Why get a title loan? When faced with a sudden financial difficulty, such as an emergency room visit or a home repair you were not expecting, you may be feeling anxious about how you will find the money to do what needs to be done. This is especially true if you have less-than-perfect credit, you are already at or close to your limit on credit cards or don’t have access to credit cards at all. One option that may resolve your problems financially is a title loan.
A title loan is a short-term loan that allows you to borrow on the value of your vehicle. You fill out a simple application and provide the lender with your car title in order to qualify. There is no credit check and very little income verification. The lender may want to inspect your car depending on the make, model and year, but the process is relatively simple.
One of the most important benefits of a title loan is that it puts money in your hands immediately. Once the process is complete, you are given the loan proceeds, usually in as little as a half hour. A title loan is less expensive than bank overdraft fees that can occur if you overdraw a checking account attempting to pay for emergency expenses. In addition, bad checks can lead to criminal charges in some states. You can also avoid collection agencies from hospitals or doctor’s offices hounding you for payment. You may even be able to get a discount on the emergency repairs in your home by paying cash rather than attempting to finance the service.
A title loan is an excellent option if you are facing sudden expenses. Contact us today online, by phone or stop by our office to see how a title loan can help you. For those of you who may not need a loan, but would like to help others in need, take a look at the TFC Title Loans Careers page.