5 Wrong Assumptions I Made About Title Loan Places Near Me
September 22, 2021 | June Mckaig
The title loan places near me are surprisingly legit, and I didn't even know it. In fact, I thought they were all the same. And I figured the deals were too good to be true. I never thought I would be eligible for such a tremendous financial opportunity.
As it turns out, there was a lot I didn't know. The title loan places near me were designed to serve people who are in dire emergencies. Here's what else I found out.
What The Title Loan Places Near Me Really Do
I discovered that title loan places near me welcome a wide variety of people to help them make ends meet. Their requirements for borrowing money are simple, and customer service is superior to a traditional bank. On top of that, you might receive a payout within 24 hours of your request.
5 Assumptions About the Title Loan Places Near Me That Are Wrong
I've learned many life lessons, and many of them have been about money. The title loan places near me have been helpful when I face an emergency. However, I previously made the following wrong assumptions:
1. Perfect Credit Is A Must For ANY Loan
Most people in the United States have a credit score that's lower than 750. Some people have scores a lot lower than that. But those people's lives matter just as much, and it turns out that the title loan places near me seem to realize that. Their non-intimidating approach to borrowing money is commendable.
While traditional banks require perfect credit scores, places such as Utah Title Loans, Inc. welcome good and bad scores alike.
2. You Must Give Away Your Car
Did you know that you don't need any physical collateral to get approved for a fast title loan? You can actually keep your car as long as the title loan remains in good standing. It’s the title that stays with the lender, not the car itself.
3. You Have To Wait For Weeks To Get A Loan
Traditional banks usually take days or weeks to approve a loan application. Plus, you have to gather and submit a wide variety of items to get considered.
However, with title loans, you only need a few pieces of information to proceed. And if you qualify, you could get your money by the end of the day or the following business day.
4. Loans Always Harm Your Credit
You don't have to fear the credit consequences when you use the title of your car to get a title loan. The loan doesn't go on your credit report. So, it neither hinders nor helps your overall rating. Talk to your representative for more detailed information.
5. Getting A Loan Means Waiting In Long Lines
Leaving the comfort of your home to get a fast loan is not how things can be done nowadays. You can do everything virtually these days, including request a title loan for as much as $15,000. Utah has become a boon of accessibility for financial pioneers. Now is your chance to take advantage of the convenience by working with Utah Title Loans, Inc., since a loan representative would come to your location to complete the title loans Utah process.
NOTE: You must be at least 18 years old to qualify for a title loan in the state of Utah.
How I Take Advantage Of Title Loan Places Near Me
I take advantage of the title loan places near me. They don't take advantage of me. My biggest misconception was that their primary goal was to rake me with unpleasant surprises. Instead, they helped me through a major jam when I lacked the credit or the collateral to get a bank's attention.
Here's what I did and still do every time I need quick cash:
Step 1 - I Enter My Information Online
Utah Title Loans, Inc. simplifies the process the most they can. You don't even have to get off of your couch. Fill out the short intake form for Utah title loans and an agent will contact you to schedule the appraisal at a time that suits your schedule.
Step 2 - I Submit My Required Items
You'll have to prove a few things, but it's not nearly as complicated as getting money from a bank. This is all you need to qualify for a title loan from Utah Title Loans, Inc.:
- A driver's license or government-issued photo ID.
- A lien-free title of the vehicle.
- The vehicle for an inspection.
Your loan amount is based on several factors, including the final valuation of your car.
Step 3 - I Review The Contract And Sign
Once given the details of your loan, review the payment schedule and amount. Ask your questions before signing the contract and accepting the money. Once you sign, the money should be received on the same day or the following business day.
Bust The Myths Between You And Your Money
Stop being afraid of the financial consequences of a bad decision. The title loan places near me are helpful and their process is quick. You can experience this yourself by submitting an online form today.