What You Absolutely Must Remember About Title Loans

Online title loans are a popular resource to cover unplanned expenses, but many people don’t use them wisely or take advantage of them when it’s pertinent to do so. Here’s a quick overview of when to use At Home Title Loans to secure your short-term financial future.

You can use online title loans when you are facing expensive medical bills, home repairs, or other bills that may become toxic down the line. However, loans are a short-term resource that should be considered carefully alongside all financial options.

Now that you understand the basics, let’s take a closer look at the most important things you should know about title loans.

How Do Title Loans Work?

Of course, in order to understand how our vendors’ loan options work, it’s important to understand the basics. Title loans use your vehicle as collateral, providing you with a lump sum of borrowed money that you repay in increments. A lien is placed against your vehicle to secure it as collateral, and it will be removed once the loan is fully repaid. Since your vehicle title is used to secure the loan, you can keep and continue to drive your vehicle as usual.

When Are Title Loans Useful?

One of the most commonly misunderstood aspects of title loans is how they are intended to be used. Many dismiss title loans and view them as toxic, unhelpful debt that only leads to the detriment, and if you use it for frivolous purposes, that’s not entirely untrue.

Title loans will not benefit you financially unless you use them for emergencies. After all, lenders must recoup their investment, plus interest to make a profit on the service they offer.

Rather than using loans to fund big purchases, maintain a lifestyle, or pay for nonessential travel, you should use it when you are out of all other financial options—or in situations where your credit isn’t substantial enough to get a loan on your signature alone. Our vendors offer online title loans of up to $15,000 for your urgent needs, a great way to secure your short-term expenses. Here’s a quick list of when you might want to consider our vendors’ loan options:

• You have costly medical bills – Insurance can sometimes let you down with certain treatments or medications, and you could end up paying for it yourself. If so, you’ll want to consider title loans alongside other financial options to get the treatment you or a loved one needs.
• Home or auto repair – Your physical assets are worth protecting, even if it means an immediate financial loss. A damaged transmission, for example, is well worth repairing sooner rather than later, lest you need to replace it entirely and risk a much higher fee. The same is true of structural damage to your home or pest troubles that threaten your safety or way of life.
• Other toxic bills – ‘Toxic’ in this case refers to debt that compounds, costing you more the longer you leave the bill unpaid. The expenses associated with a title loan are usually preferable to the sting in your wallet and on your credit, that results from nonpayment.

How We Can Help

At Home Title Loans works with a network of licensed vendors that provide online title loans for your convenience. The best part is that we do the hard work of connecting you with the right vendor for your emergency needs. To get started, fill out our quick request form online, and we’ll put you in touch with a vendor who can work out the details with you. We request the following items if you’re interested in online title loans:

• Your driver’s license or state-issued ID
• Your lien-free title
• Your car itself for inspection

The Quick Process

After you’ve filled out our form, the vendor that best fits your needs will contact you at some point to review the loan process. If you’re ready to move forward, schedule a meeting at a location you choose for the in-person portion. Bring the listed items above to the meeting, and a representative will verify your documents and perform a quick inspection on your vehicle (about 5 minutes). Once done, if everything checks out, you’ll be approved for the loan and sign some paperwork.

You can expect to receive your money the same day or the following business day.

Get Your Loan Today!

At Home Title Loans works with vendors who offer online title loans in emergency situations. Now that you’ve read this article, you know how title loans work and how you can use them to your benefit in tough financial situations.

When an emergency hits, be sure to consider all of your financial options and feel free to complete the online title loan request form to consult with a lender. If you have any questions at that time, a loan representative will be happy to explain your loan options. If you’re ready to get started now, fill out the form to get connected today!

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.