Title Loans in Pittsburgh, Pennsylvania from Loan CheetahEverything You Need to Know About Title Loans Pittsburgh, Pennsylvania
Title loans Pittsburgh can keep you from having to file for personal bankruptcy or otherwise ruining your credit score for good. If you are looking for a way to help bridge your payments until your next paycheck, title loans Pittsburgh are a solution you may not have yet considered. The way that title loans in Pennsylvania work is that you use the title to your car or truck as collateral to borrow some money. The auto title loan interest rates are fixed, which means the interest rate you pay will stay the same for all payments toward your loan balance.
For auto equity loans, you do not need to have a job or any other equity besides the free and clear title to your vehicle. Vehicle owners in Pennsylvania have found that applying for title loans online through Loan Cheetah is the way to get around going to a bank and begging for a personal loan that will surely be rejected. While you would typically have to wait around for a month or more to get loan approval from a bank, title loans Pittsburgh can be approved right away.
The Application for Title Loans Pittsburgh, Pennsylvania
To speed up the entire process of getting a title loan, we made sure that you can complete the full application online. There is no need to come to our office or bring your vehicle for inspection. We make the determination on your title loan eligibility based on what you provide in the online application. This is why it is important to make sure that the answers to our questions are accurate.
The basic personal information on you that we require is your name, address and phone number. To determine the estimated value of your vehicle, we need the year, make, model and mileage. Rather than relying on a credit score or your monthly income, your car title loan eligibility is based completely on the worth of your car.
As soon as you hit send on the online application, the rest of the work is on us. We get in touch with you with a free quote for a title loan amount.
The Legal Aspects of Title Loans
A title loan is a secured loan. This means that your car is the asset that works is the collateral for the loan. Why you need to keep this in mind is that your failure to make the required payments pursuant to your title loan agreement could result in the loss of your vehicle. This is because the title loan lender has the right to repossess your car or truck if you cannot fulfill your loan obligations. The way you can make sure this does not happen to you is to have a precise plan for taking care of your loan amount. The payoff time for a title loan is usually short term.
The Advantages of a Title Loan
It is fairly easy to get in over your head with finances in a short period of time. If your debt is mounting, it may seem like bankruptcy is the only logical option. However, going down this road can have lasting consequences on the rest of your life. Before you do something that extreme, think about the way that a title loan could work for you. Even if you need money right away, a title loan is a better option than going to friends or family to beg for money. You can take responsibility for your own finances and be on your way with a title loan sooner than you thought possible.