Have bad credit history, but need fast cash? Title loans in Helena, Montana can make it possible for borrowers with poor credit, to get the emergency cash that they need. In addition to that, with the right lender, you could get an affordable loan, with manageable monthly payments, all while taking care of your financial emergency.
When looking for car title loans in Helena, or anywhere else in Montana start with Max Cash Title Loans. We are the #1 nationwide title loan marketplace, and make it simple to connect with vetted lenders, at no cost to you.
Need more information on us, or on title loans in general? Keep reading below for more information on these secured loans, and on Max Cash Title Loans in Helena.
The Basics of Title Loans in Helena, Montana
As mentioned above, title loans are collateral loans. The borrower’s vehicle is what will be used in order to secure funding for the loan. And so, when the loan is taken out, a lender will add a lien to the vehicle title, meaning they will get legal ownership of the vehicle. Once the loan is paid back, the lender will provide a lien release in the paper, or electronically. Once the removal is processed, the borrower can have legal ownership of the vehicle again.
Eligibility and loan amount for auto title loans will be based on the value of your vehicle involved and your income. And so, even if a lender conducts a credit check, it will not play a large role with eligibility. This is one advantage of these loans, when compared to personal loans, or traditional bank loans.
Required Documents for A Title Loan
When applying for an auto title loan through an online application, it will be helpful to have a few documents with you:
- A state-issued photo ID
- Proof of income
- Several pictures of the vehicle
- Proof of residency
- Car insurance information
- 3 References
Can I Keep My Car with a Title Loan?
One of the major questions that an applicant may have with title loans, is whether they can keep their vehicle while their loan is being repaid. And, in most cases, yes a lender will let a borrower keep and drive their vehicle as long as a borrower continues to make their payments, as stated on the loan agreement. Keep in mind that the lender will need to know where the vehicle is kept during the repayment period.
What will Repayment Look Like with Helena Car Title Loans?
Unlike other subprime loans like payday loans, title loans come with a range of repayment terms. You could get a few months to repay your title loan, or with some lenders, you may get a few years. No matter how long or short your loan is, there will be a single monthly payment that will include the principal and the interest rate for your loan. There are some lenders out there who may accept additional payments or early payments, while others may charge fees for that.
In general, payments to a lender can be made online, over the phone, or through a check. Late fees, and other financing fees (if any) will depend on your lender.
What Happens if I Cannot Repay My Auto Title Loan?
Another question that you may have about these cash loans is what happens when you cannot repay your auto title loan. In most scenarios, your title loan company will try and work with you. This could mean options like making a few late payments with fees, or even as far as adjusting repayment terms in the case of a change in your finances. Sometimes depending on your situation, you may even want to look into refinancing with a new loan.
If you end up defaulting on the loan, the lender does have the legal right to repossess the vehicle. However, this is usually the last resort for most lenders, who would much rather work with their borrowers to get repayment back on track.
Where to Start to Get the Best Title Loans in Helena?
Not sure where to begin the title loan search? Finding the right option for online title loans can be overwhelming, and how do you even know that you are getting the best deal? This is where Max Cash Title Loans comes in! We are the #1 nationwide online title loan marketplace. And we have gathered the best title loan lenders all across the nation. All of our lenders have been vetted, and are all reputable and fair. In addition to that the loans that we can connect you with could come with all kinds of unique benefits:
- A fast approval process— at Max Cash Title Loans, we know that most people may not have a ton of time. That is why we offer pre-approval online, and from here the entire process takes up to an hour. In about an hour you will find out about loan approval. No appointments, or long wait times, we are here to help you quickly. 7 days a week.
- Low monthly payments— affordability is important to us when filtering lenders. And the loans from our marketplace offer affordability, the monthly payments will be highly manageable.
- Highly competitive interest rates— the interest rates for the loans that we service are highly competitive. And so, no need to look around on your own to find the best rates.
- No hidden fees — there are never any hidden fees with the loans that we service. And so no need to worry about any additional hidden costs during or after title loan repayment.
- No prepayment penalties— you can pay your loan early without any fees or penalties! This can be a huge advantage for many people.
- Fast process and fast funding—the entire process is fast, and once approved, the funds can be made available in as little as 24 hours.
- Easy title loans— because we do the entire title loan process for you, everything is easy and takes only about 3 steps.
- Pick up the funds easily— after loan approval, the funds can be sent to a bank account, mailed to you as a check, or picked up at a local MoneyGram location.
- Short-term loans or Long-term loans— whether you need short-term or long-term loans, lenders could provide those repayment terms.
Apply for Helena Auto Title Loans
If you are ready to begin the title loan process, simply head to our website and fill out a loan application. Or give us a call at (855) 561-5626 Max Cash Title Loans, we make it easy for residents of Helena, Montana to connect with title loan lenders.