Ever have one of those times when you could really use some extra cash? Of course, you have - most people have at some point or another. Every now and then, something comes up that you didn't plan for, and it costs money to fix. But how can you find this cash, short of robbing a bank? One option is a car title loan.
These are short-term, high interest loans in which your vehicle is used as collateral when you borrow. What's really great is that you don't need to have a great credit score to do this - only a functioning car.
Read on for more information about car title loans, as well as potential situations in which having extra cash would be useful.
So long as you have a car you are eligible to apply for a loan. The application process involves showing your car to the lender, as well as your driver's license and proof of ownership using your car's title.
After you set up an appointment with one of our lenders, we'll have you complete an application. At that point, we will work with you to determine the amount of your loan. This will require an inspection of your vehicle - you can do this at any inspection center in the state of Florida or use our convenient virtual inspection app and do it from home. Overall, the verification process takes about half an hour to complete. Once you're approved, you can leave with your money!
Car title loans can be super convenient when you're in a pinch for cash, but make sure you're able to pay it back on time to avoid losing your vehicle (and worsening your credit).
There are all kinds of reasons that people need money fast, but here are a few of the most common:
One of the fastest and most common ways for Americans to accrue debt is through a medical emergency. For those with poor insurance, or no insurance at all, the bills can add up very quickly. Everything from the ambulance ride to medical testing, the length of the hospital stays, and other treatments can result in bankruptcy for many.
Now, we don't recommend taking out a car title loan for thousands of dollars to cover, say, chemotherapy. But for a relatively minor medical debt that requires dipping into the budget, having extra cash to pay it off can be helpful.
Maybe you've been on the hunt for a new apartment or car, but you're a hundred or so short of making your deposit. Having extra cash to cover that expense can help you.
Even if you're moving for a new job, the moving process itself is expensive. Some companies will offer to cover the expenses, but it may not be enough. Having extra cash can get your moving truck from Point A to Point B in a timelier manner.
We get it - life can hit you with some unexpected pitfalls, resulting in lost finances or damaged credit. You wouldn't be the first person to need some extra cash, extra fast. Unlike other lenders, Rapid Auto Loans doesn't punish you for having poor credit. All we require is a working vehicle. If you need cash fast, a car title loan can help. Fill out an online car title loan application on our website or call us today for an appointment at 954-960-7097.
Many people applying for auto title loans have the same question: Can I get a title loan with an older car? With Rapid Auto Loans, the short answer is, yes! Why should you be penalized because you don’t drive a newer car? But there are some considerations to be aware of. Here’s how you can qualify for an auto title loan.
Your credit score is an important indicator of the state of your “financial health,” so to speak. It tells landlords, car salesmen, and banks how much you can be trusted to make good on loan or rental payments. The higher your credit score, the more likely you can score low interest rates if you do take out a loan one day.
When you need car repairs, there’s no time to waste. You rely on your car to get your kids to school, get to work, and live your life. Being without a car for even one day can be detrimental. That’s why if you need a loan for car repairs, Rapid Auto Loans can help. We don’t want you to be stuck without a car any longer than you have to be.
Do you remember when you were a young child, dreaming of the luxuries that come with adulthood? While the independence and autonomy of adult life are rewarding, there are certain responsibilities that demand discipline and planning, such as saving money for something special.
You can never be too prepared, but sometimes life can throw a massive curveball your way. We’re living in an era where your credit score affects how far you can go in life. It’s easy if you can afford the basic cost of living and there are no unexpected surprises. Except sometimes you’ll be hit with an expense that you weren’t prepared for. It could be something small and an easy fix if dealt with immediately.
Before starting a credit repair program, it is important to stay on top of your bills to stop late fees and negative hits to your credit score. The first step to staying on top of your bills is to always pay them on time. This article offers tips on how to stay on top of your bills, such as setting up auto-pay and reviewing bills online.
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