Title Loans in Canutillo, Texas
Competition for good paying jobs in the small community of Canutillo, Texas is fierce. Many of the folks living in this area only make minimum wage, which isn't much help when appliances, heaters and air conditioners begin to need repairs. Luckily, you can count on Loan Cheetah for fast cash when things get rough financially. If you have a working automobile, a lien free car title and some sort of income, you could be driving away with the cash you need today. That is really all you need to qualify for El Paso TX title loans.
We use the equity in your car to finance a loan, which can be used for any purpose. We even offer refinance title loans to those who need financial assistance. You also don't have to worry about qualifying with your credit score. Our alternative financing bypasses credit checks all together. It doesn't matter whether you have a high score, no credit history, a previous bankruptcy or a low credit score. You won't be turned down because of credit. Whether you need money for rent, buying groceries or paying your taxes, you can apply any time using our short online application.
Helpful Information About the Application Process for Title Loans in Canutillo
You can apply for title loans in Canutillo over the phone or online. We require the following information to complete an application:
- Your full name, phone number and zip code.
- A mileage estimate and the age, make, model and style of your vehicle.
The Benefits of Getting Secured Title Loans in Canutillo
If you have never taken out a loan before or are unsure about the differences between a secured loan and an unsecured loan, you'll want to learn how they work.
A secured loan requires that the loan is secured with collateral such as a home, vehicle or a condominium. A lien is placed against the collateral, which could be sold if the borrower fails to meet the conditions of the loan. In our case, title loans in Canutillo are secured using a vehicle. Liens stay in place until we receive and post the last payment on the loan, which includes the principal and any remaining interest. Borrowers enjoy larger loan amounts and lower interest rates by securing the loan.
On the other hand, an unsecured loan does not require collateral. In most cases, since there is no collateral securing the loan, borrowers receive smaller loan amounts and higher interest rates to make up for the fact that there is no collateral securing the loan. Normally, unsecured loans require borrowers to pass a credit check for loan approval, which does not apply in the case of secured loans.
Getting a Clear Title to Meet Auto Title Loan Requirements
Besides owning a working vehicle and providing proof that you are at least 18 with a government issued identification card, you must also have a clear title. A clear title indicates there are no liens issued against the vehicle by a creditor, bank or other lien holder. The majority of our borrowers already have a lien free title, but there have been some folks that never received their lien releases or simply forgot to update their paperwork.
So, if you know the vehicle has been paid for in full and never received a lien release, you'll need to contact the vehicle lender to have the lien release mailed to you. If you need to update your car title, you simply take the lien release to your local Motor Vehicle Department to exchange it for a clear title.
Title loans in Canutillo always include professional services, complimentary loan quotes, competitive interest rates and fast cash.