Title Loans Findlay, Ohio
We all experience the rising costs of everyday living. Trying to feed a family has become downright hair-raising on account of the costs of food. Gas prices are never the same but are typically high. Utility bills can take every last penny you have and then some. What happens if you have an emergency and have absolutely nothing left over from your paycheck to take care of it? Title loans can be the answer you are looking for when you have to get ahold of cash fast. These types of loans are perfect for short term needs and emergencies. Borrowers who own a vehicle can use the title as collateral with a title loan company. You don’t have to resort to going to your bank to try and get a loan, or begging to borrow money from family or friends. If your bank account is low and you have checks out to various agencies, title loans in Findlay can save you from overdraft fees that may occur. The fee you have to pay for these types of loans is almost always less than the fees your bank will hit you with if you bounce a check and overdraft your account.
Getting Title Loans Findlay Requires No Credit!
It’s so easy to get title loans in Ohio. You don’t have to have a good credit score to be eligible. The title loans online/ will not look back through your credit history as part of their process. In fact, they will only be looking for a few bits of information before they offer you a free title loan quote on how much you can get as a loan for your car or truck. These are:
- Zip Code
- Phone Number
- Make and Model of the Vehicle
It’s an incredibly simple process to fill out the forms for online title loans in Toledo. Once you fill out the online application you will be given a free estimate of your loan amount. A qualified loan representative from Loan Cheetah will then be in touch with you to iron out the details. Please feel free to ask any questions you have about the loan process at this time!
Title Loan Laws: How Ohio Protects Their Borrowers
The state of Ohio repealed the Check-Cashing Lender Act during its 2010 session by signing H.B. 545. It was replaced by the Short-Term Loan Act which has certain stipulations set in order to protect Ohio borrowers when applying for title loans. The following provisions were instated by this act:
- A loan term of a minimum of 31 days
- Four loans per year cap
- Only $500 can be borrowed at a time
- A cap of 28% APR on all fees and interest regardless of the amount of the loan
If the borrower cannot pay the loan back after the one month loan term is up, they will be given the option of sending the company a partial payment with interest in order to keep the title to their vehicle.
Why You May Need a Loan Today
You may use a title loan for anything. Customers in the past have used them for the following:
- Other car payments
- Utility bills
- School costs
- Medical bills
- Prescription costs
You do not have to disclose the reason you are applying for a title loan. Once approved, the loan can be used as you see fit. Whether you own your own car, truck, mini-van, motorcycle, or RV, you can use the title today in Ohio to get the cash you need fast.