Title Loans Huntsville, Alabama
If you can’t get a loan from a bank or credit union, there is still a good chance that you can get a secured loan. A secured loan is a loan that has something backing it up. This something is a physical object. You might be familiar with a pawn shop. Pawn shops allow you to leave a personal item that has value and take cash in its place. The item left behind is what secures the loan. Of course, there is another type of secured loan that is a much better fit for most people and that is a car title loan from Platinum Lending LTD.
Unlike a pawn shop, when you get title loans Huntsville, you use your car or truck or even motorcycle to secure your loan. These loans are much better than other types of secured loans for a couple of reasons:
- You get to keep your car even while you are paying your loan back.
- You can get more money from a title loan than other types of loans.
Also, unlike walking into a pawn shop to get a few dollars, there is no negative stigma attached to getting a car title loan. In fact, this kind of loan can actually help you get out of your current financial difficulties and repair your credit in the long run. That is because with a title loan you can catch up overdue bills and credit cards or make sure payments do not fall behind in the first place.
Title Loans Huntsville – How do I Apply?
Applying for a title loan from Platinum Lending is a snap. There are just a couple of questions you need to be able to answer yes to:
- Do you have a vehicle title that does not have a lien against it?
- Do you have a photo ID?
- Do you have a source of income?
If you can answer yes to those questions, then not only applying for title loans in Alabama is a snap, being approved is also a snap, and you can usually get your money in a day or less.
You will also want to be sure to have all the information you need about your car ready to go as well. This will include the model, make, and the current mileage on your car.
While a source of income is certainly helpful, you can still be approved for title loans without a job as there are lots of different ways to show you have some kind of income that will allow you to pay back the loan.
Also, here at Platinum Lending, we go out of our way to make applying as convenient as possible. In fact, you can apply online title loans. On our website, there is a very short questionnaire that requires the information listed above. Once you fill that out, you will also receive an estimate on how much you can get a loan for. This information is free of charge. You should also expect a quick follow-up call from one of our team members to verify your information.
Few Rules for Title Loans Huntsville
There are not many regulations for title loans in Alabama, but here are a few of them to be aware of:
- Title loan companies have to pay an annual fee to the state to be licensed.
- Title loan companies must keep detailed records of all transaction.
- Most title loans in Alabama are under $1,000.
Understanding the Pros of Title Loans Huntsville
While there are many pros to title loans some of the best are:
- No credit checks
- You can keep your vehicle
- Get money the same day
When you want to learn more about title loans, connect with Platinum Lending.