Understanding Financing Terms

Need Money Fast? 4 Reasons You Should Take Out A Title Loan

If you're facing a financial crisis, and you need access to cash in a hurry, it's time to look into a title loan. One of the benefits of a title loan is that they often provide more cash than you'd receive through a typical short-term payday loan. If you're stuck between a rock and a hard place, here are four additional reasons you need to take out a title loan.

No Lengthy Application Process

When you need cash in a hurry, you don't have time to deal with a lengthy application process. If you've got less-than-favorable credit, you don't want to deal with a credit check, or employment verification. With a title loan, you'll avoid all of that. Title loans offer quick and easy applications, that don't require the credit check or the employment verification.

No Extended Waiting Period for Funding

If you've ever taken out a traditional personal loan, you know how long you can wait for funding. First you have to wait for the application to be approved, which can take several days. After the application is approved, you end up waiting even longer for the loan to be funded. When all is said and done, you could end up waiting at least a week for the cash that you desperately need right away. When you take out a title loan, you won't have to wait for days, or weeks, to get your money. Once your application is approved, you'll have access to your money right away. That's good news when you're facing a financial emergency.

No Need to Hand Your Car Over

If you're worried about losing access to your car while you're paying off your title loan, you can stop worrying. You'll hand over the title to your car to secure the loan, but you won't be required to hand over the car. In fact, you'll keep your car while you're paying off the loan. Once your loan is paid off, the title will be given back to you. If you're still in need of extra cash, you have the option of taking out another loan.

No Confusing Payment System

When it comes to taking out a loan, the repayment system can be confusing, and stressful. For one thing, the schedule doesn't always work with your paydays, which means you could end up being late each month. One benefit of title loans is that the payment schedule can be modified to fit your paydays.

If you're facing a financial crisis, and you own your car, it's time to take out a title loan, such as from American Cash Advance and Title Loan. With a title loan, you'll get the money you need, without the hassle.