Title Loans Decatur, Alabama
Extra cash and time is something we all wish we had when it comes to paying off our bills. With the rising cost of living, many of us are struggling to make ends meet even while living paycheck to paycheck. Since banks are notorious for turning people away from personal loans, we will provide you with another way to getting quick cash without the need to look at your credit history or score! A title loan in Huntsville, or in Decatur is a simple and quick solution to your financial problems. Our lenders will guarantee you instant money, all in exchange for your vehicle title. Unlike other lenders, we determine your loan amount by looking at the current market value of your vehicle. Find out how much you can get and apply today!
What is a Vehicle Title?
This is a piece of legal paperwork stating you are the unquestioned owner of the vehicle. When you have a clear and lien-free title, you are able to apply for a title loan with one of our lenders. We are not interested in taking your car from you, and because of that you are still able to drive your car even while you are in the lending period. When you pay off your loan, the lender will send your vehicle title back in the mail.
The Process of Getting a Title Loan
To find out more about Alabama title loans just submit an application either online through our website or on the phone. Regardless of how you apply, the only information we need from you is your vehicle make, year, model, style and mileage. After you complete and submit this information, you will receive a call with one of our loan agents, if you are not already on the phone with one, so they can inform you of a title loan estimate. They will also inform you of paperwork you must gather before you see a title loan lender, including:
- Photo ID (State ID, Driver’s License or Passport)*
- Vehicle—Must be brought in for a quick inspection. If your vehicle is damaged in any way, or has been involved in any auto collisions, the loan amount you were guaranteed may change.
- Vehicle Title—gathered at:
*In Alabama, the applicant must be 19 years old or older.
As stated in the paragraph above, our lenders only care about the value of your car. Since it is a type of asset lending, instead of using your credit score, we temporarily hold onto your vehicle title. It is important to gather your vehicle title before you visit the lender site. Usually, when an applicant visits the site, the contract will be drawn up that day.
Alabama Title Loan Contract
Regardless of the lender you are matched up with, your contract will provide full disclosures about the loan. The payment amount must be outlined, which can include the interest rate for each payment you have to make, the date you have to make that specific payment by, and consequences for missed or late payments. You are allowed to send in payments earlier than scheduled, you will not be penalized for doing so. The title loan contract will also state that the full loan must be paid off by the maturity date. This date is 30 days after you were given the loan. You also have the right to rescind the loan within 24 hours if you choose to do so.