Title Loans Washington DC
Getting the Money You Need with Title Loans Washington DC
It’s never easy when you’re short on money to pay your bills, but a title loan allows you to get a financial boost the same day that you apply for it. With these auto equity loans, all you need is a car that has a lien-free title in your name and you can get a loan based on its value. The best part is that your credit won’t matter at all.
You can use your title loan for whatever you want. That could be opening your business, paying past-due bills, getting your car repaired or any other pressing expense that is causing you stress. Once you get the money through your title loan, what you do with it is entirely your decision.
Applying Online for Title Loans Washington DC
When it comes to convenience, it’s hard to top title loans in Washington DC, but we wanted to make the application process even easier for our customers. That’s why we created our online title loans application, and you can complete the entire application in under 30 seconds. To start, go to the application form right here on our site and punch in the following information about your vehicle:
• Approximate Mileage
Once you’ve done that, you can complete the form by entering the following contact information:
• Your full name
• Your phone number
• Your ZIP code
Submit the form and we’ll immediately use your car’s current market value to provide a free car title loan estimate, giving you an idea of how much money you could get. We’ll also instruct one of our title loan representatives to call you as soon as they can and tell you more about title loans. The representative can then use your ZIP code to find a title loan company in your area that you can visit to obtain your loan.
Title Loan Regulations in Washington DC
The federal government has an age minimum of 18 for all title loan borrowers, but other than that, it leaves states free to set their own regulations. Washington DC doesn’t put many restrictions on title loan companies, instead allowing borrowers and lenders to set up their own loan terms. The district doesn’t limit title loan amounts or interest rates.
It also doesn’t limit title loan terms or set a term minimum. However, terms for title loans in Washington DC are typically 30 days. If you don’t have the money to pay off the title loan when the term ends, you can pay at least the loan interest to renew it for another term. This new term will have your unpaid loan principal and another interest charge. It costs you a bit in interest, but it gives you more time to pay back what you owe.
Title Loan Benefits
Title loans are as convenient as it gets. You just need to bring your car, its title and your government-issued ID to the title loan company to obtain your loan. There’s no financial documents or paystubs required, and most borrowers receive approval for a loan. It’s normal for borrowers to get in and out of a lender’s office in under an hour with cash in their pockets.
You’ll still have your car while you’re repaying your title loan, so you won’t need to look for other methods of transportation. Since you can renew your loan, you have flexibility regarding how much you pay, which can be a lifesaver if you’re short on cash.