Title Loans in Broken Arrow, OK
When applying for title loans in Broken Arrow, there are a few things you should know so that you can be an educated consumer. Title loans are sometimes confused with pawn lawns, but the two are different. The primary difference between a title loan and a pawn is that with a pawn, you must give up your vehicle until you have paid back the loan in full. We do not require you to hand over your vehicle. Instead, we allow you to continue driving your vehicle and set up a repayment plan for your loan against car.
To be approved for a title loan, you will need a clear title to your vehicle. The title will be used as collateral for your loan. Technically, you could lose the vehicle if you fail to repay the loan. We do try to work with borrowers to make payments affordable, however. Our online application can be completed in just a few minutes and approved loans can possibly be funded the same day or within one business day. There are also no credit checks involved with a title loan.
Application Requirements for Broken Arrow Title Loans
If you are interested in learning how to get a title loan without a job, we can help. We do not have employment requirements to approve applicants for title loans. When applying for title loans in Broken Arrow, you only need to show that you have a way of making your loan payments. This could be unemployment benefits, disability benefits, Social Security benefits, or some other type of income. To find out whether you qualify for a title loan, you can begin your application online. We can even provide you with a title loan estimate once you have supplied the make, model, and number of miles on your vehicle.
How Legal Regulations Apply to Title Loans in Oklahoma
We work to ensure our title loan guidelines are as easy to meet as possible, but we must still meet state regulations. To qualify for a title loan, you must be at least 18 years of age. You will also need to show proof of a clear title and that you are listed on that vehicle title.
How to Find Out If You Have a Clear Title
Not sure whether you have a clear title to your vehicle? First, it’s important to understand what a clear title means. A clear title is necessary to transfer ownership of a vehicle. If you have financed your vehicle and you are still paying on the loan, the lender would have a lien to your vehicle. This means the lender has some ownership in the vehicle. When there is a lien on a vehicle, you cannot use it to secure a title loan. If there is a lien on a vehicle, it should be noted on the vehicle title. Once a lien has been satisfied, which usually means paying off a loan, it is noted on the vehicle title. If you are still not sure, you can check with the Department of Motor Vehicles to find out whether your vehicle title has any liens on it.
Benefits of Title Loans
Tulsa title loans can provide consumer with many benefits, including the fact that they are not dependent upon having good credit to be approved. Additionally, you could have the cash you need as soon as one day after being approved for a title loan. You also do not need to be employed to be approved. We understand how difficult it can be when money is tight. We are here to help.
