Car Title Loans is a loan that involves borrowing money on a piece of collateral, most typically, a car. The car’s title is held by the lender, hence the name of the loan. The loan amount is based on the amount of equity in the car. This means, how much the car is worth after any debt that is currently owed on it.
What’s Good about Car Title Loans?
When it comes to car title loans, there is no credit check done. The only major consideration is the condition and value of the car. In addition, since only the title is used as the collateral, you can still use your car while paying your dues.
When Can Car Title Loans Help?
Car title loans can be a great option for those tough times when cash is short. The best plan is to take your time when looking for a lender, so you can make sure you get a reputable title loan company that will work with you honestly and fairly.
You Get Your Money Quickly
Once you’re approved, the lender gives you the money. Instead of waiting weeks for a decision, the lender decides on the spot if you get a loan. This is good if you’re in a jam and need the money as fast as possible. When you work with Pit Stop Loans, you can get approved in as little as one hour and receive the loan on the same day.
Simple Requirements
We stay away from outlandish requirements. Unlike getting a traditional loan where there are plenty of paperwork, we avoid these things so that our clients can walk away with cash the same day they apply for a loan.
If you need cash right now, contact us at Pit Stop Loans today. Call us toll-free at 1-800-514-9399 or apply online and we will get you the cash you need as quickly as possible.