4 Reasons to Get a Title Loan
A title loan application is quick and easy because you can apply online and, in many cases, get the money you need the same day. There are four reasons people get a title loan. Lenders do not use credit scores to determine your eligibility. These loans have more flexible repayment terms at a more user-friendly rate than other loan types, such as payday loans. Plus, the amount you can borrow is generally more than other personal loans.
Reason #1 – Your Credit Score Does Not Matter!
Since these loans use your vehicle as collateral, your credit score is not important. Bad credit, prior bankruptcies or no credit is not a problem. Many people use a quick and easy title loan to rebuild their credit score. All you will need is a steady income, proof of address, personal references and an automobile with a clear title.
Reason #2 – A Title Loan Has Flexible Repayments
Unlike payday loans that take their money out of your checking account on payday, a title loan allows you to repay your loan in small installments. Payday loans are just like recycling your debt, putting off the inevitable, while adding more interest to the principal. You have more control with a title loan. With a payday loan, you get stuck paying back the money you don’t have a week or two later, only to borrow it again to make it through another month. With title loans, you stay stable financially paying a lower payment, which is beneficial to your budget.
Reason #3 –It’s Quick and Easy
Just go to Advantage Loans, LLC online and fill out the quick, convenient application form. Once our customer service representatives receive your application, they will call you and let you know how much you are eligible to borrow. Also, they’ll tell you what types of identification and forms you will need to bring with you, or if you can submit those online. Then they will say where you can pick up your money. We have four convenient locations in the Houston area. There’s no need to wait for a transfer to your bank.
Reason #4 – You Can Borrow up to Your Car’s Value
A title loan uses the value of your vehicle to determine how much you can borrow. You could be eligible to borrow a lot more than at a bank or other personal loan provider that uses a complicated formula based on your debt to earnings ratio to determine how much you can borrow.
Let Advantage Finance, LLC Help You Improve Your Credit
Advantage Finance can assist you in paying off those bills that may have caused your poor credit score, and repaying our loan will improve your credit. It’s quick and easy, so apply here now.
Email us with your questions,[email protected], or use the convenient online contact form.