Title Loans in Midwest City, OK
When you are facing financial troubles, you need to understand your options so that you can make the best decision about which borrowing option will best suit your needs. Among your options include title loans in Midwest City. At Platinum Lending, we understand how stressful financial difficulties can be and want to make the borrowing process simplified.
Among the best options for a fast loan is a title loan. One of the reasons a title loan is such a good option when you have an urgent need for cash is that you do not need to wait long for a lending decision. Additionally, you do not need to worry about passing a credit check. This can be ideal if you have less than great credit or if you just do not have any established credit. Approved applicants can also expect to receive their funds within about one business day.
To qualify for a title loan, you only need to show that you have a means of repaying the loan and a clear title to your vehicle. As long as payments are made on time, you will be able to continue using your vehicle.
How to Apply for Midwest City Title Loans
If you are not sure how to apply for title loans in Midwest City, we can help. Our online application was designed to make the process simple and fast. You can enter the required information in about 15 minutes. To receive a loan estimate, simply enter the make and model of your vehicle along with the current mileage.
We can then begin processing your title loan quote and schedule a time for you to speak to one of our courteous loan specialists about your loan in further detail.
Oklahoma State Title Loan Regulations
We want you to be as informed as possible about title loans, so we think it’s important for you to understand the state regulations that apply to title loans. We cannot legally process a title loan for you if you are not at least 18 years of age, so we may ask to see verification of age. Additionally, we cannot approve your loan request if you already have a loan, including a title loan, out against your vehicle.
We will need to confirm that you have a clear title. This means you will need to show us a physical copy of your vehicle title. If you do not have the title to your vehicle, you can check with the Department of Motor Vehicles about obtaining a duplicate title.
Advantages of Title Loans
Oklahoma City title loans can give you the opportunity to borrow money quickly with no hassles. Most people find that a bank loan is not a convenient option when they have an urgent need for cash. This is usually because either they do not meet the underwriting guidelines required for approval for a bank loan or it simply takes too long to receive a lending decision and have a loan funded.
With our vehicle title loans, everything can be completed within about one day. We also make the repayment process easy and flexible. For instance, if you wish to repay your loan prior to the due date, it’s no problem. We will not even charge any extra fees, sometimes known as prepayment penalties. You should be aware that if you fail to repay your loan, your vehicle could be at risk for being repossessed.
For this reason, if you experience difficulties in making your payments, we ask that you contact us to ask about refinancing your loan.