Title Loans Bowling Green, Ohio
Have you ever been strapped for cash and needed some money in hand fast until your next payday or a bank check cleared? Most of us have been in a tight financial spot at one time or another, and title loans in Toledo and the surrounding areas are a great way to deal with those types of situations. Automotive title loans are secured loans that use the physical title from your car or truck as collateral. Since the lender is guaranteed repayment, these loans process within minutes and can be for small amounts.
Speed and amount flexibility is important. Consider your other options, such as the four major banks on Main Street: Fifth Third Bank, First Federal Bank, Huntington Bank and KeyBank. You may need money fast, but these banks may not even agree to a loan for discretionary purposes, and when they do, there can be loan minimums ranging from $5,000 to $10,000, and there can be repayment schedules with a minimum term of six months or more. With a car title loan, the loan amount can be as small as $100 or less, and the repayment term can be as little as a week or less.
Title Loans Bowling Green: How to Get Your Loan Online
Online title loans are arguably the easiest option. You’ll need a few things first:
- Year, make and model of your vehicle
- Any specific vehicle style or trim
- An odometer reading or estimated mileage
Once you have that information prepared, simply:
- Navigate to the Loan Cheetah homepage.
- Select the year, make and model of the vehicle.
- If applicable, select the style.
- Enter the estimated mileage.
- Click next if the form doesn’t automatically move forward.
- Enter your full name, phone number, email address and zip code.
- Check the Terms and Conditions box.
- Click the Submit button, and you’re done.
Loan Cheetah will provide you with an immediate response in the form of a title pawn estimate, which will give you an idea of the maximum loan you can expect to secure. Within a few minutes, you’ll receive a phone call or an email from a loan representative depending on the information you provided. The representative can discuss your options as well as answer any questions you may have, including how to get a title loan without a job.
Title Loan Legal Regulations in Bowling Green and Ohio
Title loans in Ohio are governed by both state and local laws, and the state is recognized has having some of the best consumer protection on the books in the Union. Car auto loans are short-term loans and therefore governed by the Ohio Short-Term Lender Law of 2008. The STLA states that:
- The loan amount maximum is $500
- Loan duration cannot exceed 31 days
- Interest rates cannot exceed 28-percent APR
There are also limitations on how many short-term loans you can take out in a specific period as well as restrictions on the methods collectors can use to collect on past-due loans. Additionally, you can be confident that anyone who provides title loans in Bowling Green is registered with the state.
Car Title Loan Benefits
Automotive title loans are among the best no credit and bad credit collateral loans in terms of the interest rates and options available. Most title loans don’t require a credit check at all, and the average loan processes in just 15 minutes. Furthermore, you have complete access to your vehicle throughout the loan term, and since loans are capped at $500 over 31 days, you can be confident that your obligation will be no more than about $16 a day.