Title Loans Berlin, New Hampshire
Sometimes you have a good news bad news situation, and you need help to make it a win-win situation. For example, the good news could be that you got a promotion or a new job. The position is better and so is the pay. The bad news is that your wardrobe is fine for the job you have now, but moving up in the ranks means you needs better clothes. While you would love to go on a shopping spree, there is just no money in the budget for that right now. The new job starts soon and you need to find a solution to the problem. Have you considered title loans Berlin?
Title Loans Berlin
Online title loans might sound off if you have never gotten one, but title loans are simply using the equity in your car to secure a personal loan. People get them every day to pay for unexpected expenses and for things they need but can’t afford at the moment. The initial requirements for Platinum Lending are simple; be at least 18 years old and own a car that has no liens. After that, if you have a source of income, the loan is almost approved. Getting the money usually takes only a day or so.
Applying for Title Loans Berlin
Title Loans Berlin applications are simple. Just type in the following information about the car and yourself.
- Car make, model, year, mileage and style
- Your name, zip code, email address and phone number
After completing the short application for title loans in New Hampshire, a loan agent calls you to discuss the loan. They answer any questions you have, set up a repayment schedule and let you know when to pick up the money. One thing you won’t need to deal with is a physical inspection. Platinum Lending offers online title loan no inspection for all customers.
Legal Statutes in New Hampshire
- Can loan a maximum of $10,000
- Must be licensed through the state Bank Commissioner
- Must set loan terms at no more than one month
- Cannot grant title loans to people who have or have had another title loan within the last 60 days
- Must have an office in the state
- Can renew title loans up to 10 times
- Can cancel a title loan within one business day of accepting the loan. Borrower must repay the entire loan amount in cash as the time they cancel
Benefits of Title Loans
Since your problem was a lack of money, getting funds in a hurry has to be the best benefit. But, there are many more. We’ve already detailed how quick and easy the process is, but can you imagine trying to accomplish the same loan process at a bank? It would never happen. Title loans are the easier route to fast money because all you need is a car to secure the loan. Another great thing is that the lender doesn’t keep the car, just the title. That way you stay behind the wheel going about your business while you repay the loan.
Not having your credit checked is practically unheard of in the lending industry, but with title loans, there is no need. You don’t have to worry that your credit score might be too low to qualify for funding. On the other hand, a low score could get you denied for a loan at a bank. Plus, anytime a financial institution checks your credit, it potentially lowers your score by three to 10 points because credit bureaus view applying for new credit as an indication of higher risk. That’s something you never have to worry about with title loans.