What Are Some Tips For Getting A Title Loan Fast?
Some financial emergencies require you to raise money as soon as possible—sometimes, even on the same day. However, some personal loans have complicated requirements and may need days or even weeks for approval. Can you afford to wait?
If your financial need is urgent, and every second counts, Nevada Title and Payday Loans, Inc. can help. Our efficient staff, and the convenient online loan process, can assist in getting a title loan fast.
Getting A Title Loan Fast Is One Way To Get Emergency Cash
Banks can take a long time to process personal loans. Since lending money is always a risk, they have to verify your ability to pay the loan (through your income statements, employment history, and financial statements) and your past history as a borrower.
Your borrowing history is measured through your credit score. It reflects how much debt you have, whether you make payments on time, and the types of credit you have had. However, the credit score does not fairly reflect other kinds of payments you have made (like rent or utilities) or the circumstances behind some missed payments.
So, to show your creditworthiness beyond a credit score, you have to present other supporting documents.
This process can be long, tedious, and difficult. However, title loans are much easier to get because it’s not based on credit scores or income statements. Instead, you offer security (or collateral) for your loan, in the form of a vehicle title.
The vehicle title serves as a pledge that you will pay the money back on time. You only have to prove that you are the legal owner (by presenting an ID that matches the name on the title) and then go through a vehicle inspection to verify the loan limit that you qualify for.
Since the requirements are so simple, you can get title loans fast. There is no need to gather any financial or employment documents, and you can apply even if you have a bad credit score.
Tips For Getting Title Loan Fast
1. Work With Efficient Lenders
Not all lenders have an efficient loan process. There are some that have long lines at the branch, misleading or confusing instructions, or inefficient customer service. Some unscrupulous lenders will also intentionally delay the release of payment.
That’s why it’s important to go to a trusted lender like Nevada Title and Payday Loans, Inc. You can depend on experienced and friendly customer service reps and a straightforward loan process at any of our locations.
Just fill out the online form, and we’ll call you back soon after. No need to call a hotline or wait in line at the branch, you can get started from the comfort of your home.
Just answer the phone when our representative calls, so they can explain the requirements clearly, and tell you what to expect at each stage of the process. Good communication and information are key to getting a title loan fast!
So, when you’re ready, just go to the branch to submit the documents and get a vehicle inspection. Our efficient staff can verify everything in just 30 minutes, so you don’t have to waste any time at the branch.
As soon as we verify the title and the loan amount you qualify for, we’ll give you a loan package. If you’re okay with the terms, you just have to sign off on a few documents to get the money right away. We told you that you could get title loans fast!
2. Make Sure The Name On The Title And ID Match
The most common reason for delays in approval is problems with the vehicle title or the ID. So, make sure that the vehicle title is in your name. If the title is under someone else’s name, or there is a difference in the way your name is spelled on the title and your ID, go to the DMV to correct the issue.
While this step can take some time and effort, unfortunately, it is required by law. Only the owner of a property can use it as security on a loan, and ownership can only be verified by the title and ID.
3. Check If The Title Is Lien-Free
A lien is a legal right or interest over a property. It can be placed by a lender during the length of a loan, the court if the property is under dispute, or by the government as part of tax issues.
A property cannot have two liens on it at the same time. So, verify that the title does not have any existing liens before you use it to apply for a title loan.
Click Now To Get A Title Loan Fast
If you need an emergency loan, and you are the owner of a vehicle that is registered under your name, then you’re just a few steps away from getting the money you need.
At Nevada Title and Payday Loans, Inc. we try to make the title loan process as straightforward as possible, so all you have to do is fill out the online form to get a title loan fast.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.