If you live in the Glendale area and are in need of financing, then you should learn about title loans, which are accessible through LoanCenter.
In case you’re not educated on the concept, a title loan is a variety of personal loans. However, unlike other personal loans, these loans are secured by a very specific sort of collateral- your vehicle title. As a result, you will need an auto title in your name with no liens on it in order to gain approval.
If you can meet these basic requirements, then you are a great candidate for a title loan, which can provide many advantages to your life in Glendale.
How do I get a vehicle title loan? Perhaps one of the most widespread and unfortunate misconceptions about a car title loan through LoanCenter is that, when you take one out, you have to give your car up in order to get the loan. Thankfully, nothing could be further from the truth.
Here at LoanCenter, we do mandate you to use your vehicle title as loan security. After all, that’s what makes it a “title loan.” What you might not realize, however, is that offering us your vehicle title is not the same as giving us your vehicle for good.
When you choose to take out a title loan, you are still allowed to drive and use your car as you would like. It never leaves your possession. And, while we do take out a lien on it, you’d never know it. You can just continue driving and using it like you did before you got the title loan. Best of all, once you have completed the loan, you receive your title back, just like it never existed!
In actuality, once you have fulfilled the loan completely, the title and the vehicle go back to being fully yours, so much so that, if you preferred or needed, you could even use the car as collateral on a future title loan with us. We know that, once you experience our great brand of customer service, you’ll never want to go elsewhere.
Easy Qualification Process
With title loans from LoanCenter being such a great investment, you might think that they would be very hard to receive or to qualify for. Luckily, this is not the case at all. Typically, if you fully possess your car, have the documentation to verify it, and if there is still equity in your vehicle, you can get your funds.
What’s more is that you can often borrow as much as you require, providing the total that you want to borrow is less than the value stored in your car. There are no tricky eligibility requirements or long, in-depth application processes. Just meet some basic criteria, and the loan is yours- just like that.
Quick and Easy Financing
If you’re like many title loan borrowers, then you need to have your money as quickly as possible. Don’t worry. We definitely understand that, which is why we process loan applications super quickly. You can get approval from us in just a few minutes of your time. And, even better yet, we’ll get you your money quickly too. Many borrowers are even able to get their funds on the very same day they get approved for them.
This is definitely not the case with more common lending options. With those options, the application process is very long and involved. It can take you a while just to gather all the required documentation and fill out the application. Then, you can expect to wait several days or even more, especially during peak times, for your loan application to be processed. Since approval rates are low, you could wait all that time just to find out you’re not getting the loan. And, even if you do get approved, you can expect to wait longer for your funds to come through and then even more time for them to clear and be available for use.
As you can tell, other types of loans really aren’t a good fit for the borrower in a rush. So, even if you can qualify for other borrowing options, title loans are the smartest option if you need to get your money as soon as possible.
Does Your Credit Affect Your Loan Eligibility?
Your credit is not a very important factor in determining whether or not you can borrow with us. Instead, we focus mainly on the fact that you have a reliable, regular source of pay that will enable you to pay back the loan, and on the worth in your automobile. Typically, the more your car is worth, the more you can borrow.
If you own a newer car, this works out perfectly for you since you’ll be able to borrow a large amount in most cases. In fact, as long as what you’re borrowing is less than the value of the car, you should be fine.
Of course, it’s not just pristine cars that are eligible for a title loan. Even older vehicles still have worth in them, so you can still get a loan of some amount with an older car. Furthermore, it’s often better to borrow less to keep your interest reasonable and to make your loan easier to pay off.
Remember as well that, no matter how much loan money you are offered, you can decide how much you borrow. You’re never talked into taking the full loan amount offered to you, which makes it easier to get what you need but also to borrow responsibly.