Car Title Loans in Chester, PA
Failing to prepare is preparing to fail. That is often the case with finances. About a third of Americans have no money set aside for emergencies, which means if something unexpected happens that costs money, it could be a problem. Maybe the house suffers damage, and there’s not enough in the account to cover the insurance deductible.
Sometimes, it’s a medical emergency or loss of a loved one that pulls on your wallet. Whatever the reason, there is an easy way to make up for a cash shortfall. Just apply for a loan against car.
What are Chester Title Loans?
Title loans Chester are an alternative type of personal loan. They differ from conventional loans in a few key areas, including the time it takes to process and receive the money. Most title loan borrowers have their cash in less than a day. Other differences are that title loans have limited paperwork and fewer requirements. And, there is no credit check.
Title loans are structured around vehicles used as collateral. An applicant puts up their car, truck or SUV for the loan and gives the title paper to their lender. When the loan is repaid, the title is returned to the borrower. Anyone who is at least 18 years old and has a government-issued identification can apply for title loans in Philadelphia and Chester. They must own the car they’re putting up against the loan, and the title should be clear. Applicants need money to afford loan payments. If they don’t work, another source will do, such as retirement or disability benefits.
Applying for Title Loans in Chester
Your name and contact information and the details about your vehicle is the only information required to complete an application for title loans Chester. Take a few minutes to fill it out online, which can conveniently be done from anywhere. As soon as you get it to us, we’ll get you a loan estimate. Processing the loan begins when you accept the offer.
It only takes a short time to explain how title loans work so that you are clear on everything, but you also get to ask questions if you are confused or concerned about anything. During processing, we get more information about the condition your vehicle is in and the source of your income. A payment plan is set up and plans are made to get your title certificate and get you to sign a loan agreement. Before the day is over, you will most likely have the loan money in your hands.
Pennsylvania does not allow title loans, but they are available across the state line in Delaware. With an original loan term and loan roll-overs, borrowers get up to six months to pay off the debt.
Lenders must provide a written account of how title loans work and the consequences of not paying the loan off. Borrowers can cancel the loan within one day of accepting it by returning the cash.
Best Parts of Title Loans
- Easy money. Applications are short and can be done in minutes. Processing is fast, and you will likely get the money in less than a day.
- There is no credit check. Mainstream lenders use credit checks to approve or deny loans, but title lenders use vehicle collateral. Bring in a car, truck or other vehicle, and you probably qualify for title loans in Chester.
- Using the car for a loan doesn’t mean you have to do without a vehicle. We let you keep the car while making payments.
- If you can’t make all the payments by the loan deadline, there is an option to renew the loan so you get more time.