Title Loans in Benicia, California
If you have poor credit, then it can be hard to get approved for a traditional loan. A title loans Benicia company is a solution to your problem. It does not require a credit check or background check. You also can get your money very quick.
A Benicia title loan is a secured type of loan that uses a lien-free vehicle title as collateral. The title can be for a car, truck or motorcycle. When you accept title loans in San Francisco, you are allowing the lender to temporarily place a lien on your vehicle title. It means you are given cash in exchange for a lien-free title on a vehicle or motorcycle. You also have to give the lender a hard copy of your title. However, you get your title back after repaying the loan.
Many people are feeling the strain of financial difficulties. Financial strain can stretch your finances to the limit, which makes it hard to accommodate for unexpected emergencies. At this point, you will find yourself in need of some quick cash.
The advantage of title loans in Benicia is that it approves much faster than traditional banks and other lending institutions. This type of loan can be a lifesaver and incredibly convenient.
How To Apply For Title Loans in Benicia
If you want to obtain fast cash, then you have to fill out an application. Platinum Lending is one of the title loans Benicia companies that you can visit for a short-term loan.
You have to decide on the type of vehicle to use for obtaining the loan. Lenders accept online title loans for cars, trucks, motorcycles and semi-trucks. The complete application process can be done online for a loan against car. It asks some basic information about you and your vehicle. This information includes:
- Vehicle make
- Vehicle year
- Phone number
- Zip code
After submitting your application, you will receive an instant quote. You are also connected to an expert loan agent. He or she will walk you through the rest of the process and answer any questions.
What Are The Legal Regulations For Title Loans in Benicia Lenders?
Florida is one of those states that protect borrowers. In 2000, the state of Florida passed the Title Loan Act. The purpose was to regulate the amount of interest that a lender could charge. This Act also requires a written contract between borrower and lender before obtaining certain information.
This law allows a lender to charge up to 30 percent for the first $2,000 borrowed. If borrower gets an additional loan between $2,000 and $3,000, then the lender cannot charge higher than 24 percent interest. Loans over $3,000 are limit to an 18 percent interest rate. The written agreement should state your interest rate and the amount on loan.
The Benefits Of Title Loans
If you are married with kids, then an emergency can occur at any time. It can be really stressful when you do not have the extra cash. Most people do not want to ask their loved ones for help. The advantage of going to a title loans Benicia lender is that you do not have to explain the reason for the loan.
This type of loan is easy to obtain. You just need a working vehicle. The approval process is just that easy. The main benefit is getting your money within 24 hours.
Keeping your vehicle in your possession is another advantage. You only have to hand over your title to Platinum Lending. This allows you to have transportation and get the money that you need.
If you are someone who has a hard time keeping a job, then it is hard to get a loan approved. Vehicle title loans are suitable for people of all backgrounds. They can be approved without doing a employment or credit check.