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6 Facts To Know Before Getting Car Title Loans

Does the burden of unexpected expenses bother you? There are times when it can be difficult to get rid of unexpected expenses. here are the facts to know about before getting car title loans.

Also, there aren’t many options left when it comes to solving the issue of money shortage. In such cases, borrowing money or getting title loans is the last resort. If you don’t see any way out then this is the best option to go for. 

You can use your pink slip as Collateral when applying for car title loans. This can get you an immediate or same-day loan with minimal involvement of documents and credit history. However, if you are someone who is fully new to title loans then there are some things that you need to know before getting car title loans. 

Facts to know before getting car title loans
Facts to know about getting car title loans

Here are the six facts about title loans mentioned below:

  • You should own the car – If you are the owner of your car then you have great chances of getting title loans. While you are applying for your title loan online, you need to send the pictures of your car along so that the lender can know the condition of your car and other detail about it. 
  • A vehicle should have equity – There should be no liens or any big debt on your car. You need to pay it off or close to paid off, for the lender to start with the process of a title loan. The loan amount depends on the value of your which means you need to have a vehicle that has value currently. 
  • No good credit required – If you have a low credit score then it isn’t an issue when it comes to getting title loans. It is completely based on your asset which is your car. Thus, you don’t have to fret about having a great credit history or score. 
  • You can get an impressive amount – If you are looking for title loans that depend on your Pink Slip Car then you can get an impressive money amount. It is better than payday or any other loan type. However, the lender will check your car and will offer a loan based on your car’s value. 
  • It is not just cars – You cannot only get title loans on your car but on other vehicles as well. If you have a vehicle like RVs, campers, motorbikes, trucks, etc. in your name then they are your valued assets. But if they don’t have some value in them then they cannot be used as collateral. So, ensure that they have value.
  • You can keep using your vehicle – Even after getting a car title loan, you can keep using your car. Lenders don’t keep your car but you need to keep making payments to avoid the risk of losing your vehicle. 

Conclusion 

Car title loans are the best way to get a big loan when in dire need. The above-mentioned facts from TFC Title Loans will help you know about them in a better way and you can be safe from unwanted financial problems.

Disclosures

DISCLAIMER: As our policy to make sure you know what we do and what are our limitations, we offer you these disclaimers. We are NOT A LENDER and we do not make short term cash loans or credit decisions. We are a referral service and work only with licensed lenders/brokers.

We may act as the broker for the loan and may not be the direct lender. Loan proceeds are intended primarily for personal, family and household purposes. We do not offer or service student loans.

*Loan amounts by the lenders vary based on your vehicle and your ability to repay the loan.

*Since we do not lend money directly we cannot offer you a solicitation for a loan, except in the state of California. In all other serviced states we WILL match you with a lender based on the information you provide on this website. We will not charge you for this service and our service is not available in all states. States that are serviced by this Web Site may change from time to time and without notice. Personal Unsecured Loans and Auto Title Loans are not available in all states and all areas.

*Auto Title Loan companies typically do not have pre-payment penalties, but we cannot guarantee that every lender meets this standard. Small Business Loans typically do have pre-payment penalties and occasionally will use your car as collateral to secure the loan.

*All lenders are responsible for their own interest rates and payment terms. TFC Title Loans has no control over these rates or payments. Use of the work competitive or reasonable does not mean affordable and borrowers should use their own discretion when working directly with the lender.

*The amount of people who applied for a loan and we helped and those who received a loan is not the same. We cannot guarantee we will find a lender who will fund you.Just because you give us information on this web site, in no way do we guarantee you will be approved for a car title loan or any other type of loan. Not all lenders can provide loan amounts you may see on this web site because loan amounts are limited by state law and/or the lender. Some lenders may require you to use a GPS locator device on your car, active all the time. They may or may not pay for this or charge you for this. This is up to the lender and we have no control over this policy of the lender. Typically larger loans or higher risk loans use a GPS.

*In some circumstances faxing may be required. Use of your cell phone to receive updates is optional.

*Car Title Loans are expensive and you may have other ways to get funding that is less expensive. These types of loans are meant to provide you with short term financing to solve immediate cash needs and should not be considered a long term solution. Residents of some states may not be eligible for a loan. Rejections for loans are not disclosed to our firm and you may want to contact the lender directly.

*Car Title Loan lenders are usually licensed by the State in which you reside. You should consult directly with these regulatory agencies to make sure your lender is licensed and in compliance. These agencies are there to protect you and we advise making sure any lender you receive money from is fully licensed.

*Trading Financial Credit, LLC dba TFC Title Loans, Car Title Loans California, Dineromax. If you are using a screen reader and are having problems using this website, please give us a call at 1-844-242-3543 for immediate assistance.

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