Don't Stress Over Debt To Enjoy The Holiday Seasons

We all know that expenses can pop up out of nowhere sometimes. You don't need to let that stress you out though. Nevada Title and Payday Loans, Inc. can help you stay on track with your normal bills and pay for your holiday gifts and expenses.

Nevada Title and Payday Loans, Inc. has a couple of options for short-term loans that are easy to apply for. A title loan is a good option for someone who owns their vehicle outright and has the title in their name. A payday loan is another option that allows you to take a cash advance against your next paycheck. 

Let's look at both of these options a little more closely.

What Is A Title Loan? 

A title loan is a collateral-style loan that lets you borrow against the equity in your owned vehicle. When you own a vehicle outright, you are given the title to that vehicle. If it is in your name, you can use the title to take out a loan. 

The most important factor for this is the title must be in your name and it must be lien-free. A lien-free title has no other loans against it. The title is clear. If the title is in your name and someone else's, you can still use it to get a title loan but both owners must sign for the funds.

If your title has been signed over to you and is not officially in your name, you'll need to get it put into your name through the DMV before you can use it for a title loan.

How Much Can I Borrow On A Title Loan?

In Nevada, you are allowed to borrow up to $15,000 against the title to your owned vehicle. You will not automatically be approved for the maximum amount, however. The amount you're approved for is determined by the value of your vehicle and its condition.

What Is A Payday Loan?

A payday loan is different than a title loan in that it's not a collateral-style loan option and it's even shorter term. You borrow money out of your next paycheck to bridge the gap between your paychecks. 

You are usually expected to pay back the entire loan amount when you get your next paycheck. These are great options for people who need a little extra cash to cover unexpected expenses between paychecks.

How Much Can I Borrow On A Payday Loan?

The nature of a payday loan is that it allows for smaller borrowed amounts. In Nevada, you can borrow up to $500 on a payday loan. 

The amount you're approved for will be determined by how much you make each paycheck and how much you need. 

What If My Credit Is Bad?

You can still get approved for title or payday loans if your credit is bad. We don't use your credit history as the main factor in determining your approval. We work with customers who have no credit, bad credit, or good credit. 

Our decisions for approvals are dependent on other factors. 

What Do I Need To Qualify For A Short-Term Loan?

Short-term loans are meant to help when finances get stretched a little too thin. You don't need much to qualify for them. Below are the required items for each of these loan types:

• Title loan - State-issued ID or driver's license, lien-free title to your vehicle in your name, the vehicle itself.
• Payday loan - State-issued ID or driver's license, most recent paystub, most recent bank statement, a blank check from your active checking account in your name.

You must be at least 18 years old to apply for these loans. You must also be able to present your vehicle for inspection to get a title loan.

How Long Does It Take To Get The Money?

This process is fast. You can forget about stressing over money and get on with your holiday celebrations quickly with a title loan or a payday loan. Most of our customers have the money they need that same day. If not, then the latest it's received is the next business day. 

We have fine-tuned our process to make it as easy and stress-less as it can be. We know that when you're looking for extra cash, you need it fast to stay on track. We have built our process to help you do that.

The Bottom Line

There's no reason for you to stress about debt or unpaid expenses during the holiday season. Nevada Title and Payday Loans, Inc. can help you pay your bills, pay for those unexpected expenses that arise, and pay for your holiday gifts without having to stress about it. 

If you're ready to find out how much you can get approved for, go to the homepage and fill out the short inquiry form for the type of loan you're interested in. One of our friendly representatives will reach out to you soon after your request is received.

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.