Title Loans in Easton, Pennsylvania from Loan CheetahTitle Loans Easton: What You Should Know about Car Title Loans
Anyone who’s ever been in a tight spot and needed money fast knows what a hassle that can be and understands why more and more people are turning to title loans in Easton. Title loans are secured loans, which means that they’re more cost-effective than payday and other short-term loans. Since they’re secured, there’s much less risk involved for the lender, and that means great flexibility for you in terms of how much you borrow and how long you have to repay.
Title loans in Easton are also a much more attractive option than bank loans for many people. A bank like National Penn Bank generally doesn’t consider secured loans and would prefer you to meet a certain income level and credit score. Even if you do find a secured bank loan or can meet these requirements, those may not be the only hurdles. Merchants Bank, for instance, usually has a loan limit of $5,000, and most title loans are $1,500 or less. A bank like Santander Bank, on the other hand, favors minimum loan terms of 90 days, 180 days and more, which means that borrowing for a week usually isn’t an option.
Title Loans Easton: Applying for Car Title Loans Online
If you’re interested in title loans in Easton, brick-and-mortar locations aren’t your only option. Online services like Loan Cheetah can help as well, and not only can you apply for auto equity loans online, but you may be able to finalize the entire process from the comfort of your own home.
To get started, you’ll just need some basic information, such as:
- A full name and zip code
- Contact information, such as a cell number
- The make, model and year of your vehicle
- Estimated mileage or an odometer reading
Once you’ve submitted that information, Loan Cheetah will give you a quote within seconds. That quote is an estimate of the amount you can borrow without a credit check and other steps. If you wish to continue, a loan representative will contact you for further information. This is also your opportunity to ask questions and discuss concerns. When you’re ready to continue, the representative can then guide you through the rest of the process and help you get cash in hand.
Regulation of Car Title Loans in Pennsylvania
Like most states, Pennsylvania has regulations governing title loans and other small loans, but unlike most states, Pennsylvania does not technically permit them at all. That means that title loans in Allentown and throughout the state are generally not allowed, and the state does not specifically limit car title loan interest rates and other factors. Nevertheless, Easton residents may have similar borrowing options that are not technically title loans or options out of state.
Advantages of Car Title Loans
Auto title loans provide many benefits, including:
- Instant approval
- No screening
- Fast processing times
- Flexible loan amounts and terms
- Early repayment
Title loans in Easton can be more cost-efficient than other short-term options, such as payday loans, because they’re secured. They can also be a better option than bank loans when you need money fast because acquiring a bank loan can be a hassle. A title loan is secured, and approval rates often exceed 99 percent. You can have no credit, bad credit or a credit history marred by bankruptcy. Lenders won’t do a background screen, and income doesn’t matter, so you don’t have to prove employment and income and can even be unemployed.