Title Loans Alabama from Loan Cheetah
When you're in the midst of a financial emergency, the last thing you want to do is worry about how you're going to get the cash to pay for it. A flooded basement can cause an avalanche of problems, from destroyed belongings to mold. If your car has been towed due to parking fines, the cost to get your car back will multiply by the day. Getting cash in hours is the best way to get ahead of your financial emergency before it snowballs out of control, causing even more problems.
What Are Title Loans Alabama?
Title loans allow you to use your car as collateral, with the amount of the loan based upon the value of the car. With these loans, you can borrow as much as $10,000 for any purpose. When you apply for a title loan, the lender will hold onto the title until the repayment period has ended. At this point, you receive your title back, free of liens. During the time that your loan is in the repayment period, you can drive it as normal. You will not be able to sell the car during the time that you are in the repayment status.
The amount that you can borrow is determined by the value of your car. In general, lenders conduct an appraisal that takes into account the condition of your car and its value. In many cases, lenders use the Kelly Blue Book value to determine how much to lend. Some lenders will loan up to half of the resale value of the car, while other lenders will offer more. The best way to find out exactly how much of a loan you can get is to fill out a short application and provide information about the vehicle that you are using as collateral. From there you will get a car title loan quote that is tailored for your individual application.
You can use a car, truck, motorcycle or other vehicle as collateral for your loan, as long as you have a clear title that is free of liens. While your loan is in repayment, you can continue to drive and make repairs to your car. The only restrictions are that you will not be able to sell or trade your car while you are in your repayment period.
You can even get a rebuilt title loan. If your car is paid in full, you can use it to get cash in a hurry. When your loan term is up, you can choose to pay off the balance of the loan or roll it over into a new loan. Title loans are some of the most common types of secured loans, and several states allow borrowers to take advantage of their convenience. If you are looking for title loans Alabama, you will find that there is a loan that works for you.
While some companies only offer auto title loans in person, you can also apply for title loans online. With a short application, and a few proofs of identity and income, you can get cash in your bank account without ever leaving home. Our auto title loan company serves borrowers from all over Alabama and other states.
How to Get Title Loans Alabama
Getting your title loan in Alabama is simple. Unlike traditional lenders, you do not need perfect credit, high value assets or a high paying job in order to get a loan. There is no detailed application and nothing to fax. In many cases, there are no credit checks in order to get approved for a loan. Even if you have less than perfect credit, you can still get cash in your bank account in as little as 24 hours.
Requirements for title loans Alabama are simple. You must be 18 years of age or older, have valid government identification and have an active checking account. You must be able to demonstrate the ability to repay the loan. This means that you can use your pay stubs from work, bank statements showing regular deposits and other sources of self employment income. If you receive payments from alimony, unemployment, child support, disability or Social Security, you can use that as a form of income to qualify for the loan.
The Application Process
The application process is simple. First, fill out the simple application and give us basic information about yourself and your car. From there, we will conduct a vehicle appraisal that we send to our network of lenders from around the country. These lenders will compete to give you the best possible loan. Within minutes, you will receive quotes from between three and twelve lenders.
Once you have gotten your vehicle appraisal and loan quote, you will accept the offer that works best for you. When you accept your offer, you will be given information on repayment and other loan terms. We also follow all state regulations on title loans, and we will provide you with the necessary disclosures as required by law.
After you have chosen your lender and your terms, a friendly representative will call you to finalize your application. You will provide us with checking information and we will send the money straight to your account. Most borrowers get their funds within 24 hours.
Who Uses Title Loans?
There is a range of borrowers who use auto title loans for all of their financial needs. Some people use their high-value classic cars to get loans for upgrades, while some small business owners use title loans to purchase equipment, advertise and put on events. Others use auto title loans as a means of emergency funding, using the money for car repairs, pet care and home emergency maintenance. Other people get title loans, pay them off, then renew them month after month in order to meet ongoing needs. While most people use them for one-time emergencies, you can use your title loans for any purpose you need.
Title loan borrowers have a range of credit scores and income levels, and work in a variety of industries. They live in cities and towns across Alabama and other states. Many have credit issues that make getting traditional financing a challenge. They are often tired of being rejected for credit and happy to have auto title lenders available that will meet their borrowing needs.
Why Loan Cheetah for Title Loans in Alabama?
There are many title loan companies that offer short term loans, but few that offer the level of service of Loan Cheetah. Our application is one of the shortest in the industry, and we work with lenders that approve borrowers of all credit profiles. When you work with us, we work together with you to get you the most money for your car. We respect your privacy and we keep all of your information confidential.
When you need money quickly, you shouldn't have to wait. With an auto title loan, you can have cash in your checking account in as little as one day. Whether you are looking for a few hundred dollars to get you through until payday or $5,000 for a security deposit, you can count on us to get you the loan you need. Fill out your Loan Cheetah application today.