What You Probably Don't Know About Fast Auto Title Loans
Fast auto title loans provide quick funding when you need it most. They're short-term loans that use your vehicle as collateral and allow you to keep it while repaying. But you may want to learn more about fast auto title loans.
Whether you're looking for title loan FAQs or hoping to learn more about how the fast auto title loan process works, At Home Title Loans is here to help. Keep reading to discover five crucial elements of fast auto title loans.
5 Things You Might Not Know About Fast Auto Title Loans
1. You Can Keep Your Car
Despite the mired public perception, you can keep your car while you repay the auto title loan. Stick to the repayment schedule, and you'll never have to give it up.
Our lenders place a lien on your title document, allowing you to continue driving your vehicle as much or as little as you need to.
2. Fast Auto Title Loans Are For Emergencies Only
Since title loans are so easy to acquire, some people fall into the trap of using them to cover frivolous purchases like gifts, impulse buys, and vacations. But we recommend saving them for when you need them.
Consider them your last resort. If you've exhausted all other options and have run out of time to waste, title loans can help.
The most common situations that justify these loans are as follows:
- Medical bills
- Veterinary fees
- Home repairs
- Secondary vehicle repairs
- Urgent travel
3. We Accept Borrowers With Bad Credit
Unlike traditional loans, you don't need a perfect credit rating for approval. Our lenders use other factors to determine your overall financial climate. After all, they understand that past mistakes can affect credit scores and believe you shouldn't be penalized for something you can't control.
4. Your Car Determines How Much You Can Borrow
You can borrow up to $15,000 with a title loan, but the specific amount awarded depends on the value of your vehicle. Our lenders determine this by considering the following:
- Vehicle's age — The older your car, the less it's worth.
- Any modifications — Spoilers and decals might look good but can significantly decrease your car's worth.
- Vehicle's make and model — Luxury vehicles are worth more than run-of-the-mill cars.
- Vehicle's service history — A complete service history shows you've taken care of your car, increasing its value.
- Vehicle's mechanical condition — Keep up with tire rotations and oil changes to preserve its worth.
- Vehicle's cosmetic condition — Stained seats, bumps, and dents all decrease the value of your car.
5. You Can Get A Fast Auto Title Loan From Home
The final fact you may not know about fast auto title loans is that you can acquire them without ever leaving the comfort of your home. Yes, you can apply while watching TV on the couch!
Our direct lenders send their representatives to you. You provide them with your address and let them do the rest of the work.
How To Get Fast Auto Title Loans From One Of Our Direct Lenders
The process doesn't take very long (about half an hour in total). To start, complete the secure inquiry form. One of our direct and licensed lenders will receive your information and help you through the rest.
They'll phone you to discuss how much money you can qualify for and your repayment schedule. At this stage, you must decide where to meet— home, workplace, or another convenient location.
Head there at the agreed-upon time with everything you need to qualify. You will need the following:
- A type of photo ID like your driver's license or passport
- Your lien-free vehicle title
- Your vehicle
The lender you choose will send a representative to greet you, deliver the loan packet, examine your vehicle, and verify its VIN to confirm you meet the approval criteria for the amount you want.
If you're successful (the approval rate is high, so don't panic), the lender will email the loan documents. When you receive them, provide an e-signature so they can release the funds.
Your money will land in your bank account within 24 hours. Many of our trusted lenders will send the cash on the same day. However, their ability to do so depends on when you submitted your initial inquiry.
Apply For Fast Auto Title Loans From Our Direct Lenders!
Hopefully, we've explained some things you didn't know about fast auto title loans so that you can proceed with your request without ambiguity.
When you're ready to start, fill out our online form, use our handy chat feature, or call us at 1-800-514-2274 to send your inquiry and connect with a highly regarded direct loan lender.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.
