What are Car Title Loans?
Car title loans are an easy way to pledge the vehicle and obtain loans. This is a loan that you can take out by putting your car up as collateral. Your car still remains your property and you can still use it. The lending criteria of these loans are accommodating. If you have a car and it is free of finance, you are eligible to apply. It’s as simple as that!
Low Interest Rates
Depending on the value of your vehicle, you can borrow large sums of money, which can reach up to $25,000. These loans charge a comparatively small amount of interest, typically 90% cheaper than the amount charged by payday lenders, marking them as a more financially viable option.
Credit Check is Not Necessary
No credit check is an important feature of car title loans. This implies that people with all kinds of credit status can enjoy these loans. Bad Credit status, commonly known as bad credit history, is the reason behind a large number of loan refusals or loans lent on strict terms. Through title loans, borrowers with bad credit history get a chance to draw larger funds at indiscriminating terms.
Online Application for Quick Approval
Online application allows borrowers to apply for car title loans conveniently. While personal details have to be submitted in the application form, a borrower will also have to submit details about the vehicle such as its type, make, model, the year it was purchased and the mileage that it is presently offering. With work going on at the lenders round the clock, borrowers are sure to get a quick approval and a fast sanction of car title loans.
Choose the Right Lender
Should you decide to apply for a title loan, you need to look around carefully for the best terms. Your best plan would be to find a good professional and reliable company that can offer the loan that will fit to your financial situation.
To find the best deals for a car title loan, Pit Stop Loans is the right choice. We provide the loan you need based on the value of your vehicle, not on your credit score or level of income. For more information on the rates and terms, call our customer support toll-free at 1-800-514-9399. To get started, just refer to our “Apply Now” page.