Title Loans in Bartlesville, OK

There are many reasons to choose to take advantage of a title loan that allows you to use your vehicle as collateral on financing. Remember that this is a unique type of loan. As such, it offers some unique benefits you won’t be able to enjoy from any other type of loan.

If you’ve had trouble in the past getting approved for a good loan because of credit issues. It’s time to explore title loans. You can be aware of the following to take full advantage of the financial resources available to you.

Bartlesville Title loans: Exactly how the process works

As with just about any type of loan out there, it will be necessary to apply in order to get out a loan. However, it’s good to know that the application process is simple and doesn’t require the applicant to meet very stringent requirements.

Our application requires the applicant to provide us with some basic background details regarding the applicant’s identity and employment status. While the applicant doesn’t necessarily have to be employed to be approved, we do like to know what type of income and employment background the applicant has.

Next, some important details are required in the applicant’s application on his or her vehicle. The vehicle is held as collateral on the loan, so the vehicle’s value is a highly important factor. Details we need about the vehicle are its age, how many miles it has on it, and what make and model it is.

State laws that are important to understand with title loans in Bartlesville

Every state has certain laws dictating the terms of title loans. Knowing what these laws say exactly is definitely a good idea if you are considering a title loan product to help you in your situation. Tulsa title loans are limited in terms of their maximum amount by state law. They should not be made for more than $500, so this keeps them more affordable. It’s also work noting that the loan term is limited on this type of loan to 45 days, and the maximum permissible interest rate is limited at 30 percent.

The key benefits of this type of loan for Oklahoma residents

There are special advantages afforded by this type of loan, and these advantages are what convince many people to take out title loans without proof of income and vehicle collateral. Below are five major advantages of title loans available to residents of Oklahoma:

• Credit requirements are lenient- A low credit score is often a huge obstacle to a loan. This is not typically the case with a title loan because the vehicle is held as collateral.
• The application process is very quick and easy- There is nothing more convenient than applying for title loans in Bartlesville. It can be done online in only minutes.
• Employment is not necessarily a requirement- While a job is typically required for most types of loan, this is not really the case with the alternative title loan industry.
• Loan amounts are low so loans are more affordable in many cases than traditional loans- It’s good to know that you won’t have to get in over your head with title loans in Bartlesville. State regulations make it so that loan amounts are kept low minimizing interest charges.
• One can continue to use one’s vehicle- You don’t have to give up your vehicle to take out a loan. You just submit your title and you get continued use of your vehicle throughout the life of the loan.