The quickest and the best option for getting cash right away in an emergency situation would be get a title cash loan. Also called the pink slip loan, this debt instrument will help you get cash from a lender who will use your auto title as collateral in your emergency. You can count on a pink slip loan whenever you have to pay for medical expenses, have a mortgage payment due, need money for college tuitions, or have unexpected emergencies in the form of major home or car repairs. |
People who have earned a good credit can get other sources of emergency financing .Since pink slip loans with collateral tend to have lower interest rates and fees than unsecured short-term debts, they can benefit borrowers with bad credit. These subprime debt instruments are generally given to borrowers with bad credit who are excluded from getting loans at lower interest rates.
Getting Quick Funds
These loans can get immediate approval and will be processed quickly, often in as little as 48 hours. Quick approval is its biggest advantage. You can get the processing done online through a secure website, or over the phone, and after you submit your application, you can find out if you're eligible in just a few minutes.
Even if you have a low credit score you don't have to worry. It is not a deal breaker although your lender may conduct a credit check while processing your application. The reason is that the auto title is used as collateral to counterbalance the risk. But the lender will ask you for the necessary documents as a proof of ownership of the vehicle, in the form of a clear pink slip. He will also need a proof that the car is paid off or nearly paid off.
The cash will be in your hands within a few hours if you have all the documentation on hand. You will be contacted by a representative once the application has been approved and he will show you the contract with the offer. You should spend time reading the contract carefully, scrutinize the legal disclosures section and read all fine print to make sure you don't miss on important things like how much interest you will be paying and also find out if any extra fees may incur.
It's always better to ask questions to find out how much you will be expected to pay and by what time. After all it's about maintaining a good finance. You must contact a legal expert for guidance in case if you have any doubts. You also have to beware of the aggressive selling tactics of some lenders who have rigid terms and charge very high interest rates.
It is advised you search for a lender that offers proper rates in the business for title cash loans. Choose a lender who offers flexible payment terms so that you are ensured you don't lose your automobile.
How Do I Get My Cash?
Different mechanisms are used by different lenders to deliver money for title cash loans. Few lenders prefer to issue a paper check and send it immediately or by ordinary mail. But this method is the lengthiest one. A faster way to get cash is by electronic direct deposit of funds into a checking account.
Nevertheless, if you have not been able to maintain a good credit and don't have a right to use a checking account, you can ask your lender to make arrangements for your pink slip loans payment. You have the option to deliver cash via MoneyGram or other options also.
Lenders generally follow the trend to pay out title cash loans during normal trade hours, Monday thru Friday. It has also been noticed that most lenders are closed for business on the weekends and are unable to complete the procedure of application until Monday. If you are looking at getting a quick approval and turnaround, the best option would be to submit your application online. You can even submit your internet application throughout the weekend and get approval in minutes.
You can use title cash loans to keep your car and get hard cash while you pay back the loan. The best way to get them is to apply online for quick approval and cash delivery. To get approval within minutes, apply here! www.123fundme.com.
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