Posts Tagged ‘online approval’

Fix your Urgent Cash Needs with Auto Title Loan

Are you in urgent need of cash? Why ask for cash from your friends, parents or banks when you can convert your beloved car into cash? Auto title loan can provide you the money by using your car as security.

What is Auto Title Loan?

An auto title loan is a type of short-term borrowing where a car owner borrows money by pledging the car as collateral. The borrower has to surrender the hard copy of the car title in exchange of quick loan approval. When the loan is repaid, the lender removes the lien on the title and returns it to the borrower. But, if the loan is not repaid, the lender has the right to take ownership of the car and sell it.

Who can qualify for Auto Title Loan?

The lenders who provide auto title loan focus on car and give less importance to your income and credit score. So, it is okay if you have low income or bad credit history. To qualify for the loan program, you must fulfill the following requirements:

>> You should own a clear title

>> Your car’s wholesale value should be at least $3000

>> You must have a steady source of income

>> You must be able to make regular payments

How does an Auto Title Loan work?

You can contact a local lender or an online lender for obtaining the loan program. You have to submit a loan application form by informing the lender about the following things:

Your Personal Information

Provide your name, residential address, phone number, e-mail address, etc.

Income Details

Provide your Total Net Monthly Income and Total Monthly Household Expenses.

Amount of Loan

Although lender decides the loan amount, you must provide a desirable loan amount in the application. It will help the lender in understanding your financial needs correctly.

Car’s Manufacture Year

Lenders don’t consider car’s older than 15 years for approval. So, if the car is manufactured in 1999 or before, it won’t be approved by the lender.

Car’s Make and Model

Make sure that you provide your car’s accurate make and model as written in the title.

Amount Owed on the Car

The amount that you owe on the car should be ZERO. If you have lien on the title, you won’t be approved for the loan.

Mileage

Provide the mileage of your car by reading the odometer.

The lender will review your application and provide you with loan quotes. If you agree with the rates, you will have to send the title of your car along with other required documents to the lender.

Once the lender has verified all the documents provide by you, he will deposit the money in your account.

So, this is how you can make good use of your car and solve your urgent cash problems.

Rapid Car Loans can help you in obtaining instant bad credit car loans. The online auto financing company is known for providing quick results and affordable rates to bad credit car buyers. Apply now and end your cash troubles today with bad credit car title loans.

Be the first to comment - What do you think?  Posted by cartitleloans - December 12, 2014 at 10:49 am

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Instant Approval Auto Loans – Methods of Choosing and Benefits

Sometimes, getting an instant approval on auto loans becomes difficult. But by correct guidance and information, you can avoid many problems. You may take the following three rules into consideration so as to get the best possible deal in case of auto loans.

Your first priority should be Online auto loans – Looking for auto loans with instant approval offline is a very tedious job. You need to shop around a lot and the processing time for these loans is also long. Online approval is quicker. They take not more than 24 hours to approve. The options for choice are wider. So, you can easily choose the deal that suits you best. The process of application is also very easy. It involves filling up of few data like name, address, employment history etc. so long the form is filled up correctly, the approval is returned in just no time.

Opt for the best possible rates – Depending upon your credit record, the rate of interest may vary slightly. The rates could be either higher or lower than the usual market rates. If your credit score is low, the cost of borrowing to you will be higher. The trick here is, search for different lenders and compare quotes given by them. Thereby opt for the lender who would offer you the best rate that is most suitable for your deal and matches up to your present circumstances.

Avoid upfront costs – While choosing any lender for instant approval auto loans, make sure that there are no upfront costs involved with the application. If you ever visit a website which asks for any kind of payment even before you fill up the form, the site can be a scam. Most online companies offer free quotes on loans.

Benefits of Instant Approval Car Loan

By submitting an application for an instant car loan approval, you pave your way for getting your loan pre-approved. The common mistake made by people is to begin their car purchasing experience without any pre-approval. By selecting a car of their choice, they allow the car dealership companies to review their credit record and offer them a financing package. Instant approval loans come with many benefits:

Waiting Time for the Instant Auto Loan Approval – After you have submitted an application for any online approval, the time for the response varies. In most cases, customers receive a reply within a matter 15 minutes. Make sure that you include all required information correctly. An online auto loan application requires two type of information one is personal information which includes name, address, SSN, monthly payments, income etc and secondly employment information which include occupation, currently employer name, time at employer etc. Based on this information provided these auto loan companies will offer you a car loan quote. You can either accept the quote or reject it. The choice is entirely yours.

Request Instant Car Loan Quotes from Different Lenders – Instant auto loan approval is convenient and quick. Brokers are perfect as they have access to numerous lenders and loan packages. After completing an application, brokers go on to review all your information, and within a matter of few minutes, you will receive an email with different offers from various lenders which is less time consuming and saves a lot of money.

Be the first to comment - What do you think?  Posted by Auto Car Loan Financing Online - September 12, 2011 at 5:32 am

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