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5 facts about auto title loans

Auto Title Loans in a Nutshell

Auto title loans are a great alternative loan option, due to their suitability and speed towards instant cash loans. Here are some facts about these loans that will get you jumping up and applying!

Secure Cash with your Car

Auto title loans allow you to secure an urgent cash loan using your car as security. All lenders, conventional or other need to ensure low risk when approving an applicant’s loan and with an auto title loan, your car acts as collateral.

Access Cash Quickly

The title loan process is fast and hassle-free and it takes a couple of hours from the minute you apply for you to be approved and collect your immediate cash loan.

No Credit Checks

If you have bad credit, then accessing a cash loan has most probably been very difficult for you. The good news is, that auto title loans are approved with no credit checks! This significantly speeds up the entire process, and allows much more people to apply for a loan.

Keep your Car

Don’t be fooled! When you take out an auto title loan, you are not required to hand over your car! Many people think this, which makes them a little nervous to take out this type of loan. When you pick up your cash, you keep on driving! The loan company becomes the lien holder, but you’ll keep driving your car as usual.