If you need fast cash, title loans in Renton, Washington, a title loan in Renton could be the perfect solution, even if you have bad credit history.
For the best service with title loans start with the experts at Max Cash Title Loans. At Max Cash Title Loans, we are the #1 nationwide online car title loan marketplace. If you are already sure that a title loan is right for you, head to our website and apply for an online auto title loan right away!
For more information on our team and services, and on title loans keep reading below.
Title Loans 101
For those who are completely new to title loan lending, it will be helpful to get a basic understanding of how these loans work. Title loans are a type of secure lending which works by using the borrower’s vehicle as collateral. When the loan is taken out, the lender will add a lien to the car’s title, which means that they have temporary ownership. They will legally own the car until the loan amount is paid back in full.
While repaying a title loan you will most likely be able to continue driving your vehicle.
Is Bad Credit Okay for Car Title Loans in Renton?
As mentioned briefly above, having a low credit score, or bad credit history, is not a huge deal for title loan eligibility. Even if you have no credit or a past bankruptcy you could still be eligible for title loan lending.
The main reason for this is that the lender will have the security of a vehicle. And so instead of focusing on credit history title loan lenders will instead pay attention to the value of your vehicle, and your income. And so, having a safe working vehicle, and ongoing income are the very basic requirements of title loan approval.
Keep in mind, that there will be a credit check with the loan process to check for active bankruptcy.
Do I Need to Be Employed for a Car Title Loan in Renton, WA?
In order to get a title loan, you do not need to be employed with a 9-5 job at all. People who are contract/ freelance workers or even those who are receiving unemployment, social security income or disability income could all be eligible for car title loans in Renton.
How Will Title Loan Repayment Work and How do I Get my Car’s Title Back?
Although every loan agreement and lender will be different, in general, you can expect repayment to look like this:
- The same due date for payments each month
- repayment beginning about 30 days after receiving loan funds.
- You can expect an amount that includes the principal amount and the interest rate.
Once your title loan is paid back in full, the lender will attach a release to your car’s title, or remove themselves from the title through an electronic title transfer. You can then head to your local DMV / Secretary of State for a new lien-free title.
What Documents Will I Need for Renton Title Loans?
When completing a loan application, you will need to have a few documents:
- A state-issued photo ID (a driver’s license, or passport etc.)
- Proof of income
- Proof of residence
- 3 references
- Proof of insurance
- Several pictures of the vehicle
- The vehicle title.
Why Start with Max Cash Title Loans?
When beginning the search for title loans, start with Max Cash Title Loans. Instead of being a direct lender ourselves, we work with title loan companies across the United States. Because we get to pick and choose the online lenders that we work with, the loans we service could come with:
- Low monthly payments — from beginning to end, the monthly payments will be kept low, and affordable.4
- Flexible repayment terms— whether you need a short-term loan or a longer loan, you may be able to get the repayment terms that work best for you.4
- No hidden fees— there are never hidden fees with the loans that we service. And so, you don’t have to worry about any surprises.3
- Competitive interest rates — the interest rates for the title loans that we service are highly competitive!4
- Payment terms that make it easy to get approved funds— once approved for a title loan the funds can be easily accessible, and in as soon as 24 hours.1 2
- An Easy Process for Online Title Loans — from the online application, vehicle inspection, and getting approved funds, everything can be done online.
- No prepayment penalties— pay your loan as early as you would like without any fees or penalties.3
How the Process Will Work with Max Cash Title Loans?
Here is a simple outline of the title loan process when working with our team:
- Talk to a Loan Agent
- Find out Eligibility.
- Get Funding Once Approved1 2
You can expect the entire process to take about 40 minutes, and once approved the funds can be made available in as little as 24 hours.1 2 Get the funds transferred to a bank account, have them mailed to you via check, or pick them up at a local MoneyGram location.
If you need more information on the lending process of on Max Cash Title Loans give us a call. We are here 7 days a week for your convenience.
Apply for an Online Vehicle Title Loan Right Away!
When you need emergency cash but don’t have good credit, a title loan may be a great option. And Max Cash Title Loans is the best place to begin your search. To get started with a title loan, simply head to our website, and fill out an application form or give us a call at (855) 561-5626.
Disclaimer: Max Cash Title Loans services this area but this map does not represent an actual location