Car Title Loans in Toledo, Ohio
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Auto Title Loans in Toledo, Ohio
Toledo is a beautiful place to live. Unfortunately, though, life, even in a beautiful place, can sometimes get out of control. If you are struggling with your living expenses or with buying things, just know that you’re not alone. The good news is that there’s an option out there for you if you own your own automobile. You do potentially have a simple way to get the financing you need, providing you own a car. That option is the opportunity to gain funds through applying for a title loan with LoanCenter.
A vehicle title loan allows you to get cash using your car title as collateral, and your credit score becomes a less important factor. The car title loan is determined by the value of your vehicle, how much cash you’re looking to receive, and your ability to pay off the loan.
If you’re able to meet some of these qualifications, chances are that you may be able to obtain a title loan from us and get the financing you need quickly! Furthermore, if you qualify, you’re likely to enjoy many other wonderful benefits along the way.
How to Qualify for a Car Title Loan
All too often, we hear about people selling things they possess when they get into a bad financial situation. They might sacrifice jewelry, heirlooms, or other objects that are important to them just to try and get some income when they’re in major need. This is particularly unfortunate since these individuals could have a more viable choice available to them: applying for a title loan. If you have a car and your vehicle has some value to it, it’s possible that you can qualify for a LoanCenter title loan. If you are approved, you will still be able to keep your car and drive it during the loan period. All we ask is that you make all payments in a timely fashion, as it could reflect positively on your credit score.
How Do I Get a Vehicle Title Loan?
Regretfully, a lot of people are uninformed about title loans. One of the most common myths floating around, for example, is that getting a title loan means signing ownership of your car over to the title loan lender.
Thankfully for you and for borrowers everywhere, that’s not how they work! Instead of signing over your actual car, you just use the vehicle title as collateral. Once the loan has been paid off, the car title reverts back to you. While your car is tied to the loan, you are able to keep and drive it in the loan period.
A Fast Way to Get Funds
Once you qualify for a title loan, it can be fast and easy to get your funds. We get that many of our borrowers are in a hurry, so we don’t mess around when it comes to getting you your money.
Plus, we’re proud to say that we have an efficient application process. For example, with bank lenders or other more standard lenders, you can sometimes expect a long, complex application process, followed by a long waiting period to decide if you’re qualified. If you’re not approved, then you’ve used up a lot of time for nothing in return. And, in the case that you are approved, you can expect to wait longer for your loan money to be deposited to your account and then even longer for it to clear.
Most people who are trying to borrow money don’t have that kind of time to waste. If you need financing quickly, a title loan with LoanCenter is the way to go.
One common option people turn to when they are in need of cash and don’t have high credit is a payday loan or a cash advance. This is a sort of loan where money is provided to the borrower and then repaid on their next payday, often in one lump sum and often via direct withdrawal from the person’s bank account.
But, before you turn to this method, realize that payday advances often have incredibly high interest rates. There is no real collateral involved, the way there is with a title loan, which is why you end up paying so much. Furthermore, if you don’t have a bank account, you might not qualify for a loan at all. You may also find it impossible to pay back the loan in one lump sum.
Car title loans are much better options that will typically cost you a lot less in the long run and that give you the option of making regular payments to pay off the loan. So, before you get caught up in cash advances, consider a title loan.
What can you do with the money?
While we don’t have any restrictions on how you can spend your loan money, we do ask that you use the funds for legal purposes only. To start down the path toward a brighter financial future, fill out our basic loan form online or give us a call. We’ll happily give you a pressure free, obligation free loan quote to show you what we can do for you, so get in touch. We can’t wait to assist you!