What are Car Title Loans?

Car title loans are collateral loans that could provide at least $2,600 cash loan within 24 hours in exchange for a pink slip or clear car title.

Car title loans have grown very popular among people with cash emergencies because of the simple and speedy processing of documents. The pink slip loan borrower only needs to show proof of clear ownership of the vehicle, full insurance coverage of the car, proof of income and residence, valid driver’s license and at least six references.

Car title loans officers could even assist the borrower with DMV issues such as payment of parking tickets, securing insurance for the vehicle, payment of registration and other matters, in accordance with state rules and regulations. T

The borrower could apply for car title loans online and submission of the required documents for car title loans could also be done through e-mail or fax. This makes it different from traditional loans where a borrower needs to patiently wait in line to apply and submit documents.

Pink slip loans also differ from traditional loans because there is short waiting time. If the loan officers find all the borrowers’ documents in order, approval for car title loanscould be released in just 60 minutes. And, upon approval, car title loans will be ready for pick up at any of the branches all over the state in a couple of hours.

A borrower does not have to worry about payment schemes for car title loans. The borrower may choose from short term, long term or prepayment of the pink slip loan with no prepayment penalties.

Car title loans only keep the pink slip of the vehicle as collateral for the auto equity loan which means the borrower could still use his car while paying for the car equity loan.

And because all fees are made upfront and there are no hidden charges, car title loans is the most convenient lending facility helping borrowers with immediate cash needs throughout the state.

Let car title loans help you in your cash dilemma. Apply now.