Need fast cash but have bad credit and aren’t sure where to start? Title loans could be the perfect option for you. And Max Cash® Title Loans can help residents of North Platte, Nebraska connect with the best online title loan lenders.5
Not sure if title loans are the right kind of lending for you? Keep reading more about title loans in North Platte, and about the financial services that Max Cash Title Loans offers.
Are Car Title Loans in North Platte Secured Loan? How Do They Work?
Yes, title loans are a secured kind of lending, which uses the borrower’s vehicle as collateral. This adds security for the lender, who is taking the risk with the flexible loan approval.
When the loan is taken out, a lender will add a lien to the car’s title, which will give them temporary ownership of the vehicle. While this lien is on the car’s title, the car will legally belong to the lender. The convenient thing is that a borrower can continue driving your vehicle as you repay your loan!
Once the loan is paid back in full, the lender will remove themselves from the car’s title, and the car will belong to the borrower again. And from here, they can sell, or use the vehicle for another car title loan!
And so as you can see, these loans are fairly simple!
Will Credit Impact My Ability to Be Eligible for North Platte Auto Title Loans?
The flexible thing with title loans is that even if a lender does a credit check, what shows up on your credit report may not be a huge factor when determining eligibility.
This is because the lender has the security of the vehicle involved, and so instead of focusing on credit they will take into consideration a few other things:
- The Value of the Vehicle Involved—the value of the vehicle will be based on, its make, model, year, condition, and mileage. The value of the vehicle will largely impact the value of the title loan.
- The Borrower’s Income—The borrower’s annual, and monthly income will be looked at to determine the loan amount, and the repayment terms.
- The Borrower’s Ability to Repay the Loan—This factor will encompass income, expenses, and existing debt. This will impact everything from eligibility to repayment.
Even though credit history will not be a huge factor when determining eligibility for title loans, it is a good idea to try, and improve it as much as possible. This is because the applicant’s credit history and credit score will impact the amount of interest on the title loan (both the annual percentage rate and the monthly percentage)
What Can The Funds From a North Platte Car Title Loans Be Used for?
The great thing about title loans is that the funding from them can be used for a variety of different reasons. Here are a few ways to use these cash loans:
- Medical Expenses
- Utility Bills
- Home Repairs
- Vet Expenses
- To Pay Rent
- Legal Expenses
- Debt Relief
- To Pay for a Mortgage
- Funeral Expenses
- Car Repairs
The Perks of Working with Max Cash Title Loans and the Direct Lenders that we Work With
Because of the way that Max Cash Title Loans operates, there are all kinds of benefits that can come with the loan companies we work with and our online application process. Below are a few of these benefits :
Low Monthly Payments with These Installment Loans4
At Max Cash Title Loans we try our best to connect people with affordable title loans.4 5 And so, you can rest assured that your monthly payments are low throughout repayment.
Helpful Customer Support
When working with Max Cash Title Loans in Nebraska you can get help every step of the way. Our loan agents are available to talk to you 7 days a week and can help you from applying all the way until your loan is paid back.
For those rare times we cannot be reached we have tons of resources on our website—check out our FAQ page for answers to our most common questions.
No Hidden Fees3
There are never any hidden fees when it comes to repayment. Everything about these loans will be stated clearly in the loan agreement.3 This can be a huge advantage with title loan lending and even other subprime loans, such as payday loans which can come with all kinds of hidden finance charges.
Get Quick Cash 1 2 5
Once you fill out a loan application and are approved for a title loan you could have the funds in as little as one business day!1 2 5 The funds can be sent to a bank account, mailed to you, or even picked up at a place like MoneyGram.
Competitive Interest Rates4
The lenders we work with all come with highly competitive interest rates, which could mean tons of savings over time.4
Flexibility with Repayment4
The loan terms with the lenders that we work with can be as little as a few months, up to a few years—which means you could get a short-term loan or something longer.4
Allocate the Funds Right Away2
Once you receive the funds, you can use them right away!2 Title loan funds can be used for a variety of expenses, everything from home repair to medical expenses.
Apply for an Online Title Loan Right Away in Nebraska!
When you need fast cash start with the experts at Max Cash Title Loans. We make it easy to connect with the best title loans online.
Disclaimer: Max Cash Title Loans services this area but this map does not represent an actual location