Understanding How Vehicle Title Loans Can Help With An Urgent Expense

Many people face situations they aren't sure how to deal with, but understanding how vehicle title loans can help may make the difference. This article will explore this alternative financing option so you can determine if it’s a good option for you. 

Vehicle title loans can help pay for urgent expenses with fast money and no hassles. They could be one of the few options available to working people who don't have stellar credit. Keep reading to learn how title loans can help with your emergency expenses.

How Vehicle Title Loans Help With Emergencies

An emergency comes without warning and does not wait until you have money in savings to pay for it. It could come in the form of a phone call that a family member has taken ill or even a storm that has caused damage to your home. A water pipe can bust or your refrigerator can go down.

All of these come without warning. Those who need money typically have three options: a bank loan, credit cards, or alternative lending. To understand how vehicle title loans compare, you’ll have to look at all three options. 

Bank Loans

Personal bank loans are harder to get today. It's best if you are a long-standing customer of the bank and have taken out loans before and repaid them. Most banks require a credit score of 630 or above to approve a personal loan. There are also several pieces of paperwork to fill out and they will run a credit report. 

Those who haven't held their current job for a long time will find getting approval challenging. It could take a week or more to get approved and that may not work in paying for your emergency. 

Credit Cards

Credit Cards can be handy for emergencies as long as you have enough space on them to handle the situation. The problem is most people today are already using their credit cards for things like food and gas. Higher inflation is cutting into paychecks and forcing people into more credit card debt. 

Vehicle Title Loans

Vehicle title loans use the value of your vehicle to fund your emergency. You can keep your car and drive it while you repay the loan. The loan is secured by your vehicle title, which you will get back when the loan is paid in full. 

The application doesn't require a credit check, so those with bad credit can still apply. It can be done quickly with you receiving money either the same day or the next business day. 

Find A Lender Near You

Vehicle title loans are issued by private lenders all over the country. At Home Title Loans has a network of vendors and can match you with a private lender in your area that has the best title loan for your needs. 

Lenders on the At Home Title Loans site offer up to $15,000 in vehicle title loans. To qualify, you will need a photo ID like a driver's license or state-issued ID, a clear title to the vehicle, and the vehicle available for a quick inspection. 

How To Apply

To get started, you can use the online form located on the At Home Title Loans website to complete your request. You can also call 1-800-514-2274 or use the chat to find out about private lenders near you. You will be directed to a licensed vendor who can tell you more about their title loans. 

Those who submit the form will get a call from a title loan specialist. They will ask if you have the required items and will set up an appointment for you to meet with a loan agent at a location of your choosing. That can be either at the nearest store or somewhere else. 

Once you meet with the loan agent, they will validate your items, verify the VIN, and inspect your car to see how much you can borrow. If you are approved, they will then provide you with a loan packet and later loan documents that will be emailed to you for an e-signature. 

Once you sign the papers, the money will be deposited into your banking account. That can be the same day or the following business day. The in-person process can happen quickly with everything being completed in as little as a half hour. 

Submit The Form Today!

The easiest way to find out if getting vehicle title loans is right for your situation is to fill out the form and talk to a loan representative. The flexibility of how you use the money for short-term financing may be helpful. 

Those who have trouble getting money elsewhere find that this alternative financing is a solution that pays for a necessary but unexpected expense. The best part is you get the money you need super-fast so you can stop worrying. Fill out the form and see how lenders listed with At Home Title Loans can help you 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.