There are two types of loans: short-term and long-term loans. A short-term loan is a loan that is designed to handle emergencies. When applying for auto title loans, you use your car as collateral to take out the loan. Your loan period for title loans Corsicana is usually for 30 days or less. The auto title loan is a short-term lending option for emergencies and is available to anyone who has a clean and clear title loan.
The benefits to using title loans Corsicana services to cover emergency are many. In borrowing from a lender offering auto title loans, you don’t have to worry about dipping into a 401K or borrowing from a friend to meet your cash emergency needs. The added benefit of being able to borrow without having a perfect credit score levels the playing fields for hardworking people who may not otherwise have access to traditional lending options. The process for getting an auto title loan is also very simple. A traditional lender may require substantial documentation. A title loan only requires basic documentation and a clean and clear title. The straightforward process with an immediate title loan quote makes it that much easier to qualify for the loan. The loan amounts can exceed $1,000, which is enough to cover most emergencies. Best of all, you don’t have to give up your car as long as you continue to make the payments as expected.
There was a time when you had to personally visit the title loan location to fill out an application for a loan. You now have the option of completing the process discreetly from the privacy of your home for title loans Corsicana funding. Your information is handled in a confidential manner, and you don’t have to worry about the data being sold to others. You simply fill out the form and enter the requested information. Once that’s complete, you receive a decision in as little as five minutes for title loans in Dallas.
There are no penalties for paying off the title loan early. You may even be able to avoid some fees by paying off the loan early. You can pay the loan off whenever you are able to do so. You may even roll over the loan if you need a little more time to pay it off.
In Texas, the maximum amount for a title loan is $1,800. The lender must disclose all of the terms for auto title loans. Upon getting a loan, you will receive an explanation of all of the fees and interest that can be assessed to your loan. In Texas, there is no limit for the number of rollover extensions for a title loans. Because it is designed to be short-term, you may be required to pay additional fees for the extension.
People can obtain a title loan for a number of emergencies. One may require a loan if they have a cash emergency. Some people may need extra cash for a major household emergency such as a plumbing problem. You can obtain the funding you need to handle an unexpected car repair. If you are a freelancer or otherwise in between jobs, you can secure a loan to handle household expenses for a brief moment in time.
Emergencies happen, and although people are often prepared for some, there are some unexpected expenses sure to surface from time to time. You can get the funding you need when you need it effortlessly with a title loan.