Title Loans Mentor, Ohio from Loan Cheetah
Ohio houses many financial institutions that can assist you based on your situation. More often than not, credit checks are needed, and there may be a minimum credit requirement depending on who you choose to enter a contract with. However, by getting a title loan in Mentor, you are allowed for up to $5,000 all depending on your vehicle’s value. These emergency loans can be taken by any individual at any time at their convenience. They can be used as personal loans depending on what you need them for. Regardless of your need for cash, let our title loan lenders help.
Start the Process Online
You may begin inquiring about a title loan through our website. Our application is free and easy to follow. The majority of the information needed to process your loan is about your vehicle. The car’s make, mileage, style, model and year it was made. Along with a number best to call you at, your application will be completed. A loan estimate is given to every individual for free after applying. You do not necessarily have to go through with this process either. Even if you have given us an application and received a quote, you can still cancel at any time. We also provide each customer a helpful customer service agent that can address their title loan needs. A title loan lender may also be provided to you to match your specific needs.
Here are some additional criteria to consider when applying for a title loan:
- Photo ID (passport, state ID, driver’s license)
- Proof of income (pay stubs, bank statements, other types of aid)
- Proof of insurance (may be required depending on your loan amount and lender)
- Vehicle Title
- Car is required for inspection and last-minute evaluation
- Must be 18 years old
Since your loan amount is determined by your value, the car must be brought to the loan site for evaluation. You may receive a lower loan amount if your car is damaged in any way. The vehicle history is also considered, and any prior accidents may lower the loan amount as well.
Your Responsibility as a Consumer
A title loan is treated like other loans in the sense of payment. The title loan lender must clearly identify payment amounts and interest rates charged for a loan. Before you sign, it is important that you understand these terms. You also have the ability to rescind a title loan if it is something you do not want to do. You have 24 hours to give the money back. For any specifications you make speak to the title loan lender at the time of the agreement about their policies on rescission. You may also inquire about their stance on late or missed payments. Most title loan lenders will give you a leeway on late payments as long as you make them. Early payment is also allowed for these loans. If you do not pay your loan back your car may be taken from you. Repossession must be conducted peacefully and lawfully. You can call your local police department to stop repossession if the agency uses force or violence when getting your vehicle. They may not do any damages to property if it is stowed away on private grounds.
If you suspect your title loan lender is taking advantage of you, or is treating you unfairly when it comes to this loan, you may file a report against the lender through the Consumer Federation of America and the Center for Responsible Lending. You may also file with the Ohio Attorney General’s Office online or by phone at (800) 282-0515.