Title Loans Dayton
There is no doubt that life is filled with surprises. You never know from moment to moment whether your appliances will need repairs or if your hours will be cut at work. In most cases, you can be assured that life’s little surprises will hit you in the wallet. Unless you’ve been able to stash away a nice amount of savings, it can be difficult to handle bill collectors knocking on your door. Whether you have a big payment due at the end of the month or you need groceries for the table, you can count on title loans In Dayton for a little financial aid. Lots of folks rely on title loans to help them out when they need cash. At Midwest Title Lender, we know folks need help now and then to get through a rough patch. If you hadn’t considered car title loans in Ohio before, now might be a good time to check into them. These are simple, short-term loans, which can be used for anything you want. It doesn’t matter whether you have good credit or bad credit because your vehicle title secures the loan. Applying online may take as little as two minutes, and you’ll have cash in a day or less.
The Application and Loan Process for Title Loans Dayton
- Meeting loan requirements. Just make sure you meet a few requirements before filling out an application. You need to have proof that you are 18 or older, own the vehicle and have the paper title to the auto showing you have no liens against the truck or car.
- Fill out our simple online application with your phone number, name and home zip code. We also need your vehicle information, which includes a mileage estimate, make, model, style and age of the car.
- Receive your instant loan estimate. Take some time to look at our loan offer to see if it meets your expectations or could be useful for paying bills.
- Confer with your loan expert. Each applicant receives a phone call from one of our loan experts. This usually occurs the very same day that you apply. So, you should be ready to ask questions and learn more about our loan process.
- Income and payments. Your loan expert will spend a little time speaking with you about your income and various sources of income. Don’t worry; we have many flexible sources of income, which usually work well to qualify everyone who applies. You’ll also be presented with a number of payment plans to find the most affordable plan for your particular situation.
- Signing the Contract. As your lender, we are responsible for writing up a contract according to Ohio state regulations. To make sure everyone understands the loan terms, your contract will specify the interest rate, the total cost of the loan, minimum payment amounts and when they are due in addition to any applicable fees.
- Submitting your collateral. You’ll need to turn over the paper title to your auto to be used for collateral during the closing of the loan. Auto titles are returned immediately after we receive the final payment on the loan.
- Cash payouts. You’ll receive your cash in 24 hours or less after applying for the loan.
- Payments. Always make your payments on time, and you shouldn’t have any problems with your loan.
Can I Qualify for Title Loans Dayton with No Credit History?
We qualify lots of folks that haven’t established a credit history, which also includes a great number of college students. Frankly, we just don’t use credit scores or any kind of credit information during the qualifying phase of our loan process. We find that pulling credit information usually just slows down the entire loan process. It can also disqualify many applicants that are highly motivated to make their loan payments on time.
So, whether you have a bankruptcy, no credit history or a bad credit score, you are encouraged to apply. There is no charge for applying, and title loans in Dayton could be a great way to get your finances back on track.
Will You Approve My Application If a Bank Turned Me Down?
Banks often don’t approve loans for many reasons, which can include low income to bill ratios or poor credit. However, our system doesn’t focus so much on your income or how you’ve paid bills in the past. We ask all borrowers to use their vehicle as collateral to secure the loan.
This usually works pretty well. Folks don’t want to risk losing their main source of transportation, and they make every effort to see that their payments are made in full and on time. So, yes, there is a very good chance Midwest Title Lender will approve you for title loans in Dayton.
How Are Loan Amounts Determined?
Midwest Title Lender may use the information provided in your application to look up the value of your vehicle in Kelly Blue Book. This gives us a basis to start with. Then, we will consider the age and mileage of your truck or car and whether it has ever been in an accident.
We also consider the equity left in the vehicle and the overall condition of the car. Once the value has been determined, we apply a percentage to the value to come up with a loan estimate. This information is combined with your ability to make payments, and your final loan amount is determined after consulting with your loan representative.
Can I Get a Fast Loan Quote?
We don’t believe in making our customers go through a lengthy application or qualifying process. You deserve to know what kind of money you could get for a loan right from the beginning. Immediately, after filling out your application form, you’ll receive a title loan estimate, which could be increased later during the application process. This saves everyone a lot of time and makes it much easier for you to decide if a title loan could work for you.
Are There Any Advantages like Benefits, Features and Perks?
Yes, there are a number of advantages when it comes to title loans in Dayton. We’ve done everything possible to stream line the application and loan process for a pleasant experience for our customers. These are just a few examples of what you may experience as a loan customer.
- No cash down payment or upfront fees. Your auto secures the loan so nothing else is required.
- Very fast payouts. You’ll be pleasantly surprised at how fast we can get you qualified. Most loans are funded in a day or less.
- No prepayment penalties or fees. We are delighted if you can pay off your loan early. There will never be any penalties for early payoffs.
- Spend loan funds your way. You are free to spend your loan funds for anything you need or want. It is not any of our concern as to how you spend the loan money.
- No driving restrictions. All of our loan customers are free to use their automobiles just as they always have. No restrictions at all.
- Stress-free application. Your time is valuable, and that’s why we offer a convenient online application that is stress-free.
- Payment Options. We offer several payment options tailored around customer needs to fit all kinds of budgets.
- We never perform background checks or credit checks. This keeps our process simple and fast.
Title loans in Dayton by Midwest Title Lender are for musicians, clerks or teachers; anybody who needs fast cash with good interest rates for any purpose.