Title Loans in Daphne, Alabama from Loan Cheetah
Unexpected emergency expenses can wreck your monthly budget. If you are experiencing stress associated with money problems, Loan Cheetah can help you get access to car title loans Daphne in minutes.
We have one of the fastest loan approval processes in the industry, and we have provided easy title loan cash to many customers near Daphne and Mobile. We can help you if you have a clear title and a regular source of income.
How Are Title Loans Daphne Used
Customers often seek the assistance of title loan companies when they have an immediate need for cash. Title loan money has been used to help customers get through various hardships including:
- Utility Bills
- Personal Loans
- Emergency Home and Auto Repairs
- Education Expenses
The fact is you can use car title loans in Mobile to pay any expense. Our representatives will not tell you how to use your title loan money.
What Are Title Loans Daphne?
Many people who are unfamiliar with car title loans online believe that they will have to sell their cars in order to get access to its equity. This is one of the most common myths about salvage car title loans.
Title loans Daphne are structured in a manner that is similar to a home mortgage. When you get a loan on real property or a home, you use the property has collateral for the loan. In a similar manner, your car is used as collateral for title loans.
When you sign a title loan contract with Loan Cheetah, our company is registered with the Alabama Department of Motor Vehicles as the lien holder for your vehicle. As the lien holder, we have an interest in your car, but we do not own it. After the loan has been repaid, the terms of the contract will be met.
Are Title Loans Legal in Alabama?
Thousands of Alabama residents know how valuable title loans can be. In fact, the state of Alabama has the highest number of title loan options in the country.
Title loans are legal in Alabama. However, title lenders must abide strict regulations set forth by the Alabama lawmakers. As your title lender, Loan Cheetah must give you a copy of the written title loan contract. There is no maximum amount of money that you can borrow from our company. Each loan term must be for at least 10 days with a maximum of 31 days. The maximum amount of interest rate that can be charged is 25 percent per month.
How to Apply for Title Loans Online
If you meet the minimum requirements, you are a good candidate to get approved for our title loans.
- The minimum age to apply for a title loan is 18 years old.
- You must have a consistent source of income.
- Your title must be free and clear.
- You must be the actual owner of the vehicle.
- You must have a valid source of identification such as a state-issued identification card or a driver's license.
Do you meet our minimum loan requirements? You should apply for a loan with Loan Cheetah. Complete our short and easy online application. Provide information about your vehicle and personal information. An online auto title loan quote will be provided for you. A title loan consultant will contact you to complete the process.
Are you ready to have easy title loan cash deposited into your account? Contact us or apply for a loan today.