There are multiple options that include quick cash, but it may not always be what you are looking for or what may sound like is best for you. Every financial situation is different and at Max Cash Title Loans in Cambridge, figuring out what you need is what we do.
At first, you may think that a payday loan is the type of loan you need, but what happens is you get a loan, and you must pay it back the next time you get paid. It can turn into a revolving circle that doesn’t seem to end, but Max Cash Title Loans in Cambridge can connect you to instant approval options that are tailored to you.1
An auto title loan is one of the easiest loan options available for borrowers in need of emergency cash and the process in Cambridge, MA is simple. Regardless of bad credit, poor credit and your credit history, we can help review your options.
If you have a vehicle in good working condition, you are already in a good spot. Auto title loans are a type of secured loan that determine the value of your vehicle to lend you cash, and they may require less paperwork in comparison to other loans. Max Cash Title Loans in Cambridge work with direct lenders to find only the best title loans available.1 2 5
Title loans are secured loans and use the borrower’s vehicle as collateral. The loan amount the borrower gets is based on the value of your car. This adds a layer of security for the lender, who is taking the risk with the cash loan approval.
When a borrower goes through the application process and 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! It’s a hassle-free process!
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!
Car Loans vs Auto Title Loans
Many borrowers can be a bit confused when it comes to comparing car loans and auto title loans. Although they sound pretty similar, they are very different. Car loans are a form of personal loan taken to purchase a car. Auto title loans may also be referred to as car title loans or simply as title loans.
There is one major difference between car loans and auto title loans and that is that car loans must only be used to purchase a car while title loans can be used by the borrower to settle any financial commitment. Another major difference is that car loans may be acquired with or without collateral. However, title loans require vehicle pink slip as collateral.
To apply for auto title loans, the online application is fast, easy and very convenient. It just takes a moment to get the process started today. Your title loan form can be filled out completely online or over the phone with no store visit.
Once approved, prepare the necessary documents and send them via email or text. Remember your credit score does not play a big factor in eligibility.
Sign the contract, get funded and pick up or have a cash advance or loan directly deposited into your account. You can also pick it up at one of our many locations in Massachusetts as well as the Cambridge area and all surrounding areas.
What Are the Basic Requirements to Get An Auto Title Loan in Cambridge, MA?
- A clear vehicle title with your name on it
- Photos of the car
- Proof of income
- A Government-issued ID
- Proof of residence
- Bank account information (not always required, depending on the lender)
- Proof of valid vehicle insurance and registration (also, depends on lender)
- If you don’t have everything on this list, that is not a problem for the most part, our skilled representatives can find ways to waive some of the requirements.1 2 3
Car title loans are short-term secured loans that use the borrower’s car as their collateral.
Auto title loans are easy to apply for and can be done online but not all states allow them.
To obtain a title loan you’ll need to provide documentation that you are who you are, and you own your vehicle, that you have earned income, and at least two references.
You should try to pay it off as soon as possible to avoid additional interest fees.
How Max Cash Title Loans Could Help
No matter where you are located in Cambridge, or Massachusetts, chances are we can help you with a title loan!1 2 5 When you need fast cash do not hesitate to inquire for a hassle-free online experience. Get started online with a quick form, or call 855-561-5626 to talk to a title loan expert now!