Car Title Loans in Glen Mills, PA
Losing a job is hard on anyone, especially when there is no severance package to help cover your needs until you start working again. If you have an emergency fund, things should be okay for a while. But, about a third of people don’t have anything set up for emergencies, and many of those who do have an emergency fund don’t have enough cash in it. There is a way to get more cash when you need it right away. Title loans Glen Mills can put money in your pocket within a day.
What are Glen Mills Title Loans?
Title loans Glen Mills are an alternative form of lending, but many people prefer them over mainstream loans. Title loans have short applications and fast processing, which allows most people to get their loan money within hours. Plus, there is no credit check. Applicants with bad credit won’t be denied because of their credit rating.
Anyone can apply for Glen Mills and Philadelphia title loans, but to be approved, you need to be at least 18 years old and have government-issued proof of identification. Qualified applicants must either work or get money through another source, such as unemployment benefits. This is required so that lenders know the borrower can afford to make loan payments. Having a vehicle to use as collateral is the main requirement. Applicants must own the car, motorcycle or SUV they put up for the loan, and the vehicle title should be clear.
Loan amounts are based on the value of the vehicle used for the loan. After approval, the borrower gives the vehicle title to the lender. This is returned after the loan is paid off.
Applying for Title Loans in Glen Mills
In a few easy steps, you can get the money you need. Just complete the application for title loans Glen Mills. Get it to us, and we’ll get you a title loan quote. The application is simply a few details about your vehicle, your name and your contact information. You’ll be finished in minutes.
Accept our offer, which is based on the value of your vehicle, and loan processing starts right away. Finalizing your loan includes explaining how title loans work so that you understand everything and setting up a repayment plan that works for your budget. We do need a few more details about your vehicle’s condition and your income. At some point, you need to turn over the vehicle title to us and sign a loan contract. Once we’ve finished everything, you can take the money, which will probably be the same day you apply for the loan.
Title loans are not allowed in Pennsylvania, but residents can get them in nearby Delaware. Loans can be renewed for up to 180 days pay-off time. Interest rates vary. Borrowers can back out of a loan if they return the money within one business day, and lenders may not penalize the borrower for doing so. Borrowers must be shown in writing how title loans work, including the lender’s right to repossess the borrower’s vehicle if the loan is not repaid. Before repossession, the lender must offer the borrower a work-out plan to bring the loan current.
- Short application.
- Fast processing.
- No credit check, which means bad credit won’t result in your loan being denied.
- Loan terms are flexible. If you need more time to pay off the loan, ask about a renewal.
- You get to keep your vehicle during the loan term.
- Interest rates are competitive.
- Title loans allow you to get money easily without having ask friends and family for help.