Title Loans Strongsville, Ohio
When you need cash in a pinch, a car title loan is there to help you out. It’s never been easier to get the money you need when you need it. As long as you have a clear car title with no liens against it, you can get a loan in just a few minutes that will put cash in your hands in just a few hours.
Title loans are a type of short term collateral loan that allows you to use your vehicle’s title paperwork as security for the amount you borrow. By securing your loan with your car’s paperwork, you can cut out things like lengthy application processes. In fact the title loan quote is calculated immediately upon the application. That way, you can have your title cash quickly for immediate or unexpected financial needs. Best of all, you keep the car. Your lender just hangs onto the paperwork.
Title loans are designed to help you take care of those pressing financial needs when they first hit. The loans are usually for a few hundred to a few thousand dollars, and will generally last no more than a few months. That way, you have some time to let a paycheck hit the bank or come up with some longer term financial plans.
Getting Title Loan Ready
You don’t give up your car when you get a title loan, but because so much of the loan is dependent upon your vehicle, it helps to make sure you have all of your paperwork in line before you begin. The Ohio Bureau of Motor Vehicles can help you take care of that. Using their online services, you can:
- Get a copy of or replacement for your car title
- Renew your registration
- Renew your license
- Update your address
- Take care of any outstanding fees against your car
Ohio Loan Regulations
When everything is lined up with your car, you are ready to get started with your Ohio title loan. Before you borrow, though, you should make sure that you are comfortable with your lender and loan, and that you understand what your responsibilities are as a borrower.
Start by making sure your lender is properly registered with the State of Ohio. Registered lenders are easily monitored to make sure that they are compliant with state lending regulations. More importantly, they are the ones making an effort to report in and protect borrower safety.
Just as important as finding the right lender is finding the right loan. When you get a title loan, you should also get a written loan agreement detailing your loan terms. Look over that agreement carefully before you commit to a loan. It should specify not only how much you will borrow, but at what interest rate, with what other fees included, and for how long. If a lender is not willing to disclose this information in advance, do not commit yourself to one of their loans. Instead, report them to the Consumer Financial Protection Bureau.
For help finding a loan that you know you will be able to trust, you can always reach out to us. Our team knows Ohio title loans inside and out, so we know where to find the right lenders for the right borrowers, Strongsville and Cleveland included. All you have to do is give us a call and we can match you with a title loan quickly and easily in just a few minutes.