Corporate Flyer Blog

Auto title loans benefit homeowners who have been rejected by other financial institutions.  If you are a homeowner and need money for renovations or repairs and cannot obtain funds from a mainstream lender then you should consider a title loan.  These loans are easy to obtain and can save the day for unexpected home repair expenses.

The requirements for a title loan is that the applicant must own their vehicle along with a free and clear title.  This loan is considered a secured loan, since the lender will be using your vehicle as an asset for collateral.

Oftentimes, these loans can be applied for online and without a credit check.  Online lenders provide a short application that can be filled out and submitted directly from their website.  Once received, a loan specialist will contact you with further instructions on obtaining your funds.  The funds may even be available the same day.

Title loans are not available in every state.  Not to worry!  Visit www.15minutetitleloan.com to locate a store nearest to you.  Even if your state does not allow title lending, a bordering state to you may be an alternative.

If you are looking for a fast and quick access to cash an auto title loan can be the best option. Just as the name suggests, an auto title loan is funded based on the clear title of your car and its value.  These loans are short term, usually around 30 days to pay off – but some companies allow you to roll the loan into a longer payment program.  Which offers a lot of flexibility to the loan customer.

Traditional lenders refuse to make a loan if a borrower have low credit score, in fear of the customer defaulting on the loan and contributing to the record number of companies having to write these bad loans off of their books. Car title lenders can help bad credit borrowers to secure the funds they need when everyone has said no.  

So basically, bad credit, no credit, slow credit, or bankruptcy does not disqualify you for a vehicle title loan as this loan is primarily based on the title of your vehicle and so no credit check is required. Moreover the lender has sufficient collateral to cover their costs in case of default.Car title lenders are now offering their services online, giving you the option to fill out a short, confidential, online application.  Once the application has been completed a loan specialist will contact you with further instructions on how to obtain the funds and to explain the loan terms.  So apply now for an auto title loan and get the cash in hand regardless of your past credit history.

When you are facing a financial crisis or emergency and have bad credit considering a car title loan may be your best option.  It is easy to obtain online approval for a title loan – all you need is your vehicle for collateral.

If you default on your payments and become delinquent, the lender will take steps to repossess the vehicle.  They will then sell your car to recover their debt.  However, most lenders will work with you to find repayment terms that suit your needs.  In order to borrow the max amount for your vehicle, you need to know how much equity your vehicle holds.  In other words, how do you get an accurate evaluation of your vehicle’s worth?

It is beneficial to educate yourself on how lenders determine the value of your vehicle.  The major factors that lender’s consider are:

• Vehicle make and model:  this gives the lender an idea of how safe your car is and how much value it holds.  Models and brands that are really popular are often considered safer and have better resale value.
• Automobile history:  if your car has been damaged in an accident this makes it more difficult to sell and will decrease the value.  The lender will not be willing to loan as much on a damaged car.
• Mileage and age:  the age of your vehicle and the amount of miles will also determine the loan amount.  The older the automobile and more miles – the less the lender will loan.
• Upgrades and options:  interior upgrades, new tires, wheels, etc. will increase the value of your vehicle – therefore increasing the amount of the loan.

A popular online tool to determine the value of your vehicle is Kelly Blue Book – www.kbb.com.  This site lets you put in all of the details about your automobile and will calculate a precise market value.  Once you have assessed the value of your vehicle, find a reputable lender and fill out their online application.  A loan approval specialist will contact you with further instruction on how to obtain your cash.

As the availability of credit continues to dry up, more consumers are utilizing other means to obtain the cash they need.  One of the more popular alternatives are Title Loans.  A title loan is a short term loan that is based on the value of your vehicle.  To qualify, your vehicle must be paid off and the title must be free and clear of any liens against it.  The lender will determine the amount of funds available to you after inspecting your car.  Typically, this is about half of the vehicle’s blue book value.

For example:

Nissan 350z with a Kelly Blue Book Value of 12k

The maximum title loan available is 6k and the minimum available would be $300.

A lot of lenders offer their services online.  You just need to fill out a short application and wait for a loan manager to call with further details.