Title Loans in Edmond, OK
If you are like many people, you may be worried about how you are going to pay your bills or stressing over an unexpected expense. Whether it’s an electric bill you can’t pay or you need to make necessary home repairs, we can help at Platinum Lending. We specialize in providing title loans that are easy to qualify for and are not dependent upon having good credit.
Not sure how a title loan works? Let us explain. With a title loan, you do not need to have any other collateral besides the title to your vehicle. That’s it. We accept the title to your vehicle as collateral for your loan and do not run a credit check. This means that you can borrow the money you need to handle your finances without worrying that your application will be rejected because you have a low credit score or too much debt.
By applying for title loans in Edmond, you can take care of your financial needs quickly and easily. We can even offer you a fast lending decision and fund your loan within one day, if you are approved.
Steps for Applying for Edmond Title Loans
There is no need to worry that the application process is complicated. We know how urgent financial matters can be. Our online application is ideal for consumers who are in a hurry and need to know right away whether they are approved for a loan. If you have a few minutes, you can complete our online application.
To get started applying for title loans in Edmond, begin by entering your name and a good number where you can be reached. We will also need the number of miles on your vehicle as well as the vehicle make and model. This information will assist us in determining your estimated loan amount.
Title Loan Regulations and Requirements
If you are looking for information about a title loan with no insurance, we may be able to help. Our goal is to provide our customers with the most comprehensive information about title loans possible so they can make an informed borrowing decision.
You should be aware that our only requirements for title loans is that you must have a steady source of income. Under state guidelines, you must also be at least 18 years of age and have a clear title to your vehicle.
Why You Need a Clear Vehicle Title
When applying for an auto title loan, you will need to have a clear title to your vehicle. This means that you cannot have any liens currently against the vehicle. A lien means that someone else has at least a partial ownership to the vehicle. In most instances, this is a lender. We cannot accept a vehicle as collateral for a loan if someone else has any ownership to the vehicle.
If you do not owe any loans on the vehicle, but the title is still showing there is a lien on it, you will need to have that cleared before we can process a vehicle title loan.
How Title Loans Differ from Other Loans
When applying for Oklahoma City title loans, you should also be aware that an auto title loan is not the same as a payday loan. With a payday loan, you are limited to how much you can borrow based on how much money you earn. A car title loan amount is based on the value of your vehicle. You may also have longer to repay a title loan.
