Title Loans Cleveland, Ohio
It’s hard to foretell the future. If most of the time you are financially well off, you can’t be sure that the same thing will be true all the time. It is certain that you have gone through times when you don’t know where to get the cash you urgently need. When you find yourself experiencing the latter, it is good to know where to access title loans Cleveland.
A Primer on Title Loans Cleveland
When you immediately need cash for whatever purpose, your best recourse is to get hold of a lender that offers title loans in Ohio. These types of loans are easy to get and easier to process compared to loans offered by commercial banks.
A title loan is secured by the title of your car. To be able to qualify for the loan, your car must be free of any liens and judgments. And then you only need to prove your capacity to repay the loan amount.
One good thing about title loans Cleveland is that you can get your money in as little as 24 hours. Therefore, it is the best answer to your urgent need for cash. And depending on the value of your car, you can apply and get approval for several thousand dollars.
How to Apply for Title Loans Cleveland
Get your financial worries behind you by applying for a title loan at Platinum Lending. The steps are very easy to take. Here’s a simple guide:
- Go to the ‘Apply’ button and wait for a drop box to appear.
- From here, you will go to a page wherein you need to fill out an online form.
- Supply the information needed regarding your vehicle. Review and make sure that you enter the correct data in order to get a right quote.
- Next, type in your personal information. Again, recheck especially your phone number as you will be contacted via a phone call by a loan expert regarding your application.
- Check the box confirming that you want to get a quote.
- Read the Terms and Conditions and then check it as well.
- Submit the online application form and wait for the title loan quote to be sent your way.
- A customer assistant from the company will also call and walk you through the whole process up to the release of your loan.
Cleveland Laws Regulating Title Loans in Ohio
It is also wiser to get to know the laws that regulate title loans in Cleveland, Ohio for you to be on the safe side.
Governor Ted Strickland signed H.B. 545 in 2010 which repealed the Check-Cashing Lender Act. It was replaced by the Short-Term Loan Act. The following provisions were instituted by this act:
- 31-day minimum term
- Maximum amount of $500 to be borrowed at one time
- A cap of four loans every year
- 28 percent APR cap on charges and interest regardless of borrowed amount
Benefits of Title Loans
You don’t have to hesitate in applying for a title loan with Platinum Lending. Just look at these benefits:
You get your needed cash in less than 24 hours
You will not be subjected to credit checks and credit investigations. This company offers you online title loans with no inspection.
The company will release your loan amount, but will not take your car although we will keep the title during your repayment period. You will still be able to drive it wherever you want to go.