Title Loans Mentor
Unpredictable situations have the capacity to arise and disrupt us financially in the passing of a single second—car accidents, sports injuries, medical bills, etc.—and it’s our responsibility here at Midwest Title Lender to help you along every step of the way in securing the finances you need to relieve the financial burden which has come upon you.
A car title loan is defined as a type of loan where in exchange for an unspecified sum of money, the consumer agrees to sign his or her car title over to the lender as a form of collateral. Collateral is crucial for car title loans in Ohio, as it is used to determine the amount of money available which we can lend you.
Benefits of car title loans:
The benefits of car title loans in Cleveland, car title loans in Mentor—anywhere, really—are numerous and multi-faceted. Read on to discover a couple of the key benefits associated with car title loans that aren’t associated with other types of loans offered by other financial institutions:
- No credit check: Believe it or not, Midwest Title Lender will not run a credit check on you at any time. Why do we do this? Because your collateral for your car title loans in Mentor is enough.
- Nearly instant approval: Arguably the best benefit by somebody in a financial pinch, our near-instant approval time for your car title loans in Mentor is not a feature to blink an eye at. We pride ourselves in our ability to recognize your immediate needs as our customer and take action as swiftly as we can to ensure that your needs are met.
Apply for a car title loan today:
There’s not a lot of complexity in terms of our loan application, and we do this to ensure the quickness and deliberateness of the approval of your loan. When filling out your application on our website, we will prompt you to enter the following information about yourself:
- Personal: We will ask you to reveal basic personal information about yourself. This includes details such as your name, your phone number, and your zipcode. We do this with the sole intention of contacting you as quickly as we can.
- Vehicle: Midwest Title Lender will also prompt you to give us details about your vehicle, which includes things such as the make, model, year, and mileage as read on the odometer. This basic rundown of your vehicle stats will be used to determine the amount of money your loan will be approved for.
Legality of car title loans:
Car title loans are legal nationwide, with no hindrance state to state on any of the regulations or laws surrounding car title loans.
In general, the following rule applies:
Lenders will typically provide the consumer, at the receiving of your car title as collateral, with 30 days to fully repay the loan amount which you took out. If the loan amount has not been paid in full after 30 days, the lender is given the full right to repossess the vehicle.
However, some lenders are willing to make exceptions to this policy for their customers on a case-by-case basis, and loans are renegotiated. In this situation, the repayment time can often be extended by months, or even years, depending on the type of agreement in place.
All in all, there is no real reason to wait to get your car title loan in Cleveland. Our expert staff here at Midwest Title Lender, using a calculator for title loans, will review your application immediately to determine your loan limit amount. We are dedicated in moving with a stellar combination of swiftness and professionalism, and pride ourselves in our successful ability to do so.
Call us today or visit our application page to begin now.