You must visit auto title loan company

The emergency funds can be required for various purposes. Some need them to pay their exorbitant medical bills while others may need it for depositing their child’s educational fees. When people need cash to solve their immediate needs, they are often in a state of dilemma and are totally perplexed about the whole situation. Some sell their belongings, while others think of borrowing money from the money lenders at a very high rate of interest. All these situations have given rise to a unique solution – the auto title loan. In this kind of loan, the person need not submit the car to get the loan; instead they only need to deposit the title of the car to arrange the immediate cash.

The auto title loans are one of the easiest solutions available for people who need small amount of cash for a short term. The auto title loan can be availed by people who possess a car in their name. The car owner should have the pink slip of the car in original to apply for the loan. The vehicle should also be fully insured. This is a major condition, because the lending companies offer loan in lieu of the title and the possession of the car remains with the owner. So, if any kind of accident occurs during the tenure of the loan, then the lender will not be unnecessarily dragged into it.

There are many companies which provide auto title loans, but one of the leading contenders is OTL. Since its incorporation in 1994, it has a huge customer base because of its simple documentation and hassle free process. The company provides loan to people with good, bad or no credit history at all. They approve auto title loans to people with tax liens, repossessions and even bankruptcies. They have a huge volume of satisfied customers because of their excellent customer service. They require the vehicle, the original pink slip of the car, driver’s license, income and address proof and six references among which one has to be a family member whose name, address and contact numbers are required.

CTL also understands the needs of the customers and hence they offer repayment tenure of 36 months unlike other car title loan companies that sanction the loan for 2 weeks or at the maximum, for 1 month. Moreover, they do not charge any pre-pay penalty if the borrower repays the loan beforehand. The documentation work is also done by them. They sanction cash within an hour of the call!

So, if you need to avail auto title loan, log on to site and join the list of happy customers!