Cash Loans Can Improve Your Life If You Ask the Right Questions!
The 4 Questions to Ask Before Signing Onto a Car Title Loan
Cash loans can improve your life, but it is definitely no walk in the park to get a loan. Despite the fact that most Canadians will need to take out a loan during their lifetime for education, professional growth or personal reasons, there are dozens of roadblocks that can get in the way of the loan you need.
Car title loans are the perfect answer for those that are getting tripped up by the obstacles in the loan system. Car title loans, or any type of collateral loan, simply retain the title to your payed off vehicle, paying you the money it is worth. After getting the loan, you simply “buy back” your car by repaying the loan to the title loan company, along with interest.
With these types of title loans, you actually get to keep your car for the duration of the loan, even though the title is in the possession of the loan company until the loan is paid back. Therefore, you get cash in hand and you get to keep driving!
Vehicle title loans are a great option for those that are looking for a loan without the hassle. However, it is still important to do your research before jumping into a title loan with any company. Some lenders may just not be right for your situation, while others may try to take advantage of your loan needs. At Get Loan Approved, we want to make sure you are asking the right questions to potential lenders so that cash loans can improve your life. Therefore we present…
The 4 Questions to Ask a Title Loan Lender
1. How do I get approved for a car title loan?
Check with your potential lender about the approval process for a car title loan. Do
they require a certain level of credit? How long is the application process? How will you know that you are approved? Ask these questions before even starting the application process.
2. How do you determine the value of my car?
Find out the process the lender uses to determine the value of your car. Even if your vehicle is in great condition, lenders can find ways to lessen the value of your car, offering you a smaller loan. Also check to see if there is a limit on the age of a car. Some car title loan companies will only consider vehicles from 2000 or later.
3. Do I get to keep driving my car?
Though almost every title loan company allows you to keep your car for the duration of the loan term, there are some lenders out there that will either impound your vehicle or even put a tracker on it! Even though you may feel silly asking, double check that you get to keep your vehicle.
4. What payment plans are available?
Any title loan company worth your time will have a variety of loan term options to fit your financial needs. Ask about what options they can offer you.
At Get Loan Approved, we offer car title loans through a simple online application process, a variety of loan term options, and interest rates that are 70% lower than the competition! You get to drive away with cash in hand, regardless of your credit score.
Cash loans can improve your life, and Get Loan Approved can’t wait to prove it. Contact us today to get started!