Title Loans Rochester, New Hampshire
Most people who fall short of cash do so because they overspend or miscalculate how much money they have available. Perhaps, if they made a budget and stuck to it they would not run out of money. Perhaps. Perhaps not. Most people don’t live by a budget and are unlikely to start just because they can’t make ends meet occasionally. Besides, a budget works great until something extra comes up that requires more money. If you have an emergency fund, you can just dip into that money, but most people don’t have an emergency fund. So, now what? Finding extra money in a hurry is not always easy, unless you know where to look. An amazingly easy solution to money problems is one that most people have not considered; Title loans Rochester.
Title Loans Rochester
Title loans are secured loans. That means something, in this case the borrower’s car, is put up to secure the loan. Lenders are not taking a risk by lending the money because they get to keep the car if the borrower does not repay the loan. Of course, no one wants to lose their car, so borrowers are very likely to repay the money.
Applying for Title Loans Rochester
There is nothing special about the application process for Platinum Lending. If you own a car, you’re practically guaranteed to get title loans Rochester. We just need to know the make and model of your car, as well as it year, style and mileage. Tell us who you are and how to get in touch with you, and we give you an auto title loan quote. That takes a couple of minutes, and then we call you to talk about the loan so we can set up a payment schedule and tell you when to pick up the money. It really is that simple.
New Hampshire Laws
Anyone considering a loan against car title can be certain their rights are protected under New Hampshire law. State laws requires title lenders to be licensed by the Bank Commissioner and they must have a physical office located in the state. Loans can be granted for up to $10,000 but the law limits the repayment schedule to 30 days. However, it does allow borrowers to renew their loan up to 10 times if they need more time to pay it back. Borrowers have the right to cancel the loan within one business day by repaying the lender entire loan amount in cash.
Title loans in Manchester and Rochester are beneficial to anyone who needs money fast. Because there is no credit check involved, everyone can apply for a title loan and are likely to be approved. Because the process is streamlined, meaning no excess paperwork or requirements, borrowers usually have their loan money in about a day.
Keeping the car is a huge benefit to borrowers. Lenders hold the title, but there is no need for them to keep the car and put the borrower in the position of having to find a ride to and from work, school and other places.
Applying through Platinum Lending is less stressful than going to a bank or other traditional lender, which would take more time and require more paperwork. It is also very likely to end in a rejection for people with bad credit. Title loans are also less costly than other small dollar loans, such as payday or cash advance.
Title loans are an easier and faster way to get money than trying to get another job or more hours at work. It’s also easier and faster than selling or pawning valuable belongings.