What Are The Benefits Of Getting A Title Loan vs A Bank Loan?

November 24, 2021 | June Mckaig

benefits of getting a title loan

 

Wondering if you should get a title loan or a bank loan? Well, getting a title loan in Nevada instead of a bank loan is advantageous for many reasons. Whether it is because poor credit is welcome, you can qualify for as much as your vehicle is worth, you get your money fast, or you get to keep your vehicle, there are many advantages you should know about.

When you find yourself in an emergency and need cash fast, these benefits will come in handy. Here is a little more information about the key advantages of a title loan and how you can get started with your own title loan in Nevada once you decide.

Top 4 Benefits of Getting A Title Loan In Nevada

1. Poor Credit Is Welcome

If you have bad credit, you know how difficult it can be to get a bank loan. Unfortunately, emergencies don’t care about your credit score, which means you may have a serious need for money but are unable to get the loan you need because of your score.

With auto title loans Nevada, you don’t have to worry about your credit score. We welcome people with either good or poor credit scores to come in and sit down with us. That means your poor credit does not automatically disqualify you from getting the help you need.

2. You Can Qualify For As Much As Your Vehicle Is Worth

Title loans are an option when you need a lot of money quickly. With bank loans, you might not be able to get a lot of cash, especially if your credit score is not up to par. With a title loan, you qualify for as much money as your vehicle is worth, up to $15,000.

Of course, this means your vehicle needs to be in pretty decent condition to have a higher resale value. So if your vehicle is broken down and in need of major repairs, you may want to prepare for a lower title loan amount if you are approved.

3. You Can Get Your Money Fast

Bank loans can take weeks to get the money you need. When you are caught in a real situation, you probably won’t have time to wait for the loan to go through. That isn’t a problem with a title loan in Nevada. Here at Nevada Title and Payday Loans, Inc., you can get through the process in 30 minutes!

This means you can either get the money on the same day or the next bank business day. These quick processing times allow you to get the money you need and handle the emergency promptly. When you are caught in a real emergency, this provides great peace of mind.

4. Get To Keep Your Vehicle

One worry many people have when it comes to title loans is that they won’t have access to their vehicles. Luckily, you don’t have to worry about this at all. Even when you are getting cash from a title loan in Nevada, you get to keep your vehicle. So, you can still drive around town and get the cash you need. Just make sure to keep up with the repayment schedule.

 

title loan Nevada

 

Let Nevada Title Payday Loans, Inc. Help

If you need a title loan in Nevada, Nevada Title and Payday Loans, Inc. can help. We offer title loans that are quick, easy, and convenient. With locations all over the state, there is likely a Nevada Title and Payday Loans, Inc. store location near you.

How To Find Locations Near Me

You can find out about our store locations by checking out our locations page on our website. For an even easier option, you can simply fill out our inquiry form. This form makes it easy to find the nearest auto title loans near me without scrolling through an endless list.

What Will I Need For A Title Loan In Nevada?

In order to apply, there are a few items you will need: a driver’s license or state-issued photo ID, a lien-free title in your name, and your vehicle for inspection. In case you are unfamiliar, a lien-free title means that you own your vehicle title outright and there aren’t any loans or judgments against it.

If your car is not in your name, you will need to go to the DMV and get it transferred to your name. Unfortunately, you won’t be able to get a title loan if the title is not in your name or lien-free. Make sure you meet both of these requirements before your meeting to save as much time as possible.

Once You Decide, Get Started Right Now

Interested in getting a title loan in Nevada? All you need to do is fill out our online inquiry form. This form will connect you to a representative from a location near you who will walk you through the rest of the process. Here at Nevada Title and Payday Loans, Inc., we will answer your inquiry form quickly so that you can get the cash you need fast!