What's the first thing to do when you need more money? Ask family and friends is what some people do, while others look to a lender for help. Lenders are an excellent option, but which do you choose? One of the best options is the lender offering fast and easy cash through auto title loans in Grandview.
Title loans Grandview offer financing to adults willing to put up collateral to get the money. In addition to having limited requirements, these loans are easy to apply for and get, and most loan awards are distributed in less than a day.
Vehicles are the main qualifier for a vehicle title loan in Grandview. A loan applicant needs to put up a car, truck, motorcycle or other vehicle with a clear title that they own. Applicants have to be at least 18 years old, and they need to be able to afford loan payments. Being employed in not required, but applicants who don't work should get money from another source, such as unemployment benefits, a pension or alimony. After a loan is approved, the borrower turns over the vehicle title to the lender. The title is returned when all loan payments are made.
Borrowers won't have to go through a credit check. While traditional loans are made based on how high an applicant's' credit score is or what's contained in their credit report, title lenders only look at collateral. Vehicles place on the line for a loan could be lost if the loan is not repaid, which means the borrower has incentive to make payments. Without a credit check to stand in the way, even applicants with bad credit can be approved for auto title loans in Grandview.
Applying for title loans Grandview is much simpler than applying for other types of loans. There is no lengthy application. Instead, you just give us your name and contact information, and tell us the make, model, style, year and mileage of the vehicle you're using as collateral.
After spending mere minutes on the application, you submit it to get your instant loan offer. Loan amounts are based on the value of your vehicle, so the information you provide about your car is all we need to move forward. If you like our offer and accept, we start processing right away.
Applying online and discussing the loan by phone make a vehicle title loan in Grandview far more convenient than traditional loans. It also makes processing faster. We can quickly explain to you how title loans work and answer your questions, as well as get any other details we need about the condition of your car and your income. Setting up a payment plan and arranging to get your vehicle title doesn't take long. The final steps in processing include you signing a loan agreement and actually collecting the cash you need. Because you need the money in a hurry, we don't waste time, and you'll probably have your cash a few hours after submitting an application.
Lenders must be licensed. They are allowed to charge upfront fees and other loan related fees.
Lenders are not allowed to penalize borrowers for cancelling a title loan, which the borrower can do without penalty if done within the one business day of accepting the money. Original loan terms are for one month. Loans are renewable.
Before they repossess a vehicle, the lender must tell the borrower 20 days in advance. The borrower can stop the repossession by catching up on loan payments during that time. The lender must give the borrower 10 days notice before selling a repossessed vehicle. Borrowers can use that 10 days to pay off the debt and stop the vehicle sale. When a vehicle is sold, the money goes to the lender to pay off the loan debt. Any excess money goes to the borrower, but if there is not enough money to cover the debt, the lender can attempt to get the remaining balance from the borrower.