Why Someone Who Needs Cash Can Benefit From a Car Title Loan
Getting cash as soon as possible is sometimes the only solution to a problem. In some situations, a bank loan or other strategy simply isn’t going to work. Car title loans can offer a flexible solution if you’re in such a pinch. Read on to learn how you might be able to benefit from a car title loan.
Quick, Easy Cash
Typically a car title loan is easy to apply for and easy to get approved for. If you need cash quickly, this is a great solution. Traditional loans offered by banks and credit cards have a longer approval process, and it can take several days for the funds to reach you once you’re approved. However, you can receive funds from a car title loan in as little as a day. With some lenders, you can even make the process faster by starting your application online. This can make all the difference if you’re in a hurry to get cash for your situation.
When taking out a loan, it’s important to think about how you are going to pay it back. Luckily, many car title loan distributors offer flexible payment plans from month to month to fit all ranges of budgets. In addition, while some lenders may charge compound interest, others charge simple interest, meaning you only pay interest on the principal balance, not on any unpaid interest.
No Extra Collateral
Car title loans are based on the value of your vehicle. This means you don’t have to offer any other collateral for the loan such as real estate. In addition, you are able to continue using and driving your car even after taking out a car title loan. The lender is simply added as a lienholder to your title.
Personalized Attention and Customer Service
When applying for a car title loan, you receive the personal attention of a lending agent to help you apply for, and understand your car title loan. Having financial advice and assistance can be paramount when deciding to apply for a loan. A good lender will also work with you to find solutions to any issues that arise during the repayment period.
Getting a car title loan can be a quick and easy solution when you are in need of cash. At SBR Title Loans, you’ll find affordable options for car title loans that give up to 44 months for repayment. We don’t base our loans off of your credit score, and we are ready to help you throughout the loan cycle. If you are interested in a car title loan, contact us today.