Title Loans Delaware, Ohio
When you are desperate for money fast, a bad credit score can hinder you from getting a traditional loan from your bank. You probably don’t want to ask your family for a loan, and getting an advance on your paycheck is usually an option most people don’t have. Title loans in Delaware, Ohio can be the answer many are seeking. The title loan company will look at the type of vehicle you are using as collateral and find the wholesale value of it. You will then be given a quote based on the worth of the vehicle. Most vehicles are eligible for a loan, as long as you own them outright, as the title loan company will hold the title as collateral for the loan. Cars, SUVs, trucks, vans, recreational vehicles, motorcycles, and race cars are different types of vehicles that can help most borrowers get a cash loan quickly and effortlessly. Online title loans are similar to payday loans in that you do not need a good credit score to get a loan, and you will be given a set period in order to pay it back.
Why Apply for Title Loans Delaware, OH?
There are a plethora of reasons customers decide to turn to a title loan company for a loan. As mentioned before, credit history does deter many individuals from getting a loan from their bank. Title loans in Ohio do not expect users to undergo any sort of credit history check. If you have a vehicle repossession or a bankruptcy on your record, you will still qualify for a fast title loan. Bad credit collateral loans are very easy to apply for, as the company will only need minimum data from you. This includes the make and model of the vehicle you are using, the mileage on it, your name, zip code, and contact information. After they obtain this information, borrowers will wait for a phone call from the loan representative. A title pawn estimate will also be provided to give you an idea of how much your car is worth as a loan.
Easy Money with a Title Loan Today
Many borrowers speculate how to get a title loan without a job. It’s quite simple! You only need to own your vehicle and have the title to it to get title loans in Columbus. You do not need to give out any information concerning employment, or your lack of. You can also use the loan for anything you want, as you do not have to provide the company a reason for needing the loan. Some reasons borrowers need cash quickly for are:
- School loans
- Overdraft fees
- Rent
- Mortgage
- Prescription costs
- Funeral costs
- Baby needs
- Utility bills
The list goes on and on. Some borrowers simply borrow some cash to supplement their oncoming vacation or shopping trip. As long as the loan is paid back on time, the borrower will always keep their vehicle.
Laws Regarding All Title Loans in the State of Ohio
There are laws set in place by the state of Ohio to ensure lenders do not take advantage of borrowers looking to take out a title loan. The Short-Term Loan Act states the following regarding title loans:
- All loans have a 31-day term
- All loans have a 28% APR cap
- Borrowers can only take out four loans a year
- Only $500 can be borrowed at a time
Title loans can be a blessing in disguise for many people who are short on money and can’t wait until payday rolls around. These short term loans are perfect for fast cash in Ohio when you can’t get money elsewhere.
