A car title loan may be one of the simplest ways to get a short-term loan. Sometimes, qualified borrowers can get funded in as little as one business day!1 So, why not use your car title like a pro for loans?
This is especially helpful for those currently dealing with an unexpected event that leads to financial trouble.
When applying for an auto title loan, you want to start by:
- Determining how much cash you need,
- How much cash you can afford to pay back,
- And gathering the right documents to submit an application.
Don’t stress about your credit history- you may not need strong credit to apply for a car title loan.5 While you may not have made informed financial decisions in the past, it is never too late to get informed! Learn how to use your car title like a pro with Max Cash® Title Loans.5
What Do I Need to Get a Car Title Loan?
You will need to fill out an online application and provide basic information about yourself and your vehicle. This will let us see your potential eligibility for the funding you need.5 You will need certain documents to find out if you qualify, such as:
- Valid Government-issued photo ID
- Vehicle Title in Your Name
- Three references not related to you
- Proof of Income/Residence
- Insurance (some states require this but not all)
A Max Cash Title Loan representative will answer any questions you may have and help you at every step of the approval process. You will be able to pick up your quick cash in a variety of ways. Choose an overnight check or even a direct deposit to your bank account! Just call 855-561-5626 to use your car title like a pro for loans and learn more about the inquiry process for a title loan.
How Do Auto Title Loans Work?
Car title loans are simple, collateral-based loans. They allow a user to essentially borrow of the value of their car and turn it into funding they can use! To use your car title loan a pro for loans, you will need to use the title as collateral for the loan. This means that a lien will be placed on your vehicle title until the loan is paid off.
Since collateral is used, the lending risk is minimized- so you do not need to have perfect credit to inquire about the financial help you need.5 Curious about how to apply for one?
How Much Can I Borrow Through a Title Loan?
Your loan amount will depend on your vehicle’s wholesale value and income. Typically, depending on your state laws and lender, you can access about 50% of your car’s equity through a title loan! Just fill out the online application to see how much you can potentially qualify for.1 To learn more about the minimum loan and maximum title loan approvals at Max Cash Title Loans, give us a call at (855)561-5626 or visit our FAQ page!
When Using Your Car Title for a Loan, Remember this:
Create a Budget: Creating a budget is one of the best things that you can do to help your financial situation. You can write down categories and distribute the cost associated to those on a piece of paper and after that you can see how much you have left to spend or pay your loan. Make sure to keep money for essentials like food, rent and gas. Remeber to prioritize your loan payment each month!
Read the Contract: Regardless of whether you’re financing a car or using one as collateral, it’s important to compare options to make sure you’re getting the best rate. It’s wise to always read the terms of each loan and check for potential penalties.
Compare the Cost: Figure out the overall cost of not having the funds for your purpose, then weigh it against the typical cost in fees and interest of a car title loan.
Pay More If You Can: If you can afford it, pay more than the minimum payment each month to give yourself a better financial footing!
Managing a personal loan can potentially be stress-free once you’ve worked out the details. Being disciplined and getting ahead on your loan could place you ahead of the curve.
Perks of Working with Max Cash Title Loans
Max Cash Title Loans wants to help you obtain the financial assistance you are searching for. ⁵ In addition to that though, we offer our customers a long list of fantastic perks. So contact us today, take advantage of our useful services, and learn more about how Max Cash Title Loans works. We offer these great incentives:
- You could get pre-approved for a car title loan in almost no time at all ⁵
- We explain how title loans work if you have questions
- No need to stress about having bad or poor credit, you could still qualify for a loan ⁵
- Review repayment terms with your loan officer⁵
- You could receive your car title loan money in as little as one business day⁵
- Bankruptcy in your past may not keep you from obtaining a car title loan⁵
Free Customer Service: One thing that people should not be afraid of is asking questions about title loans or the process of getting a title loan. Whether we are helping one person find possible title loan options or answering a few questions to a prospective borrower, we provide the best possible service that we can deliver at no cost!
Free Help: With dedicated representatives putting in the hard work 7 days a week, we make sure to work to provide our customers with a guiding hand that will lead them to options they could consider.⁵
Here at Max Cash Title Loans, we want to make sure that we are that neighbor or friend that someone could turn to when they need help with the hundreds of options that may seem overwhelming when looking for a title loan alone. Apply now or give a Max Cash Title Loan agent a call at 855-561-5626! Learn to use your car title like a pro for loans!