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22 Feb 2017   /   0 comments

Can I Use My Car to Get a Loan?

Paul

Benefits of Car Title Loans

All around the world, it’s obvious that people invest more time working, the majority of people pay more attention to their job than anything else forgetting that while the body grows old, the job still remains. Many attached this pedantic working attitude to the fact that the recession has affected a huge part of the economy forgetting that there is time for everything. When you loaded yourself with multiple tasks and work pressure, it changes your entire body system and a reaction in the body system will definitely occur. Survivability fights then follow. Constant pressure on the brain will lead to stress, which can linger long in the body system even while you are off work. Stress can result into a blurry thinking and completely prevent you from thinking straight which will drastically affect your efficiency and concentration at work. Vacation is the only way to reduce this mental stress and to also refresh the mind for total concentration.

Big thanks to different writers and medical practitioners around the world that advocated for the need for vacation and rest. Majority of them clearly points out the importance such that it is visible to the blind and audible to the deaf.

Can I Use My Car to Get a Loan?

Also, I noticed many young people don’t really have the chance to achieve their dreamt wedding; the majority of these victims has been discouraged by friends or family who has one way or the other failed to contribute their quota financially. Sometimes, the flop might be from the DJ, decoration, foods, and drinks, cake, in short, the flops always are from a financial angle.

Recently, there has been a drastic change in people perspective towards vacation as many now see it as an avenue to reduce the stress, refresh the brain and as well spend quality time with family. This change does not exclude the wedding as well, many people tend to marry late to achieve their dreamt elaborate wedding.

But, then, is it all the people that realize the importance of vacation as well as memorable wedding truly achieve the type they want? Obviously, if you ask me, I will tell you no because, the expense of doing so to the fullest has deprived many people of achieving their true dream, here and there, many seek for the best alternative rather than enjoying the best.

 

Should this be so? No, it shouldn’t, many people who are not financial buoyant like you do still enjoy what you fail to enjoy, they still visit their dreamt location during their vacation. Many people who earn have of your earning still have a fantastic wedding; there is no any other reason for that than the fact that they seek for help at the right place. We’ll help you fulfill your dream during your next vacation; we will borrow the money you need to make your wedding a memorable one through our pink slip loan.

While many consider wedding not enough reason to put your car as collateral not to talk of traveling for vacation, I believe the risk is worth taking. Experiencing that magical wedding day, or going to a brand new place when you have the opportunity, are both important life milestones that shouldn’t be stressful due to a shortage of quick cash.

 

WHAT IS PINK SLIP LOAN?

Pink slip loan is a loan type that has no hassle, required fewer documents and offer money faster than any other loan. You get money against the title of your car rather than running around to sign papers.

 

WHAT DO YOU GAIN CHOSEN PINK SLIP LOAN WHEN YOU NEED MONEY FOR YOUR VACATION OR WEDDING?

Numerous are the reasons to consider pink slip loans when there is a need to consider a loan for your vacation or wedding. Below are few of the numerous reasons:

 

Easy to Get Approved

Once you are the owner of your vehicle and it has a clear pink slip, little is require to get approved for a pink slip loan.

 

Timely Funding

The entire processing is simple and fast; you can get the money you needed within a few hours of your application. This is completely opposite of banks and traditional loans that require a long process that may take days.

 

You Keep Driving Your Car

Pink slip loan is a secured, but it doesn’t require that you hand over your car to the lender while using it as collateral. You continue driving your car for your daily routine while you pay off the loan. All that the lender need as a security to the loan is your car pink slip and it will be returned to you as soon as you complete the repayment of the loan.

 

Flexible Repayment Options

Unlike bank loans where the bank determines the repayment terms with you having no say on it, your repayment plan will be based on a conceptual agreement between you and your lender putting into consideration your source of income. If needed, the loan repayment can be elongated through a process called rolled over. It gives you a long time to pay off your balance or you can pay it off early without prepayment penalties.

 

Credit Scores Not a Problem

To access loan in the bank, you need a good credit score but this is not a necessity for an auto title loan, even if we checked your credit scores, it does not affect your chance of obtaining a loan. All the major documents needed are aforementioned

 

WHO WE ARE

We are your number one-stop loans source; we are close to you as our offices are located in almost every corner of the United State. We offer the best loan that fits your financial situation; we put into consideration your source of income before we make any loan recommendation so that we don’t end up putting you in a situation where you lose your collateral. We offer sufficient cash through our pink slip loan to meet all kinds of need; our customers do not struggle to repay their loan as our repayment term is flexible and there are no hidden fees. Majority of our customers repay their loan in their next payday with low interest since they know how much they need to repay and when it needs to be paid. We have been in existence since 1994 and thousands of people have been saved through our loan program.

HOW DOES PINK SLIP LOAN WORK WITH US?

The working principle of pink slip loans is simple; it requires that you borrow money against the resale value of your car. The title of your car will stand as the collateral security for the loan. A lien will be placed on the title of your car during the loan period but will be removed and returned to you immediately after the completion of the repayment. The entire process is easy with the Auto Money 4-step process!

 

Apply Our App

This is the initial stage of the process, it requires that you fill and submit a simple online application which entails your basic contact information and the car details such as manufacturing year, model, manufacturer, and mileage. This detail will give an insight into how much you can get with your car.

 

Get Approved

At TFC Title Loans, immediately you submit an online application, a loan agent will be dedicated to you to determine how much you qualify for; taking into consideration the resale value of your car, and your source of income to ensure you will be able to afford your loan payments. This is done within couples on minutes usually 15 min or less.

 

Provide Documents

Bring all necessary documents along with your vehicle to any of our offices close to you for assessment.

 

Get Paid

Your check will be available the same day without any delay.

 

WHY SHOULD YOU CHOOSE US?

Easy Application

Few steps and you already have the cash in your hand! Our application is easy; you can apply online or walk into any of our offices near you. You can always contact us on phone for any help regarding your application.

 

Fast Money

We know you need fast cash to aid your planning and that’s what we do when you choose us as your loan lender. We offer you fast money as long as you meet our requirements. You can get the money you need without any hassle the same day you applied for the loan.

 

Great Customer Service

Even while we are offering you helping hands, we still do it with courtesy. Our staffs are well trained to attend to your need without keeping you waiting, once you have all the required documents which are majorly your clear car pink slip, proof of residence, proof of income, proof of insurance; you can access our pink slip loan without any stress. We are always discreet about any information you submit to us and we treat them as confidential as we can. We will tell you all you need to know about the loan and ensure that you understand all prior to the signing of the loan contract. We are always available on phone1-844-242-3543 should you need any help.

 

High Amounts

Most of our competitors try as much as possible to be on a safer side so they will offer you 30 to 50% of your car resale value but, we are distinct, we take a high financial risk to satisfy our customers. We will offer you up to 85% of your car value and you can get up to $50,000 depending on the value of your car. This is rare to come across not just in Carolina, Arizona, Florida and even in any state of the U.S.

 

Keep and Drive Your Vehicle

You need your vehicle for your comfort on a daily basis. So, when you get a pink slip loan from us, you keep your car while you owe the loan to us. We put you first and that is why we designed our title loan to offer you money without causing any havoc to your lifestyle.

 

Low-Interest Rate

Our title loan is cheaper when compared to other types of loan especially loans from payday, banks, and cash advances. This can be attributed to our low interest rates. We offer you low interest because it’s a secured loan as your vehicle serves as the security for the loan.

No Hidden Fees, No Prepayment Penalties

We ensure that you understand all the details in our drafted loan deal including the amount payable, capital, interest, and repayment break down before you sign the loan deal, there are no hidden fees apart from the one you sign in the loan deal.

 

Use Different Cars to Access pink slip Loan

When you need huge urgent cash that a car resale value cannot be enough to get you, you can use different cars to serve as the collateral. However, it is important for you to be sure that you will be able to repay the loan as default may result in losing your cars.

 

No Credit Checks

Unlike banks and other conventional loans that regarded credit check as a top priority, TFC Title Loans do not need your credit reports, we may check but it doesn’t disqualify you for a loan. Pink slip loans are obtained using your vehicle title as collateral, so without your credit scores, we still feel relax and have full confidence in you that you will make your payment on time.

 

Pay On Time, Pay Less

We do all we can to ensure our customers’ satisfaction, we offer a long period as long as 24 to 48 months for repayment and also schedule a repayment plan in accordance with our customer source of income. But vast majorities of our customer repay their loan on time and pay less interest. We told them the amount to pay and when to pay. We offer loan renewal for our clients who are unable to pay at the right time. This permits them to pay only the interest and renew the capital into a fresh loan.

Are you in need of money right away and wondering “ can I use my car to get a loan? ” There is good news for you. Yes, you can. Car title loans can be the ideal solution for all those people who need to obtain funding immediately, but for some reason or another cannot get a traditional loan from a bank.

Traditional banking or financial institutions can refuse to lend to individuals for a wide array of reasons. Some of the most common reasons include:

  • They cannot demonstrate a sufficient ability to repay the loan. This is usually the case for individuals who work and have a regularly scheduled paycheck, but receive a salary that the bank considers low enough that they predict that the client will be unable to pay the amount required of the monthly payments.
  • They have not had credit for long enough or have no history with the bank in question. When assessing risks, the bank analyzes the history of its clients over the past twenty-four months. When the client is more recent, the bank will usually deny the loan application until a certain amount of time has passed with the individual remaining a client at the bank.
  • They are self-employed and therefore aren’t on an official payroll. Refusal of a loan application is incredibly common among self-employed individuals who do not make a fixed paycheck every month, but have a varying income from month to month. This can be seen in seasonal self-employed persons or specialists who work during harder at particular times during the year.
  • They are unemployed. If an individual in unemployed, it is nearly impossible for the bank to consider them viable to approve for a loan. According to banks, unemployment benefits do not provide enough to cover a monthly loan payment.

However, lenders that process loans using a vehicle as collateral, whether a car or a motorcycle, often approve clients of a much wider range of individuals including those that banks themselves reject. Obviously, there are still requirements but they are far less strict than those of banks. These types of loans allow people in need of a loan cope with unexpected expenses.

Understanding how these car title loans work is vital to getting the maximum amount and benefits from your loan. If you own several cars, the lender that processes your loan may offer you a higher amount than if you have only one. Other determining factors include the age of your car, the condition of your car, the mileage on it, and its current market value. All those things determine how much you can borrow in a car title loan. Ensure that your car is in good condition and has all the necessary documentation.

When you get a car title loan, you don’t lose the ownership of your vehicle. As long as you continue to pay the monthly fees established by your contract, you can continue driving your car as usual. This is a great advantage because you are getting the money you would get as if you were selling your car but you get to keep it!

To get a higher valuation of your vehicle, you must pretend you are trying to sell it. If you were selling your car, you would try to make it look as brand new as possible, wouldn’t you? Here are some useful tricks you can use:

  • Make sure that your car has been recently washed, both the exterior and the interior.
  • Remove all the items inside the car. Check the ashtrays, the glove box, the inside pockets. Ensure that the inside of the car is clean and empty.
  • Gather your invoices for check-ups and repairs. Find your maintenance book for your car and give it to the expert who evaluates it.
  • Compile important documentation like your registration, title, insurance, bill of sale, etc.

 

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