If you need money on the go, all you have to do is to apply for a car title loan, produce the car title with your name on it, drive the car to the lender’s place of business, an extra copy of the car keys, provide proof of your income, be 18 years or older and have a bank account where the funds can be directly deposited into. It is an easy process with not the hassle that you would experience from a traditional financial institution.
The lender will determine what the market value of the vehicle is and the loan amount will be established with this information. The Kelley Blue Book is used to estimate the value of the vehicle. You will possibly obtain up to 40 percent of the amount. Even though, you are giving the lender a copy of the car keys, you will still be able to drive the car. The keys will be returned once you pay off the loan.
Most people living in Bethlehem, Pennsylvania will choose a title loan when caught off guard in a financial situation. Why? Well, the loan process is fast and the requirements are minimal. Moreover, you get a chance to pay off the balance in thirty days or less.
Getting Money Today with a Bethlehem Title Loan
If you’re in need of a same-day loan that doesn’t require a high credit score, then a title loan could be just the solution. With Bethlehem title loans, you’re leveraging the value of your car to obtain the loan. As long as you own a car with a lien-free title, you can get a loan.
It doesn’t matter what you need the money for. You could use your loan to pay past-due bills before they accumulate any more late fees and harm your credit. You could put the money towards a car repair or a home appliance replacement. Once you have the money, what you do with it is up to you. Consumers dealing with financial hardships have found title loans in Bethlehem to be perfect for getting a boost to their available funds and paying off urgent expenses.
Applying Online
We wanted to make the title loan application process as simple as possible. That’s why we set up our efficient online application for title loans in Bethlehem. You can complete the application here on our site, and it doesn’t take more than a minute. Just go over to the application form and fill out the following information about the car that you plan to use as collateral for your title loan:
- Year
- Make
- Model
- Approximate Mileage
We’ll also need the following contact information:
- Your full name
- Your phone number
- Your ZIP code
Once we’ve gotten than information, we can use your car’s current market value to provide you with a free title loan estimate. We’ll also tell one of our friendly title loan representatives to follow up with you at their earliest convenience to answer any questions that you have. The representative can provide a location for you to obtain your Philadelphia title loan.
How Title Loans Work
With a title loan, you’re getting a secured loan, and it’s secured because there’s collateral attached to it. The collateral on a title loan is your car, but the lender doesn’t keep your car during the title loan repayment period. Instead, you provide your car title to them, and then get it back after you’ve repaid the loan.
Federal law stipulates that you must be at least 18 years old to borrow a title loan. Other than that, the federal government leaves it up to each state to decide on its own title loan regulations, so Pennsylvania’s laws regulate Bethlehem title loans. The state hasn’t set any limits on title loan amounts or interest rates, so you can figure those out with your lender.
Benefits of Title Loans in Bethlehem, PA
There are several key advantages that Bethlehem title loans have over other types of loans. The biggest benefit is their convenience. All you need to get your title loan is a car, its title and your government-issued ID to verify your age. The title loan application process is very fast, and you can often get a loan within an hour of visiting the lender.
Your title loan won’t inconvenience you at all since you’ll still have your car the entire time. You won’t need to worry about finding rides around town or taking public transportation.
If you can’t pay back your title loan on the due date, you can roll it over, which means you’re extending it for another term by paying at least the interest on it. This costs you a bit more, since the new term has another interest charge, but it buys you more time if money is tight.