Title Loans Westlake, Ohio
When you have exhausted all your options to make ends meet, consider getting a title loan in Westlake, or neighboring Cleveland. This personal loan alternative will get you up to $20,000 for your vehicle title, regardless of your credit type! Our licensed and trusted lenders will also give you same day approval, and cash instantly when you apply! We will also consider your capability of paying the loan off when it comes to the amount you get. To qualify for a title loan, you must be at least 18 years old or older to apply, and own your vehicle. To get a title loan estimate, submit an easy to follow form with us today!
How to Get Started
First, you have to apply for a title loan. This process is free and no obligation. To apply, submit a form that asks you about some basic information. Your name, phone number, vehicle make, year, model, mileage and style is all we need from our applicants. Shortly after, you will get a call from our loan representatives telling you about a title loan lender in Westlake who will give you a loan with the best rates! Just bring your:
- Vehicle title
- Proof of residency (Utility bill or government mail)
- Proof of income (Bank statements or pay stubs)*
- Photo ID (Driver’s License or State ID)
- And most importantly, your vehicle to the loan store!
*Some individuals who apply for a title loan may either be unemployed or self-employed. Good news is, our lenders do not discriminate against their applicants regardless of their occupation. You must simply bring in other forms of records stating you receive some sort of reliable income every month and our lenders will accept it!
How the Vehicle Title is Used in Loans
Most lenders will often use some sort of security to make sure you will pay the loan back. With banks, the most common type of security is your credit score. However, pre-determined credit requirements can stop you from getting a loan, or a fair rate. More often than not, individuals who have credit that is considered “poor,” lower than 650, will receive a loan with high interest rates that makes it nearly impossible to pay the bank back. When it comes to Ohio title loans, your credit score is essentially replaced by your vehicle title.
You will temporarily exchange your title to the lender when you receive the loan. What they do next is place a lien on your title. A lien is just a mark stating that this item is being used as security and will be removed once the loan is paid off. Your lender will either mail you the title back or you can pick it up in person after the payments are complete.
When it comes to this loan, early payments, or making them on time is important. When you miss a payment, or even submit a payment past the due date, your loan may be declared defaulted by your lender. This event can lead to vehicle repossession. To avoid this, you may file for Chapter 13 or Chapter 7 bankruptcy, or pay the complete amount off by the date determined by the lender.