Car title loans allow you to secure cash loans online using your car title, and not your credit score or credit rating. Regardless of what you need a loan for, a car title loan online is a fast, simple way to get your hands on the cash required, and there are now many reputable vendors that will gladly assist.
The amount of money you may borrow will depend on the approximate value of your car and of course the amount that you require, and while making the car title loan repayments your car stays with you and on the road, which is a major plus point of this type of cash loan. Most vendors will provide same day loan approval at competitive rates and the seamless process is totally hassle free, allowing you to borrow the cash you need and arrange repayments easily.
Car Title Loan Requirements
While the fact that there is no credit check required as the amount you borrow is secured by your car title is great, there are some documents that you will need to provide. Unlike a car title pawn in which you may still have outstanding payments on your car, to obtain a car title loan, the car must be fully owned by you and you´ll need to be able to prove that by providing the car title, or the pink slip as you may call it. As long as you can prove ownership of the vehicle that all important first step is complete, and it makes no odds what make or model of car you own and wish to loan money on.
Proof of ID is also required and your drivers license will suffice, and combined with your car title you´ll have provided all that´s necessary for your car title loan application to be assessed. All vendors will do their very best to offer as fast a service as possible, in fact many will provide you with a response within just 30 minutes, and it´s often the case that you may receive the cash loan the same day.
Car title loans are a great way to obtain a fast cash loan and the quick approval process, the fact that you keep on driving your car while making the repayments, combined with the great service and competitive rates offered by the best car title loan companies mean that many US car owners have used this type of service.
