A title loan can be a fantastic way to get immediate funding for your needs.1 In the title loans, the car is termed collateral till the loan amount is successfully paid back. Then, the borrower will hand the car’s title to the lender. They will get the full ownership back when they have paid the loan amount.
Car title loans are sometimes preferred over all other loans due to their less painstaking process. The entire title loan process is time-efficient and effortless.
Some fundamental requirements make you eligible for a car title. First, you:
- You must have a minimum age of 18 years.
- Second, you should have a legitimate government ID card.
- Finally, an auto title in the name of the consumer is necessary.
- An official document that proves your age is more than 18 years.
- Proof of residence is necessary if the lender has to contact you.
- Proof of income is mandatory as it will increase your chances of getting the loan.
- Your social security number is necessary.
- All the essential car papers are required. The car registration under your name, insurance papers, VIN no., and car photos with visible number plates and descriptions.
- Your driving license must be there.
- At least two or more personal references are required.
The title loan procedure can be a hassle-free. You can get quick money in a day with minor formalities, unlike other loans. The simple steps to follow are:
- Fill an online title loan application for free.
- Make the above-listed documents ready.
- Discuss the interest rates, and you will get your cash on the same day.1 2 5
The lender will determine the value of your car after inspecting it. The value depends on:
There are various methods in which you can get your approved money:
- Direct deposit
- MoneyGram pickup
- Wire Transfer
Call 855-561-5626 to talk to a title loan agent about getting your money!
Max Cash Title Loans works in an immensely customer-friendly way:
- You can submit your inquiry online without spending a dime.
- You must present fundamental documents.
- You can apply even if you have a bad credit score.
- You could get three years to pay off the sum, if needed.3 4
- Your interest rate has the potential to go down.3 4
Now that you have a brief idea about how the car title loan works, you can call us and get a clear picture. It is a very safe and secure way for immediate cash at competitive interests and flexible options.1 2 5
Call (855) 561-5626 for potential instant approval of your loan and fuss-free funding.1 2 5 You don’t have to worry if you cannot pay your first installments; you can always request an extension.
If you cannot pay one or two installments due to some emergency, you can always talk to the lender. Repossession happens when you are not responsive. Be honest and keep the tiny amount flowing to the lender.
Then, discuss your agreement again, and you could extend the duration of the payment. The Max Cash loan guide informs you of the procedure and helps you with every query.