Whether it is man’s best friend or another type of pet, your furry buddy means the world to you. Vet bills for an annual checkup or shots won’t dent the budget, but what happens when your canine or feline family member gets really sick? It’s a discouraging feeling to know you can’t pay for a loved one’s medical treatment. There is a way to get the money you need if you consider title loans in Harrington.
What are Title Loans Harrington?
Similar to bank loans, title loans in Harrington are a way for consumers to get money from a financial institution. In this case, the lender is non-traditional, and there are some key differences in the loan itself. One difference is that title loans are based on collateral, and while the loan is being paid off, the lender holds on to the vehicle title. Another difference and this is a big one, is that there is no credit check with title loans. A potential borrower can have the worst credit possible, and a title lender is likely to find a way to work out a loan package if the borrower meets the requirements.
- Own the vehicle used as collateral. The vehicle must be lien-free.
- Be at least 18 years old.
- Have a job or another type of income, such as unemployment benefits.
Title Loans Harrington Applications
Our application for title loans in Harrington is so short you’ll probably wonder if you missed some questions. The truth is, we only need basic information, such as your name and a way to contact you. Of course, we do need details about the car you will use as collateral, such as its make and model and how many miles it has. Once you submit the application, you get a loan estimate. If the amount looks good to you, let’s work out a loan package. It won’t take long at all, and before the day it out, you’ll likely have the loan money in your pocket.
Delaware Legal Info
Borrowers can take up to six months to pay off a title loan when the lender allows them to roll the loan over. Borrowers who decide to cancel a title loan only have one business day after taking out the loan to pay back the entire loan amount. The lender can’t charge them a cancellation fee. Lenders are also prohibited from threatening a client with legal action if their loan goes into default. Any surplus money from the sale of a repossessed vehicle will go to the borrower. Delaware does not have a cap on interest rates.
When you want money fast, there’s no better method of getting it than with car title loans in Dover and Harrington. Online applications can be completed in minutes, and the entire process is usually completed in less than a day. What that means is you get the money hours after you apply. There’s no comparison between title loans and traditional ones, which can take several weeks to process.
Getting a title loan without a credit check is one of the best things about them because it opens the door for everyone to get a loan. Many people have poor or bad credit, and they are regularly denied loans because of their record. With title loans, everything centers around the vehicle the borrower pledges to secure the loan, so there is no need to check anyone’s credit.
Title loans can be rolled over for up to 180 days. That’s good news is you can’t make all the payments within the original loan term.