Title Loans are a type of loan that requires the borrower to use their vehicle title as collateral to obtain a loan. This means a title loan is a form of secured loan. You can use your truck, car, SUV, and classic car titles as collateral whenever you apply for a car title loan at TFC Title Loans.
Life is full of pleasant and unpleasant surprises; we desire to have the pleasant surprises but life can be unfair sometimes as it can throw at us the unpleasant sides of life. Most times we experience the unpleasant surprises they are unplanned as such they become an emergency. It could be the need to pay for medical bills, help a family or friend, or the need to access quick cash to attend to yearning personal needs. When this happens, the best place to get quick financial aid is TFC Title loans.
We are your dependable and reliable title loan provider in your neighborhood, you can’t miss us in your locality as we have our offices and agents spread across every town, city and state in the United States of America.
How Does a Car Title Loan Work?
The way a car title loan work is almost the same as the way other secured loans work. The borrower uses his or her car title as a collateral to obtain a cash advance that will be paid back over an agreed period of time.
The lender places a lien on the car title which is lifted after the borrower has fully paid off the loan. With TFC Title loans you will still be able to drive your car as you pay off the loan as long as you do not default any of the agreed terms.
The option of a car title loan is the best for people who have explored the avenue of getting a loan from banks and other financial institutions and are unable to secure a loan because of their bad credit. It doesn’t matter whether you have a bad credit or whether you do not have a credit history as all that matters when you apply for a car title loan is the current market value or worth of your car.
The value of your car is evaluated and you will be able to get a loan amount of up to certain percentage of your car value. The entire application process is fast, simple, and straightforward as you can get the loan amount same day you apply when you walk into any of our offices or contact any of our loan agents.
How is a Title Loan Obtained?
Thankfully, title loans can be obtained easily and quickly after the loan application has been completed, the approval is within minutes and the money is credited into your bank account almost immediately after you have gotten approval. In order to obtain car title loan, you need just a few steps; these steps are highlighted below;
- Apply: You can apply for a Title loan either online or by a title loan office near you. The application is simple and when you need help, you can always count on our amiable loan agents to help you through the process.
- Provide Documents: You will need to submit a few documents such as a proof of Identification, A proof of residence, age declaration, and vehicle insurance among others.
- Loan Approval: Once you submit the required documents and they are all in order, your loan will be approved and you will know the amount of loan you can get.
- Funding: The final part is the crediting; you will get the funds into your account. The entire process is fast and simple as you can get the loan the same day you apply.
Why Choose TFC Title Loans
- Our interest rates are the most competitive you will find around.
- Our agents are friendly, and ready to walk you through the entire loan process.
- You can still get to drive your car while you pay off the loan.
- There are no penalties or additional charges when you decide to pay off the loan before the time stipulated or agreed.
- There are no hidden charges when you apply for a title loan at TFC Title Loans.
- We offer the fastest title loan application processing.
With TFC Title Loans, you can be guaranteed that we have got you covered as far as securing emergency and short term loans are concerned. You can rely on our expertise as we are out to serve the best interest of our esteemed clients. Get in touch with us and you will be amazed at the wonderful offers we have in stock.