When the emergency situation involves cash, where can you get money quickly? Title loans in Brooklyn are among the fast types of funding options around, and it only takes a few minutes to apply and see how much you’re eligible to receive.
What are Brooklyn Title Loans?
Everyone has a chance to get money through title loans in Brooklyn because they are collateral-based. Lenders don’t do credit checks because there is no need to find out which companies a customer owes and if they’ve been making payments on time. Title loan customers just put up their vehicle as loan security, and give the title certificate to the lender. Approvals are easy, and cash is handed out quickly. During the loan, the lender has a lien against the customer’s vehicle, but that lien is removed when the loan is paid off. That’s also when the lender gives the title back to the customer.
- 18 is the minimum age requirement
- Vehicles must be owned by the borrower
- Applicant’s name must be on registration documents
- Must have an income to afford loan payments. This can be a job, unemployment benefits, alimony or another source.
Applications for Title Loans Brooklyn
Getting your money begins with our streamlined application for title loans in Brooklyn. You’ll give us a bit of info about your car, and we’ll give you a loan estimate. That’s a lot easier than applying for a standard personal loan with its lengthy application and all the requirements for personal information about your employment and financials. Once we start working on your loan package, we will get some more info about your income, but it’s not too detailed. We just need to make sure you can afford your loan payments. Setting up your loan package also includes a payment schedule to fit your needs, and you signing a loan agreement. Most applicants are collecting their loan cash in less than a day.
Ohio Legal Info
- Interest rate cap of 30 percent.
- Borrowers must receive advanced notice before their vehicle is repossessed or sold.
- Before a borrower’s vehicle is sold, they must be told the date and time it happens. They must also be given an accurate account of the money they owe the title lender.
- Money made from the sale of the vehicle goes to the lender to recover the loan balance. Any excess money goes to the borrower.
Title Loan Benefits
- Fast loan approvals are one of the things about title loans in Cleveland and Brooklyn, OH. What makes them fast is that we don’t waste time on lengthy applications and processing. We also don’t waste time on credit checks. You have collateral, and that’s all we are concerned about.
- Fast cash is the absolute best thing about title loans. There is no waiting for an application to be reviewed by someone who will get back to you. It’s just you applying, us making an offer and the two of us working out a deal. Keeping is simple is why most of our clientele gets their cash in less than a day.
- Fluid loan terms are something other lenders don’t offer. As a title loan customer, you can actually change your loan payoff date by renewing the loan or rolling it over into a new term. We allow this for customers who realize they won’t be able to make all their payments by the end of their original loan term.
- When we say our loans are hassle-free, that extends to your daily routine. We don’t want to disrupt that by leaving you stranded, so we only keep your vehicle title. You keep the vehicle.