Title Loans in Hamilton, OH
You were laid off without warning and the bills are piling up fast than you can pay them.
You were in an accident that gave you worker’s leave and now you don’t know who will pay all the bills.
You were unprepared for a family emergency and you are wondering who will manage the finances.
These situations are all too common. For those who can identify with one or more of these situations, the stress can be unbearable –not to mention, society doesn’t leave you many options to manage your financial crisis. It’s a cruel world and money matters can make it even crueler.
So what do you do?
Run to the nearest bank and hope they have changed the mountain of requirements needed to get a loan?
Ask your job for another pay advance only to find out you’ve used up all of yours already?
Call a friend or family member for support again?
For many of you, these options are not feasible and some of them have, quite frankly, already been tried without much success. So where do you go for help? Who will give you a solution that you haven’t already explored or at least a solution that gives you some independence?
It’s quite simple, really. Title loans are the ideal solution for any of these situations. Title loans are for those who can’t get support anywhere else. Title loans are the answer to many unheard prayers.
How do title loans work?
Title loans are based on the value of the applicant’s vehicle. That means that a free car quote will be given for each car brought it; from that free car quote the applicant will learn how much value the vehicle has. In most cases, title loans give amounts equal to but not greater than 75% of the car’s equity. And it should be noted that newer models in good condition will earn a higher loan than most other vehicles.
What about my credit history?
Because title loans use the value of the vehicle to determine the loan amount, credit checks are not required. While some title loan offices run a credit check as a part of office protocol, the score will not be used against any applicant. Basing the loan on the vehicle’s value allows title loan companies to bypass the old credit score standard of loan applications.
How long will I have to wait?
The process is fairly simple. After the free car quote, you will meet with a title loan lender who will explain all the details of the title loan contract and, additionally, help you select the best payment plan for your lifestyle. Once you complete these steps, the final step is picking up the cash at a convenient location within 24-48 hours. Of course, that is the standard practice –in some cases applicants wait less time and in other cases more.
What documents do I need to supply?
The beauty of a title loan is that the paperwork is minimal. First and foremost, you must provide a car title. For owners, it’s easy –many will already have the car title in his/her possession or can easily get a new title at the DMV. For those who are near owners, meaning they have almost paid a car off, car payment slips must be gathered and presented to the title loan office. Besides that crucial item, the only other requirements are a filled-out title loan application and a valid photo ID state or government-issued proving an age of at least 18.
For inquiries about any title loan company working throughout the state of Ohio, visit the BBB website here.