Title Loans in Sylacauga, Alabama from Loan Cheetah
One of the first thoughts that people tend have when they need money and don’t have any savings is to take out a bank loan. But unfortunately, a bank will always run a credit check on their would-be borrowers. Not only can these take up to a week to complete, not everyone has the best credit score. Even a score in the “fair” range can cause most banks to turn you down for a loan. That is when auto title loans in Birmingham can save the day. You can easily apply for rebuilt auto title loans when you apply here at Loan Cheetah for the cash you need. The best part of title loans in Sylacauga is that you never have to supply your credit information to be approved. Even if you have bounced checks in the past, suffered a repossession on a vehicle or gone through a home foreclosure, you can still receive the money that you need. Loan Cheetah understands that even if you have poor credit, you still have the means to repay a car title loan.
What Do People Use Title Loans in Sylacauga For?
To answer that question, first consider the following: You are probably struggling to pay the bills you already have. More people than you can imagine live paycheck to paycheck, with no savings to fall back on in the event of a true emergency. So when one does occur, as they inevitably do, most people panic. They can’t get a loan from their bank, they either can’t ask family or friends for a loan because they don’t have it either, or they simply don’t want to. But an online car title loan is different. Title loans in Sylacauga allow you to borrow money using the equity of your car, truck, van or SUV to get a loan. Depending on the make, model and mileage of your vehicle, you can get a loan in the hundreds, to use for whatever you want.
This includes:
- Home repairs
- Another car payment
- Rent/Mortgage
- Credit card payments
- Other loans
- Groceries
- Clothes
- Utility bills
- Prescription costs
Some people take out a loan just to have extra cash until payday, or to use on a vacation. Best of all, you never have to relay the reason why you need a car title quote. Simply fill out the easy paperwork, which includes supplying your:
- Name
- Address
- Phone number
You will need to speak to a representative after you are given your car title loan quote. Loan Cheetah also needs to know the make and model of the vehicle you are using, the mileage on it, and the zip code you park it in.
The Legalities of Title Loans
All title loan companies in Alabama must abide by all rules concerning cash loans. This means that no one under the age of 18 may enter into a title loan agreement, even if they own their vehicle. All parties must be given a copy of the agreement, with clear and concise information regarding all fees and interest. The borrower must be given a document that states the amount of the loan, how much is due back, and when. If the borrower cannot repay the loan by the due date, the title loan company may offer them an extension, or roll-over, on the loan, giving them extra time to pay. All borrowers must hand over a hard copy of their vehicle’s title to the company to keep during the loan period. It will be returned after the loan is paid off in full.
