Title Loans Dalton, Georgia
Automotive title loans are an effective alternative to a normal bank loan that lets you get the money you need fast and with a relatively short-term repayment schedule. These loans apply to practically any vehicle that has a title and has value, and even motorcycle title loans are available. Since you use the title of a vehicle as collateral, lenders do not take on considerable risk. That means that approval rates are exceptionally high and most title loans in Dalton can process in 15 minutes or less.
Compare this to the options that Cornerstone Community Bank on West Crawford and First Bank of Dalton on North Hamilton give you. Loan applications at these institutions can take a day or longer. You must meet certain standards, such as credit worthiness and income. Additionally, there may be unfavorable limits in play, such as a $5,000 loan minimum or a 90- to 180-day term minimum. This isn’t the case with title loans in Dalton. In fact, you can borrow $100 or even less and you can borrow for a period as short as a week and even have the option to repay early in order to reduce your obligation.
Title Loans Dalton: Securing Your Loan Online
Title loans in Dalton are available locally, but you can also eliminate any inconvenience at all by applying for and even finalizing your loan via the Internet. Platinum Lending is a leader in online title loans on the Web and just requires some basic information to get you started. You’ll need:
- The name on the title and zip code
- An odometer reading or mileage estimate
- The make, model, style and year of the car or truck
- A phone number and/or email address
The application takes just seconds, and you’ll receive a loan quote just as soon as you submit it. Then, you’ll be contacted by a title loan expert who can help you finalize your loan. He or she will even be available to answer any questions and discuss points about the loan that you’re unsure of.
Title Loan Regulations in Georgia
Georgia has laws governing title loans, and all title loans in Atlanta and throughout the state are overseen by the Department of Banking and Finance. This organization not only licenses lenders as a requirement of legal lending but continues to monitor their lending activity. During the first 90 days of a loan, Georgia limits interest to 25 percent of the borrowed amount per 30 days and limits charges to $10 per day. If the loan extends beyond 90 days, then at that point, the interest rate limit is reduced to 12.5 percent and the fee per day limit is reduced to $5.
How Title Loans in Dalton Can Benefit You
In many financial jams, title loans in Dalton are the best option. They cost less overall than other short-term options like payday loans, and there’s none of the hassle that comes with a bank loan. Since these loans are secured and the lender assumes very little risk, the requirements are very low. Bad credit title loans are common because your credit history is simply irrelevant. Likewise, your income, employment status, background and so forth simply do not matter. Additionally, you have the option to repay your loan as soon as you can in order to reduce your overall cost.