How An Instant Cash Loan Works Using Your Vehicle Title
Understanding your borrowing options before you dive right into getting an instant cash loan is sensible. That way, you can make an informed decision. Here’s a quick overview of vehicle title loans available at Utah Title Loans, Inc.
We offer title loans up to $15,000 that you can get as soon as the same day you apply for an instant cash loan. Simply complete the request form on our website to get started.
If you need help during an emergency and are looking for loans online, rest assured that quick cash is just around the corner with your title loan near me. Here, we’ll review the entirety of the loan process, what makes it work, and how you can get started right from this webpage!
How Title Loans Work: A Step-by-Step Guide
Title loans are a type of secured loan that uses the title of your vehicle as collateral. The lender places a lien against your vehicle, a judgment against its value, to mitigate the risk of lending money and incentivize you to repay the loan. During this time, the lender is, in fact, the owner of the vehicle until your debt has been fully satisfied.
Of course, you reclaim ownership once everything is paid off, and you can continue using your vehicle even while paying the fast cash loan. There are a few key details to consider here.
How to Get an Instant Cash Loan with Your Vehicle Title:
- Own a vehicle with a lien-free title.
- Apply online using the request form.
- Schedule an inspection to determine the loan amount.
- Receive cash on the same day if approved.
What Do I Need To Qualify For Fast Cash Loans?
First, you'll need ownership of your vehicle. The title needs to be listed in your name and not have any liens against it. If you do, you have neither the legal right to use your title as collateral nor an incentive to pay it off.
As such, it’s important that you check your title to make sure there is no lienholder listed and that the title was properly transferred to you; otherwise, your personal loan application will almost certainly be denied.
How Much Cash Can You Get? Loan Amounts Explained
Generally, the more valuable your vehicle, the more you can expect to be able to borrow on your same-day title loan. After all, you’d be more inclined to recover an expensive luxury car than one that’s falling apart.
You can use a vehicle in any condition as collateral, but the loan amount will depend on its value.
Because your car’s title is acting as the security, you generally don’t need to have great credit for taking out an instant cash loan. While we can’t promise you a no credit check title loan with guaranteed approval, you can rest assured that approval is not based solely on credit. We welcome all credit types to apply. But remember, financial responsibility is important, and you should always keep to the repayment schedule outlined in your agreement.
Our Loan Approval Process
Now that you understand how title loans work, let’s review how you can apply today.
- First, you’ll want to use the quick request form on this webpage to give us some basic information about yourself. This information allows us to start building a relationship and helps clarify what you may qualify for on your loan. Again, more valuable cars will get you more money--up to $15,000.
- Once you’ve filled out the inquiry form, wait for one of our expert representatives to give you a call about our services. On the phone, they’ll discuss the loan process in depth. If you have any questions at this point, feel free to ask.
- Next, you’ll schedule a meeting place, either at the store or another location you choose, for the inspection. We need to meet in person to complete the instant cash loan process to verify your car’s condition, VIN, and title.
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Attend the meeting with your required items, namely your state-issued ID, lien-free title, and your car itself. The representative will conduct a quick, 5-minute inspection process to determine the precise amount you qualify for. The quality of your car is important in this evaluation, and good maintenance will likely be rewarded with a higher evaluation, translating to more cash in hand on your vehicle title loan.
- If everything checks out and you agree to the terms and APR on your loan, the representative will approve you for the loan, and you’ll wrap up by e-signing the loan packet. You may then be able to arrange to receive your money and leave with your car that same day, although depending on when you arrive, we may deposit the money directly into your account the following business day.
Need Urgent Cash? Apply For An Instant Title Loan Today!
Utah Title Loans, Inc. is on standby to help you with your instant loan if you need urgent cash to tackle a sudden emergency. Whether it’s costly medical bills, expensive repairs, or important business travel, finances aren’t always cut and dry. If you don’t have alternative resources but own your car outright, a fast cash loan might be a viable option for you.
We can offer you a vehicle title loan near me of up to $15,000 that you can use to tackle emergencies, and, best of all, the loan process may take as little as 30 minutes. If you’re ready to see what you qualify for on one of our same-day cash loans, then scroll to the top of the webpage and start the quick request form today!
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.