A car title loan is a readily available loan that could help you to cover short-term financial needs. The loan is provided by different financial institutions, and uses a car title as collateral. When taking a title loan, you will need to allow the lender to put a lien on your car title. The lender will also require you to submit the original car title before releasing the loan amount. Title loans are short-term in nature and are often repaid in a month. Our company provides affordable title loans in Washington, MO and car title loans in St. Louis.
Some of the benefits of accessing title loans in Washington include:
The steps of applying for title loans in Washington are:
Fill out our online forms
The first step of title loan application involve filling of the online loan application forms available on our website. When filling the application forms, you will be required to supply your name, residence address, the vehicle particulars, and the loan amount you are applying for.
We have dedicated personnel who will contact you once we receive your application.
Once we receive your application, our agents will contact you to book a meeting that will facilitate your vehicle’s inspection.
We inspect your car
We will require you to avail your vehicle on the scheduled date for inspection by our highly trained experts. The review is to determine whether the amount you are applying for matches the value of your vehicle. If they recommend that the amount asked for is more than the value of your car, we will advise you to revise the amount downwards.
Loan approval and disbursement
Once your loan is approved and you sign the necessary documentation, we will disburse the amount to you within 24 hours. We can deposit the amount to your bank account or you could pick it from our offices.
We will expect you to repay your loan as per the agreement of the loan documents. Loan default might lead to the seizure of your vehicle.
Vehicle title loans in Washington are subject to legal regulations such as the Consumer Loan Act and the Pawnbroker Loans Act under the code 31-1-701 et seq.
A clear title refers to a car title that is not currently securing any loan. This means that the car is not at risk of being repossessed. A title with a lien, on the other hand, refers to a title whose owner has not cleared their loan. As such, the lender has a right to repossess the car used as collateral in the event that the loan is not repaid as agreed.