Title Loans Springfield
A title loan is the fastest, cheapest way to get cash right away when you’re in a bind or have bills to pay. Unlike other loans, you don’t need credit to get a title loan. All you need is the title of your vehicle and a little time. Applying for a title loan is super easy, and you can often receive a title loan estimate, an approval and cash in hand in as little as 24 to 48 hours.
You can do whatever you want with your fresh, new cash:
- Pay your cell phone bill
- Settle your student loans
- Take a mini vacation
- Purchase new decor for your home
- Get a jump on holiday or birthday shopping
Maybe you have some other kind of situation that requires a lump sum of cash, such as a homeowner’s or legal emergency.
Interest rates for title loans are lower than rates for cash advances or payday loans. As a result, title loans cost less overall than other types of loans. The loan amount reflects the value of your vehicle, so amounts vary. However, depending on your vehicle’s value, your cash title loan could range from $100 to $15,000.
Title Loans Springfield: How To Apply
Working With Midwest Title Lender
Midwest Title Lender offers:
- Title loans in Springfield
- Title loans in Dayton
- Title loans in other nearby Ohio cities
Midwest Title Lender simplifies the process with a basic online preliminary application. Enter the:
- Estimated mileage
of your vehicle. Click “Next.” Enter your contact info. Agree to the terms and conditions. Click “Submit.” It’s that easy. Takes about five minutes.
At your earliest convenience, a loan agent will contact you and give you a free loan estimate and guide you through the remaining steps of the application process. This usually includes a vehicle inspection, your signature on a few forms and going to retrieve your cash title loan.
Legal Regulations About Ohio Car Title Loans
A Few Things You Should Know Beforehand
To get car title loans in Springfield specifically or car title loans in Ohio generally:
- You must have a valid driver’s license or a government issued ID
- You must supply proof of residence
- You must have proof of income
- You must own the vehicle that will serve as collateral
- Your vehicle title must indicate this
There must not be any liens or outstanding judgments on the title. Your vehicle must be in working condition.
The law in Ohio requires car title lenders to work with parties called Credit Service Organizations. CSOs serve as an intermediary between you and your lender. Consequently, CSOs charge fees that melt into your overall car title loan repayment balance.
The Benefits of Car Title Loans
Car title loans are fast and cheap, which is the perfect recipe for your busy, cost effective life. You get to negotiate the repayment schedule so that it remains as flexible and convenient as possible. If you cannot repay your title loan, you’re welcome to refinance it and roll the balance over into a new loan.
If you should default on your loan, the default status does not appear on your credit report. You don’t need a bank account to receive your title loan. Also, you get to keep your car over the entire lifetime of your loan.
If you repay your loan ahead of schedule, you won’t incur prepayment fees. Also, car title loans are quite discreet, and your personal financial and contact information never goes beyond Midwest Title Lender’s database.
If you live in Springfield and need cash immediately, consider a car title loan from Midwest Title Lender.