Money is a basic necessity to live an exciting life. Los Angeles is a city filled with excitement that is never ending. For this reason, you must be ready at all times to deal with some emergencies even when it is financially demanding. This is why you may need an emergency loan without credit checks in other to have fast access to cash, and we come in here to act in this capacity.
Emergency loan options abound out there and the search for one that is without a credit check becomes incumbent on you as you try to trash out your financial crisis. A payday loan is an emergency loan option that you may want to try.
Also, you have the option of meeting other financial institutions like banks and credit unions in other to have access to a loan. But when you look at their method of operation, it either may not suit your emergency or your financial plan.
Getting fast cash to deal with impediments could be emotionally demanding especially when we have emergencies such as unpaid tuition fees, bills, and rents with deadline breathing heavily down our necks. It becomes far much more discomforting with a relative or friend in a medical emergency where the life of this relative is involved. In situations like this, you need a nice emergency option. One nice option is getting a car title loan.
A car title loan is a short-term loan where you will have to pawn the vehicle title of your car for a dollar amount. The lender holds a temporary lien over your vehicle title, gives you the dollar amount you want and you also get to keep and use your vehicle like you always do. When you own a car or have enough equity on a vehicle, it becomes easier for us to give you access to emergency funds.
Most financial aids might come without credit checks. But it is usually not a good one for both parties (the lender and the borrower) involved considering the advantages of the credit check to both of them. It is usually enticing to get a title loan without credit checks but in the long run, you may wish you had done a credit check.
Even when some institutions will not pay attention to your credit, some others will require documents such as bank payment slips and pay stubs as a proof of a monthly income or otherwise. No one wishes to get a loan and not be able to foot it in the long runand so a good repayment plan must be put in place to take care of any eventualities that may arise after the loan has been taken.
In the title loan business, two things are important. First, the lender should be willing to give you the dollar amount. Second, you must be willing to pay the loan back on schedule. Considering these two highlights of the business, as a lender offers to render you quick cash without credit check, he must be assured that he will have his money back on the said date as agreed in the terms by the both of you.
In getting emergency loans without credit checks if you are resident in Los Angeles or LA as it is called by some persons, you need not to be bothered any further. There is better option to get a hassle free car title loan quickly. This affirmation is true with us, TFC Title Loans. Our office in LA is dedicated to ensuring that Americans are funded quickly to deal with emergencies.
With our office in LA, getting a car title loan has become easier than earlier presumed. All you need to do is indicate interest and we will ensure a quick, easy and straightforward access to fast cash.
You can fill out our online application form from the comforts of your bedroom and you will get one of our loan representatives calling you in minutes to tell you how much you qualify for. You can also apply over the phone by calling our toll free line or visit our office in LA for guidance.
We will require you to meet some stipulations. These information and documents as will be clearly pointed out by our loan representatives includes:
We immediately do a credit check with Experian using your bank payment slips or pay stubs. If you have a bad credit status, do not worry. We are not really concerned about your credit status.
We just need to be in the knowing of how you can see out the loan term. Over the years we have been working with individuals with bad credits.
The idea of a credit check is to enable us develop a repayment plan for you. This is to make sure that as you try to pay off the loan, you are not stressed out. We also want to make sure that you are able to make monthly payments and on schedule. By doing so, we help the customer to avoid default.
We also have to inspect your vehicle to know how much you qualify for. In inspecting the vehicle, our loan representative takes photograph of your vehicle. The photographs cover the four sides of the vehicle and the odometer.
If there are after sale additions in your vehicle, at this point you have to inform our representative so as it can be included in the evaluation.
The Kelley Blue Book is used in our office to determine the resale value of your car. The age, make or model of your car is not an index to having a loan with us. We will always find a befitting plan for you.
We give a percentage, -about 85% of the resale value of your car. This is one of the reasons we are top in the business –our ability to give you more money for the value of your vehicle. At TFC Title Loans, we are able to give you up to $50,000 and a minimum of $2,500
Remember, you still get to keep your vehicle and enjoy your continuous usage of it. We only become a loss payee with your insurance in case you are involved in an accident. Once you have met these requirements, we both sign the contract and you are free to leave our office fully funded. For the sake of convenience, we can also wire the dollar sum to your personal bank account.
The approval of an auto title loan is dependent on verifications, inspections and checks to know the dollar amount a customer qualifies for so as at the end you can have a hitch free repayment session. It is highly possible to have loans without credit checks but this is not good for both individuals (the lender and the borrower).
When a credit check is not done, the borrower might be excited at it once his loan is approved. In the long run, he cannot meet up with the schedule of the repayment plan as the monthly payment becomes higher than his monthly income. This might eventually lead to the customer defaulting and repossession of the vehicle by the lender.
The lender on the other hand do not wish that it comes to a repossession stage with the borrower and so hopes that the borrower gets to pay off on time. The painstaking process of repossessing a vehicle is one nightmare we try to avoid at TFC title loans.
Auto title loans usually have high interest rates as compared to other financial institutions. You only need to weigh up the options for an emergency loan. While other financial institutions such as banks and credit unions will give out loans with low interest rates, the paperwork involved in getting loans with them is highly rigorous. Their demands such as you having a portion of your money with them or having a good to perfect credit history makes them a less good option as you compare them with title loans.
It is true that interest rates vary as you move from one lender to another. But at TFC Title Loans, everything is done to protect your interests. We give out loans at relatively low interest rates as you compare us with what other title lenders bring to the table. There are zero hidden charges or fees and the best of it all is that you are free to negotiate. We eventually settle for a rate that is convenient for the both of us.
Considering your monthly income, we try to create a monthly repayment plan that is convenient for you. This plan is not enforced on you but we reason together to find a plan that is satisfactory.
A longer loan repayment plan is also offered. This is to ensure that you can pay without defaulting. There are no charges if you get to repay up the loan before the due date as agreed. You can achieve this by paying higher than the necessary amount monthly and by so doing, you save yourself the huge interest that would have accrued.
We try our best to ensure that we give you the right information so that you can conveniently see out your loan term with us.
When a customer defaults, he ends up losing his vehicle to the lender. The loss of the vehicle to the lender is referred to as repossession.
A default on a title loan is a situation where the client fails to stick to the payment plan as agreed by the borrower in the terms. It is called a default when the borrower is neither able to make monthly payments nor on schedule. Most times, it is advisable for the borrower to seek out the lender when he cannot meet upwith repayment schedules.
Terms and policies differ as you move from one lender to another. While some lenders are happy to immediately repossess vehicles of borrowers, we seek out ways to ensure that we do not get to the repossession stage with our customers. Some lenders get to the repossession stage upon first default of a customer.
Upon repossession of a vehicle, we auction and sale out the vehicle to recoup the money we gave to you. The paperwork required to see this through is intensive. It is not in our best interest that we get here with a customer. However, if a vehicle is sold at a price higher than the debt owed by a customer, the remnant is returned back to the customer. This is rarely the case as vehicles are usually auctioned for price lower than the amount owed.
We are the best in the title loan business. We pride ourselves in our long years (over 20 years) of experience as well as our professional loan representatives all over America. When you seek an emergency loan with us, you have subscribed to having a pleasurable loan experience, -one you are sure to find with no other lender.
The benefits of working with us include:
Are you an American above 18 years old? Are you non-active in the military service? Do you need quick funds to get you out of an emergency? Visit us today at our LA office or call our free-toll line and our agent will be waiting to guide you through a satisfactory loan experience.