Title Loans in Bentonville, AR
Whether you are a school teacher, a nurse or an independent contractor in Bentonville, AR, you could find yourself running short of cash from time to time. Even if you’ve been able to set aside a small amount of money for emergencies, you might need a small loan to get the brakes fixed on the car or have the air conditioning serviced. Those are just a few examples of why people come to Platinum Lending LTD.
We’ve helped lots of folks to catch up on bills, pay off high interest debt or make home repairs. Our title loans in Bentonville provide people just like you with the cash they need now for small and big emergencies. We also pay out in a day after you apply. If you need a little financial help and you own a car and have the title, we can help.
How Do Bentonville Title Loans Work?
- Borrowers must meet a few requirements.
- You apply for a loan online.
- Meet with a loan consultant on the phone to discuss the terms of your loan and select a repayment plan.
- Sign a contract, which follows state title loan regulations and specifies the terms of the loan.
- Hand in your paper car title.
- Collect your loan funds.
- Begin making payments according to your repayment schedule supplied in your contract.
Loan Requirements for Title Loans Bentonville
We will discuss various types of acceptable income sources during your loan consultation with your loan representative. For the most part, we do require that borrowers have some type of income to repay title loans in Bentonville.
In order to provide collateral for a loan, the borrower must have the title to their vehicle. The title should be in your name. We can accept vehicles that are almost paid for, but we prefer lien free titles whenever possible. If your title needs to be updated and you have the lien release, you can take the lien release to your local motor vehicle department to obtain a lien free title for loan purposes.
To sign a contract, approved borrowers have to be at least 18 or older. You may use your AR driver’s license to confirm you meet this requirement.
Vehicles Used for Collateral
Regardless of the age or the type of vehicle submitted for collateral, you must have a car or truck, which is drivable to meet requirements.
What Is a Secured Loan?
Vehicle title loans in Bentonville are secured loans, which normally come with a 30 day repayment period or longer. Secured loans help to reduce the likelihood that borrowers will default on their loans, so lenders take on less risk when lending money. So, to secure a loan against the car title, we place a lien on the vehicle.
Don’t worry, you are still free to continue driving and using your vehicle during the loan period. After the loan is repaid, the lien is removed. Titles are then returned to the borrower.
Where Do I Apply?
You can apply for title loans in Fayetteville and surrounding areas using our short online application. You’ll need to submit:
- A mileage estimate and the age, make, model and body style of the vehicle offered as collateral.
- Applicants applying for title loans in Bentonville must also provide their full name, zip code and a phone number where we can speak about your loan options.
If benefits like upfront loan estimates, no credit checks, competitive interest rates, professional services, easy applications and fast payouts sound good to you, check out title loans in Bentonville today.