The state of the economy over the last few years has taken a toll on a majority of us. If you are in a tough spot financially, you are not alone. Most Americans have been experiencing struggles in their personal finances as a result of the pandemic’s economic crash. You might be in a position where you could really use some temporary funds to help you get back on your feet. But it can be difficult to find a loan that is affordable and readily available to you. If your credit score is not in the best of shape right now, that can make your chances worse. So where can you find affordable title loans?
Bad credit loans might be your best option at the moment. But, if you are under the impression that the only loan options possible will cost you an arm and a leg, we might have a better avenue for you. Auto title loans could be a perfect solution for you! If you own a vehicle with a clear title in your name, you can apply for cash in no time.5
Title loans are a more affordable bad credit loan option that Max Cash® Title Loans makes even more affordable by allowing you to shop around for the best deal! We’ll get you the information you need to know about how title loans work and how to qualify for one.
What Are Title Loans?
Auto title loans are set apart from the other kinds of installment loans for subprime borrowers because they are secured using collateral. When a loan is secured rather than unsecured, it reduces the risk posed by a borrower with a poor credit score. Lowering the risk allows lenders to approve more people from a wider variety of financial backgrounds.
Title loans are secured using the equity value of your car as collateral. The higher the value in your car, the more money you will potentially be able to qualify for with your title loan.1,5 If you have positive equity in your car and the ability to repay the loan, you can potentially be approved for a title loan regardless of bad credit and even despite past bankruptcy on your credit report.5
How to Get Title Loans That Are Affordable
The secured aspect of auto title loans doesn’t only serve the purpose of allowing you to get approved despite poor credit. It also can make your loan far more affordable than other subprime lending options because of lower interest rates.
Bad credit loans usually have high-interest rates which can be even higher depending on your credit report. Title loans end up being relatively affordable compared to the other options out there with far more competitive interest rates.
Additionally, if you have someone on your side who knows the industry and which lenders can offer the most competitive interest rates, you will be sure to get access to the most affordable title loans available.4,5 Max Cash Title Loans can connect you to some of the best deals through the online nationwide title loan marketplace!
The Qualification Process for Auto Title Loans
You’ll be surprised by how incredibly easy it is to find out if you qualify for an auto title loan.5 Max Cash Title Loans has streamlined the process so it can be explained in three simple steps. Sometimes you can even get the funding you need as quickly as the very next business day after approval.1
To find out if you can qualify for a title loan with the help of Max Cash Title Loans, follow these three steps5:
Step One: The Online Inquiry Form
Firstly, you can fill out the online inquiry form found on the homepage of our website. This is important to get some basic information from you about who you are, what kind of car you have, and what your current finances look like so that we can determine whether you pre-qualify for a title loan.
The inquiry form will ask you for your name, your address, and your date of birth. It will also ask about your monthly income and the car you want to use for the loan. You will be asked to provide the make, model, and mileage of the car. This info will enable us to let you know if you pre-qualify for a loan and how much you might be approved for.5 The best part of Max Cash Title Loans is this pre-qualification is completely free and there is absolutely zero obligation!5
Step Two: Important Loan Documents
Secondly, if you wish to move forward with the qualification process, you will be asked to provide some crucial documentation. This paperwork is used by an agent to help you verify your information.
The standard documents needed for approval are as follows:
- Valid, Government-Issued Photo Identification.
- Proof of Income.
- Proof of Residence.
- Title of Ownership of Your Car.
- Clear and Well-Lit Pictures of Your Car.
- Personal and/or Professional References.
Step Three: Get Your Cash!
After looking over everything included in your application, you will be notified whether you have been approved. Then, you can find out how much your auto title loan will be for. You can review the contract and discuss any potential issues you might find with your title loan agent. Once you are satisfied you can sign the contract and decide how you wish to receive your funding!
Find the Most Affordable Loans with Our Title Loan Marketplace
The benefits of comparison shopping cannot be overstated. With the opportunity to compare and contrast offers, deals, and interest rates from various lenders in the industry, you are guaranteed to find the most affordable title loan for you. Max Cash Title Loans makes it possible for you to do this with their game-changing title loan online marketplace.
Max Cash Title Loans can help you find a title loan that fits into your budget. Don’t waste hours on your own research when we can do all the work on your behalf. Figure out which lenders are in your area, how much money you can get from them, and who is offering the most competitive interest rates.
It costs nothing to pre-qualify with zero obligation so fill out the online inquiry form to learn more!