Best Loan Options: Title Loans In Brick, New Jersey
Sometimes, you will find yourself in a situation where you need to come up with some money really fast. If you don’t have money saved, cannot ask friends or family and have bad credit, then you will be wondering how you are going to come up with the money you need. No matter what the money is needed for, a title loan is a great option for those borrowers with credit that isn’t great. Most lenders of auto title loans in Brick will not require a credit check to get approved.
Auto equity loans taken out on your car title are short-term and secured loans. They are offered with your car’s title being put up as collateral to secure the loan. To be approved, the lender will put a lien on your vehicle’s title until you are done paying the loan back. Once you have successfully paid the loan back, the lender will remove the lien and your title will be clear again. However, if you don’t pay back NJ title loans in full, lenders are able to repossess the vehicle and sell it to cover the amount left on the loan.
Application Process For Brick Title Loans
It couldn’t be easier to apply for an auto title loan here at www.platinumlendingltd.com. It won’t take too much of your time and you will be able to get your funds as soon as one business day from your application being approved. There is only a little bit of information required to submit an application. All that is needed is your full name, your address and zip code and a contact number. As for the vehicle being put up as collateral, you are going to need to give the lender its year, make, model and mileage.
After finishing the application and submitting it, you will get your free loan quote. If you are satisfied with the quote, a friendly loan representative will contact you at a time that is best for you to discuss your loan terms. Once you have squared the loan terms away, you will receive your loan funds in as soon as one business day.
Laws About Title Loans In Brick
There are many laws and regulations that regulate how vehicle title loan lenders can do business. They have to follow the laws in order to legally offer the loans. Every law regarding title loans are set into place to protect borrowers from bad lenders who try to charge more for a loan than they are legally allowed to do so.
In New Jersey, lenders may not charge more than 25% for an auto title loan and the term cannot be more than three months.
Benefits: Why Use Title Loans
- No Credit Check- Most lenders of car title loans don’t require borrowers to submit to a credit check in order to get approved for a loan.
- Quick Cash- A title loan application can be completed and submitted in one sitting. Also, once the application is approved, you will receive your loan funds direct deposited into your bank account in as soon as one business day.
Auto Title Loans Vs. Other Similar Loans
When you don’t have great credit, a title loan is your best chance at getting fast cash. Other loans such as payday loans and cash advances come with really high interest rates and repayment terms that are only a week or two long. Personal loans are a good option for quick cash. However, they are only available to borrowers with great credit.
Facts About Vehicle Titles
You will need your physical vehicle title in order to apply for a title loan from our site. Additionally, the title needs to be clear of any other liens on it. If you don’t have a title for your vehicle, then you can get a copy of it from your local DMV.