How Can You Use An Instant Title Loan?
When unexpected expenses hit, an instant title loan can be a lifesaver, even if you have less-than-perfect credit. At Fast Auto Loans, Inc., we offer online title loans that give you fast cash when you need it most. In this guide, we’ll show you how you can use an instant title loan for various financial needs.
You can use an instant title loan to cover any urgent financial need, like auto repairs, medical bills, late rent and bills, and home repairs. This article will show you five common uses for a title loan so you’ll know when it might come in handy for your financial emergency.
What Are Five Common Uses For Fast Title Loans?
One of the biggest advantages of instant title loans is their flexibility. You are free to use title loans to cover any urgent financial need that you wouldn’t be able to afford out of pocket.
To help you understand how useful one of these loans can be, here are five examples of common uses for instant title loans:
1. Cover Critical Auto Repairs
One common way people use a car title loan is to pay for important automotive repairs. Many people may not think you would be able to because you use the car’s lien-free title to secure the loan. Wouldn’t a loan provider not give out a loan to someone with a damaged car?
The vehicle itself is not used as collateral for the instant title loan; the car title is. You can use the vehicle title for a car that needs repairs to secure emergency money. The condition of your car could affect the loan amount, but you can still get the car title loan and drive your car to the mechanic for auto repairs.
The following are some examples of auto repairs you can pay for with a car title loan:
- Oil change and filter replacement
- Spark plug replacement
- Engine air filter replacement
- Cabin air filter replacement
- Automatic transmission fluid service
- Manual transmission clutch replacement
- Tire rotation and balancing
- Flat tire repair
- New tire purchase and installation
- Brake caliper replacement
- Brake fluid flush
- Battery replacement
Tip: Even if your vehicle needs repairs, your car title can still qualify the loan, allowing you to get back on the road fast.
2. Pay for Urgent Medical Bills
Another common use for an instant online title loan is to pay part or all of an important medical bill. Injuries and illnesses are hard enough to deal with on their own, but they become more challenging when a hefty medical bill is involved. While some people may have insurance to cover the costs of medical bills, not everyone has insurance that can pay for the full cost of serious injuries and illnesses.
One possible solution is to use an online title loan to cover that bill so you can focus on what matters most: recovering as quickly as possible. You can use a car title loan to pay for urgent medical expenses, such as ambulatory and hospitalization fees, surgical costs, and medication prices.
3. Keep Up With Rent or Utility Bills
Life gets in the way, and people fall behind on their rent from time to time. There’s no shame in it; it happens to the best of us. Some people can struggle with unemployment or reduced hours/wages, and others can have to deal with increased apartment rent prices.
No matter what life issue comes your way, you must stay up-to-date on your rent to avoid eviction. Emergency money from an instant title loan can help pay for rent while you find a way to recover financially.
- Use an instant title loan to ensure your bills are paid on time.
- Avoid late fees and service disruptions during financial hardship.
4. Fund Home Repairs and Maintenance
Just like with rent, people also fall behind on their utility bills occasionally. Instead of an eviction, these late bills could get you in more financial trouble with things like late fees and other penalties.
Worse yet, late bills can lead to service disruptions or disconnections, such as losing electricity or water supply.
An instant title loan could help you avoid that trouble altogether. You could use one to get current on your bills and prevent yourself from paying extra for the same service.
5. Manage Other Urgent Expenses
You can use an instant title loan to deal with urgent household repairs. Living in a home means dealing with repairs that cannot be delayed. For example, the boiler in your basement might leak, a window might break, or a hole might form in your roof.
These problems could make your home unsafe or uncomfortable to live in, so urgent repairs are a must. Getting money through an instant title loan could help you start those repairs immediately and get your home back into the best shape possible.
How Much Money Can You Get With An Instant Title Loan?
An instant title loan can be helpful, but you must understand it’s not a one-size-fits-all solution. Depending on your car's worth, you could qualify for between $300 and $15,00. A knowledgeable representative will inspect your car as part of the process to determine how much you qualify to borrow.
During the inspection, they will determine the value of your vehicle based on the year, make, model, mileage, and vehicle condition.
How To Apply for an Instant Title Loan
Getting an online title loan is simple:
-
Fill Out Our Online Form:
Visit our online application page and submit your basic details. -
Connect With a Loan Representative:
You’ll receive a phone call to discuss your needs and schedule a meeting. -
Prepare Your Documents:
Bring your driver’s license (or other valid ID), your lien-free car title, and your vehicle for inspection. -
Get Approved Quickly:
After a brief in-person meeting (which can be at your home), you could receive cash as soon as the same day or by the next business day.
Ready To Get Fast Cash?
Remember that you can use instant title loans to address any urgent financial need. People commonly use it to pay medical bills, fund urgent car or home repairs, catch up on rent, or settle overdue bills.
If you need immediate help with urgent expenses, an instant title loan might be your answer.
Apply for online title loans and see how you can put an instant title loan to good use today.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.
