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Working with Titlelo will fast-track you to a lender with the loan that works best for you. Most Summerlin South title loan lenders will provide options to make payments online or by phone, and some lenders will have a physical location. Even without a bank account, you can still pay some lenders with a money transfer (i.e., Western Union or Moneygram).
Want to make early payments? Great! We can also make sure we get you paired with a lender that does not charge prepayment fees.
Since you do not have to commit to a title lender before receiving a quote, you can consider your options and use Titlelo's experts for guidance. A lender with a competitive rate may not offer the flexibility you need, but starting the process over can be daunting. Titlelo compares lenders, rates, and payment options upfront so you can work with a company that lets you pay how you want.
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.
Unless you receive your funds via direct deposit, there will be no reason to process your bank account information. It is not required to process your loan, and we respect that you may not want to share this information. Titlelo protects customer data, but the safest place for it is to remain with you.
To apply, you will need to provide only basic information about yourself and your vehicle to Titlelo. There may be more documentation required by the lender to process the loan and disburse funds, including a valid government-issued ID, the title to the vehicle, and proof of income. Some lenders will request proof of address, proof of registration, or proof of insurance (but not always).
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 Summerlin South the past and have been denied, don't be discouraged. There are plenty of lenders that Titlelo can work with to approve your loan.
Unlike most installment loans and many short-term loans, you do not have to be actively employed to receive a title loan. Lenders will request documentation proving a source of income, but this can include proof of any of the following:
Proof of income will not be necessary to pre-qualify you for a title loan Summerlin South, Nevada. If you are not sure whether you have the proper documentation, you can still receive instant pre-approval online or over the phone with just your contact and vehicle information. We will be able to answer any and all questions you have about the loan process, documentation, or fund disbursement.
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.
In Nevada, there is no limit on the amount the lender can finance to the borrower for title loans. However, the maximum amount of the loan will be based on the current market value of the borrower’s vehicle. Compared to other states, Nevada laws enable the borrower to have more flexibility in getting a loan as large as needed.
Nevada also doesn’t have any cap on interest rates. This enables the lender to charge as much as the company wants. But generally speaking, the monthly interest rate in Nevada for title loans is 25%, which equals to an APR of 300%.
In Summerlin South, the borrower must present a government-issued ID to the lender. Information about the vehicles is also needed. The lender must also consider the income of the borrower to ensure that payments can be made. As per Nevada 604A, the amount must not exceed 25% of the gross monthly income of the borrower.
The standard loan term for title loans in Summerlin South, NV is 30 days. When the borrower fails to repay the amount due on its maturity date, extensions are available. The lender can roll over or renew the loan. The borrower just needs to pay the interest on the loan, instead of the entire amount, after which a new 30-day term starts again. Note that the rollover is charged with a new interest. In Nevada, title loan laws permit a maximum of six renewal periods.
Luckily for borrowers in Nevada, the state’s auto repossession law provides a decent level of protection. When the borrower defaults on the loan, the lender must send a written notice to the borrower at least 30 days before the repossession ensues. During the time frame provided, the borrower can catch up on the late payments. But when no payments have been made, or the payment made is not enough, the lender has the right to repossess the vehicle.
The lender can also sell the repossessed vehicle. However, the company needs to send a notice to the borrower 15 days in advance and offer a repayment plan for the loan’s outstanding balance. This amount can include the loan principal, the interest rate, and any repossession fees that the lender incurred.
If the repossessed car is sold and the sales amount is insufficient to cover the unpaid balance, the lender cannot obligate the borrower to pay for the deficiency.