Title Loans Mobile, Alabama
If you are in need of straightforward and hassle-free cash, there is no better option than securing title loans in Mobile. Title loans provide a simple short-term solution to help you meet your monthly financial responsibilities. Title loan cash can be used for any expense. You can use them to finance your rent, a much-needed summer getaway or the rising cost of summer utilities to stave off the Alabama heat.
As a trusted leader in the title loan industry, Platinum Lending has helped hundreds of people in Alabama secure honest and fair title loans. We provide title loans for cars, motorcycles, trucks, RVs and SUVs. We can help you.
How to Apply for Title Loans in Mobile, AL
Title loans are secured by everyday people just like yourself. From contractors to office employees, title loans provide hard-working individuals with the cash to get through any problem that comes their way.
You may be surprised to learn that securing a title loan does not involve a lengthy process. In fact, the only things you need to secure title loans in Alabama are a valid driver’s license, a source of income and a clear title.
When you apply for title loans, there are no credit or background checks involved. You can rest assured that your loan will not be assessed on the basis of your financial history. Since your car will be used as security, your loan application will be assessed based on the value of your car.
Alabama Laws for Title Loans Mobile
In Alabama, the title loan industry is regulated by the Pawn Shop Act. According to the guidelines of this legislation, title lenders may only charge 25 percent interest each month of the loan.
Another provision of this Act is that lenders have the legal right to seize your property if a payment is not received within 30 days of signing the contract. With these provisions, it is important for you to adhere to responsible borrowing practices as you make your borrowing decisions.
Best Practices for Securing a Title Loan
Many borrowers have successful outcomes after they secure their title loans. By following these best practices when it comes to securing a title loan, you can experience similar success.
- Limit the amount of money you borrow to an amount that you can comfortably afford to repay.
- Repay the loan as quickly as possible.
- Read the terms of your loan contract carefully, and adhere to the terms of the loan.
- Discuss any potential problems with your title lender.
Online Title Loan Application
At Platinum Lending, you can apply for a title loan in the comfort of your home using your computer or smartphone. The process is quick and easy. Complete an application. Include information such as the make, model, mileage and year of your car. You will also need to provide personal information such as your name, address and telephone number.
Once your online application has been submitted to our portal, you will receive a free title loan quote. A title loan representative will contact you to complete the lending process. When your loan is approved within a few days, you will receive your cash.
The best part about securing online title loans with no inspection is you get to keep your car. Platinum Lending will not own your car, and you retain full ownership rights to your car.
If you need a trusted car title lender that abides by Alabama laws, look no further than Platinum Lending. We can provide safe and secure loans to you when you need them.