About the Types of Title Loans We Provide
Since 1994, We Have Been Your Most Trusted Title Loan Lender.
Title loans are a type of loan which involves the use of a car as collateral to secure the an amount of money that is lent to a borrower. Generally any kind of item that has value can be used, and usually an object used for the loan must either meet or exceed the value of what is being borrowed. Using your vehicle as collateral, we offer loans from $2,600-$50,000, based on the value of your car! To get any type of loan, the wholesale value of your car must be at least $4,000. To apply for a title loan today, use our quick and easy online application or call us.
HOW DO COLLATERAL LOANS WORK?
Collateral loans require an object as collateral to secure the loan. Anytime a person or an organization lends money out, they are assuming a certain degree of risk. In order to minimize the risk of not getting paid back for a loan, an object of value will be used to cover the amount of the loan. Collateral also serves to inspire the borrower to repay the loan in a reasonable time frame. It is not unusual for an item being used as collateral to exceed the value of the loan itself. That is because when money is being lent it is at full value already, whereas an item worth a dollar amount is subject to more fluctuations in the marketplace. These fluctuations generally include resale value, demand and time and energy being spent to get a dollar value of an item. For more details about car title loans, check out our Frequently Asked Questions page.
OUR PINK SLIP LOANS ARE A STABLE FINANCIAL SOLUTION
Pink slip loans tend to be very popular because they balance the needs of the borrower with the needs of the lender. It makes it possible for a borrower to gain access to money that they need immediately. And it gives the lender confidence that their loan will be repaid in a reasonable amount of time. With people on both ends of a loan getting what they need, the overall financial arrangement becomes a success. To see how much you can get with a Pink slip loan from Trading Financial Credit, fill out our online application.