment check. Submit a short application and receive your pre-approval in seconds.
Titlelo will pair you with a lender that offers the best terms and rates for you. As long as you are at least 18 years of age and have a vehicle title in your name, we can offer options to secure a loan. Titlelo has no restrictions on the age or mileage of the vehicle, and we do not require the VIN for pre-approval. The loan amount will be dependent on the value of the car, rather than credit history, and you can borrow all or some of the approved amount.
If your car is not yet paid off, but you still would like to take out a title loan, Titlelo can work with you to find a solution. A title loan on a vehicle with an already-active loan would be referred to as a second-lien on the vehicle. A lien is the legal right of possession over property until another party pays off a debt.
Though Titlelo does not recommend this kind of loan, as it is considered a high-risk loan, we want to empower you to make the best decision for your situation. We can discuss all of your options and provide you with our professional recommendations, but at the end of the day, we will connect you with the lender you choose. Titlelo has worked hard to build relationships with lenders that offer these special loans while still maintaining an excellent reputation.
While most states require car insurance for every vehicle on the road, not all do. Even within a state that requires car insurance, an out-of-service vehicle could have had its policy terminated months or even years ago (why insure it if it isn't going anywhere?). If you would like a title loan for a vehicle that is uninsured, Titlelo can find the perfect lender for you.
Lenders have different requirements, including specifications for the vehicle to be pre-qualified for a loan, but Titlelo handles that for you. Instead of searching endlessly for lenders offering title loans for uninsured cars that meet your preferences, simply fill out a quick application and let us be your matchmaker.
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.
Car title loans in Kansas are considered “open-ended credit.” This type of loan does not have any cap on the amount of money a lender can loan for a vehicle. However, to meet specific state requirements, the loan must have an annual interest rate ranging from 264% and 360%.
Due to the open-ended credit category, the maximum loan is whatever the amount the borrower and lender agree upon. There are also no limits concerning the annual percentage rate of charge. However, whatever the APR stated in the loan agreement must be settled by both parties.
The lender may apply cash advance fees. There are no restrictions on the number of additional charges that can be added to the loan. On late payments, the lender can charge as much as 5% of the original loan amount or $25. The borrower can pay the lesser amount between the two.
The requirements for title loans in Garfield, KS are simple. The lender only requires a few personal and vehicular details. Most lenders just ask for the borrower’s full name, home zip code, contact number or an email address. For the vehicle, the borrower needs to present the make, model, age, mileage and body style of the car.
Upon agreement, a title loan in Kansas can be extended for two added periods of 30 days. The borrower is responsible for paying off all the accrued interest up to extension date. The APR must not go over the interest rate changed on the original loan.
Title lenders in Garfield have the right to repossess a borrower’s car if the terms of the loan agreement were violated. The lender also has no obligation to provide notification to the borrower before taking the vehicle. However, the lender needs to notify the borrower by mail after the car is repossessed. This is to give the borrower the chance to pay off the outstanding balance on the loan.
The lender has the liberty to sell the repossessed vehicle at auctions. The lender can also legally take out the unpaid balance as well as the interest costs and added fees from the sales amount. When the car is sold, the borrower will be notified by the lender of the sales amount and the current balance on the loan. If the sales amount is not sufficient to cover the unpaid loan balance, the lender can legally collect the amount due from the borrower.
An auto title loan is a short-term loan that uses your vehicle's title as collateral. No credit check is required, and repayment is usually due within 30 days but can be extended with an installment plan if needed. The amount available for you to borrow will depend on the value of your vehicle.
Car title loans are great alternatives to traditional bank loans since they do not require a credit check and can usually be processed much quicker. There are fewer requirements for income, employment, and documentation, and interest rates are lower than unsecured loans.
Other short-term loans, like cash advances and payday loans, can have high-interest rates, additional fees, and strict terms. Auto pawns (not title pawns) are secured short-term advancements, but use your actual vehicle as collateral, rather than just your title.
Title pawns, pink slip loans, auto equity loans, and auto collateral loans are all terms that can be used to describe types of title loans.
Titlelo offers car title loans in twenty-one states. We have partnered with reputable lender with multiple locations across the United States. Although Titlelo is headquartered in Florida, you'll be able to complete the loan process online or with one of many local title loan companies.
Looking for title loan places open on Sundays? We've got you covered. For your convenience, we've also partnered with lenders in your area that are open on the weekends. Never worry about an unexpected emergency again. Visit one of our many partner locations near you to get the help you deserve.
No problem! Title loans are secured loans, which means they use collateral instead of credit history to determine the interest rate. No credit information or sensitive personal information (like your social security number) is required. Apply online with your contact information and a few details about your vehicle and receive instant pre-approval.
The lender may request additional information to process the loan including a valid government-issued ID, your vehicle's title, and proof of income. Income does not have to be regular employment and can include payments from disability, social security, child support, alimony, unemployment, and self-employment.
Some lenders may also wish to see proof of address, car registration, or car insurance. If you prefer not to provide certain documentation, let your Titlelo expert know, and they will match you with a lender with fewer requirements.
The amount of your loan is dependent on the value of your vehicle and loan regulations in your state. Generally, title loans can be approved for amounts as low as $200 to as much as $25,000. To determine the value of your car, the lender will complete an inspection of your vehicle.
Apply online to pre-qualify for a car title loan with only minimal information about your vehicle: make, model, year, and estimated mileage. The expected amount of your title advance may change depending on the condition of your car, as determined by the lender's inspection.
Titlelo will match you with a lender in your state and will help schedule the inspection of your vehicle (either at your location or the lender's). After the review is complete, the value of your car will be finalized in the loan. You may choose to borrow all or some of the approved amount and can receive the funds the same day (if opting for direct deposit).
Yes! Even though your vehicle's title is used as collateral and the loan amount is established by the value of your car, your vehicle will remain in your possession during the entire life of your loan.
Unlike an auto pawn, which requires your actual vehicle as collateral, a lender of a title loan will only request your vehicle's title. Since this is still a big financial decision, you want to be sure to work with a reputable lender. Titlelo will help narrow down your options to a short-list of trustworthy companies that offer competitive rates and realistic terms.
After establishing the value of your vehicle with an inspection by the lender, the loan will be finalized and the funds disbursed. You will continue driving your car to work, school, and to run errands while making payments on your loan. When the loan has been repaid, you will receive your vehicle's title back from the lender.