When people need quick money they can use their car as collateral. A low credit score can keep people away from traditional loans and credit cards. Car title loans are a quick way to get money without a lot of income verification or credit checks. People do not have to fill out a lot of paperwork or explain what they need the money for. Consumers between jobs or dealing with a serious emergency like the quick money that consumer car title loans provide.
Lenders appraise vehicles before offering car title loans in Arizona and many other states. They look at the price of the vehicle based on the wholesale values. The company then holds on to the car title until the money is repair. Short-term and unsecured loans like this come with high interest rates to protect the lender. After all, they are not verifying that the consumer has an income or a high credit score.
Only people who own their cars can take out these type of consumer car title loans. Anyone who is still paying a car loan does not completely own their vehicle because the title is in the bank’s hands. Lenders will want a photo ID and proof of residence too. Some companies will also want proof of income, though they may not care if the income is low. The amount of interest depends upon the loan amount, repayment agreement, and the worth of the collateral (i.e. the car’s worth).
Most lenders give people 30 days to repay the car title loan. If they cannot repay the amount, then the lender could end up taking the vehicle. It’s important for consumers to make sure the agreed upon repayment plan works for them. Most car title loan groups will want the money back in one lump sum, though it’s possible to work out a different arrangement.
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.
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.
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.
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.
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.
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
TFC Title Loans is your number one-stop loans source.; Our offices are located in almost every corner of the United States. We offer the best loan that fits your financial situation. TFC Title Loans will put into consideration your source of income before we make any loan recommendation. Why? So 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.
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!
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.
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.
Bring all necessary documents along with your vehicle to any of our offices close to you for assessment.
Your check will be available the same day without any delay.
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.
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.
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. Our staff will tell you all you need to know about the loan and ensure that you understand all prior to the signing of the consumer car title loans contract. We are always available on phone 1-844-242-3543 should you need any help.
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.
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.
Our title loan is cheaper when compared to other types of title loans 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.
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.
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.
We do all we can to ensure our customers’ satisfaction! TFC Title Loans offers a long period as long as 24 to 48 months for repayment. And we 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.
Title loans are great for making money in a hurry because you get money quickly and keep your car. No company can match TFC Title Loans when it comes to low interest rate fast cash for any situation.
Yes, both title loans are given based on the value of the owned property.
Absolutely. The key is using the first car's title to put a down payment on your next vehicle. You can build a car collection quickly using this strategy. If you have any questions about which new or classic cars to buy, ask TFC Car Title Loans.