Get Cash Fast With a Car Title Loan

February 9, 2012

If you need money and have plenty of time to wait, a bank can give you a loan. However, if you are strapped for time and can’t wait days or weeks for a bank to process your loan application, a car title loan will work for you.

With a car title loan, you’ll pledge your vehicle’s title as collateral. This doesn’t mean that you’ll have to give up your vehicle. In most cases, you’ll just hand over the title temporarily until the loan is paid off.

What you’ll get for doing so is a fast loan. While a bank will typically take days or weeks to process your application, run credit checks and so on, a title lender will usually do so on the same day. It usually won’t even run a credit check, so that is another benefit. In fact, Car Cash Loans will often give you cash in around 1 hour and won‘t run your credit check in most cases.

Why You May Need Cash Fast

You may wonder why you would need cash in less than an hour. There are plenty of reasons why this may be the case.

If you are a very busy person and cannot afford to spend a lot of time dealing with a banker, waiting for the loan process to move along and hoping that you get a loan, a car title loan will be great for you. There is typically no delay in getting your money – it’s faster than traditional methods.

For those who need cash urgently to pay off a bill, a car title loan is much better than a traditional loan. A bank’s lower rates won’t do you much good if you get evicted from your home or have a utility shut off.

Will It Be Difficult to Get Fast Cash?

In most cases, the process of obtaining a car title loan is fairly simple. You’ll fill out a little bit of paperwork, pledge your vehicle’s title as collateral and walk out with cash. You’ll generally do so in a relatively short period of time, making it much less of a hassle than dealing with a traditional lender.

The chances of getting rejected are much lower with a car title lender, as well. For example, Car Cash Loans doesn’t run credit checks and only does a minimal income verification process, so you’ll have a high chance of getting a loan if you own your vehicle. You won’t have to keep looking around like you will if a bank rejects your loan application – you’ll get cash and walk away.

Is a Car Title Loan Right For You?

A car title loan can be a great option for several reasons. As mentioned, you’ll typically get a car title loan much faster than you will get a bank loan. That’s a great benefit when you need money urgently, as you can pay your bill quickly and avoid further problems.

Also, you won’t have to fill out a lot of paperwork in most cases when dealing with a car title lender. So, if you are a busy person, you generally won’t have to spend half of your day at the loan office. It’s a much more simplistic, straightforward process than dealing with a traditional lender, so there is much less hassle involved.

So, if time is of the essence, a car title loan can be a great way to get fast cash.