Getting a loan can be a serious challenge, especially for people with poor credit, or those who are unemployed or receiving disability or retirement income. This can be highly problematic during trying times when cash is needed fast. Traditional lenders will flat out refuse people if they don’t meet their rigid requirements, leaving you with a lack of options – until now. Cash Plus makes it possible for you to secure the cash you need safely and quickly, using your car as collateral. Here are the answers to some common questions people have about how title loans work.
Do I Qualify?
If your car has value, you qualify for a title loan. We do not base our decisions on traditional factors like your credit score, financial standing, job, and so on. Instead, we hold onto your car title so that we have a recourse option if you fail to pay back the loan. If you have a clean title, and you have either paid the vehicle off, or you are close to paying it off, we can work with you. You may be skeptical because of rejections in the past, but a car title loan simply secures your loan with the equity in your car. Your car is essentially your credit. That is how title loans work.
How Much Money Can I Borrow?
The amount of money that we can lend you varies depending on the value of your vehicle. We view how much your car is worth, and then we can lend between $2,500 and $50,000. If you are in an emergency situation, or you just need some extra cash to get back on your feet, a title loan can be a life-changing step. We make it possible for you to get the money that you need quickly, easily, and most importantly – safely.
What Do You Do With My Vehicle?
One of the best aspects of car title loans is that you get to keep using your vehicle just as you did before! We do hold onto the title, but you do not need to give up your mobility to get the cash you need. After you are approved for your title loan, simply meet with one of our local agents to process your paperwork, and you can receive your cash in as little as one day. It is important to note that there is a possibility that your vehicle will get repossessed if you do not pay your loan back, but that is only used as a last option.
What Do I Need to Apply?
Here at Cash Plus, we make the process as streamlined and quick as possible. In addition to your car title, proof of insurance, and driver’s license, we will require some basic documents to prove your address, such as a phone bill or junk mail. We may also require proof of income and personal references. Other documents may be required, depending on the situation and the size of your loan. Get in touch with us and we will be more than happy to tell you exactly what to bring and how title loans work.
How Do I Apply?
First, fill out the basic form on our website to see how much money you qualify for. From there, you can select the terms that fit your budget. Once that simple process has been completed, one of our friendly customer service representatives will contact you by phone or email, depending on your preference. After the details are worked out and you are pre-approved, simply meet with one of our agents in Los Angeles, and you will have your cash within minutes. Let us know if you are not able to come to a local office, and we will send one of our loan specialists to your home or workplace to complete the process.
What Are the Terms for Paying the Loan Back?
We want your title loan to fit comfortably into your budget, which is why we give you between 12 and 36 months, depending on the loan. We work with you to find a payment plan that you can afford to pay consistently. Timely payments are the key to bringing your balance down, and you are always free to pay more or pay early. We make sure that there are no surprises, and we will clearly outline the payment terms before you are in any way obligated. Simple and safe – that’s how title loans work.
Why Should I Choose Cash Plus?
Here at Cash Plus, we make every effort to work with you to make sure that you can get the cash you need, and that you will be able to pay it back comfortably. We make obtaining the cash that you need a breeze, and our terms are more than reasonable. When traditional lenders fail you, we are here to help. We understand that sometimes finances can get out of control, and we are thrilled to be able to help you to get back on track.
Now that you understand how title loans work, just fill out the initial online form to get started. There are no obligations until you sign the paperwork and hand over your vehicle’s title, so don’t feel any pressure. If you are looking for a non-traditional lender that works with you instead of against you, choose Cash Plus. A better future awaits you, so don’t hesitate. Get the cash that you need today!