Showing posts with label Collateral loans. Show all posts
Showing posts with label Collateral loans. Show all posts

Monday, December 29, 2014

Title Loans within an hour

We have announced easy, quick and hassle-free car title loans for its customers. We provide loans to customers with bad, good and no credit rating at all. Thus, customers who want to emerge out of a sudden financial crisis can apply for the loan by just surrendering the title of the car.

Car title loans are way of getting fast cash by surrendering the title of the car. The client need not deposit the car itself. He can avail the loan and drive the car as well. Car title loans require the client to deposit certain documents like the insurance certificate, the duplicate car keys, a valid driving license, residence and age proof and three references. Once the procedure is completed the customer walk away with the cash in the car itself.

Title loans are usually applied by the customers who have the right of the car to themselves. They take the loan by surrendering the car as the collateral security. It is only the equity of the car that is checked and the income proof of the customer needs to be verified.

Auto pawns are another form of title loans in which the auto is given as a “pawn” in lieu of which the loan is taken. These loans are hugely popular as they can be obtained within a very short span of time. People borrow to save themselves of an impounding crisis like sudden hospitalization, small vacations and for paying certain recurring debts.

People with bad credit rating find it very difficult to get loans from the financial institutions. They resort to collateral loans by giving the car as their collateral security. The good repayment of these loans helps them to improve their credit rating and get a greater mileage in the long run.

There are innumerable companies which provide title loans to customers. Trading financial Credit is one such company but with a difference. They have been providing car title loans to customers since 1994 and have been awarded “A” rating from the Business bureau for their quality assurance and customer friendly attitude. The customers have to fill up the questionnaire, find the nearest location and walk away with the title loan in just an hour. So, when one is in deep trouble acts as a true friend.

A car title loan in case of emergency

Banks and other financial institutions have come up with an innovative plan that can be of great help in case of financial crisis – car title loan. A car title loan is a special kind of loan in which the car is used as the collateral. If the car purchase amount has been paid off, you are eligible to apply for the loan.

The car title loan is a short term loan which can be of great help to the borrower. The car title loans offer convenient ways of getting funds in case of emergency. The customer can borrow money against the car. The borrower needs to submit the cart title and a duplicate set of keys.  Most of the banks and financial institutions allow the borrower to keep the car, but there are some institutions that keep possession of the car, until the car title loan amount has been paid off. The loan amount sanctioned will be on the basis of the resale value of the car. In some cases, the borrower qualifies for fifty percent of the resale value of the vehicle.

However, the interest rate is very high, so the loan amount should be repaid on time. If the borrower is unable to repay on time, then the borrower has the option of extending the payment period by a month. This is called the roll over period. It is better to repay the amount within the allotted time, because in the rollover period the interest rate further goes up to almost twice or thrice the actual loan agreement. Generally, the payment period is around thirty days which can be extended by another month with penalties.

A car title loan is a short term loan that does not require background check or references. The borrower who has bad credit history can also apply for this loan because the loan amount depends on the market value of the car.  In some cases, banks sanction the loan amount to customers who clearly state bankruptcy as the main and sole reason for applying for car title loan.

Before signing the car loan agreement, the borrower needs to go through the terms and conditions, and other guidelines of the car title loan. This would help the borrowers in taking a sound decision, before applying for the loan.

This is the most suitable solution in case of financial crunch.

Car Title Loans - The New Horizon of Hope

Car Title Loans are the new horizon of hope for those who have suddenly got into a deep financial crisis. These car title loans or vehicle title loans as they are commonly called offer an immediate relief from the existing trouble. People who fall into financial trouble either go to the money lenders, banks, or opt for credit cards for personal loans. Often people who have a bad credit history or record with the financial institutions are out rightly rejected by the same. Here, only the car title loans come as a boon for them.

Car Title Loans require the owner to have a car without any dues as it is a form of secured loan. The security in this case is the car itself. The owner has to submit only the title of the car. The car still remains with its owner until he becomes a defaulter.

A person who applies for the car equity loan has to provide certain documents to procure the loan. The title certificate of the car, a valid address proof, government identity cards such as pan card, driving license and also some references are submitted to obtain the loan. In some cases, the institutions also want a set of the car keys. These loans are very easily obtainable and the institutions take only a day or two to hand over the money to the borrower. 

The Auto Equity Loans are similar to the car title loans. The only difference between the two is that, in case of auto equity loans, the person who applies need not be the legal owner as they may be paying the EMIs of their cars to the banks and at the same time needs to apply for this loan. The criterion for procuring this loan is same as the car title loan but the person who needs this loan should be an adult. The loan amount is normally half the price of the car but it is solely at the discretion of the lender.

Many other similar loans like collateral loans, pink slip loans, and online title loans are also available on net. People who have a bad credit rating or do not have credit ratings usually apply for the pink slip loans. They are available online and are easy to apply. People even avail these loans for one day to meet their needs and repay them the next day. They are clearly people’s ray of hope.

A car title loan for the ones who need it the most

Getting cash within 48 hours is not impossible, if you have a car.  Your car can be of great help in case you need money urgently. A care title loan is the best option in case of urgency. The auto title loan has lot of benefits and can be extremely useful, provided the loan is repaid within the stipulated time. In case of car title loan, too much paper work is not involved and the loan gets sanctioned without any hassle.

In case of car title loan, the car is used as the collateral. The car title loan amount is decided on the basis of the resale value of the vehicle in the market. For new cars, large amount of car title loan can be obtained, on the other hand if it is an old car, the loan amount might be less. The loan is sanctioned to the car title holder. The car loan can be obtained when you need money in emergency, so the interest rate is high.

The auto loan period is generally 1 month, which can be extended at the cost of increased interest amount. The borrower should return the money on time to avoid roll over and high interest. For lenders, it is an easy way to earn high profit. If the borrower is unable to pay within 30 days, the loan period can be extended, but every time you extend the loan period, the interest amount gets increases. At times, the loan amount gets doubled due to delay in repayment. So, this car title loan should only be used in case of emergency, with a backup plan ready to be able to return the amount within the given time. If the borrower is unable to pay within six months, the car is taken away by the lender and sold in the market to recover the loan amount.

The car title loan is obtained without any hassle any is obtained faster as compared to other loan that may take several weeks to get sanctioned. In case of sudden emergency, a car title loan can be of great relief.

Tuesday, December 16, 2014

Short term loan - A necessity

Most often we face situations that compel us to go for short term loan. Short term loan are not readily available and that sometime puts us in a difficult situation. We are worried about the situation until we make it out. In such puzzling situations, your car can bring out the right kind of solution to your temporary fund problem. Collateral loans can make such things happen with extremely easy terms. Your car being a medium for such loan, you can get distinct advantages offered by collateral loans. The entire loan process is truly simple and totally free from any kind of complicated formalities. Use of your car title for a temporary period is all that is necessary. To divulge, some useful information such as self identity, residential address and your annual income are just required formalities. This makes the loan process extremely comfortable. To render the right kind of financial assistance is the only objective of collateral loans.

They deal in loan matters with an extremely responsive and cooperative manner. They genuinely understand how urgent the matter is, in fact they work against time and deliver the ultimate services with full care to the borrower. They close the loan deal within 2- 3 hours; such caring working fashion is rarely available.

The loan rules are made genuinely accommodative for the borrowers. Even your poor credit rating is not treated as a countable issue; such is the flexibility of collateral loans. It is viewed as an honor to the borrower and a really respectful loan deal. Every secrecy is maintained in the loan deal. In no way they create situations that may remotely affect your sentiments.

The valuation of your car is the determining factor to decide upon the amount of the loan. The valuation is done based on some set of rules and is totally transparent in all respect. The transparent system ensures that no dispute arises in the valuation process. Your car condition with respect to the car model, engine condition and some other factors are the basic parameters in valuation process of your car.

The loan range is most rationally designed to fit to all categories of borrowers. A 100 Dollar loan is even made available, which can be really useful for students. For salaried and business classes, loan is made available to any extent by trading more number of cars. Even though the car is traded of, you are not debarred from using the car. In fact such loans never create a situation that causes any inconveniency in your life.

Interest on loan is totally within the frame work of government. It is really a trust worthy and comfortable deal, which is well demonstrated through its business philosophy.