We all encounter some\ndifficulties in life, especially when we face a financial crisis. We need extra\nmoney to pay off our debts such as monthly rental payments, school fees,\noverdue bills etc. Getting a loan can help you out at that time. There are many\noptions which you can access when it comes to getting extra cash. One of the\nmore popular choices would be to get a title loan.<\/p>\n\n\n\n
Title loans<\/strong><\/a> are a type of secured loans where borrowers can use their car title as collateral. The lender puts a lien on your car in exchange for the loan. During the loan period, you would still be allowed to use your vehicle. With title loans, the lender has the right to repossess your car if you fail to repay the loan which you have taken.<\/p>\n\n\n\n A traditional loan is a\nbank loan, which is the most common form of financing. This type of loan\nprovides funding that is paid back incrementally over a fixed period of the\nterm.<\/p>\n\n\n\n You need money fast, but what if you have a bad credit score that keeps you away from accessing traditional short-term loans? A title loan is one way to get your hands on some fast cash with no credit check and minimal income verification. This is why these loans are also known as bad credit Car title loans<\/strong><\/a>.<\/p>\n\n\n\n If you need a quick\nsolution to your financial emergencies, then you can go for title loans that\nare safe and convenient. The application process is easy, and within a short\nperiod, you get approved for a title loan quickly. The process is so efficient\nthat once you have submitted all the necessary documents, you can get a hold of\nyour money on the same day. <\/p>\n\n\n\n Whereas traditional\nbank loans are nothing like this, you have to wait for days or weeks before\nyour request can be approved. That’s why title loans are mostly preferred by\nthousands of people these days. <\/p>\n\n\n\n Your credit score is not a factor in title\nloans: <\/strong>This is because your car’s title secures the loan as collateral\nwhich is a great opportunity for the needy people who might not have a good\ncredit score to get help in times of financial emergency. On the other hand,\ncredit score and history are taken into account very seriously in case of bank\nloans. This means a number of people may not be able to access funds when they\nneed them the most.<\/p>\n\n\n\n Get the money you need: <\/strong>The loan is\nbased on the equity of your vehicle and the ability to repay the loan, so you\ncan get as much money as possible if there is adequate value in your car. If\nyou need money on short notice, then this is a big relief to many borrowers.<\/p>\n\n\n\n Get money quickly:<\/strong> The process involved in a traditional bank loan is very long, which may delay your request for money approval. While banks might keep you coming back to check on your request for weeks, but with title loans, you can get your loan very shortly<\/strong><\/a>.<\/p>\n\n\n\n Easy application:<\/strong> The application\nprocess is so easy that you can complete the first steps on your cell phone\nfrom the comfort of your couch. These loans come with the most straightforward\nmethod, which makes it suitable for the customers to apply.<\/p>\n\n\n\n The loan approval\nprocess is fast and easy. After\nsubmitting the documents, you will be qualified for a loan that takes minutes\nor less. A representative will identify how much equity there is in your car,\nand you get the amount based on your vehicle and your ability to repay the\nloan. After being approved, you can receive your funds in as few hours as\npossible.<\/p>\n\n\n\n Get money Quickly:<\/strong> You get approval for a\nloan on the same day you apply for it.<\/p>\n\n\n\n Credit Doesn’t Matter at all:<\/strong> Your credit\nscore doesn’t matter, the loan amount is based on the value of your car and\nyour ability to repay the loan. People with all types of credit can apply for\nsuch a loan.<\/p>\n\n\n\n Keep Driving:<\/strong> Even though your loan\nis based on your car, you are still allowed you to keep your car and drive it\nwhile you’re paying off a loan. <\/p>\n\n\n\n Easy Application:<\/strong> Applying online will\nonly take you a few minutes, and you can get the money you need as soon as\npossible.<\/p>\n\n\n\n No Prepayment Penalties:<\/strong> There are\nno penalties charged if you payout your loan early.<\/p>\n\n\n\n If you are in the\nmiddle of a financial emergency, title loans are an excellent solution for\npeople who require quick money.<\/p>\n","protected":false},"excerpt":{"rendered":" We all encounter some difficulties in life, especially when we face a financial crisis. We need extra money to pay off our debts such as monthly rental payments, school fees, overdue bills etc. Getting a loan can help you out at that time. There are many options which you can access when it comes to… Continue reading Why Choose a Title Loan Over a Traditional Loan?<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"_links":{"self":[{"href":"https:\/\/www.thinkfinanceinc.com\/wp-json\/wp\/v2\/posts\/424"}],"collection":[{"href":"https:\/\/www.thinkfinanceinc.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thinkfinanceinc.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thinkfinanceinc.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thinkfinanceinc.com\/wp-json\/wp\/v2\/comments?post=424"}],"version-history":[{"count":1,"href":"https:\/\/www.thinkfinanceinc.com\/wp-json\/wp\/v2\/posts\/424\/revisions"}],"predecessor-version":[{"id":434,"href":"https:\/\/www.thinkfinanceinc.com\/wp-json\/wp\/v2\/posts\/424\/revisions\/434"}],"wp:attachment":[{"href":"https:\/\/www.thinkfinanceinc.com\/wp-json\/wp\/v2\/media?parent=424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thinkfinanceinc.com\/wp-json\/wp\/v2\/categories?post=424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thinkfinanceinc.com\/wp-json\/wp\/v2\/tags?post=424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}What is a traditional loan?<\/h3>\n\n\n\n
Title Loans are a good option for fast cash!<\/h3>\n\n\n\n
There are some reasons why a title loan is better than a traditional bank loan:<\/h3>\n\n\n\n
What do you need to do to get a title loan?<\/h3>\n\n\n\n
Advantages of a Car Title Loan<\/h4>\n\n\n\n