Most Americans avail a variety of loans, and that is a way of life for many. But in the present economic situation, this has also lead to poor credit scores making it difficult to access cash in emergencies. Thankfully online title loans in Pittsburgh from us constitute a quick and convenient way to pull yourself out of a tight corner. It is one of the typical situations where online title loans come in to provide you the much-needed relief.
How Does A Title Loan Help?
As the name suggests, a title loan is granted against the value of your car. It is understood however that you have complete ownership to your car and no mortgage payments, or another lien is outstanding against your automobile. Once you meet this condition nothing else generally comes in the way of getting a title loan in an hour or less.
Bad Credit/Bankruptcy
We never check your credit history nor even refer your loan application to other financial agencies. Even a bad credit or bankruptcy cannot stop you from being approved for a title loan. The only thing we will consider is an unencumbered title to your car. There is hardly another short-term loan option that gives you this degree of convenience and speed.
Extended Repayment Period
You can repay your title loan in monthly installments often extending up to one month or more depending on the amount borrowed, and other conditions mutually agreed. Many of our customers have found this to be a great feature with title loans since it affords the most significant leverage in making repayments, as opposed to other short-term loans, particularly for borrowers with poor credit.
Determining the Loan Amount
When you apply for online title loans Pittsburgh, you will be asked about the make, model, age, and mileage of the car. Based on this information an auction value is arrived at, and you can expect about half the auction value as the loan amount. We do understand that this amount may, at times fall short of your expectations. The best way to address this situation is to contact us for a review of the loan amount proposed.
Become an Informed Borrower
A thorough understanding of the bold print, as well as the fine print, is expected of all borrowers, and you are at liberty to ask several questions before you accept the loan, and we create a lien on your car. You may even enjoy the liberty to cancel the loan within a specified time limit if you have any reservations on availing the loan. Do check with us for more details on title loans.
Exercise Caution
You should also exercise caution to ensure that title loans are legal in Pittsburgh or another city and familiarize yourself with the concerned laws. Remember, legal provisions regarding title loans in various states keep changing at regular intervals. But, if you ever get into a problem with a lender, you can contact the Department of Banking and Securities or file a complaint with the local Sheriff.