What Is a Title Loan?
A title loan is a loan based on the value of a vehicle you own. Your vehicle is put up as collateral for the loan, and you can borrow up to the amount it is worth. Title loans are meant to be short-term and can come in small amounts to cover small cash needs.
Benefits of Title Loans
There are several benefits to taking a title loan over other traditional loans. Title loans tend to be more flexible in approvals and can get you money quickly.
Your Credit Doesn’t Matter
In making a decision about your qualifications for a title loan, your credit history doesn’t matter. This can be one of the main benefits for those seeking a title loan. The value of your vehicle is all that matters.
You Get Money Fast
You can get money the same day your application gets approved. That’s why title loans are one of the best quick cash loans. We offer loans up to $50,000, so if you need a short-term loan for quick cash, a title loan could fit the bill.
It’s Not Just Cars
You can borrow against your RV, truck, semi-truck, or motorcycle, too. These may offer more collateral than your car. It also protects your main mode of transportation in case of default.
How to Get Cash Now
If you want to get cash now, you simply have to apply through our form. To fill out our application, you will need your personal contact information and your vehicle information.
Check your vehicle mileage and your most recent car payment before accessing our form. We’ll need to know the mileage and whether or not the vehicle is paid off to finish your application.
Once this goes through, we’ll ask for some supporting documents. You will need to send copies or images of a valid ID, pay stubs or other proof of income, your vehicle registration, proof of insurance, and proof of residence.
Your application will be ready for review, and if approved, you’ll get your cash the same day.
How to Afford a Title Loan
You pay for the loan by paying interest on your repayments. You can have up to 50 months to pay back your loan and interest on a monthly basis.
Need help affording a previous title loan? Champion Cash Loans can help you refinance when you bring a loan to us. Lower your interest rates for easier payments.