Title Loans in Ann Arbor
If you’re residing in Ann Arbor, Michigan, and own a car, truck, semi-truck, SUV, motorcycle or an RV, or you are currently paying off one, you could qualify for a title loan with Champion Financial Services. Car Title loans in Ann Arbor MI are a great option to obtain fast cash, when you need it, and without having to use your credit score. In addition, we currently have full state coverage, which means wherever in Michigan, we’ll be ready to offer you the best deal according to your current needs and possibilities.
What Is a Title Loan?
First of all, you should know that whether you are looking for extra money due to late school fees, mortgage payments, medical emergencies, to pay off previous loans, or any other situation going on in your life, title loans are a great, efficient solution to get you where you need to be. Second of all, if you are going to apply for a title loan, you should understand how it all works.
Car title loans, also known as auto equity loans, are short-term loans for which the borrower uses the title of their vehicle to be used as collateral. The lender, in this case us, becomes the lienholder on the vehicle title until the loan is completely paid off. Next, the borrower has to give monthly payments that include a previously established interest fee, again, until the loan is paid off. CFS will determine the loan amount you receive depending mostly, although not exclusively, on the value of the vehicle.
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Keep Your Car With You During the Whole Process!
Many people think car title loans means having to give up their vehicle in exchange for money, but this is not how title loans work. When applying for a title loan with us, the borrower puts up their vehicle title as collateral, making the lender the lienholder on that vehicle title. Before, during and after the loan process, the applicant gets to keep their vehicle. The only, and quite obvious, problem would arise in case the borrower does not pay back the loan in the given time frame. However, Car Title loans in Ann Arbor MI likes to establish the terms and conditions with our clients since the beginning of each process so that every loan turns out a successful one.
No Prepayment Penalties!
We understand many of our current and future clients prefer to pay off their loans early to get rid of all debts. Champion Financial Services does not charge any prepayment penalties for those clients who choose to do so.
Still Unsure? Get a Free Quote!
You may wish to get a quote before actually agreeing to a loan, and we totally understand that. In fact, Car Title loans in Ann Arbor MI encourages all applicants to ask us all of their inquiries so that there is no issue left unsolved. Please feel free to give us a call at 1-888-798-1970 or send us a message through our website. One of our customer service representatives will immediately get in touch with you to help you with all your queries. We also offer anyone a free, no-obligation consultation to go through the loan terms and amounts, depending on each case. Remember the sooner you fill out your application form, the sooner you will receive the cash you need! Call us today to receive a quality consultation!