If Banks Won’t Oblige, Apply for a Car Title Loan to Take Care Of Your Cash Shortage
When it comes to applying for loans, a high credit rating is a critical factor, particularly when dealing with banks. The process to apply for a loan can also be very strenuous, requiring large amounts of paperwork. In addition, if you have a poor credit history, the interest rate on your loan can become very high. If you need a loan that has a good interest rate, and you don’t want a poor credit score to stand in your way, then Car Title Loans San Francisco is a great option for you.
One of the major problems in handling a financial emergency is the task of gathering up a large amount of money in a small amount of time. This becomes even more of a challenge when a person has a bad credit history.
Banks can make the situation even more complicated through complex loan applications and long wait times for approval. With a car title loan, you won’t to worry about any of these headaches. You can get your loan approved and have your cash in hand in as little as 24 hours after applying.
In order to begin applying for a vehicle title loan, you must make sure that your car has no current loans against it. The car needs to be registered in your own name or the name of the person who will be applying for the title loan. The car then becomes the collateral for the title loan, but the owner never loses possession of the vehicle.
That is a great benefit to the car title loan – the owner retains the use of the car throughout the loan repayment period. A title lender allows up to 70% of the car’s resale value as a title loan which can be used to cover a wide variety of financial needs. Whether you need money for extended medical care or extra cash to cover some overdue college expenses, Car Title Loans San Francisco can provide the answer.
Possibly the greatest perk of the car title loan is the affordable interest rate. Compared to expensive payday loans that charge upwards of 300% APR, a vehicle title loan rarely has a rate exceeding 30% APR. This creates a customer friendly loan that can be repaid without getting becoming bogged down in extra interest.
The lower rates create a lower loan amount that can be easily repaid by the borrower. Moreover, the auto title loan will never include heavy fees or penalties within your contract. You can even decide to pay off your loan early without any fear of receiving extra charges or penalties.
Many loans can be very difficult to repay, since banks and other lenders create strict guidelines that cannot be bent or broken. However, with a vehicle title loan, you will always have flexible options for making payments.
This allows the borrower to repay their loan without causing a great deal of strain on their current budget. This has caused the car title loan to become very popular, and many customers often pay their loans off early so that they can receive new loans.
When you are needing to find some quick cash, and you aren’t sure where to turn to, give Car Title Loans San Francisco a try. Their car title loans are very affordable, with low interest rates and very flexible payment plans. Plus, you wont have to sit around waiting for your loan to get approved.
You can have your cash in hand within 24 hours of applying. This is critical when you are trying to get your financial situation in order. Don’t allow your money matters to get any worse than they already are. Apply for a vehicle title loan and get control of your financial situation today.