Get the Cash You Need, Quick!
There are many options for cash loans when you need money quick. Some options are definitely better than others. First, it is important to identify who, and in what situations, cash loans can benefit. These loans can help individuals with:
- No credit history
- Poor credit scores
- No checking or savings account
- A need for same day cash
But, some options for cash loans in Delaware come with expensive upfront application or other fees, and costly prepayment penalties. The interest rates, fees, and penalties can adversely affect your ability to repay the loan in a timely manner. When selecting the right solution for quick cash, it is imperative that you compare all options.
It is important to find an established direct lender, with a good reputation throughout the community. Protect yourself, and be sure to read all paperwork carefully prior to signing.
For people with a vehicle with a lien free title, a title loan is an efficient option to get cash fast. Unlike other fast cash loan scenarios, with a title loan, you retain possession of your personal property, and you can use it as desired. The lender holds the title to the vehicle throughout the loan repayment period, and upon loan payoff, the borrower receives the title to the vehicle back.
Traditional loans can take weeks or months for approval and funding. That is why so many people choose a title loan in the event of an emergency. Here are some examples of situations in which a title loans can get you the money you need:
- Unexpected illness or healthcare expenses
- Short on cash to pay for living and other expenses
- Unforeseen expenditures for an emergent event
- To pay rent, or other bills
- Whatever else you need cash for
There is no limit on what you can spend the money on. The money is yours to spend in the manner in which you see fit.
The application process for some cash loans requires credit checks, housing verification, and much more. With a title loan, you can bypass much of this, as your ability to get a loan and the cash you need is determined by the wholesale value of your vehicle. Instead of just living pay check to pay check, you can borrow 50% or more of your vehicle’s value.
Unlike other cash loan options, flexible repayment terms are available. When seeking out the right title loan for your situation, be sure to select one from a direct lender that offers a 48-hour guarantee, and no prepayment penalty.
When applying for a title loan you will need the following documentation.
- 1. Original lien free title for vehicle
- 2. Proof of current registration
- 3. Proof of current vehicle insurance
- 4. Proof of ownership of vehicle
- 5. Driver’s license
The application process is easy, and once the initial application is complete, the lender will determine the value of the vehicle, and make you an offer including the loan amount, and terms. Read all documentation carefully, and ask for clarification of any questions you may have.