Can You Still Get PLS Title Loans?
PLS has been widely known for check cashing services. They offer other features, such as financial transfers like Western Union and other money orders. Money orders can be used to send payments to other individuals. Essentially, it is a secured alternative to sending cash or a personal check.
If you are not concerned about their check cashing services or money orders, then you should be aware of changes that were made recently. While you may be unable to get a PLS title loan unless you reside in one of the participating states, like Illinois, there are other loan options to choose from.
What is a Title Loan and How Does it Work?
Title loans may be referred to as pink slip loans, auto equity loans, or auto title loans. While the name is different, the concept is the same. Title loans are secured loans that allow you to tap into the available equity in your car. Typically, you can access anywhere from a quarter to half of your vehicle’s value if you are eligible. To qualify for a car title loan, you will need to have a title to a car with positive equity in your name. Additionally, you must be of legal age. You are expected to provide a little bit of paperwork to verify your income, identity, and other key information.
Driving your car is possible during the repayment period. But keep in mind that you are expected to keep up with your payments.
Do I Need Good Credit to Get Approved?
Whether you are applying for a PLS title loan or working with another lender or title loan company, you do not need a perfect credit score to obtain approval. Since car title loans are secured loans, you can expect them to be a lot more flexible with credit criteria than unsecured loans, such as personal loans. 5
What Are My Options Besides a PLS Title Loan?
Unless you live in the right service area to apply for a PLS title loan, you will need to explore other options.
If you are trying to get financial help to get back on your feet and are considering a title loan, you can still turn to Max Cash® Title Loans. Max Cash Title Loans cannot connect you to PLS but instead, will connect you to qualified lenders in our network if you are eligible for a title loan. Let us do the legwork for you when you need a title loan. Check out our service area locations and FAQs to learn more about how title loans work!2 5
Why Work With Max Cash Title Loans?
When you need title loans to get back on your feet, Max Cash Title Loans can be the answer. We have a network of verified lenders to choose from. You’re working with the top dogs in the industry! Check out other key benefits of working with us:
- Bad Credit or Past Bankruptcy? No Problem5
- Keep Driving Your Car While You Pay Off Your Loan
- Get Approved on The Same Day You Apply in Some Cases5
- Access Convenient Terms and Competitive Rates4
- Get the Tools You Need to Get Back on Your Feet
Don’t wait to see if you qualify for fast financial help. Fill out an inquiry form or call 855-561-5626 today to see if you qualify for emergency funding.2 5