More money is at the top of your needs list. It’s probably on most people’s list, but you work on commission, which means your paycheck is not the same every payday. When the paycheck is higher, it’s best to put aside a bit for those weeks when the pay is on the lower end. Sometimes it doesn’t work out that way, so if you find yourself needed a few extra bucks, consider title loans in Georgetown for some fast cash.
What are Title Loans Georgetown?
Since your car has a high value, you can use it to secure a loan. That’s the basis of title loans in Georgetown. Just give the lender the title papers when you get the loan. When you pay off the loan, the title is returned to you. What great about title loans is they are approved without a credit check. That’s great news for anyone ever denied a loan because they have a low credit score.
Any vehicle used as collateral must be owned by the applicant. You must be at least 18 years old and be employed or get money from another source, such as retirement payments.
Title Loans Georgetown Applications
It can be scary to try something new, like a different type of lending, but if you don’t try it, you will never know the benefits. Start with our application. Just fill it out, submit it, and get the loan quote. This will let you how much money could be yours, but you are under no obligation to actually take the loan. If you’re interested, let us discuss the loan process with you and answer your questions. If you choose to proceed, we can work out a loan package to meet your specific needs.
Delaware Legal Information
- Loan terms extend for 180 days maximum, and this includes loans that are rolled over.
- Lenders are allowed to set various interest rates because the state has not set a maximum rate.
- Before having customers sign a loan agreement, lenders are required to give them a written statement with details about the loan process. This includes their right to repossess a vehicle when a loan is in default.
- Lenders may not threaten legal action against a borrower whose account is in default.
- When a vehicle is repossessed and sold, any excess money not due the lender will go to the borrower.
Title Loan Benefits
Title loans are easier to get than bank loans in several ways. The application is much shorter, and once you submit it, you instantly find out how much money you’re eligible for. Processing takes less than a day in most cases, which means you get the cash that day. Title loans in Delaware don’t require a credit check. For borrowers with poor to bad credit, that means no one is examining your credit worthiness. No one is going to use your past credit mistakes to deny you a title loan. Bank loans, on the other hand, have larger applications and processing. It can take weeks to be approved and awarded the money, and they always check your credit to help them decide whether to say yes or no to your application.
Title loans are designed to meet your short-term financial need, which is why loan terms are quick. But, lenders understand that sometimes you can’t make all the payments by the loan deadline. When that happens, it’s best to let us know so we can discuss your options. One of the easiest things to do is roll over the loan so you have more time to pay us back.