If you need to borrow some money, but don’t have a perfect credit rating, then a car title loan could be an option for you. With a car title loan, you borrow money and secure the loan against your car. If you fail to pay the money back, then you could lose your car, which means that you must take the loan seriously.
Car title loans are a good option for people who want to borrow a small or medium amount of money. Those who maybe cannot use installment loans or large overdrafts, but who need to borrow more than they could put on a credit card. We help people to find car title loans that are affordable for their circumstances.
We connect borrowers with prospective lenders. Simply fill out our car title loans request form, and describe your circumstances and the amount of money that you are looking for. We will try to connect you with lenders who are likely to be willing to work with you, and therefore save you time with shopping around and approaching individual lenders.
After you fill out our loan request form, you will be given details of lenders who are likely to be suitable for you. Each lender will have their own criteria and may want to perform a credit check on you or request additional information. They will want to know more about your car, for example, and about your income and how you will pay the loan back, as well as get clarification of what the loan is for. If you provide this information in full, it will help to increase the chances of getting a positive answer to your loan request.
Car title loans serve a valuable niche in the market. They are a good option for people who want to borrow money but who struggle to access loans from mainstream banks. In the ideal world, low interest overdrafts and credit cards that get paid off in full each month would be the best option for most people, but it doesn’t always work out like that. Payday loans and cash advances can be useful for small amounts of money for people who need to access credit urgently, but if you need a larger sum, such as to replace an expensive item or some work tools, you may need to take out a loan that is secured against something. Securing a loan against a house is a huge decision and if you have a good deal on your mortgage right now, you may not want to look at changing the terms of that. The next option is your car. If you own your car and know that you will be able to make the repayments on the loan, you are in a good position to borrow.
Our loan request form is simple and secure and we will not use the information that you provide for anything other than helping you find lenders to work with. We do all of our work online, although some lenders may want to talk to you on the telephone. We take pride in offering a simple and efficient service, and we will do everything that we can to help you find a lender quickly. In many cases, once the loan has been approved, you can have the funds deposited into your account as quickly as by the next working day.
Taking out a loan is a serious commitment. Remember that if you fail to repay the loan, you could lose your car. Therefore, make sure that you borrow only what you need and that you borrow it for only the time that you need to pay off the loan. Set the payments to be an affordable amount each month, but don’t be tempted to spread the loan out longer than it needs to be. Longer loans mean more interest paid in total and may also mean that you end up in a position where you are at a greater risk of a change of circumstances, therefore a greater risk of being unable to make the monthly payments.
It is always a good idea to shop around. Compare interest rates and terms and discuss your needs with the lenders we connect you with. The lenders all have different products, and things like the option to repay early could make all the difference to the long term cost of borrowing.
You will need to own your car to take out finance on it so not everyone is going to be able to use this option. For those who can, it is a good way of accessing finance that could well pay off.