Money is a normal part of life and commerce, but run out of it, and it can seem as mythical and elusive as a leprechaun or a unicorn. When you need cash, you need a reliable way to get it that doesn’t make your situation more stressful. That’s why title loans in Rio Verde are a great resource for those looking for a hassle-free lending experience.
Title loans in Rio Verde are personal loans offered by non-banking lenders. An applicant puts up a car, truck or other vehicle as collateral for the loan, and they give the vehicle title to the lender. When approved for the loan, the borrower gets cash, and the lender puts a temporary lien against the vehicle that was placed as collateral. After the loan is paid off, the lien is taken off the car, and the title goes back to the borrower. Unlike bank loans, title loans are processed without a credit check. Title lenders choose to rely on vehicle collateral which means bad credit is not a problem. Bad credit online loans allow title lenders to help more people get money when it’s needed most.
Vehicles used as collateral have to be the property of the loan applicant. Eighteen is the minimum age requirement to apply, and the applicant needs to have a job or have another source of income.
Don’t hesitate to complete you application for title loans in Rio Verde because that’s the first step in getting the money you need. When you tell us the kind of car you’re using to get the loan and how many miles it has on it, we can figure out how much it’s worth. That’s what we base our loan offer on, so go ahead and submit your application. Once you’ve received our offer, we’ll be in touch to work out the loan details. Processing is pretty quick. In fact, most people receive their loan money in less than 24 hours.
Interest rates range between 10 percent and 17 percent. There is no maximum on loan amounts. Borrowers without a clear title can be approved for a title loan. Loans 10 days past due are subject to a late fee of up to five percent of the loan balance.