Auto Title Loans: Best Option for Short-Term Needs?

It is easy to get sideswiped by an unexpected financial hardship, but is there a practical quick cash solution to these types of situations?  By and large, auto title loans will always be your best option for short-term financial funding.

Not only are they simplified and safe, but the speed at which the process takes place addresses a state of emergency.  All you need is the title to your vehicle and a few basic pieces of identification.  To get a better understanding, take a look at comparisons between car title loans and traditional bank loans

Loan application turnaround time

Did you know that a bank can take weeks or months to process your loan.  After the paperwork is complete, you can still be denied.  However, if you use a car title loan business, you can get money within the hour for up to 50 percent of the value of your vehicle.

Application process

Car title loans will want to verify that you have an address, your income, and your car title.  These are all things you have on-hand or can locate within an hour or less.  A bank, on the other hand, has an application that requires additional documents, references, and several pages of questions to fill out.

Time to receive funds

After a bank gives you a three-month wait to process your loan, they can cause more delays by waiting another 90 days to give you your money.  Title loans usually take less than an hour to give you your full loan amount.

Checking for credit

A bank often requires up to 10 years of credit history before offering money in the form of a loan.  Alternatively, a car title loan business does not do a credit check at all.

Repaying your loan

Did you know a bank could charge you extra money because you paid off your loan early.  Car title loan businesses are month-to-month, and therefore this prepayment penalty does not apply.

Get cash for your car title today

Now that you understand the advantages to getting a car title loan versus the hassle of a bank loan, the next step is start the application process with Bay Area Title Loans.  We look forward to having you as a customer at one of our convenient locations.  Thank you again for your business, and we are happy to answer any of your questions.