Title Loans Laconia, New Hampshire
Whether being laid off from work was expected or a complete surprise, not having a job is putting a strain on your finances. The landlord or mortgage company might be sympathetic to your situation, but they still want their payments. The same goes for the power, utility and phone companies. Sometimes these companies will give you an extension, but that won’t help very much if you don’t have money coming. While you look for work there is an option to help you get over the rough financial patch. Title loans Laconia are available, and just about anyone who owns a car qualifies. Even better, title loans Laconia are quick, easy, convenient and completed in about 24 hours.
Title Loans Laconia
Title loans have been around since the 1990s, used as way to get some quick cash in a hurry. People simply apply, use their car as collateral and get the money. Using their car as collateral secures the loan, which means lenders don’t need to run a credit check. Good credit and bad credit are the same when it comes to title loans; irrelevant. What’s required to apply for a title loan is that you are at least 18 years old and own a car with a clear title. You will need to have a source of income, but we are flexible about where the money comes from. Not everyone gets their money from a nine-to-five job, and we’re okay with that.
Applying for Title Loans Laconia
If you’re over 18, own a car and have about five minutes to spare, you can complete the Platinum Lending title loans Laconia application. It usually doesn’t take that long, but some people type slower than others. All we need to know is how many miles are on your car and its make, model, style and year. Tell us your name and how to contact you. Then, wait for your loan quote, which usually comes instantly. Then, expect a call from us soon thereafter so we can discuss the loan details.
New Hampshire Legal Requirements
- All title lenders must be licensed by the state to operate within the state. Lenders must also maintain an office within the state that borrowers have access to.
- Loans can be up to $10,000. Loan repayment time must not exceed one month for the original loan. Lenders can renew loans up to 10 times if a borrower wants to renew.
- Borrowers can cancel a loan within one business day. At the time of cancellation, borrowers must repay the loan amount in full and in cash.
- Lenders can make loans to people who currently have or have had a title loan within the past two months.
Online title loans are processed so quickly that the process itself is actually a benefit. Title loans in Manchester and Laconia are applied for and paid out in as little as one day. Sometimes it takes a few days, but it’s still an accelerated process compared to other types of loans.
Title loans have lower interest rates than other non-traditional funding, such as payday loans. Even though the terms are short, borrowers have the option of renewing the loan so they have more time to pay it back.
One benefit of loan against car equity is that it is practically a given that you will be approved. Your car is collateral, making this a secure loan. That means the lender is not taking a risk like they would with an unsecured loan. For lenders, there is no reason to deny a title loan application if the borrower own a car and has a clear title.
Of course, you do keep the car and keep driving while you repay the loan. All we need is the title.