If you are looking into funding but don’t have the best credit, you may be considering a title loan. One of the first questions you have is what a car title loan can pay for. The good news is that car title loans can be used to pay for a variety of different expenses and emergencies.
When looking for a car title loan start with the experts at Max Cash® Title Loans. At Max Cash Title Loans, we make it easy to connect with lenders that we work with! To get started simply head to our website and fill out an application, or give us a call at 855-561-5626.
Keep reading to learn more about car title loans and the different expenses they can pay for!
Can a Car Title Loan Pay for Any Personal Expense?
The good news about title loan funding is that it can be used for all kinds of emergencies. This makes funding accessible for those who cannot be eligible for something like credit cards, personal loans (from banks or credit unions), or other credit dependent lending/ unsecured loans. Or for those who do not want to be in a cycle of debt which is common with payday loans.
Here are a few reasons people use title loan funding:
If you are facing medical bills, the expenses can be overwhelming. Whether it is expenses for things like surgeries, hospital visits/stays, and even prescription costs, a title loan may be able to help.
Have a costly but necessary repair on your home? A title loan may be able to help you get that repair done.
Whether it is maintenance or a large issue, funding from a car title loan can pay for repairs on a vehicle.
You can use the funds from a title loan to pay for emergency travel. And so, whether you need to fly, pay for gas, or rent a vehicle, an auto title loan can help you get to where you need.
Rent payments, utility bills, insurance bills, etc. can all be covered with the funds from an auto title loan.
Debt Consolidation / Loan Refinancing
Car title loans can be used to refinance an existing loan.
Essentials Like Groceries
Auto title loans can be used for everyday essentials— groceries, gas expenses, etc.
What Do I Need When Filing out Loan Application?
Here is what documents you need when starting the application, a pink-slip loan:
- State-Issued Photo ID (Driver’s license, passport, etc.)
- Photos of the vehicle
- Proof of residency
- 3 References
- A Vehicle Title (preferably a clear title)
- Proof of income
- Proof of insurance
Can an Auto Title Loans Pay for A Large Expense or Emergency?
One question that you may have with auto title loans, is how much you could get with the loan amount. Loan amount for a title loan will be based on the value of the car and your income. Title loan amount can range from a few hundred dollars up to a few thousand dollars.
The good news is that many lenders will offer estimates to potential borrowers, even before a full application.
Why Start with Max Cash Title Loans for a Car Title Loan?
When you are looking for a title loan during an emergency, Max Cash Title Loans is the best place start! Here are some of the advantages that come when working with us and the lenders that we work with:
- Competitive Interest Rates— the interest rates with the lenders that we work with are always highly competitive. And so, no need to worry about the cost of the loan with a large annual percentage rate (APR).4
- Pay Early without Penalties— you can pay your loan early without any penalties.3
- Apply Even with Bad Credit—even though there will be a credit check, your credit score or credit history will not impact eligibility. Since this is a secured loan, the value of your vehicle will play a larger role with the process.
- We May be Able to Help You Get a New Loan— if you are paying back an existing title loan, we may still be able to help!2 4
- Never Borrow more than You Need—even if approved for a large amount, you never need to borrow more than you need. And so, whether it is a small loan you are looking for or just a few extra cash, don’t hesitate to contact us.
- Low Monthly Payments— the monthly payments with the lenders we work with, are low from beginning to end.4
- No Hidden Fees/Additional Fees to Worry About— there are never any hidden fees when repaying your title loan.3
- Our Financial Services are Free to You— our connection process to car title lenders is completely free to you.
- Flexibility with Payment Plans—when repaying a title loan with the lenders that we work with; they can provide flexible repayment terms.4 One that suits your needs, starting at a few months, to up to a few years. And so, whether you need a short-term loan or a long-term loan, the lenders we work with may be able to accommodate.4
Get Started with an Online Title Pawn Loan Right Away!
No matter what you need emergency cash to pay for, an auto title loan may be able to help. To get started simply head to our website and apply for a car title loan or give us a call at 855-561-5626. Once approved get the funds in as little as 24 hours!1 2