Breaking Down The Advantages Of Title Loans
If you're dealing with a financial emergency, title loans from Fast Auto Loans, Inc. may be the solution you’re looking for. With fast approvals, easy requirements, and loan amounts up to $15,000, it’s no surprise so many Texans are turning to this option.
In this article, we’ll break down the top 5 advantages of title loans so you can decide if this fast and flexible loan option is right for you.
The Top 5 Advantages Of Title Loans
Title loans come with several benefits that can make your financial challenges easier to manage. Here are the top 5 advantages of title loans that you’ll want to be aware of when making important financial decisions:
1. Get Up To $15,000
First and foremost, this type of loan could help you secure cash amounts from $300 to $15,000 just by fulfilling a few requirements. The exact amount you could qualify to borrow will depend on several factors, most notably your car’s value.
A loan representative will verify your documents and perform a quick physical inspection of the vehicle to assess how much you qualify for. Then, they’ll let you know the outcome after a few moments. Borrowing these amounts could help you overcome many kinds of financial hurdles or at least make significant progress in doing so.
Learn more: How much can I borrow with a title loan?
2. Simple Loan Requirements
Aside from the substantial amounts you could borrow, title loans also come with a list of simple requirements. Unlike some other options on the market, you won’t have to worry about jumping through many hoops just to get the urgent help you need. You can qualify for a title loan by:
- Being at least 18 years old.
- Having a lien-free car title that’s free from any outstanding loans or judgments.
- Having a driver’s license or another valid state-issued photo ID.
- Bring your car in for a quick physical inspection (you’ll get to keep the car after that).
3. Fast Approval and Same-Day Cash
On top of the first two benefits above, this type of loan is also known for its speed. More specifically, the entire title loan process can happen in as little time as possible. That is one crucial reason why title loans can be a helpful option to consider during a financial emergency.
For example, the in-person part of the process where the representative verifies your documents and inspects your car can take as little as 30 minutes to complete. Then, you’ll likely wait only a few moments to find out whether or not you’re approved.
Assuming you are, you could have your money as early as the same day of your approval or by the next business day. Overall, you can rest assured that you won’t have to wait around forever to get the urgent financial help that you require!
4. Use the Money However You Need
Some loan options on the marketplace restrictions on how you can use the money you borrow. That’s not the case with title loans, and it’s yet another advantage that this type of loan offers. You can use the money from one of these loans for any urgent financial need you have. Many borrowers use the money for things like:
- Catching up on rent to avoid an eviction.
- Getting current on bills to avoid late fees, penalties, and service disruptions.
- Paying for urgent medical treatments.
- Funding home or car repairs that cannot wait.
- Any other kind of financial emergency!
In simpler terms, title loans empower you to resolve your financial emergency in whatever way you see fit!
5. Apply Anytime, From Anywhere
Last but certainly not least, an advantage of title loans is that you can get started at any time, from anywhere. That’s because you can kick-start the process by filling out the online form with your basic information, all from the comfort of your mobile device. You’ll only need to fill the form with details like:
- Your name and contact number.
- Your ZIP code.
- Your car’s make, model, and year.
Best of all, you don’t have to wait for regular business hours to submit that form. The sooner you do that, the sooner you’ll enjoy the advantages we reviewed.
Tip: Use our loan inquiry form to start now and unlock the advantages of title loans today!
Take the First Step Toward Fast Cash
Now that you know all the advantages of title loans, all that’s left is to take the first step. Reach out to Fast Auto Loans, Inc. by filling out and submitting the online form, as mentioned earlier!
Soon after you do that, you can expect a phone call from a helpful representative. They’ll brief you on the loan’s requirements, answer any questions you have, then guide you through the entire process!
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.
