Are you interested in applying for title loans in Oklahoma City but you don’t know what to expect? Title loans offer a convenient way to borrow money when you are facing a financial emergency. There is no need to be worried that you will not be approved for a loan because you have bad credit. We are able to approve many applicants despite their credit situation. Whether you have had a foreclosure, bankruptcy, or late payment; it doesn’t matter.
We do not check your credit report to determine whether you are approved for a credit loan. The way a title loan works is that you use the title to your car as collateral. Therefore, there is no need to come up with any other type of security. We are typically able to provide a lending decision right away and if your loan request is approved, we can fund it within approximately one day.
This ensures you do not have to wait for money, which can be advantageous if you are in a financial bind. Although vehicles can be repossessed if borrowers do not pay back their loans, you do not need to worry about this as long as you make your payments on time.
Applying for Oklahoma City Title Loans
When you apply for title loans in Oklahoma City, there are a few important tips you should be aware of. We know that when you need money quickly, there is no time to waste. Therefore, we offer an online application that allows you to start the application process without needing to come to our office in person. To begin your application, you will need to enter your full name and a telephone number where you can be reached.
Additionally, you will need to supply the make and model of your vehicle. This information will need to be supplemented by the number of miles on your vehicle. It is very important that you be as accurate as possible, as we determine your loan amount based on this information. If you are looking for online auto equity loans, we can help.
Legal Requirements that Must Be Met
While our underwriting guidelines are rather lenient, we must meet state guidelines for issuing title loans. Among those regulations is that you must be at least 18 years of age and the vehicle title must be in your name. We will also need to confirm that you do not have any outstanding loans on the vehicle.
Obtaining a Duplicate Title
In some cases, applicants may not have the title to their vehicle. This could be due to a number of reasons, including having lost or misplaced the original title. You will need a title in order to obtain a loan, but if you do not have the physical title, you can apply for a new one. This can be done through the Department of Motor Vehicles. You should be aware that there may be a fee to obtain a new title.
Advantages of Car Title Loans
Title loans are fast loans, but they do differ from other types of fast loans, including cash advance or payday loans. One of the main differences is that you do not have to repay the loan on your next payday. You can take longer to repay the loan, which can be more convenient and not present a financial hardship for you. Your car title loan can also be funded quickly, usually within one business day from the time you make your application. There are no restrictions regarding you the funds must be used.