Making any important financial decision without taking a moment to examine all the pros and cons can lead to completely avoidable and costly mistakes. Here are some simple strategies for making a sound decision when choosing a title loan provider in the state of Utah.
Rule one is to never rush into anything. Take time to examine all qualities of a potential loan provider. That goes for any company you do business with, but you’re your finances are involved, it’s twice as vital. Some questions you might want to ask yourself are:
At first, it might make sense to get as big a loan as possible, but this is not necessarily true. You need to examine your personal finances to make sure that whatever loan amount you take on, you can pay back in a timely manner.
For example, there are reputable licensed providers in Utah offering title loans up to $15,000, regardless of the individual’s credit score. But $15K is a lot of money to borrow and probably well beyond the needs of the average borrower. You will need to compare your needs with your budget and the amount you could qualify for to determine how much you could borrow safely.
Once you've found the right provider and completed the approval process, it is important that you proceed with caution. Do not get caught up in the excitement of having a large sum of cash in your hands. You should always have a plan in place ahead of time and every dollar should be earmarked with a purpose.
A Utah title loan is a short-term loan that is meant to help individuals who need emergency cash. They are secured by using your vehicle’s lien-free title as collateral. The lender will hold the title during the repayment period and return it to the owner once the loan has been repaid. In many cases, the borrow continues to drive their vehicle while making the payments on their title loan.
In order to qualify, the automobile being used to secure the loan must be fully paid off with a lien-free title. That means no other individual or institution has any claim to it. You will also need to provide a legal photo ID and bring your vehicle to a store location for an inspection. The process is usually fairly simple, and in some cases, it is possible to complete the paperwork and get cash in as little as 30 minutes.
If you're in a stressful situation that requires emergency cash today, take a moment to fill out the easy online request form on the Utah Title Loans, Inc. website. In a matter of minutes, a store representative from your closest location will call you back with the details. Cash amounts are available up to $15,000, so get started now.