Title Loans in Georgetown, DE
Just what would it take to ruin a person financially? Not as much as many people think. Overspending is one reason, but it’s not always a situation where the person has poor money management skills. Studies show that medical costs, even for those with some type of insurance, are often so expensive that it sends many people into a money tailspin. One of the simplest ways to get more money when your finances have taken a hit is through title loans. Approvals are easy, and the money is usually given to borrowers in less than 24 hours.
What are Georgetown Title Loans?
Title loans Georgetown provide fast and easy money for people in need, especially those with a cash emergency. All you need is to meet a few qualifications, including being at least 18 years old and holding a government-issued form of ID. You also need a vehicle to use as collateral. Cars, trucks, motorcycles and other vehicles qualify. Just make sure you own the car you put up for the loan, and make sure the title is clear. When you’re approved for the loan, you’ll give the car title to the lender. After you repay the loan, you get the title certificate back.
The other qualification you need for title loans Georgetown is an income. Either through a job or another source, such as unemployment compensation or retirement benefits, you need to have enough money coming in to make loan payments. One thing you won’t have to worry about is a credit check. Title lenders rely on vehicle collateral, so you can have bad credit and still get a title loan.
Apply for Title Loans Georgetown
Within just minutes, you can complete and submit your application for title loans Georgetown. Besides your name and contact info, we only need the make, model, style, year and mileage of the vehicle you’re putting up for the loan. We will give you a loan estimate, and start processing right away. This includes answering your questions, explaining how everything works and setting up a repayment plan. Processing also includes arranging to have you sign a loan agreement and turn in your title certificate. Because everything goes fast with title loans, you could have the cash you need the same day you apply.
Delaware law allows title loans a total loan period of 180 days, and this includes loans that are rolled over. There is no cap on interest rates. If a loan goes into default, the lender has the right to repossess the vehicle attached to the loan. However, before repossessing the vehicle, the lender must offer the borrower a workout agreement. Borrowers have 10 days to accept, and if they do, they must pay at least 10 percent of the outstanding balance each month. Lenders can repossess vehicles when the borrower defaults on the workout agreement. A lender may not threaten legal action to recoup a delinquent loan balance.
Applications are short enough to finish in minutes. Processing is fast enough to wrap up in less than a day. With this streamlined efficiency, you can get the cash you apply for in 24 hours or less.
You can get a title loan without a credit check. Mainstream lenders use credit checks to determine which applicants get a loan. Title lenders believe your vehicle is valuable enough to secure the loan, so even people with poor or bad credit are easily approved for a Delaware title loan.
You can get a title loan without insurance. The car is still valuable enough to secure the loan, so approval is no problem.